The subscription amount of closed-end funds shall be converted into fund shares according to the subscription amount. For example, if an investor subscribes for a closed-end fund with a net value of 1 yuan, then the investor can get 10000 fund shares. When the fund is bought, it is bought according to the amount, and when the fund is redeemed, it is sold according to the share.

Closed-end fund refers to closed-end fund. After the establishment of the fund, it entered a closed period. During the closed period, no operation can be performed. When the net value of the fund rises, investors gain profits, while the net value of the fund falls, and investors suffer losses.