Yes, every fund will charge a management fee, which will be accrued in the fund assets every day and paid every month, and this fee will not be charged to investors separately. Management fee is the management remuneration paid to the fund manager, and its amount is extracted from the total assets of the fund according to a certain proportion.

Alipay fund conversion will also charge a conversion fee, and the fund conversion fee = redemption fee of the transferred fund+conversion supplementary fee. For example, if the subscription fee of Fund A is higher than that of Fund C, only the redemption fee of Fund A will be charged; If the subscription fee of Fund A is lower than that of Fund C, the difference between the subscription fees of Fund A and Fund C will be added after the redemption fee is charged.