The second difference is that the performance is different: the fund subscription is bought with the amount, which is converted into the fund holding share. Upon redemption, the fund share is converted into the amount.
In the fund: holding share, available share and reference market value;
1, the fund holding share is the share enjoyed by individuals after purchasing the fund.
For example, if you buy funds today, each fund costs 1 yuan, and you buy 1 10,000 funds, then your share is "1 10,000".
2. The shares held by ordinary investors' funds are available shares, that is, all fund shares that can be sold at the time of redemption.
3. Reference market value: The net value of open-end funds changes at any time. The net value of the fund will be calculated and announced after the market closes every day, but you can only buy or redeem the fund during the trading hours, so the net value of the fund during this period is actually unknown. In order to give investors a reference, there will be a reference market value.
The difference between this reference market value and the final net value of the day is very small. Investors can calculate the profit and loss of their own funds according to this reference market value, and then choose to continue holding or selling.
The fund you buy gets the fund share, which represents the size of your rights and interests. This share can be understood as the number of shares in the stock. Available shares are the number of shares you can trade at present.
Shares to be closed and frozen shares are expressed as "frozen shares" or "unavailable shares" in many places, that is to say, although some transactions have not been confirmed, these shares are displayed and cannot be used in fact.
For example, the fund share you just bought cannot be used, redeemed or converted, and you must wait until T+2, that is, 2 working days to operate;
In addition, the redeemed shares will be displayed as frozen shares before redemption confirmation, which means that this part has been locked because redemption has been applied for.
T- 1 daily net value T- 1 daily market value:
The daily net value of 1 and T- 1 refers to the net value of the last trading day, which can be understood as the latest net value of the fund. The net fund value is the value of each fund, which is the price used by the fund exchange.
2. The market value of t-1is the total value of these fund shares at present. This number is multiplied by the net value of T- 1 and then multiplied by the available shares.