Open-end Fund purchase fee calculation

The transaction price of a closed-end fund is the market price that is known when the purchase and purchase behaviors occur. The price is affected by the relationship between supply and demand, that is, the transaction price of the fund unit is the net asset value of the unit that is not known when the behavior occurs (but can be calculated and announced on the next trading day after the market closes on the day.

The calculation method for the number of subscribed open-end fund units is as follows:

Purchase fee = purchase amount × purchase rate

Purchase share = (purchase amount-purchase fee) ÷ t net asset of the Fund

If an investor invests 50,000 yuan to subscribe to an open-end fund, assuming the purchase rate is 2%, the net value of the fund unit on the day is 1.1688 yuan, and the share obtained is:

Purchase fee = 50,000 × 2.0% = 1,000 RMB

Purchase shares = (50,000-1,000) ÷ 1. 1688 = 41923.34