Tianhong Yu'ebao recently lowered the investment limit of a single account again, but two B-type goods funds here have quietly lowered the threshold for starting purchase: Southern Tiantianli B (003474), which originally had a starting purchase amount of 5 million yuan, can now be purchased for 100 yuan; GF Tiantian Red Currency B (002183), which had a threshold of 200 million yuan, has now been lowered to 1 cent for starting purchase.
So, why are ordinary Class B money funds so "arrogant"? What is the difference between the Class A money funds we usually buy? Let's first look at the table below:
| Fund code | Fund name | Starting purchase amount (yuan) | Seven-day annualized income (%) | ||||
| 003473 | Nanfang Tiantianli A | 0.01 | 4.5880 | ||||
| 003474 | Nanfang TiantianliB | 100 | 4.8360 | ||||
| 000389 | Guangfa Tiantian Red Currency A | 1 | 4.4510 | ||||
| 002183 | 0.01 | 002183 | 0.01 | 002183 | 0.01 | 0.01 | 4.7030 |
It is not difficult to find that a money fund's Class B returns are much higher than its corresponding Class A products. Although Class A and Class B of money funds are essentially the same fund products and are invested in a unified manner, the difference in fee withdrawal causes differences in returns. Money funds generally do not charge subscription and redemption fees. In addition to the management and custody fees, also charge sales and service fees. Sales service fees are like management fees and custody fees, and they are also charged from fund assets every day. Therefore, the Class B shares that charge lower sales service fees have higher returns than Class A shares.
So we can think that the B-class share of money base is set up for more than 5 million large funds, and serves institutional customers by raising thresholds and reducing fees. This time, Southern and GF lowered the threshold for their Class B money market funds, which can also be regarded as giving us small scattered benefits~
In addition to the A\B that distinguishes the threshold, there are many C\D\E\F in the market... We dug out all more than 500 money fund products with different shares and found the suffix of these shapes (qi) shapes (qi) color (guai) color (guai).
Guojin Jintengtong Currency C, on the basis of Class A shares charge, the value-added service fee rate is charged 0.75%;
Huitianfu Currency Class A\B supports on-site trading and off-site redemption, while C\D shares are only limited to off-site redemption, and the share registration agencies are also different;
Minsheng plus silver cash profit-increasing currency has different income, and its A\B shares settle monthly income, and the D shares settle daily income, because more management fees and custody fees are withdrawn (fund fees are withdrawn daily, and the fees withdrawn when the monthly interest is settled are It is recorded as a liability, so the assets participating in the withdrawal fee have also decreased), and the sales service fee rate of Class D is lower than that of the ordinary Class A\B; similarly, the Class I shares of Guotou UBS Money Duobao currency are settled on a monthly basis, and Class A shares are settled on a daily basis;
Bank of Communications Many currency products under Schroder Fund use Class E instead of Class B to distinguish the starting and purchase threshold;
Southern Cash Increase Profit Class E\F, E Fund Wealth Express, and Cathay Cash Management Currency R represents purchases through designated channels.
… …
In short, in addition to most B-class B representing "institutional exclusive", the different "little tail" behind the name of the money base may mean that the redemption method, income carry-over method, service fee rate or purchase channels vary greatly, and sometimes it will also affect the income . When you encounter a stock fund with unknown suffix, it is best to check its recruitment instructions and choose a share that suits you to buy. A good thing like the "pie falling from the sky" such as the Class B stock fund lowering the threshold may be discovered by you.
__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________Yinglibao has the mission of making users "more profitable". With the group's research and technical strength, it provides investors with one-stop intelligent investment financial advisory service .
Disclaimer: The yield data is for reference only. Past performance does not indicate future performance and does not constitute investment advice. Investors act on this basis at their own risk. The market is risky, so be cautious when investing.
Disclaimer: The yield data is for reference only. Past performance does not indicate future performance and does not constitute investment advice. Investors act on this basis at their own risk. The market is risky, so be cautious when investing.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-