Generally, the initial subscription of newly established funds is from one yuan. In this case, if the transaction cost is ignored, it is greater than 1, and there is no loss; However, in many cases, the cost of buying a fund is not one yuan. If a mature fund that has been established for many years buys 3 yuan or 2 yuan at the current price, then its net value is not greater than 1 and it will not lose money. . .