Announcement date: August 22, 2019
1 Basic information
2 Processing time for daily subscription and redemption business
Investors apply for subscription and redemption of fund shares on the open day. The specific processing time is Shanghai Stock Exchange and Shenzhen Stock Exchange's normal trading day trading time, except when the fund manager announces that subscription and redemption will be suspended in accordance with laws and regulations, the requirements of the China Securities Regulatory Commission or the provisions of the fund contract. After the fund contract takes effect, if a new securities trading market, stock exchange trading hours change or other special circumstances occur, the fund manager will make corresponding adjustments to the above-mentioned opening days and opening hours depending on the circumstances, but should announce it on the designated media in accordance with the relevant provisions of the "Information Disclosure Measures" before the implementation date.
Fund managers shall not apply for subscription, redemption or conversion of fund shares on a date or time outside the fund contract. If an investor submits an application, redemption or conversion application on a date and time outside the fund contract and the registration agency confirms acceptance, the subscription, redemption or conversion price of his fund shares shall be the price of subscription, redemption or conversion of the fund shares on the next open day.
3 Daily subscription business
3.1 Restriction adjustment of subscription amount
1① Starting from August 23, 2019, the minimum amount of single subscription for investors to subscribe to this fund has been adjusted from 10.00 yuan (including subscription fee) to 1.00 yuan (including subscription fee). That is, the minimum amount of a single transaction for the first subscription and additional subscription of investors will be adjusted to 1.00 yuan.
② The minimum amount of a single subscription for direct sales institutions of this fund manager is still 10.00 yuan (including subscription fee), and no adjustments will be made. If other sales institutions other than direct sales institutions have other provisions on the minimum subscription amount and transaction difference of this fund, the business regulations of each sales institution shall prevail.
③The manager of this fund will update the above content when the fund has updated the prospectus for the latest update.
④ This fund does not limit the upper limit of fund shares accumulated by a single investor, unless otherwise provided by laws and regulations or the China Securities Regulatory Commission.
⑤ Fund managers may adjust the quantity limits of the subscription amount specified above as permitted by laws and regulations. Fund managers must announce and report to the China Securities Regulatory Commission for filing in accordance with the relevant provisions of the "Information Disclosure Measures" before adjustment and implementation.
3.2 subscription fee
subscription fee is borne by the investor who subscribes to this fund and is charged when the investor subscribes to the fund shares. It is not included in the fund property and is mainly used for various expenses such as marketing, sales, registration and settlement of this fund.
The subscription fee rate of this fund is as follows:
3.3 Other matters related to subscription
Fund managers may adjust the fee rate or charging method within the scope agreed in the fund contract, and shall announce it on the designated media at the latest in the new fee rate or charging method in accordance with the relevant provisions of the "Information Disclosure Measures" at the latest date before the implementation of the new fee rate or charging method.
Fund managers may formulate fund continuous marketing plans based on market conditions without violating laws and regulations, without substantial adverse impact on the interests of fund share holders , and do not violate the fund contract agreement, and carry out fund continuous marketing activities regularly and irregularly. During the fund's continuous marketing activities, the fund manager may appropriately reduce the fund sales expenses to investors after completing the necessary procedures as required by the relevant regulatory authorities.
4 Daily redemption business
4.1 Redemption share limit adjustment
① Starting from August 23, 2019, the minimum share of a single redemption application for investors to redeem the fund has been adjusted from 10.00 to 1.00, that is, the minimum number of shares of a single redemption application is 1.00, and the fund share holders can redeem all or part of their fund shares. If the fund shares retained by the sales institution when a certain fund share holder redeems less than 1.00 funds, they must be redeemed together during this redemption.
② The minimum number of redemptions for the direct sales institution of this fund manager is still 10.00 copies, and no adjustments are made. If other sales institutions other than direct sales institutions have other provisions on the minimum redemption share of this fund, the business regulations of each sales institution shall prevail.
