The net value of the fund is based on the total assets of the fund transaction on that day, minus the total liabilities, such as various costs and fees stipulated in the contract. After liquidation, divide by the total number of fund shares to obtain the net unit value of each fund share.

1. The net value of the fund refers to the net asset value of a fund. The net value of the fund = (total fund assets - total fund liabilities) / total number of issued fund shares. Usually, when investors purchase funds at different times, the calculation of the fund's net value is also different. If the purchase is made before 15:00 on the trading day, the net value of the fund will be calculated based on the closing net value of the fund on that day; if the transaction is made after 15:00 on the trading day, the net value of the fund will be calculated based on the net value of the fund at the closing of the next trading day.

2. The algorithm of fund valuation is relatively complex. The valuation platform will build a valuation model based on the annual report, semi-annual report, quarterly report, industry information, stock holding ratio and other factors published regularly by the fund to evaluate the fund. value calculation.

1. Fund buying and selling is subject to trading time restrictions

The trading time of funds is limited. There is no trading on Saturdays, Sundays and national statutory holidays, which are "non-trading days" for the Fund. Trading days (also known as "T") refer to Monday to Friday except holidays, and trading hours are 9:30-11:30 am and 1:00-3:00 pm.

Although online transactions can be conducted 24/7, it is actually an appointment, and the transaction cannot be completed or confirmed until the nearest trading time.

If you purchase or redeem a fund on a non-trading day, such as the weekend, it will be postponed to the trading day. Therefore, if you purchase or redeem a fund after 3 pm on Friday, it will not be confirmed until the following Tuesday. , the profit and loss cannot be checked until next Wednesday.

If the subscription is made on the last trading day before the long holiday, whether the transaction is before 3 o'clock or after 3 o'clock, the fund company will only confirm the subscription after the long holiday, and the profit and loss cannot be checked during the confirmation period.

2. There is a difference in buying and selling before and after 3 p.m.

Funds are different from stocks. Transactions at any time point before 3 p.m. on the trading day will be calculated based on the net value after the closing of the day. It doesn’t matter whether you bought it in the morning or in the afternoon, or whether you bought it at the high point of the day or at the low point of the day.

When you buy a fund, the net value you see is the net value of the previous trading day. The net value of the fund you purchased will not be known until the net value of the fund is updated after the market closes. That is to say, when you buy a fund, you actually don’t know at what price you will buy it.

If you buy before 3 o'clock on the trading day ("T"), you can press the net value of that day (usually after 8 o'clock in the evening, you can check the net value of the day after the net value is updated); if you buy after 3 o'clock on the trading day, you can press the next transaction The net value on the day (T+1). The specific information is subject to the information confirmed after the fund is purchased.

So, if you purchase or redeem a fund before 3 o'clock on the trading day, the transaction on that day will be counted, confirmed on the next trading day (T+1), and the profit and loss will be checked on the next trading day (T+2).

Purchasing or redeeming a fund after 3 o'clock on the trading day will be counted as a transaction on the next trading day (T+1), and will not be confirmed until the next trading day (T+2) before the next transaction. Profit and loss can only be viewed on day (T+3).