During the fund issuance period, that is, the subscription period, all subscriptions are 1 yuan, and the subscription rate is also very low. After that, it will be closed for about 1 month, so you can't buy it, but you can sell it. After the opening period, you can buy and sell freely. At this time, the investment object of the fund brings income to the fund, and the total income will be distributed to each fund, making the net value of the fund higher than one yuan at the time of subscription. If it is a loss, it will also be distributed, so that the net value of the fund will be less than one yuan.

Split means that when the net worth is high, the number of shares is increased according to a certain coefficient, and the net worth is reduced. For example, if a fund is split by a factor of 3, the net value of each share will be reduced to 1 yuan, with a total share of 900 million shares and total assets unchanged. Although each fund company says how good the split is, in fact, under the condition that the total assets have not changed, the assets of fund holders have not risen, and subscribers can buy more shares with less money, and the absolute change of fund net value will be smaller than before. Assume that the total assets of the fund rose/fell by 65,438+00% in the previous 3 yuan, with an absolute change range of three angles. Now the total assets are also 10% up/down, and the absolute change range is only 1 angle. In short,