④ This fund does not limit the minimum fund share balance of each fund trading account of the investor, but if each sales institution has other regulations on the minimum share balance of the fund trading account, the business regulations of each sales institution shall prevail.
⑤ Fund managers may adjust the quantity limits for redemption shares as permitted by laws and regulations. Fund managers must announce and report to the China Securities Regulatory Commission for filing in accordance with the relevant provisions of the "Information Disclosure Measures" before adjustment and implementation.
4.2 Redemption Fees
Redemption Fees are borne by the fund share holders who redeem the fund share and are charged when the fund share holders redeem the fund share. The redemption fee charged by this fund for fund share holders whose holding period is less than 7 days will be fully included in the fund property; the redemption fee charged by fund share holders whose holding period lasts longer than or equal to 7 days will be included in the fund property, and the part that is not included in the fund property will be used to pay the registration fee and other necessary handling fees.
The redemption fee rate of this fund is as follows:
(Note: The calculation of the holding time of redemption shares is calculated based on the registration date of the registration agency.)
4.3 Other matters related to redemption
5 Daily conversion business
"Fund conversion business" refers to an investor who can directly convert the fund shares held by the fund manager after a sales institution holds open-end fund shares managed by Guotai Fund Management Co., Ltd. (hereinafter referred to as this fund manager) to the cost of other open-end fund shares managed by the fund manager and sold by the same sales institution, without having to redeem the fund shares already held first and then subscribe to the target fund. Fund conversion business is applicable to all individual investors, institutional investors, qualified overseas institutional investors and qualified overseas institutional investors of RMB who have purchased any fund shares managed by the fund manager at the same sales institution.
5.1 conversion fee
fund conversion fee consists of two parts: the subscription fee difference between the transfer and transfer funds and the redemption fee of the transfer funds. The specific charging situation depends on the difference between the subscription fee rate and the redemption fee of the two funds at each conversion. Fund conversion costs are borne by the fund share holders.
5.1.1 Transfer to fund subscription subsidy fee: Refund fee is charged according to the difference between the subscription fee rate between the transferred fund and the transferred fund. If the transfer fund subscription fee rate corresponding to the amount of the transferred fund is lower than the subscription fee rate of the transferred fund, the difference rate is the difference between the transfer fund and the transfer fund; if the transfer fund subscription fee rate corresponding to the transfer fund is higher than or equal to the subscription fee rate of the transferred fund, the difference fee is zero.
5.1.2 Redemption fee for transferring funds: The redemption fee is charged according to the redemption fee rate when the transferring funds are normal.
5.2 Other matters related to conversion
5.2.1 Cathay Huifeng Pure Bond Bond Securities Investment Fund can support conversion of the following products under this fund manager:
Note: (1) The conversion cannot be carried out between the same fund A/C charging modes.
(2) If the conversion business involves the fund where China Securities Depository and Clearing Co., Ltd. is the registration agency, it is limited to processing through the direct sales counter channel of this fund manager.
5.2.2 Calculation formula for conversion shares
There is no special agreement in the fund contract. The conversion fee of the fund is adopted by the "compensation fee for transferring and transferring funds + redemption fee for transferring funds" algorithm. The calculation formula is as follows:
net transfer amount = B×C×(1-D)/(1+G)
conversion difference fee = [B×C×(1-D)/(1+G)] ×G
transfer share = net transfer amount / E
where B is the transferred fund shares;
C is the net value of the fund shares transferred from the fund on the day of the conversion application ;
D is the corresponding redemption rate of the transferred fund;
G is the corresponding subscription compensation rate. When the subscription fee rate of the transferred fund is higher than the subscription fee rate of the transferred fund, the subscription compensation fee rate G is zero;
E is the net value of the fund shares transferred to the fund on the day of the conversion application.
The redemption fee is charged according to the redemption rate at the normal redemption of the fund.
fund conversion fee shall be borne by the fund share holder.The fund manager may adjust the fund conversion rate according to market conditions, and the adjusted fund conversion rate should be announced in a timely manner.
