The holding date of the Fund is from the date of confirmation of subscription to the date of confirmation of redemption, and the natural day between them is calculated (the subscription date does not include holidays, but the redemption period includes holidays). The confirmation date is generally the next trading day of the subscription fund, that is, T+ 1. It should be noted that the purchase before 15 is the same day, and the purchase after 15 is the next fund trading day.

What is the significance of the trading day? It's the day when stocks start trading. If there is no stock trading on this day, it is not a trading day. For example, if the application is submitted after Friday afternoon 15, the net value of the unit fund will be subject to Monday. If there is a legal holiday, such as National Day, which falls on Saturday and Sunday, these hours will be deducted. The net fund value generated on the first opening trading day after the holiday is the reference standard for your application.

If Xiaoming subscribes for the Fund before Wednesday 15: 00 on a normal working day, the confirmation date will be Thursday and next Wednesday 15: 00.

Before applying for redemption, the foundation arrived on Thursday and held it for 8 days; If Xiaoming subscribes for this fund before 15: 00 on the day before National Day, the confirmation date is the first trading day after the end of National Day. If he applies for redemption before 15: 00 the next day, he will succeed on the next trading day. In fact, Xiao Ming put the money in the fund 10 days, and the actual holding time was only 2 days.

If the fund is subscribed before March 19 (Friday) 15, the fund share will be confirmed on the next trading day, namely March 22nd (Monday), and the 22nd is 1 day of the holding date. If you hold it for 7 days, that is, 28 days, and this day is Sunday, if you submit the redemption application on Sunday, you will have to confirm it on the 29th and receive it on the 30th, because the net value of the unit fund can only be calculated after the stock market closes on the 29th, so the time after your redemption will be extended.

Sticking to 7 days is to encourage everyone to stick to it for a long time. Long-term holding can save money for everyone, because the redemption fee is decreasing, and even the longer some funds are held, the redemption fee is free. Once again, the transaction cost of frequent purchase and redemption is not low. Many times, investors' losses are not in investment, but in these humble back-and-forth transactions. More importantly, long-term investment can attract the possible losses caused by short-term investment. It takes time to exchange space.