A: LOF funds sometimes have discounts and sometimes have premiums. In most cases, this discount (or premium) rate will not be too high. Generally speaking, LOF is prone to premium in the process of continuous market rise, and LOF is prone to discount in the process of panic decline. Because LOF can be traded in the primary market and the secondary market at the same time, and the net value is published once a day, this discount premium is generally not too large. If you plan to buy LOF funds in the secondary market, you must go through the relevant procedures for stock trading without opening a fund account. If you plan to buy LOF funds in the primary market, you must open a fund account. Generally, the related expenses in the secondary market are relatively cheaper. Advantages of buying LOF funds in the secondary market: the cost is cheaper than that in the primary market; LOF will be sold soon, sold on the same day and received the next day (postponed on holidays).