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Why do some graded funds have points and some have no points?
There are periodic division and irregular division. Periodic splitting is to agree on a cycle and then divide it when it arrives.

Irregular split is to set a net value, and the fund will split when it reaches the net value.

Because all the graded funds have been established for a long time, they are split regularly, and there is no such thing as not splitting. However, regular splitting is mainly aimed at A-level shares, and most B-level shares are split irregularly.

Many B-level shares have not been split irregularly because their net value has not reached the set net value.