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Why aren't all the shares sold by the fund money?
The reason for this is the following:

1. The share and price of the fund are different at the time of subscription/redemption. The subscription/redemption is 1000 copies, but the price is not necessarily 1000 yuan.

2. Certain fees and taxes need to be deducted when the fund is sold, such as redemption fee, management fee and custody fee. These fees will be deducted when the fund is redeemed.

3. When the fund is sold, if it is sold in a short time, you still need to pay personal income tax at a fixed tax rate, which also needs to be deducted when selling.