(1) If the subscription rate of the transferred-in fund > the subscription rate of the transferred-out fund; In addition, the subscription rates of both the transferred-in and transferred-out funds are determined based on the transfer-out amount. Example: On a certain day, an investor converts 40,000 shares of the Guolian Anxin Select Fund (front-end free) held for 9 months into the Guolian Anxin Growth Bond Fund Class A. Assuming that the net asset value per unit of the selected fund on the conversion application day is 0.800, and the net asset value per unit of the growth fund is 1.050. Then the conversion fee = redemption fee + subscription differential fee. 3. Fund Conversion Business Examples: To meet the financial needs of a wide range of investors, our company will launch the "Open-End Fund Regular Fixed Investment Plan" at Bank of China starting from May 28, 2010 (the applicable funds are the same as above, among which the Guolian Ansheng CSI 100 Index分级 Securities Investment Fund will start the fixed investment business from the date when the fund opens for subscription). In case of any of the above situations, the fund manager shall immediately file with the CSRC and publish a suspension announcement within the specified period in at least one media designated by the CSRC. When the fund conversion is suspended, the fund manager shall announce the resumption of the fund conversion at least two working days in advance in at least one media designated by the CSRC.
(1) The conversion handling fee rate is zero. If the fund conversion handling fee rate is adjusted, it will be announced separately.
(2) Afterward, the redemption rate of the funds under the original company is as follows:
The subsequent fund conversion subscription rates of the transferred-in and transferred-out funds are as follows:
(3) The transfer-in amount = transfer-out amount - conversion fees.
(4) Other sales institutions will separately announce the applicable conversion fee rates when they open the business.
Business Consultation
(1) Conversion Handling Fee and Calculation of Conversion Shares:
The application for fund conversion is made in terms of shares. When investors handle the fund conversion business, the transferred-out fund must be in a redeemable state, and the transferred-in fund must be in a subscribable state.
Fund conversion adopts the unknown price method, which means the calculation is based on the net asset value per unit of each transferred-out and transferred-in fund on the application acceptance day.
In case of any of the following situations, the fund manager may suspend the fund conversion business:
Force majeure causes the fund to fail to operate normally.
Securities trading venues are generally suspended during trading hours, making it difficult for the fund manager to estimate the net asset value of the fund assets on that day.
Due to intense market fluctuations or other reasons resulting in continuous large-scale redemptions, the fund manager deems it necessary to suspend accepting applications for transferring out of the fund units.
Legal, regulatory, and rule-based situations or other special circumstances not mentioned in the "Fund Contract" and "Prospectus" but approved by the CSRC.
Generally, the fund registration and account registration person will confirm the validity of the investor's fund conversion business application on T+1 day. Investors can query the success status of the fund conversion through the original company's direct sales platform on T+2 day (including the same day).
The minimum application share for fund conversion currently is 1,000 fund units. The minimum holding of fund shares is 100 fund units. If the investor’s remaining shares after converting out are less than 100 units, all shares must be converted out at once. Each single transfer-in application is not subject to the lowest subscription limit of the transferred-in fund.
Investors can consult relevant details via the following channels:
Guolian An Fund Management Co., Ltd. Customer Service Hotline: 021-38784766, 400-7000-365 (free long-distance call)
Guolian An Fund Management Co., Ltd. Website: http://www.gtja-allianz.com, http://www.vip-funds.com
Bank of China Shareholder Service Hotline: 95566
Bank of China Website: http://www.boc.cn/
Based on actual needs, our company will gradually open this business in other sales institutions.
Note: The calculation results of the transferred-in shares are rounded to two decimal places.
Risk Warning
Our company commits to managing and using fund assets with honesty, diligence, and responsibility, but does not guarantee that the fund will definitely make a profit or ensure the minimum return. Investment involves risks, and investors should carefully read the fund prospectus before making investment decisions.
Investors should agree with Bank of China on a fixed monthly deduction amount for the regular fixed investment plan application of this fund, with a minimum of RMB 200 per month (including RMB 200).
The application processing time for this business is the same as the normal subscription business processing time of the funds managed by our company at Bank of China.
If investors need to change the investment amount, deduction date, or deduction frequency per period, they must cancel the existing agreement first and then sign up again. Specific procedures follow Bank of China's relevant regulations.
Currently, Bank of China provides signing and cancellation services for fund fixed investment, and does not yet offer amendment services for fund fixed investment.
The termination of fund fixed investment by investors requires cancellation, specific procedures follow Bank of China's relevant regulations.
The termination effective date of the fund fixed investment complies with Bank of China's specific regulations.
Investors handling the fund regular fixed amount subscription business can redeem the fund at any time. Unless otherwise announced, the redemption and redemption fee rate of unsubscribed shares under the regular fixed amount investment business are the same as ordinary redemption business.
The applicable subscription fee rate for investors joining this regular fixed amount investment plan is seen in the relevant announcements issued by Bank of China for this plan.
Investors must designate their own RMB settlement account as the deduction account according to Bank of China's rules for the fund fixed investment business, and conduct regular deductions according to the dates specified by Bank of China.
The application acceptance time for this business is the same as the normal subscription business processing time of the funds managed by our company at Bank of China.
Currently, the minimum application share for fund conversion is 1,000 fund units. The minimum holding of fund shares is 100 fund units. If the investor’s remaining shares after converting out are less than 100 units, all shares must be converted out at once. Each single transfer-in application is not subject to the lowest subscription limit of the transferred-in fund.
Currently, front-end charged fund shares can only be converted to other front-end charged fund shares, and back-end charged fund shares can only be converted to other back-end charged fund shares.
When the sum of the net redemption shares and net transfer-out application shares of two open days exceeds 10% of the total shares of the previous open day, it is considered a massive redemption. During massive redemption, the fund transfer-out and fund redemption have the same priority level. The fund manager can decide whether to fully transfer-out or partially transfer-out based on the combination of fund assets. For fund transfer-out and fund redemption, the same proportion confirmation will be used. In the case of partial confirmation of the transfer-out application, the unconfirmed transfer-out application will not be automatically deferred.
The subscription differential fee rate for fund conversion = max [(subscription rate of the transferred-in fund - subscription rate of the transferred-out fund), 0] (i.e., the subscription rate of the transferred-in fund minus the subscription rate of the transferred-out fund, taking 0 if it is positive).
Conversion cost = redemption cost + subscription difference cost
Redemption cost = transfer-out amount × transfer-out fund redemption rate
Subscription difference cost = (transfer-out amount - redemption cost) × subscription difference rate / (1 + subscription difference rate)
Transfer-in amount = transfer-out amount - redemption cost - subscription difference cost
Transfer-in shares = transfer-in amount ÷ transfer-in fund net asset value per unit on the same day