When we look at a fund, we will find that there are two net values. One is the unit net value, and the other is the accumulated net value.
Net unit value
The unit net value is the sales price of the fund, and the unit net value of the fund = (total assets-total liabilities)/total fund shares.
The total assets of the fund refer to the sum of all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price.
The total liabilities of the fund refer to the liabilities formed in the process of fund operation and fund raising, including the remuneration payable to the custodian or manager, interest payable, etc.