After negotiation with the sales agency, from April 26, 2022, Taixin Xinrui bond-type sponsored securities investment fund (fund code: A class 013614, C class 013615), Taixin Tianli 30-day holding period bond-type sponsored securities investment fund Securities investment funds (fund codes: A class 014195, C class 014196) have opened regular fixed investment and switching business in some sales agencies, and participated in the preferential rate activities of various sales agencies. The specific matters are hereby announced as follows:
From April 26, 2022, investors through the above-mentioned sales agencies will subscribe, convert, and regularly invest in the Taixin Xinrui bond-type sponsored securities investment fund and the Taixin Tianli 30-day holding period bond-type sponsored securities investment fund. (Only for off-site and front-end models), enjoy preferential rates. The specific discounted rates and the period of preferential rate activities are subject to the announcement of each sales agency. Please refer to the fund contract, prospectus (updated) and other legal documents of the fund for details of the above-mentioned fund’s original rate standard, as well as the latest business announcement issued by the company. If the original subscription rate is a fixed fee, it will be implemented as a fixed fee, and no rate discount will be available.
1. Fund switching means that after holding any open-end fund issued by the company, investors can directly convert the fund shares they hold to the fund shares of other open-end funds managed by the company without redemption first. A business model in which the already held fund shares can be re-subscribed for the target fund.
2. Fund switching can only be done at the same sales agency. The two funds to be switched must be managed by the same fund manager represented by the seller, registered with the same registrar, and have opened the switching business.
3. The open-end fund in the front-end charging mode can only be converted to other funds in the front-end charging mode, and the open-end fund in the back-end charging mode can be converted into other funds in the front-end charging mode or the back-end charging mode.
4. When an investor handles the fund switching business, the fund of the transfer-out party must be in a redeemable state, and the fund of the transfer-in party must be in a state of subscription.
5. The holding time of the target fund units converted by the fund shall be calculated according to the new transaction. Fund transfer out is regarded as redemption, and transfer in is regarded as subscription. Under normal circumstances, the fund registrant and transfer registrant will confirm the validity of the investor’s application for the fund switching business on T day on T+1. After T+2 day (including this day), investors can inquire about the transaction status of fund conversion from the sales agency. The redemption time of the fund after switching is T+2 days (including this day).
6. For the reinvested shares when the fund distributes dividends, the fund switching application can be submitted on the T+2 day of the rights registration date.
7. Fund switching adopts the unknown price method, that is, the calculation is based on the net asset value of each unit of the fund transferred out and into the fund on the day when the application is accepted.
8. The fund switching fee is composed of redemption fee for the switching-out fund, and the supplementary difference for the subscription fee for switching-out and switching-in funds.
9. The specific calculation formula for fund conversion is as follows:
① Transfer-out amount = transfer-out fund unit × transfer-out fund T-day net value of fund unit
②The redemption fee of the switch-out fund = the switch-out amount × the redemption rate of the switch-out fund
③ Transfer-in amount = transfer-out amount – transfer-out fund redemption fee
④ Subscription fee for transfer-in fund = transfer-in amount / (1 + subscription rate for transfer-in fund) × subscription rate for transfer-in fund
If the subscription fee for the transfer-in fund is applicable to a fixed fee, then the subscription fee for the transfer-in fund = the fixed subscription fee for the transfer-in fund
⑤ Subscription fee for the switch-out fund = transfer-in amount / (1 + subscription rate for the switch-out fund) × subscription rate for the switch-out fund
If the subscription fee for the switch-out fund is applicable to a fixed fee, then the subscription fee for the switch-out fund = the fixed subscription fee for the switch-out fund
⑥Make-up fee = Max{(Subscription fee for transfer-in fund – Subscription fee for transfer-out fund), 0}
⑦Net transfer-in amount = transfer-in amount – make-up fee
⑧ Transfer-in unit = net transfer-in amount / transfer-in fund T-day net value of fund unit
Note: The “subscription fee for switching-out fund” in the formula is the fee recalculated according to the transfer-in amount during the conversion process, and is only used to calculate the compensation fee, not the fee actually paid for the subscription of non-switching-out fund shares.
