Core Viewpoint - Since May, public fund institutions have been actively announcing the addition of new share classes for their funds, as well as enabling the conversion of different share classes within the same fund, which enhances product competitiveness and meets diverse investor needs [1][2][4]. Fund Share Addition - Fund institutions are increasingly adding new share classes, such as C, D, and E shares, to cater to varying investor preferences regarding fees and investment horizons [2][3]. - For instance, on May 28, Xingyin Fund Management announced the addition of C and E share classes for its Xingyin Jufeng Bond Fund, while the original shares were converted to A shares [2]. - The fee structures differ among share classes, with A shares charging subscription fees but not service fees, while C and E shares do not charge subscription fees but have different service fee rates of 0.15% and 0.20% respectively [2][3]. Share Conversion Channel - Several public fund institutions, including Changxin Fund Management and Guohai Franklin Fund Management, have opened conversion channels for different share classes, allowing investors to switch shares based on their investment strategies [4]. - This conversion capability enhances liquidity for investors, reducing transaction costs and time by eliminating the need for redemption before subscription [4]. - The addition of share classes and conversion features is expected to attract more investors, particularly those sensitive to fees or with specific needs, thereby increasing market share for the funds [4].

近年来，为满足投资者的不同投资策略、不同持有期限的需求，公募基金份额越来越"五花八门"，C份 额、D份额等日益常见。基金不同份额合并运作，在投资策略和范围上并无差异，但费率、销售渠道、 申购门槛等方面并不相同，通常情况下，同一基金的不同份额之间无法相互转换。中国证券报记者关注 到，近日多家基金公司公告开通旗下同一基金不同份额类别转换业务。 据了解，此举主要是为了满足投资者在不同投资策略之间切换的需求，尤其是机构投资者持有期限变化 的需求，提升投资者资金使用的灵活性。 ● 本报记者 张舒琳 多只公募基金公告 近年来，越来越多的基金增设C份额，由于收费形式更适合短期投资，C份额备受来自互联网销售渠道 的个人投资者的欢迎，还有一些基金增设了D份额、I份额等。基金的不同份额虽然合并运作，但在费 率、销售渠道、申购门槛等方面存在差异。 例如，A份额通常是申购时一次性收取申购费，持有基金需要超过一定时间才能免赎回费，有利于持有 时间较长的投资者；C份额不收取申购费，只收取销售服务费，按日计提，持有较短时间即可免赎回 费，因此更适合短期投资者；D份额通常是针对直销渠道的机构投资者而设置，方便机构大额资金进 出。 中国证券报 ...