Trading of ETF funds is divided into on-site and off-site.
(1) Trading commissions are charged for floor trading, which are generally consistent with ordinary stock trading and do not exceed three thousandths of the trading amount. The actual transaction commission is subject to the sales department, and stamp duty is not charged for selling. On-site trading is purchased through the secondary market at the market price, and the purchase price is determined through negotiation between the buyer and the seller, which may be different from the net value of the fund at that time.
(2) Apply for redemption in the venue, collect subscription fees and redemption fees, and follow the regulations of the fund company. You need to use a "basket of stocks" to purchase, and the account needs to have enough stocks and cash to replace it. The ETF subscription amount is relatively large. See the fund announcement for details.
(3) OTC trading of ETF linked funds. The Fund invests most of its assets in ETFs, closely tracks the performance of the underlying index, and redeems it through OTC subscription. The subscription fee and redemption fee shall be collected in accordance with the provisions of the fund company. Some foundations have discounts. See the software fund transaction details page for details. Purchase amount to determine the final net share value.
With the disclosure of Public Offering of Fund's financial report in the fourth quarter of 2022, the allocation direction of public offering assets surfaced,