Transfer out after 3 pm on the same day, and the transferred share is calculated according to the net value of the next day. As long as the share is confirmed, there will be income, which means that the income is only related to the unit net value and share at the time of purchase and redemption, and has nothing to do with the confirmation time.

For example, two funds, A and B, switch funds on a certain working day. The transfer of Fund A to Fund B involves the net value of Fund A and Fund B, both of which are the net values after the closing of working days.

The net transfer-out amount of Fund A is traded according to the working day net value. After deducting the redemption fee of Fund A, the net transfer-out amount of Fund A is the subscription amount of Fund B. After deducting the subscription fees of Fund A and Fund B, the net subscription amount of Fund B is deducted and divided by the working day net value of Fund B to obtain the share transferred to Fund B. Therefore, there is no intermediate time in this process, and the transaction is conducted according to the net value of the day.

Extended data

The trading days of the Fund are Monday to Friday except holidays (AM9: 30-1:30, PM 13:00- 15:00), one trading day is one day, and the stock trading day is Monday to Friday.

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds.

Open-end funds are not listed and traded, but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds.

A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.