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Tianhong Fund Management Co., Ltd. Announcement on Reduction of Management Fees and Custodian Fees of Tianhong Bond-type Initiated Securities Investment Funds and Modification of Related Legal Documents

In order to better meet the financial needs of investors, in accordance with the relevant laws and regulations such as the "Securities Investment Fund Law of the People's Republic of China" and the "Tianhong Bond-Initiated Securities Investment Fund Fund Contract" (hereinafter referred to as the "Fund Contract") The relevant agreement of Tianhong Bond-type Initiated Securities Investment Fund (hereinafter referred to as the "Fund"), Tianhong Fund Management Co., Ltd. (hereinafter referred to as the "Fund Manager") and the fund custodian of ICBC Co., Ltd. (hereinafter referred to as the "fund custodian") agreed to reduce the management fees and custody fees of the fund and amend the relevant content of legal documents such as fund contracts accordingly. The adjusted rate will take effect from March 30, 2020. The related matters are announced as follows:

 

One, Plan to reduce management fees and hosting fees

The management fee of the Fund has been reduced from 0.70% to 0.35%.

The Fund's custody fee has been reduced from 0.20% to 0.10%.

Revisions to the Fund Contract

(1) Revision of management fees

The "1. Management fees of fund managers" in "Part II Fund Fund Accrual Methods, Accrual Standards and Payment Methods" in "Part 15 Fund Expenses and Taxes" are replaced by the original:

"The management fee of the Fund is accrued at the annual rate of 0.70% of the fund ’s net asset value on the previous day. The management fee is calculated as follows:

H = E × 0.70% ÷ days of the year

H is the daily accrued fund management fee

E is the net asset value of the fund on the previous day "

change into:

"The management fee of the Fund is accrued at the annual rate of 0.35% of the fund ’s net asset value on the previous day. The management fee is calculated as follows:

H = E × 0.35% ÷ days of the year

H is the daily accrued fund management fee

E is the net asset value of the fund on the previous day "

(2) Amendments to custody fees

The "2. Fund expense accrual methods, accrual standards and payment methods" in "Part 15 Fund Expenses and Taxes" will be replaced by the following:

"The Fund's custody fee is accrued at an annual rate of 0.20% of the fund's net asset value on the previous day. The custody fee is calculated as follows:

H = E × 0.20% ÷ days of the year

H is the daily accrued fund custody fee

E is the net asset value of the fund on the previous day "

change into:

"The Fund's custody fee is accrued at an annual rate of 0.10% of the fund's net asset value on the previous day. The custody fee is calculated as follows:

H = E × 0.10% ÷ days of the year

H is the daily accrued fund custody fee

E is the net asset value of the fund on the previous day "

Important Notes

1. According to the above changes, the fund manager and fund custodian of the Tianhong Bond-type Initiated Securities Investment Fund Fund Contract, the Tianhong Bond-type Initiated Securities Investment Fund Custody Agreement, and the Tianhong Bond-type Initiated Securities The Prospectus for Investment Funds was revised accordingly. The revised legal documents will take effect on March 30, 2020.

2. The content of this amendment belongs to the matters stipulated in the Fund Contract that can be changed by the fund manager and fund custodian through consensus. The relevant procedures have been performed and there is no benefit to the original fund unit holders. Substantial adverse effects.

3. Investors can log on the company's website (livelocity.org) to view the revised legal documents of the fund or call the customer service phone (95046) to obtain relevant information.

 

Risk reminder: The fund manager promises to manage and use fund assets with the principles of good faith, diligence and due diligence, but does not guarantee a certain profit of the fund, nor does it guarantee a minimum return. Investors should read the fund's fund contract and prospectus carefully before investing. Investors are advised to pay attention to investment risk.

Special announcement.

 

Tianhong Fund Management Co., Ltd. March 27, 2010

 

 

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