Shares to be closed and frozen shares are expressed as "frozen shares" or "unavailable shares" in many places, that is to say, although some transactions have not been confirmed, these shares are displayed and cannot be used in fact.
For example, the fund share you just bought cannot be used, redeemed or converted, and you must wait until T+2, that is, 2 working days to operate; In addition, the redeemed shares will be displayed as frozen shares before redemption confirmation, which means that this part has been locked because redemption has been applied for.
T- 1 daily net value T- 1 daily market value:
The daily net value of 1 and T- 1 refers to the net value of the last trading day, which can be understood as the latest net value of the fund. The net fund value is the value of each fund, which is the price used by the fund exchange.
2. The market value of t-1is the total value of these fund shares at present. This number is multiplied by the net value of T- 1 and then multiplied by the available shares.
Extended data:
Calculation of net worth
To calculate the purchase and redemption price of fund shares, we must first calculate the net value of fund shares. The net fund share is equal to the net fund asset value divided by the total fund share. The net asset value of a fund refers to the value of the total asset value of the fund minus the fund liabilities that can be deducted from the fund assets according to laws, administrative regulations, provisions of the the State Council securities regulatory authority and the Fund Contract.
The total assets of the Fund include all kinds of securities owned by the Fund, principal and interest of bank deposits, subscription funds receivable and other investments.
In order to objectively and accurately reflect the value of fund assets, it is necessary to evaluate the fund assets according to the relevant provisions of the state and the provisions of the fund contract. Open-end funds should usually value their assets every working day. The valuation objects are assets held by the fund, such as stocks, bonds, dividends, bond interest, principal and interest of bank deposits, etc.
Specific valuation methods mainly include:
1. Listed securities are valued at the market price (average price or closing price) listed on the Stock Exchange on the valuation date; If there is no transaction on the valuation date, the market price on the trading day is estimated.
2. Unlisted stocks are divided into two situations: the stocks listed in this market are calculated according to the market price of the same kind of stocks listed on the stock exchange on the valuation day, and if there is no transaction on that day, they are calculated according to the market price on a certain day; Unlisted shares belonging to the initial public offering are calculated at the cost price.
3. Unlisted treasury bonds and bank deposits shall be calculated by adding the principal to the accrued interest on the valuation date.
4. The allotment warrants shall be calculated according to the difference between the market price and the allotment price from the ex-dividend date to the allotment confirmation date; If the market price is lower than the matching price, it shall be calculated according to the matching price.
5. Other unlisted securities shall be calculated at their cost price.
6. Dividends, bond interest and the amount actually obtained as of the appraisal date.
7. Other methods agreed in the fund contract. Liabilities and expenses that can be deducted from the total assets of the fund mainly include: redemption payable, management fee payable, custody fee payable, commission payable, interest payable, income payable, tax payable and other payables.
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