For example: a fund share holder holds 100,000 fund shares of the Cathay Golden Dragon Industry Selected Securities Investment Fund, with a holding period of 100 days. It is decided to convert it to Cathay Golden Eagle Growth Flexible Allocation Mixed Securities Investment Fund. Assuming that the net value of the transfer fund (Catha Golden Dragon Industry) on the day of conversion is 1.200 yuan, the net value of the transfer fund (Catha Golden Eagle Growth) shares is 1.300 yuan, the corresponding redemption rate of the transfer fund is 0.2%, and the transfer fund subscription compensation fee is 0.3%, then the conversion share available is:
net transfer amount = 100,000×1.200× (1-0.2%)/(1+0.3%) = 119,401.79 yuan
conversion compensation fee = [100,000×1.200×(1-0.2%)/(1+0.3%)] ×0.3%=358.21 yuan
transfer share = 119,401.79 / 1.300=91,847.53
That is: a fund share holder holds 100,000 fund shares of the Cathay Golden Dragon Industry Selected Securities Investment Fund, with a holding period of 100 days, and decides to convert it to the Cathay Golden Eagle Growth Flexible Allocation Mixed Securities Investment Fund. Assuming that the net value of the fund transferred on the day of the conversion is 1.200 yuan and the net value of the transferred shares transferred on the fund is 1.300 yuan, the conversion shares available are 91,847.53.
Note: The calculation result of the transfer share is rounded and retained to the two decimal places.
The redemption rate and subscription rate involved in calculating fund conversion fees are both executed at the normal rate.
If one of the subscription fees for transferring and transferring funds is a fixed value and the other is a proportional value, and cannot be calculated based on the difference, the subscription fee 1,000 yuan subscription fee paid when the original fund is subscribed will no longer be deducted.
5.3 Business rules for fund conversion
① Fund conversion can only be handled in the same sales institution. The sales institution must also act as agent for the sales of the funds to be transferred out and the funds to be transferred into. The funds to be transferred out and the funds to be transferred into have already opened conversion business in the sales institution.
② Fund conversion is applied for in units of shares. When investors handle fund conversion business, the funds of the transferee must be in a redeemable state, and the funds of the transferee must be in a subscribed state.
③ Fund conversion adopts the unknown price method, that is, it is calculated based on the net value of the fund shares transferred out and transferred to the fund on the day of application acceptance.
④Under normal circumstances, the fund registration agency will confirm the validity of the fund conversion business application of investors on T+1 on T+1. After T+2 days (including that day), investors can check the sales agency for confirmation of fund conversion.
⑤ The minimum application for fund conversion is 1.00. For details, please refer to the relevant announcements and regulations for the minimum application share for each fund conversion. If an investor holds a single fund share in a single sales outlet less than the regulations, it must be transferred out in full at one time. A single transfer application is not subject to the minimum subscription limit for transfer funds. The minimum share of the direct sales agency of this fund manager for a single conversion of this fund is 100.00. If other sales institutions other than direct sales institutions have other provisions on the minimum conversion share of this fund, the business regulations of each sales institution shall prevail.
⑥ When the sum of the net redemption shares and net transfer application shares of a single open day fund exceeds 10% of the total share of the previous open day fund, the huge redemption of is . When a huge redemption occurs, the fund transfer and fund redemption have the same priority. The fund manager may decide to transfer in full or partially according to the fund asset portfolio, and the same proportion will be confirmed for fund transfer and fund redemption. However, when the huge redemption is confirmed in proportion, the unrecognized shares converted by the fund will not be subject to delayed redemption.
⑦ The holding period of the transferred fund by the holder is calculated from the date of transfer confirmation.
