The net value of a fund unit refers to the current total net assets of the fund divided by the total share of the fund. Its calculation formula is: fund unit net value = total assets net value/fund share. Here I would like to share with you some formulas about the net value of fund units, hoping to help you!

computing formula

Net value of fund shares = (total assets-total liabilities)/total number of fund shares

Among them, total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time.

Open-end fund share net value announcement

The total number of units of open-end funds is different every day, so statistics must be made after the close of the day, and the unit net asset value of the day can be obtained by dividing it by the fund net asset value of the day, which can be used as the basis for investors to purchase and redeem. The subscription and redemption of funds occur every day, so the net asset value of fund units as the basis of transactions must be calculated after the daily closing and announced the next day.

Fund unit net value valuation

The valuation of fund unit net value refers to the estimation of fund net asset value at a certain price.

(1) Appraisal purpose

No matter what kind of fund, the total amount of the fund is divided into several equal integer shares at the time of initial issuance, and each share is a "fund unit". In the process of fund operation, the unit price of the fund will change with the change of fund asset value and income. In order to accurately price and quote the fund, so that the fund price can accurately reflect the true value of the fund, it is necessary to estimate the actual representative value of each fund unit at a certain point, and publish the valuation result as the net asset value.

(2) Determination of valuation

Looking at all kinds of funds around the world, due to the differences in their management systems, the specific norms of the fund's net asset value valuation date are not the same. However, the general norm is that the fund manager must calculate and publish the net asset value of the fund every working day or once a week or at least once a month.

(3) The appraisal is suspended

Although the fund manager must evaluate the net assets of the fund according to the norms, the fund manager has the right to suspend the valuation under the following special circumstances: (1) When the securities trading places involved in the fund investment meet legal holidays or suspend business for some reason; There is a huge redemption situation; Other irresistible reasons make it impossible for the manager to accurately evaluate the net asset value of the fund.

Calculation of fund unit net value

The calculation of fund unit net value includes the calculation of fund total net value and fund unit net value.

According to generally accepted accounting principles, the total net assets of the fund = the total assets of the fund-the total liabilities of the fund.

Contents of the total assets of the fund

The total assets of the Fund include all the contents of the Fund's investment portfolio:

(1) The listed stocks and warrants owned by the Fund shall be subject to the closing price of the daily centralized trading market; Unlisted stocks and warrants are measured by qualified accounting firms or asset appraisal institutions.

(2) The listed bonds such as treasury bonds, corporate bonds and financial bonds held by the Fund shall be subject to the daily closing price; For unlisted companies, it is generally based on their face value plus the interest receivable on the calculation date.

(3) The short-term bills held by the Fund are based on the purchase cost plus the interest receivable from the purchase date to the calculation date.

(4) If there is no closing price or reference price on the calculation date specified in Article (1) and Article (2), the latest closing price or reference price shall be used instead.

(5) Cash and cash equivalents include deposits in other financial institutions.

(6) Reserves for assets and contingent liabilities that may not be fully recovered.

(seven) the assets that have entered into a contract but have not yet been fulfilled are regarded as fulfilled assets and included in the total assets.

Contents of total liabilities of the fund

The total liabilities of the Fund include:

(1) Unpaid remuneration payable to the custodian or manager according to the fund contract as of the calculation date.

(2) Other payables, including taxes payable, etc.

Fund liabilities should be calculated by daily withdrawal.

It should be noted that under special circumstances, if it is impossible or inappropriate to calculate the total net assets according to the above requirements, the business manager shall handle it according to the norms of the competent authority.

Calculation method of fund unit net value

There are two ways to calculate the net value of fund shares:

(1) Known price calculation method. Known price, also known as historical price, refers to the closing price of the previous trading day. The known price calculation method is that the fund manager calculates the total value of financial assets owned by the fund according to the closing price of the previous trading day, including stocks, bonds, futures contracts, warrants and so on. , plus cash assets, and then divided by the total amount of fund units sold to get the net asset value of each fund unit. By using the known price calculation method, investors can know the buying and selling price of the unit fund on that day and go through the delivery procedures in time.

(2) Unknown price calculation method. Unknown price, also known as futures price, refers to the closing price of various financial assets in the securities market on that day, that is, the net asset value of the fund unit calculated by the fund manager according to the closing price on that day. When this calculation method is implemented, investors don't know the price of the fund they bought and sold that day, and they won't know the price of the unit fund until the next day.