What is the difference between China and Canada s pure debt A and C, and what is the difference betw

1. Different returns: the investment targets of Mixed A and Mixed C** are the same, but due to the buying and selling of investors, the rise and fall of the two are different, so the returns will be different;

2. ** is different: although the operation mode of Hybrid A and Hybrid C is the same, and the manager is the same, the net value of the two is announced separately, and the net value of the two is also different;

3. Different handling fees: Mixed Class A** charges subscription, subscription and redemption fees, and does not mention the sales service fee, while Class C, on the contrary, provides sales service fees, but does not charge subscription subscription fees when held for more than 30 days.

If it is the ** of ABC Class III, Class A generally represents the front-end fee, Class B represents the back-end fee, and Class C has no subscription fee, that is, there is no handling fee for both the front-end and the back-end.

Here's a detailed breakdown:

There is no such thing as a free lunch. There is no one-time subscription fee, and the sales service fee is charged on a daily basis, but this is not to say that there is no difference.

For example, since there is no subscription fee, although Class C has a sales fee, the sales fee is less than 1% in three years, that is, it is lower than the front-end subscription fee (temporarily ignoring the appreciation of assets).

We can think about it like this: if you are sure that it is a short-term investment, for example, the investment period is less than 1 2 years, then you can choose Class C bonds, which are not cost-effective for more than 2 years; If it is determined that it is more than 3 years, you can choose Class B, because the fee for Class B of China-Canada Pure Bond Bond after 2 3 years is only, and the longer it is, the less; If you don't have any judgment on the investment horizon, you can consider the Class A front-end charge. For China-Canada Pure Bond Class A bonds, holding for more than 3 years is better than Class C, but holding less than 1 year is better than Class B.

Hope it helps. Thank you.

The main differences between China-Canada Pure Debt A and C:

1. Category A generally represents the front-end charge;

2. Category C has no subscription fee;

3. Category B represents back-end charges.

Whether it is A, B, C or A and B, the core difference is in the subscription fee. If it is the ** of ABC Class III, Class A generally represents the front-end fee, Class B represents the back-end fee, and Class C has no subscription fee, no handling fee for either the front-end or the back-end;

For the two types of AB bonds**, Class A generally has a subscription fee, including front-end and back-end. There is no subscription fee for Class B bonds. That is to say, class A and class B in the three categories of ABC are equivalent to class A in the two categories of AB, which are the front-end or back-end subscription fee**, and class C ** in the three categories of ABC is equivalent to class B ** in the two categories of AB, and there is no subscription fee.

A is to pay a fee when subscribing, C is to have an additional service fee every year, and if you continue to hold it after the year, C is not cost-effective. Yanhuang Finance ** said: the same **, a front-end charge, only once.

There is no charge for the front-end, but the fee is put into the management fee. For example, if you buy every day, the front-end is average, and the management fee of C is generally higher than that of A. Therefore, if you hold it for more than a year and a half, you can choose A, and if you hold it for a short time, you can choose C.

Sino-Canadian Pure Bond One-Year Regular Open Bond C (****000553, medium and low risk, large volatility, suitable for more stable people) is expected to open redemption business from April 1 to April 15, 2016.

management rate per year), hosting rate per year), sales service rate per year).

Note: Management fees and custodian fees are accrued daily from ** assets. The ** net value announced each business day is net of management fees and custody fees and is not subject to separate payments per transaction.

China-Canada Pure Debt Classification A (000914).

1. Conversion base date.

The base date for the conversion of the ** share of the A share of pure debt is December 17, 2015 (the base date for conversion is the same as the open date).

2.Conversion object.

Conversion of all net debt A shares registered on the base date.

3.Conversion frequency.

During the hierarchical operation cycle, it is converted every 6 months.

4 .Conversion method.

At the end of the conversion date, the net value of ** share of pure debt A is adjusted to RMB, and after conversion, the number of shares of pure debt A held by ** share holder will increase or decrease accordingly according to the conversion ratio.

