1, LOF can be purchased and redeemed according to yesterday's net value, so there is no discount. It is a transaction between the holder and the fund company. Closed-end funds are transactions between holders, and the fund shares remain unchanged, so they will be discounted.

2. There is no discount for 2.LOF funds.

3. The greater the share of general funds, the longer the closing period and the higher the discount rate. Dacheng was founded in 2007, with a closed period of 5 years and a share of nearly 5 billion. Judging from the above situation, the high discount rate of more than 20% will not be maintained for a long time. In addition, the long-term maintenance of convertible LOF also makes it impossible to maintain high discount for a long time, because everyone wants this 20% risk-free arbitrage.

4. The innovation of Dacheng Preferred Fund products is mainly reflected in the following aspects: First, a special performance risk reserve is set up in the fund prospectus, and 65,438+00% of the fund management fee withdrawn last month is used as the performance risk reserve to compensate the holders for losses when the net growth rate of the fund is less than 5% of the performance benchmark growth rate. 2. After the fund contract comes into effect 12 months, if the discount rate of the fund exceeds 20% for 50 consecutive trading days, the fund will be converted into a listed open-end fund (LOF). Third, under certain conditions, the fund manager can withdraw 10% of the performance reward.