⑧ Cross-TA fund conversion refers to the business managed by the same fund manager and converted between funds registered between China Securities Depository and Clearing Co., Ltd. and the fund manager. It is an expansion function for the conversion between funds registered by the same registration institution. All conversion rules comply with the fund conversion business rules agreed in relevant fund legal documents.
5.4 The situation of suspending fund conversion and handling of
fund conversion is deemed to be redemption of the transfer fund and subscription of the transfer fund. Therefore, the relevant provisions on suspension of fund conversion and subscription of the transfer fund and subscription of the transfer fund shall be subject to the suspension of the transfer fund or refusal of subscription or redemption.
5.5 Important Tips
① Fund conversion can only be carried out in the same sales institution. The two funds converted must be funds managed by the fund manager sold by the sales institution, and the funds to be transferred out and the funds to be transferred have been opened for conversion business at the sales institution.
②The conversion business regulations for the newly issued funds under this fund manager shall prevail with the announcement at that time.
③For matters regarding the handling of fund conversion business through the online trading platform of this fund manager, please refer to the relevant business rules or announcements of fund online trading published by this fund manager.
④ The manager of this fund has the right to adjust the above-mentioned conversion procedures and relevant restrictions based on changes in market conditions or laws and regulations, and announce it in at least one information disclosure medium designated by the China Securities Regulatory Commission in accordance with the relevant provisions of the "Information Disclosure Management Measures" before the implementation date.
⑤The right to interpret the conversion business rules of funds managed by this fund manager belongs to the fund manager.
6 Regular fixed-quota investment business
"Regular fixed-quota investment plan" refers to a long-term investment method in which investors apply through the sales institution designated by the fund manager, agree on the deduction time, deduction amount and deduction method for each period, and the designated sales institution will automatically complete the deduction and fund subscription application in the investor's designated bank account on the agreed deduction date for each period. The regular fixed subscription fee rate is the same as the ordinary subscription fee rate. The sales institution will deduct the deposit according to the fixed deduction date and deduction amount agreed upon when applying with the investor. If it is not a fund trading day, whether the deduction will be postponed shall be subject to the specific regulations of the sales institution.
The minimum deduction amount for each period of regular fixed investment of this fund is RMB 1.00 (including subscription fee).
The minimum amount of deduction for each period of regular and fixed investment by the direct sales agency of this fund manager is RMB 10.00 (including subscription fee). Whether each sales agency other than direct sales agencies will open regular fixed-quota investment business and the minimum amount of deduction for each period of regular fixed-quota investment shall be subject to each sales agency. The specific procedures shall be subject to the relevant regulations of each sales agency. The specific deduction method shall also be subject to the relevant business rules of each sales agency.
7 Fund sales institution
7.1 Direct sales institution
① direct sales counter of Guotai Fund Management Co., Ltd.
Address: 16th-19th floor, Jiayu Building, Building 8, Gongping Road, Hongkou District, Shanghai
Customer service line: 400-888-8688, 021-31089000
Fax: 021-31081861 Website: www.gtfund.com
② direct sales electronic trading platform
Investors can use the online trading page to log in to the online trading page of the Guotai Fund electronic trading platform https://etrade.gtfund.com to subscribe to this fund, and provide 7×24-hour subscription service during the subscription period.
Smartphone APP platform: iphone trading client, Android trading client
"Caotai Fund" WeChat trading platform
Tel: 021-31081738 Contact: Li Jingshu
7.2 Other sales institutions
CICC Securities Co., Ltd. , Everbright Securities Co., Ltd. .
Risk warning: This fund manager promises to manage and use fund assets with the principles of honesty, trustworthiness, diligence and responsibility, but does not guarantee the fund's profits or the minimum return. When investing in funds managed by the fund manager, investors should carefully read legal documents such as the "Fund Contract" and "Recruitment Prospectus" to understand the details of the fund products, choose funds that match their risk identification and risk tolerance, and pay attention to investment risks.
hereby announce
Guotai Fund Management Co., Ltd.
August 22, 2019
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