Example: An investor wants to convert 100,000 Taixin Cycle Return Bond Securities Investment Funds (hereinafter referred to as “Taixin Cycle Return Bonds”) (holding for 7 days to 365 days) into Thailand Small and Medium Cap Selected Hybrid Securities Investment Fund ( Hereinafter referred to as “Taixin Small and Medium Caps Selected Mix”). The net value of Taixin cyclical return bonds corresponding to the application date is assumed to be 1.020 yuan, the corresponding subscription rate is 0.8%, and the corresponding redemption rate is 0.1%. The net value of Taixin’s small and medium-cap selection mix is assumed to be 1.500 yuan on the application date, and the corresponding subscription rate is 1.5%. Then the calculation method for the selected mixed shares of Taixin small and medium-sized caps available to investors in this conversion is:
①Transfer amount = 100,000.00×1.020=102,000.00 yuan
②The redemption fee of the transfer-out fund=102,000.00×0.1%=102.00 yuan
③ Transfer-in amount=102,000.00-102.00=101,898.00 yuan
④ Subscription fee for transfer-in fund=101,898.00/(1+1.5%)×1.5%=1,505.88 yuan
⑤ Subscription fee for transfer-out fund=101,898.00/(1+0.8%)×0.8%=808.71 yuan
⑥Make-up fee = Subscription fee for transfer-in fund – Subscription fee for transfer-out fund
=1,505.88-808.71=697.17 yuan
⑦Net transfer amount=101,898.00-697.17=101,200.83 yuan
⑧ Transfer-in shares=101,200.83/1.500=67,467.22 shares
10. Investors submit applications using the principle of “share conversion”. The fund’s transfer-out shares must be available shares and follow the “first-in, first-out” principle. Frozen shares cannot be converted.
11. The switching application time of each fund shall be subject to the relevant provisions of the Fund Contract and the Prospectus. The switching application on the day can be cancelled at the seller before 15:00, and the application exceeding the trading time shall be regarded as failure or downgrade. One day application processing.
12. The fund transfer-out quota is subject to the relevant provisions of the Fund Contract and Prospectus, and a single transfer-in application is not subject to the minimum subscription limit for the transfer-in fund.
13. When the sum of the net redemption shares of the fund on a single open day and the net conversion and transfer application shares exceeds 10% of the total fund shares on the previous open day, it is a huge redemption (whether the proportion of an individual fund constitutes a huge redemption depends on the specific fund contract prevail). In the event of a huge redemption, fund transfer and fund redemption have the same priority, and the fund manager can decide to transfer out in full or in part according to the fund asset portfolio, and for fund transfer and fund redemption, the Take the same ratio to confirm. If the transfer-out application is partially confirmed, the unconfirmed transfer-out application will not be extended.
14. In any of the following situations, the fund manager may suspend the fund switching business:
(1) The fund cannot operate normally due to force majeure.
(2) The stock exchange is abnormally closed during trading hours, which makes it impossible for the fund manager to calculate the net value of the fund unit on that day.
(3) The fund manager believes that it is necessary to suspend the acceptance of the transfer-out application of the fund shares due to the continuous huge redemption due to severe market fluctuations or other reasons.
(4) Other circumstances stipulated by laws, regulations and rules or other special circumstances that have been specified in the Fund Contract and Prospectus and approved by the China Securities Regulatory Commission.
(5) In the event of any of the above circumstances, the fund manager shall immediately file with the CSRC and publish a suspension announcement on the media specified by the CSRC within the specified period. When re-opening the fund switching, the fund manager shall publish an announcement on the reopening of the fund switching on the media prescribed by the CSRC.
4. Other matters
1. If investors want to know the details of each fund product, please read the fund contract, prospectus and other legal documents of each fund carefully.
2. Risk warning: The company promises to manage and use the fund property in the principle of good faith and diligence, but it does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. Investors should carefully read the fund contract, prospectus and other documents when investing in funds managed by the company.
5. Investors can learn about or consult relevant information through the following channels
1. Taixin Fund Management Co., Ltd.
Customer service phone: 400-888-5988 021-38784566
Website: www.ftfund.com
2. Bank of Communications Co., Ltd.
Customer service phone: 95559
Website: www.bankcomm.com
3. China Securities Co., Ltd.
Customer Service Tel: 400-8888-108
Website: www.csc108.com
4. Bohai Securities Co., Ltd.
Customer Service Tel: 400-651-5988
Website: www.ewww.com.cn
5. Zhongtai Securities Co., Ltd.
Customer service phone: 95538
Website: www.zts.com.cn
6. Hualong Securities Co., Ltd.
Customer Service Tel: 95368 or 400-689-8888
Website: www.hlzq.com
7. Aijian Securities Co., Ltd.
Customer Service Tel: 4001-962-502
Website: www.ajzq.com
8. Shanghai Jiyu Fund Sales Co., Ltd.
Customer Service Tel: 400-820-5369
Website: www.jiyufund.com.cn
9. Orient Fortune Securities Co., Ltd.
Customer service number: 95357
Website: www.xzsec.com
10. Shanghai Tiantian Fund Sales Co., Ltd.
Customer service phone: 95021/4001818188
Website: www.1234567.com.cn
11. Beijing Huicheng Fund Sales Co., Ltd.
Customer Service Tel: 400-619-9059
Website: www.hcfunds.com
12. Zhejiang Flush Fund Sales Co., Ltd.
Customer service phone: 952555
Website: www.ijijin.com.cn
13. Ant (Hangzhou) Fund Sales Co., Ltd.
Customer Service Tel: 95188-8
Website: www.fund123.cn
Special announcement.
Taixin Fund Management Co., Ltd.
April 25, 2022Return to Sohu, see more