There is a subscription fee for purchasing funds, which is definitely the cost. The net value has gone up, but it is not enough to offset the subscription fee, so the income is still negative.

The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading.

On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).

Extended data:

Listed stocks and bonds shall be calculated according to the closing price on the calculation day, and if there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day. Unlisted stocks are calculated at cost price.

Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date. If it is impossible or inappropriate to determine the value of assets in accordance with the above provisions under special circumstances, the fund manager shall handle it in accordance with the relevant provisions of the state.

In order to accurately price and quote the fund, so that the fund price can accurately reflect the true value of the fund, it is necessary to estimate the actual representative value of each fund unit at a certain point, and publish the valuation result as the net asset value.