The formula for converting the ** share of pure debt A is as follows:

The conversion ratio of pure debt A = the net value of the **share of pure debt A before conversion on the conversion date

The number of shares of pure debt A after conversion = the number of shares of pure debt A before conversion The conversion ratio of pure debt A.

The converted share of pure debt A is rounded to two decimal places, and the resulting error loss is borne by ** property, and the income generated belongs to ** property.

Bond A: Bond type A **, where the letter A represents the charge type of ** is the front-end fee, that is, the fee is charged at the time of subscription, in the operating fee.

Management fees, custody fees, but no sales service fees.

Bond C: Bond type C **, where the letter C represents that the ** does not charge subscription fees, and only accrues management fees, custody fees and sales service fees on a daily basis during the holding period.

Under normal circumstances, the operating fee rate of Class A** is relatively low, but the redemption threshold is relatively high, and everyone is encouraged to hold it for a long time, and the investment cycle is more than 2 years. There is no subscription fee for Class C**, and the redemption threshold is usually relatively low, which is mainly to allow investors to invest flexibly and facilitate the operation of the medium-sized **.

Extended Materials

Although there are many types of bonds, they all contain some basic elements in terms of content. These elements refer to the basic content that must be set out on the bonds issued, which are the main agreements that clarify the rights and obligations of creditors and debtors, including:

1 Denomination of the bond.

The par value of a bond refers to the par value of the bond, which is the principal amount that the issuer should repay to the bondholder after the maturity of the bond, and is also the basis for calculating the interest paid by the enterprise to the bondholder on time. The face value of the bond is not necessarily consistent with the actual issuance of the bond, the issuance ** is greater than the face value is called premium issuance, less than the face value is called discount issuance, and the equivalent issuance is called parity issuance.

2 Repayment Period.

Bond repayment period refers to corporate bonds.

The term for repayment of the principal amount of the bond is the time interval between the issue of the bond and the maturity date. The company should determine the corporate bonds based on its own capital turnover status and various influencing factors of the external capital market.

repayment period. 3 Interest Payment Period.

The interest payment period of a bond refers to the time when the interest is paid after the bond is issued. It can be a lump sum payment due or a one-year, semi-annual or three-month payment. Time value in consideration of money.

and inflation, the interest payment period has a significant impact on the real return of bond investors. The interest on a bond with a lump sum payment at maturity is usually calculated at simple interest; For bonds with interest paid in instalments during the year, the interest is compounded.

4 Coupon rate.

The coupon rate of a bond refers to the ratio of the interest of the bond to the face value of the bond, which is the calculation standard for the remuneration that the issuer promises to pay to the bondholder in a certain period of time. The determination of the coupon rate of bonds is mainly affected by factors such as the bank interest rate, the credit status of the issuer, the repayment period and the method of calculating the interest, as well as the supply and demand of funds in the capital market at that time.

5 Name of Issuer.

The name of the issuer indicates the main key of the bond, which provides a basis for the creditor to recover the principal and interest when due.

The above elements are the basic elements of the bond face, but not all of them are printed on the face of the bond at the time of issuance, for example, in many cases, the bond issuer announces the maturity and interest rate of the bond to the public in the form of announcements or regulations.

There are three differences between bonds C and A:

1) The amount of investment in the state mausoleum is different:

Some bond types** stipulate that Class A of more than 5 million investment only needs to pay a subscription fee of 1,000 (subscription fee), which is the lowest cost.

2) The holding period is different

If you are sure that it is a short-term investment, such as less than 1-2 years, it is not cost-effective to choose Class C bonds for more than 2 years; If it is determined that it is more than 3 years, you can choose Class B, because the fee for Class B of ChinaAMC Bond for 2-3 years is only yes, and the longer it is, the less; If you don't have any judgment on the investment period, you can consider the Class A front-end fee.

3) The charging standard is different:

For the three categories of ABC, Class A generally represents the front-end fee, Class B represents the back-end fee, and Class C has no subscription fee, that is, there is no handling fee for both the front-end and the back-end.

