However, like other types of funds such as stock funds, the stock price held by the fund is still the closing price of the previous trading day because the stock market is closed on weekends. So the net value has not changed or the net value of the previous trading day, that is, there is no income at the weekend, and the income shown is the latest net value after the close on Friday.
The income obtained by the fund mainly comes from interest income, dividend income, capital gains and capital appreciation in the operation of fund assets. The income of money funds and bond funds mainly comes from interest income, and their interest is calculated according to 365 days, so even if there is no transaction on weekends and holidays, interest will continue to generate. And the interest rates on weekends and holidays are calculated according to the seven-day annualization of the trading day before the holiday. The income of stock funds mainly comes from the increase of capital appreciation, that is, net value. Only when stocks are traded on trading days can their net worth increase, so equity funds have no income on weekends and holidays.
The trading hours of stock, index and hybrid funds are from 9: 30am to11:30am from Monday to Friday, and from13: 00pm to15: 00pm (closed on weekends and legal holidays). There is no income, and the fund does not trade on weekends and does not show income.