About 3 points.

1. Because investors will incur certain handling fees when trading ETF funds. Only when the fund increase exceeds its handling rate, investors will not lose money.

2. Handling fees include subscription fees, redemption fees, custody fees, management fees and sales service fees. The subscription fee rate is related to the investor’s purchase amount. The smaller the purchase amount, the higher the fee rate. For some funds, the purchase amount

If it is less than 1 million, a 1.5% subscription fee may be charged. The larger the purchase amount, the lower the subscription fee.

3. The redemption fee is related to the holding days. The longer the holding days, the lower the fee rate, or even 0. The shorter the holding days, the higher the fee rate.