Group 1 - The core point of the announcement is that Chuangjin Hexin Fund Management Co., Ltd. has collaborated with China Merchants Securities Co., Ltd. to offer a fee rate discount for the Chuangjin Hexin Dividend Selection Quantitative Stock Mixed Securities Investment Fund starting from June 25, 2025 [1][2] - The applicable fund for the fee rate discount is the Chuangjin Hexin Dividend Selection Quantitative Stock Mixed Securities Investment Fund [1] - The fee rate discount will be available from the date of the announcement until the end date specified by China Merchants Securities [1] Group 2 - Investors can enjoy a front-end subscription fee rate discount when purchasing or making regular investment in the fund through China Merchants Securities, with specific details to be determined by China Merchants Securities [1] - The interpretation rights of the fee rate discount activity belong to China Merchants Securities, which also reserves the right to change the content of the discount activity without further announcement [1] - Investors are encouraged to consult the customer service hotline or official website of China Merchants Securities for more details regarding the fee rate discount activity [1]

其中，东方红核心价值混合A由东方红资管"老将"周云掌舵，Wind数据显示，周云管理的东方红京东大数据A和东方红新动力A任职回报率分别为196.86%和 178.04%。值得注意的是，此前东方红资管以自有资金1000万元认购该基金，并承诺锁定三年，这一举措向市场传递出强烈信心。从销售节奏看，该基金仅 用9个交易日便完成募集，创下浮动费率基金最快募集纪录。 易方达成长进取混合A则以4.73万户的认购户数成为首批浮动费率产品中触达最广泛投资者的"人气王"，户均认购金额仅3.6万元，基金经理刘健维个人认购 超百万份，其管理的易方达科讯混合基金过去五年累计收益率达20.49%。 平安价值优享混合A凭借15034户认购户数紧随其后，该产品由何杰管理，记者注意到，何杰管理的平安价值远见混合基金今年以来收益率达10.84%，显著 跑赢基准。产品设计上，该基金采用"持有期+业绩报酬"双阶梯收费模式，当持有期满一年且年化收益超6%时，管理费率阶梯式提升，这种设计既鼓励长期 持有，又强化了管理人与投资者的利益绑定。 尾部产品遇冷：博时卓睿成长规模不足3亿 近日，多家公募基金相继发布公告称，旗下新型浮动费率基金正式成立。据统计，截至 ...

Group 1 - JD Finance has launched a new initiative allowing PLUS members to purchase funds without any subscription fees, marking a significant move in the fund distribution sector [1][2] - The initiative is part of a broader trend where major internet platforms are reducing fund subscription fees, with JD's action being one of the most substantial in recent years [1][8] - The China Securities Regulatory Commission's recent action plan aims to lower investor costs, which aligns with JD's strategy to reduce the cost of fund purchases for investors [1][6] Group 2 - PLUS members can enjoy unlimited fund purchases with zero subscription fees, although trial members do not qualify for this benefit [3][4] - The fee waiver applies to purchases made through the JD platform, with certain exceptions for new funds and specific transactions [3][4] - The fee reduction can save investors significant amounts; for example, a 1.5% subscription fee on a 100,000 yuan investment would save 1,500 yuan [5] Group 3 - The effectiveness of the "0 subscription fee" initiative in attracting new customers remains uncertain, as the financial channel on JD's main app is not prominently featured [6][7] - While the initiative may enhance the value of the PLUS membership and encourage renewals, attracting new users may require additional resources [6][7] - As of the end of last year, JD's fund sales company held 126.3 billion yuan in non-monetary market fund assets, ranking 20th in the industry [7] Group 4 - The trend of lowering fund subscription fees is becoming widespread, with various banks and platforms implementing similar measures to enhance competitiveness [8][9] - The market is expected to see a long-term decline in fund fees as competition intensifies among different distribution channels [9]

