LH TREASURY FUND - LH

A mutual fund pools money from multiple investors and entrusts professional fund managers to invest in various securities such as stocks, bonds, and deposits according to the investment policy stated in the prospectus. The advantage is that retail investors can access diversified investments with a relatively low minimum investment.

NAV (Net Asset Value) is the net value of a fund's assets per unit, calculated by taking total assets minus total liabilities, divided by total outstanding units. NAV is announced every business day, with domestic funds announced within 1 business day and international funds taking 2-3 business days.

Main fees include: 1) Management Fee charged annually from the fund's NAV, approximately 0.27-1.87% depending on fund type 2) Front-end Fee up to 1.5% when purchasing 3) Back-end Fee applied in some funds when redeeming 4) Switching Fee. RMF/SSF funds typically waive purchase fees.