Class A and Class B bonds**, generally Class A has a subscription fee, including front-end and back-end, while Class B bonds do not have any subscription fee. That is to say, Class A and Class B in the three categories of ABC are equivalent to Class A in the two categories of A and B, and are the front-end or back-end subscription fee**, while the Class C ** in the three categories of A, B and C is equivalent to Class B ** in the two categories of A and B, and there is no subscription fee.

The subscription fee is different: when the bond **a is carried out, the investor has to pay a certain subscription fee; Bonds**C have no fees for this; The service fee is different: Bond **C is charged more than Bond **A; The investment horizon is different:

Class C investments will be longer. Class A** investment horizon will be relatively shorter; The investment amount is different: the investment amount of bonds**A will be higher, and the investment amount of class C will be flexible.

I often see a bond type divided into A, B, C for investors to choose, in fact, these three types of Biru** all belong to the same **. The biggest difference between them is the difference in transaction rates between the three.

Among them, **A and **B will charge the trader a subscription fee when making a trade. **c, on the other hand, does not charge a subscription fee when trading. There are also some minor differences between **a and **b, which also charge a subscription fee.

**aThe way to charge the subscription fee is the front-end fee, that is, the subscription fee will be charged when purchasing**. The way **b collects the subscription fee is the back-end fee, and the subscription fee will only be charged when selling.

Although **C does not charge a subscription fee, it does charge an additional service fee than **A and **B. Since the service fee is directly reflected from the net value, the net value of **c is lower than that of **a and **b.

In addition to the difference in rates, **A and **C also differ in terms of investment period and investment amount. **A is more inclined to make long-term investments, and the amount of investment required is also relatively high. The investment amount and investment period of **c can be freely chosen by investors, which is more suitable for investors who hold small funds and have unstable investment time.

For different investors, everyone's conditions and needs are different in all aspects, so it is good to choose according to their actual situation.

1.Different subscription fees: investors should pay a certain subscription fee when purchasing bonds**a; Bond **C has no charge in this regard;

2.The service fee is different: bond **c charges an additional sales service fee than bond **a;

3.The investment horizon is different: the time frame for Class C investments will be longer. Class A** investment period is relatively short;

4. The investment amount is different: the investment amount of bond **a is higher, and the bond **c is flexibly matched according to investors.

The meaning of the bond ABC is boring.

Bond ABC means that it is classified according to different charging methods. Bond A is a front-end fee, and Bond B is a back-end fee, that is, there will be no subscription fee at the time of subscription, and the subscription rate should be calculated according to the number of years of holding when waiting for redemption. There is no subscription fee for Bond C.

If the brother brigade is held for less than 30 calendar days, 01% of the redemption fee, but if the holding time is equal to or more than 30 natural days, the redemption fee is 0. Since the daily ** net value is deducted from the sales service fee, the yield of Bond C is slightly lower than that of Bond AB.

Class A is a front-end charging model, and a one-time payment is made when subscribing**;

The Type C fee model refers to the fact that there is no subscription fee, but a sales service fee is charged.

Extended information: 1. Investors who are suitable to choose class A need to have the following two situations, one is an investor with a large purchase amount, if there is a bond-type ** provision, investors with more than 5 million yuan choose class A only need to pay a subscription (subscription) fee of 1,000 yuan each, and the cost is the lowest.

The other type is investors who have not used their funds for a long time. Since Class A is a front-end fee, investors will not have large-scale short-term arbitrage like Class C, which makes the performance relatively stable, and long-term investment will have a good expected annualized return.

2. For investors who do not have a large purchase capital and have been held for more than two years, Class B is more suitable. Some bonds** charge only a one-time subscription fee and zero redemption fee for more than two years.

3. If you want to choose class C, it is more suitable for some investors who purchase a small amount and hold for an indefinite time, the investment period can be long or short, and the amount can be large or correct, which is mainly due to the fact that the subscription fee is 0, and the redemption fee is also 0 after holding for 30 days, and the sales service fee is only charged at the annual rate, which greatly reduces the transaction cost of investors.