I applied on the fund company’s website on Saturday and the fund was “to be confirmed” on Monday morning. When will it be confirmed? How is net worth calculated?

1. The subscription price of open-end funds is determined based on the net value announced by the fund after the stock market closes on that day. That is to say, if the fund is subscribed before 3 pm on a normal working day, the subscription price will be determined based on the fund net value announced by the fund company after the market closes on that day. If the fund is subscribed after 3 p.m. on a working day or on a holiday, the subscription price will be determined based on the fund net value announced by the fund company after the close of the next normal working day. Subscription applications submitted by investors on T day are generally processed and confirmed by the registration agency on T + 1 working days. Investors can check whether the subscription is successful starting from T + 2 working days. Your application on Saturday will be based on the application submitted on Monday. The net value will be calculated after the market closes on Monday and will be confirmed by the fund company on Tuesday.

2. The net asset value of a fund is the balance after deducting liabilities from the total market value of fund assets at a certain point in time, and represents the equity of fund holders. The net asset value of a unit fund is the net value of the fund assets represented by each fund unit.

That is, the net value of the unit = (total assets - total liabilities) / total number of fund units. Total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; total liabilities refer to Liabilities formed during fund operation and financing include various fees payable to others, interest payable on funds, etc.; the total number of fund units refers to the total number of fund units outstanding at that time.