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Does each fund have an off-site venue?
No, only closed-end funds, index funds and LOF funds have on-site and off-site funds, and some closed-end funds will be traded on the stock exchange. At this time, there will be different forms and different places. Index funds include ETF funds, so index funds are off-site funds and ETF funds are on-site funds. After the LOF fund is issued, it can be traded on the exchange and redeemed in the OTC market. Money funds, bond funds, stock funds, etc. All transactions are only over the counter, and there is no on-site form.

OTC funds refer to funds that are not traded on the stock exchange. The fund trades at T+ 1 Buying on the trading day is calculated according to the net value at the close of the buying day. Confirm the shares on the second trading day, and calculate the income after confirming the shares. There is only one transaction price for OTC funds every day.

On-site funds refer to funds traded on the stock exchange. The fund trades according to the real-time market price and follows the principle of price priority and time priority. After the fund is traded, the income will be calculated. On-site funds T+ 1 trade, buy on the trading day and sell on the second trading day.