Hybrid Fund Class A: Investors who apply for Class A funds charge a subscription fee, which is generally 0. 15%, but do not charge a sales service fee after successful subscription, but need to hold it for a long time to reduce the redemption fee.
Hybrid Fund Class C: No subscription fee is charged at the time of subscription, but the sales service fee is charged in the subsequent holding process, and the redemption fee can be reduced if it is held for more than 7 days.
The similarity between Class A and Class C hybrid funds is that they charge the same rate of custody fees and management fees.
Management fee: the fee charged by the fund manager for managing the fund assets; Fund custody fee: refers to the fee charged by the fund custodian for providing custody services to the fund.
The fund management fee and custody fee shall be accrued daily according to a certain proportion of the net asset value of the previous day and paid monthly. Therefore, daily accrued expenses = net asset value of the previous day * annual rate/actual days of the year.