自2003年进入中国以来，晨星始终将全球方法论与本土市场洞察深度结合，作为国内唯一具备基金 评级资格的外资机构，持续为中国投资者提供独立客观的研究支持 。 在晨星（中国）2025年度投资峰会上，晨星全球基金研究主管Laura Lutton女士发表了题为《晨 星投研如何助力投资者体验提升》的主旨演讲。她强调了晨星始终秉持三大投资准则：以投资者 为核心；秉持基本面分析方法；相信费用至关重要。 Laura女士也重点分享了晨星为提升投资者体验而进行的三项关键研究的最新成果：《基金费率与 未来成功率研究》、《主被动晴雨表研究》以及首次在中国发布的《投资者回报差研究》。 晨星的故事始于20世纪80年代的美国。当时，27岁的股票分析师乔·曼苏托（Joe Mansueto）深受 沃伦·巴菲特投资理念的启发，他意识到普通投资者与专业人士之间存在很大的信息鸿沟，这是不公 平的。为赋能所有投资者，1984年，他在芝加哥公寓里创办了晨星公司（Morningstar）。 晨 星 的 公 司 名 源 自 《 瓦 尔 登 湖 》 的 一 句 话 ： " 太 阳 只 是 一 颗 晨 星 （ The sun is but a morning ...

Group 1 - The core point of the announcement is that Rongtong Fund Management Co., Ltd. has signed a sales agreement with CITIC Bank Co., Ltd. to add CITIC Bank's "CITIC Interbank+" financial service platform as a sales institution for certain open-end funds starting from June 13, 2025 [1][7] - Investors will enjoy a discount on the subscription fee rates when purchasing the specified funds through the CITIC Interbank+ platform, with specific discount rates to be announced by the platform [1][2] - The fee discount applies only to the front-end charging model of the funds that are in the normal subscription period and does not include back-end charging model fees or subscription fees for funds in the fundraising period [1][3] Group 2 - The end date of the fee discount activity will be determined by the announcement from the sales institution, and no further announcements will be made by the company [2] - Investors are encouraged to read the relevant legal documents such as the "Fund Contract" and "Prospectus" for detailed information about the funds [4] - Contact information for inquiries includes the customer service hotline for CITIC Bank and Rongtong Fund Management Co., Ltd. [5]

新发浮动费率基金深度观察：非对称上下浮动，锚定基准不放松 ——《推动公募基金高质量发展行动方案》研究学习系列 3 评级： 增持（维持） 执业证书编号：S0740525040002 Email：geyx01@zts.com.cn 分析师：蒋峤 执业证书编号：S0740517090005 Email：jiangqiao@zts.com.cn | 上市公司数 | 83 | | --- | --- | | 行业总市值(亿元) | 70,492.15 | | 行业流通市值(亿元) | 68,046.25 | 配金融股的观察——《公募基金高质 量发展行动方案》研究观察系列 2》 2025-05-30 述》2025-05-21 3、《迎接公募基金的重塑与破局》 2025-05-15 非银金融 证券研究报告/行业点评报告 2025 年 06 月 11 日 报告摘要 请务必阅读正文之后的重要声明部分 分析师：葛玉翔 首批浮动管理费公募基金问世，新发产品数量占比约七成。我们通过 Wind 基金日历 功能截取了自 5 月 27 日首只浮费基金问世起所有新发基金，其中浮动管理费率基金 分 4 批开始认购，共 24 只，均为主动权益类 ...

Core Viewpoint - The public fund industry is experiencing a significant reduction in fee rates, with over 200 funds lowering their rates this year, and more than 1000 products reaching the industry's lowest fee standards [1][2]. Group 1: Fee Reduction Trends - Multiple fund companies, including Southern Fund, Jianxin Fund, and CITIC Jian Investment, have announced fee reductions since June, showcasing a variety of fund types affected, including equity, mixed, bond, and money market funds [2][3]. - Specific examples of fee reductions include the management fee of the Dongcai Growth ETF dropping from 0.5% to 0.15%, and the management fee of the Southern Anyi Mixed Fund decreasing from 1% to 0.6% [2][3]. - A notable trend is the simultaneous reduction of both management and custody fees in some products, such as Jianxin Stable Growth Bond C, which saw its management fee cut from 0.7% to 0.3% and custody fee from 0.2% to 0.1% [3]. Group 2: Industry Impact and Future Outlook - The combination of "management fee 0.15% + custody fee 0.05%" is now considered the industry's lowest fee tier, with the number of related products increasing by 20% to 1008 since the beginning of the year [4]. - The fee reduction is expected to lower investors' holding costs, enhancing their engagement and participation in the market, while prompting fund companies to shift focus from high fee reliance to improving research capabilities and product innovation [4][5]. - The ongoing fee reform is a response to regulatory calls for lowering costs and is seen as a necessary step for the industry to prioritize investor interests [5][6]. Group 3: Competitive Strategies - Fund companies are encouraged to enhance their core competitiveness through improved research capabilities, with average management fees for bond funds at 0.857% and custody fees at 0.154% [6]. - The competition in the index fund sector is intensifying, with some management fees dropping to 0.15%, while active equity funds seek a balance between reasonable returns for managers and product attractiveness [6]. - Differentiated services, such as investment advisory and investor education, are crucial for fund companies to enhance competitiveness and build long-term trust with investors [7].

