What are the fund switching fees? How is the fund switching fee calculated?

**The conversion fee consists of two parts: the difference between the subscription fee and the redemption fee, and the specific collection depends on the difference between the subscription rate and the redemption rate of the two ** at the time of each conversion. Conversion costs are borne by the holder. **Redemption fee, the difference in redemption fee, based on the applicable redemption rate of each transfer-out **share on the conversion application date, calculates the transfer-out redemption fee on the conversion application date; The redemption fee for the same amount transferred in** on the date of the conversion request is calculated based on the applicable redemption rate for the zero holding time of the transfer-in**.

If the redemption fee for transfer-out** is higher than the redemption fee for transfer-in**, the difference in redemption fee will be charged; If the redemption fee for transfer-out** is not higher than the redemption fee for transfer-in**, no redemption fee difference will be charged. For the conversion between the two previous fees**, the subscription fee for the transfer out of ** and the transfer in of ** on the transfer application date will be calculated respectively according to the amount of transfer-out, and the difference in the subscription fee will be charged when the ** with the low subscription fee is transferred to the ** with the high subscription fee**; When the subscription fee is higher to the lower subscription fee, the price difference will not be charged.

**Subscription fee: For the conversion between two post-fees**, the subscription fee will be charged after the transfer-out on the application date based on the applicable post-subscription rate of each transfer-out ** share on the conversion application date; Based on the applicable post-subscription rate of the zero holding period of the transfer-in**, the subscription fee will be charged after the transfer of the same amount as that of the transfer-in ** on the date of the conversion application. When the subscription fee is transferred from the high subscription fee to the low subscription fee, the difference in the subscription fee will be charged; When the subscription fee is low to the subscription fee is high, no price difference will be charged. For the conversion of back-end charges** to front-end charges**, the post-subscription fee for transfer-out ** is calculated based on the applicable post-subscription rate for each transfer-out ** share on the conversion application date; Based on the amount transferred out, the subscription fee is calculated before the transfer is made on the date of the transfer application.

In addition to the subscription fee charged later, when the subscription fee is lower than the subscription fee collected earlier, the difference in the subscription fee will be charged, otherwise no additional price difference will be charged.

**Conversion fees are generally divided into several situations: 1. There is generally no charge for conversion between the same type of ** (provided that the subscription fees of this type of ** are the same), such as between ****. Generally, you can only go between the front-end and the front-end, and there are restrictions between the front-end and the back-end, and even between the index ** and ****.

2. There are general fees for conversion between different types of ** (because their subscription fees are different and need to make up the difference), such as the transfer of currency, bond and **. I know that only Galaxy UnionPay Stable and Galaxy UnionPay Earnings are two ** free of charge. 3. Looking specifically at the announcement on **company**, the regulations are very detailed and complex.

Conversion can only be converted into shares under the same account managed by the same company and deposited with the same registrant. Also, conversions can only take place within the same sales organization. The transfer of custody refers to a business operation mode in which investors want to change from a sales agency that manages the purchase and redemption business to another sales agency, and must transfer the share of the custody of a sales agency to another sales agency due to the inability to deposit and exchange between the sales agencies.

This is somewhat similar to the transfer business between commercial banks: since commercial banks cannot exchange deposits and exchanges with each other, if you want to transfer deposits deposited in one bank to another bank, you must go through the transfer procedures. It can be seen that the former is converted between different ** under the same **management company, and can only be within the same sales organization; The latter is carried out between different sales agencies.

It can be the same ** or several ** managed by the same **company to go through the transfer of custody procedures at the same time.

**How is the conversion fee calculated?

**The conversion fee is composed of two parts: the subscription fee and the redemption fee, and the specific collection depends on the difference between the subscription fee rate and the redemption rate of the two ** at the time of each conversion.

Generally speaking, when the subscription fee rate is transferred from the low subscription rate to the high subscription rate, the subscription fee difference will be charged; When the price difference is transferred from ** with a high subscription rate to ** with a low subscription rate, no price difference will be charged.

Suppose that **A is converted to **B, the subscription fee of **A is 1%, and the subscription fee of **B is, then the difference in rates needs to be made up to convert A to B.

1.**Conversion fee = transfer out**Redemption fee + conversion fee.

