If the fund is sold before 3 pm on the trading day, the fund will determine the share on the second trading day, calculate the subscription according to the net value of the trading day, and the funds will be received on the second trading day.
If you sell the fund after 3 pm on the trading day, you need to determine the share on the third trading day, sell it according to the net value of the fund on the second trading day, and receive it on the third trading day.
Extended data
The expenses directly borne by fund investors refer to the one-time expenses paid by investors when conducting fund transactions. For closed-end funds, like buying and selling stocks, a certain percentage of commission is paid outside the price. For open-end funds, it mainly refers to subscription fee and redemption fee.
Fund operating expenses refer to the expenses incurred during the fund operation, mainly including management fees, custody fees and other expenses, which are directly deducted from the fund assets.
Net fund value is the assets owned by the same fund. The total asset value calculated according to the market closing price of each business day, after deducting the various costs and expenses of the fund on that day, is the net asset value of the fund on that day. Divided by the total number of units issued by the fund on that day, it is the unit net value.
The net value is calculated according to generally accepted accounting principles, and the total net assets of the fund = total assets of the fund-total liabilities of the fund.