Taking Shanxi Trust/Everbest Trends No.1 as an example:
within the promotion period, the number of units from the initial subscription by a principal = initial subscription amount /100. The actual number of units for the trust is calculated and purchased based on the net worth per unit of the trust product on the first opening day following the arrival of the principal’s funds at the dedicated trust asset account within the holding period of the trust. The number of units of a trust product at initial subscription or additional investment is calculated using the following formula:
Number of trust units by a subscription amount = F / W, where F is the amount of funds at initial subscription or additional investment, and W is the net worth per unit on the upcoming opening day.
Taking Shanxi Trust/Everbest Trends No.1 as an example:
The beneficiary has the right to partially or fully redeem their trust units. In the case of partial redemption, the total worth of trust assets held by the beneficiary should be no less than RMB 1 million yuan, as determined by the net worth of the beneficiary’s minimum trust holdings calculated based on their net worth per unit on the nearest valuation day prior to the date of redemption as confirmed by the trustee. In the event that the remainder totals less than RMB 1 million yuan, the beneficiary must redeem the investment in full. Otherwise, the redemption request will be rejected by the trustee. The trust contract between the principal and the trustee terminates upon full redemption by the beneficiary of their trust units.
Taking Ping’an Trust/Jinyun Phase 56 as an example, the fees include subscription fee, management fee, redemption fee and floating management fee.
Subscription fee: 1% of the subscription amount. For example: to make a subscription of RMB 2 million yuan, a payment of RMB 2.02 million yuan should be transferred.
Management fee: 1.7% of the net worth of trust units (inclusive of fixed management fee and bank custodian fee).
Redemption fee: 3% of redeemed amount if redemption made within the semi-lock-up period.
Floating management fee: 20% of the earnings of the trust plan.