When the fund is converted, investors only need to pay a lower conversion rate, and do not need to pay a higher redemption and subscription rate. Generally speaking, in order to retain investors, fund management companies generally set a conversion rate of one thousandth (non-monetary funds are converted to each other), that is, the conversion rate of 1 10,000 yuan of assets payment 1 yuan, while the relative redemption and subscription rates are five thousandths and one point five percent respectively, that is, the assets of 1 10,000 yuan need to pay the redemption and subscription rates in 20 yuan. In which the revenue will not be interrupted during the conversion time.

Suitable for the crowd: some investors don't know much about the funds they buy when they buy funds. Obviously, it is an investor with high risk tolerance, and the result is a hybrid fund; However, some investors don't like funds with large fluctuations in net value, but bought stock funds by mistake when they bought them. When this happens, investors are advised not to redeem the fund immediately, but to choose the way of fund conversion to convert their existing funds into suitable fund products.

The two funds in the conversion application shall meet the following conditions:

(1) Two synchronous open-end funds sold by the same sales organization and registered by the same registrant;

(2) Open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode;

(3) Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.