2.**Conversion fee is composed of transfer-out**redemption fee and conversion fee, i.e.**conversion fee = transfer-out**redemption fee + conversion fee. Among them, the transfer-out**redemption fee = the transfer-out amount the transfer-out**redemption rate, the transfer-out amount = the transfer-out**share**net value of the **share transferred out on the day of the conversion application, and the conversion fee = [transfer-out**share**net value of the **share** transferred out on the day of the conversion application** (1-transfer-out**redemption rate) (1+**conversion subscription difference rate)] **conversion subscription difference rate.

For example, if an investor buys Bosera Healthcare Industry Mix**, the transfer-out **share is a share, the net value of the **share transferred out on the day of the conversion application is, the transfer-out **redemption rate is, and the conversion subscription rate is 0%, then the transfer-out amount is RMB, the transfer-out redemption fee is RMB, and the conversion make-up fee is [. Therefore, the conversion fee is RMB.

3.When the pre-conversion subscription fee is lower than the post-conversion subscription fee, the difference will be made up according to the pre-conversion subscription fee, and the difference is not required when the pre-conversion subscription fee is higher than the converted subscription fee. Conversion means that the same company management can be converted to each other, which is more convenient and saves time costs and transaction fees.

Extended information: **, in English is fund, in a broad sense, it refers to a certain amount of funds set up for a certain purpose. It mainly includes trust investment, provident fund, insurance, retirement, and various wills. From an accounting perspective, ** is a narrow concept that refers to funds with a specific purpose and use.

What we are talking about now is mainly referring to investments. Open and closed together constitute the two basic modes of operation.

**Conversion fee = transfer out**Redemption fee + conversion fee. Conversion Difference Fee = [Transfer-out **Share Net value of **share transferred out on the day of conversion application** (1-Transfer-out**Redemption rate) (1+**Conversion Subscription Difference Rate)] **Conversion Subscription Difference Rate.

For example, if an investor buys Bosera Healthcare Industry Mix**, the transfer-out **share is a share, the net value of the **share transferred out on the day of the conversion application is, the transfer-out **redemption rate is, and the conversion subscription rate is 0%, then the transfer-out amount is RMB, the transfer-out redemption fee is RMB, and the conversion make-up fee is [. Therefore, the conversion fee is RMB.

Extended information: 1. Convert.

Conversion means that when a management company manages multiple open-ended stocks at the same time, investors can convert their holdings from one to the other. That is, at the same time that the investor sells one, the other managed by the management company will be managed.

2. The role of conversion.

Shorten the time between redemption and re-subscription;

Save on handling fees, generally only one of the handling fees is calculated.

Although the conversion saves time and money, don't operate it frequently, let alone convert blindly. There is a cost to the conversion process, which is not suitable for frequent operation.

3. Which ** can be converted?

Not all ** can be converted, it still depends on the platform, the company, and the specific**.

Two ** in the conversion application must meet the following conditions:

1) Sold in the same sales agency, and two of them are open at the same time for the same registrant**;

2) The open ** of the front-end charging mode can only be converted to the other ** of the front-end charging mode, and the ** with zero subscription fee is the front-end charging mode by default;

3) The ** of the back-end charging mode can be converted to the front-end or other ** of the back-end charging mode.

Investors can convert at any sales agency that intends to transfer out and transfer to the target sales at the same time. The two ** to be converted must be managed by the same **administrator of the seller** and registered with the same registrant**.

4. How to charge a handling fee for conversion.

Usually, conversion fees are very low or even non-existent.

After the application for ** conversion is successful on T day, the registration authority will go through the registration procedures for reducing the transfer-out ** share and increasing the transfer-in ** share on T+1 working day.

Under normal circumstances, you can inquire about the transaction situation at the outlets that accept the business on T+2 working days, and you have the right to redeem the ** share of the transfer-in part from T+2 working days.

**Conversion fee = transfer-out amount - transfer-in amount, where:

1.Transfer-out amount = transfer-out**share transfer-out**net value on the day of transfer-out**;

2.If the subscription rate of the transfer-in ** is the subscription rate of the transfer-out**: the transfer-in amount = the transfer-out amount (1 transfer-out**redemption rate) (1 transfer-in**subscription rate - transfer-out**subscription rate); If the subscription rate of the transfer out of ** the subscription rate of the transfer in **:

Transfer-in amount = transfer-out amount (1 - transfer-out **redemption rate).

**How is the conversion fee calculated?