Core Viewpoint - The recent trend in the public fund market is the introduction of conversion services between different share classes of the same fund, allowing investors to adapt their investment strategies and reduce costs based on their needs [1][3]. Group 1: Fund Conversion Services - Multiple fund companies have announced the opening of conversion services for different share classes within the same fund, including Dacheng Fund and Fuguo Fund, which have initiated this service for several of their funds [3][4]. - The conversion service is primarily aimed at meeting the changing investment needs of institutional investors, allowing them to switch from C shares to A shares to save on long-term holding costs or vice versa based on their liquidity needs [3][4]. Group 2: Investor Benefits - The ability to convert between different share classes provides investors with more options to adjust their investments according to market conditions, potentially lowering losses and increasing returns [4]. - For direct sales investors, the conversion costs are relatively low, as Fuguo Fund only requires investors to bear the redemption fees for the outgoing fund, while waiving the subscription differential fees for the incoming fund [4].