The transaction price of open-end funds is calculated and announced by the fund company based on the net asset value of the fund every day according to a certain pricing method. Quotation usually includes subscription/subscription price and redemption price. The subscription/subscription price is the price when you buy the fund. Subscription/subscription price = net asset value of fund unit+subscription/subscription fee; The redemption price is the price when you sell the fund to the fund company. Redemption price = net asset value of fund unit-redemption fee.