Sub-shares of closed-end funds, listed open-end funds, transactional open-end index funds and graded funds. According to the inquiry, it is known from the question bank that the types of funds that do not need to disclose the listing announcement are closed-end funds, listed open-end funds, transactional open-end index funds and graded fund sub-shares. This sentence comes from the chapter of laws and regulations in 2022. A fund in a broad sense refers to a certain amount of funds set up for a certain purpose.