The reporter learned exclusively from the industry that the China Securities Investment Fund Industry Association recently issued the “Notice on Accomplishing the Work of Establishing Investment Adviser Shares for Publicly Raised Securities Investment Funds” to the industry. According to the notice, Class T shares refer to the fund share category established by the fund for individual investors for the fund investment advisory business. Fund managers can set up T shares after comprehensively evaluating the size of the fund, continuous operation capacity, and liquidity management level. If a T share is set for stock funds, it should be completed before November 30. Money market funds do not establish T shares. There are no subscription fees or customer maintenance fees for Class T shares. In principle, Class T share management fees are charged at 60% of the original fund management fee.

The reporter learned exclusively from the industry that the China Securities Investment Fund Industry Association recently issued the “Notice on Accomplishing the Work of Establishing Investment Adviser Shares for Publicly Raised Securities Investment Funds” to the industry. According to the notice, Class T shares refer to the fund share category established by the fund for individual investors for the fund investment advisory business. Fund managers can set up T shares after comprehensively evaluating the size of the fund, continuous operation capacity, and liquidity management level. If a T share is set for stock funds, it should be completed before November 30. Money market funds do not establish T shares. There are no subscription fees or customer maintenance fees for Class T shares. In principle, Class T share management fees are charged at 60% of the original fund management fee.