登录新浪财经APP 搜索【信披】查看更多考评等级 一、召开会议基本情况 根据《中华人民共和国证券投资基金法》（以下简称"《基金法》"）、《公开募集证券投资基金运作管 理办法》和《建信稳定鑫利债券型证券投资基金基金合同》（以下简称"《基金合同》"）的有关规定， 建信稳定鑫利债券型证券投资基金（以下简称"本基金"）的基金管理人建信基金管理有限责任公司（以 下简称"基金管理人"或"本基金管理人"）决定以通讯方式召开本基金的基金份额持有人大会，会议的具 体安排如下： 1、会议召开方式：通讯方式。 2、会议投票表决起止时间：2025年6月12日至2025年7月8日17:00时止（以本公告列明的公证机构收到 表决票时间为准）。 3、会议计票日：2025年7月9日。 4、会议通讯表决票的寄达地点： 公证机构：北京市长安公证处 收件人：陆晓冬 联系地址：北京市东城区朝阳门北大街六号首创大厦七层 投票咨询电话：65543888--8066 邮政编码：100027 请在信封表面注明："建信稳定鑫利债券型证券投资基金基金份额持有人大会投票专用"。 投资人如有任何疑问，可致电本基金管理人客户服务电话400-81-95533（免长途通 ...

6月4日，南方基金也公告称，自2025年6月9日起，调低南方安颐混合管理费率及托管费率并对基金合同有关条款进行修 订，其中，管理费率由1.0%调低至0.6%，托管费率由0.2%调低至0.1%。 近期，又一批基金降费。 进入6月，已经有近10只基金官宣降费，其中以债券型产品居多。 6月5日，中信建投基金公告称，经与基金托管人宁波银行协商一致，公司决定自2025年6月9日起，将中信建投稳泰一年 定开债的托管费率由0.1%调降至0.05%，并对合同、协议有关条款进行修订。 同日，浙商证券资管公告称，经与托管行兴业银行协商一致，浙商汇金聚兴一年定开债券自6月5日起将托管费率由0.15 调低至0.08%。 6月4日，建信基金公告称，经与基金托管人中国工商银行协商一致，公司决定自2025年6月6日起，调低建信稳定增利债 券的管理费率和托管费率。其中，管理费年费率由0.7%下调为0.3%；托管费率由0.2%下调为0.1%。 6月以来，还有东兴安盈货币基金、东方臻萃3个月定开债券、嘉合磐恒债券、南方安颐混合等先后调整费率。其中，管 理费率调整至0.18%—0.5%，托管费率降低至0.05%。另有多只公募大集合产品也相应调低了 ...

为满足广大投资者的理财需求，经与信达证券股份有限公司（以下简称"信达证券"）协商一致，宏利基 金管理有限公司（以下简称"本公司"）决定自2025年6月6日起，旗下部分基金参加信达证券申购（含定 期定额投资申购）费率优惠活动，具体情况如下： 投资者通过信达证券办理本公司旗下指定基金的申购（含定期定额投资申购）业务，参加信达证券的费 率优惠活动，具体费率折扣以信达证券信息为准，原申购（含定期定额投资申购）费率为固定费用的， 则按固定费用执行，不再享有费率折扣。具体各基金原费率参见该基金最新更新的招募说明书及相关公 告。 费率优惠期间，如本公司新增通过信达证券代销的基金产品，则自该基金销售之日起，将同时开展该基 金的上述优惠活动。 四、重要提示 1、本费率优惠仅适用于本公司在信达证券申购业务的手续费，包括定期定额投资申购业务的手续费 （各基金定投开通情况以我司最新公告为准），不包括基金认购、赎回、转换业务等其他业务的手续 费。 一、费率优惠适用范围 费率优惠适用于信达证券代销的本公司基金产品。 二、费率优惠时间 费率优惠活动自2025年6月6日起开展，优惠活动截止时间以信达证券为准，敬请投资者留意其相关信 息。 三 ...