The reference market value refers to how much the investor's position is worth according to the current market price. Since the market is always fluctuating during trading hours, the reference market value is constantly changing.
The calculation method of open-end fund share is as follows: net subscription amount = subscription amount ÷( 1+ subscription rate) subscription fee = subscription amount-net subscription amount subscription share = net subscription amount ÷T-day fund share net holding share = available share+current selling (unconfirmed selling amount). T day is the trading day of the fund, which means that the fund sales organization accepts the subscription, redemption and redemption of investors within the specified time.
The holding amount of the fund is the confirmation part of the total assets, and the fund company generally confirms the subscription application on the next trading day after the subscription. The holding share of the fund is the number of fund shares obtained by investors' subscription and purchase, and the available share refers to the number of shares that investors can redeem or convert. Under normal circumstances, it takes T+ 1 working day to confirm the delivery of fund transactions. If the available share is inconsistent with the holding share after redemption, it will take some time to re-query.
Under normal circumstances, fund companies will calculate the fund share for investors, and investors only need to confirm the payment. When the fund is converted, the specific share shall be subject to the provisions of the fund company. After the successful acceptance of the fund conversion application, the fund company will confirm the delivery after T+2 days, and eligible funds can be converted to each other. The specific provisions and expenses of the conversion shall be determined by the fund company.
The difference between holding amount and holding share is that holding amount is how much investors hold this investment product, while holding share is how much investors hold this investment product. The holding amount is equivalent to the market value of the stock after the investor buys the stock, and the holding share is equivalent to the number of shares bought. Holdings are generally different, and only when the investment price is 1, the two are the same. When it is less than 1, the general amount is less than the share; More than once, the amount is generally greater than the share.