Formula explanation: total assets refer to all assets owned by the fund; 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. The total share of open-end funds changes every day, so the statistics after the end of the day's transaction shall prevail. After the close of each trading day, the net asset value of the fund on that day is divided by the total number of fund shares on the closing day of the transaction to get the net asset value of the fund shares on that day.
Extended data:
What is the function of fund net worth?
The net fund value is an important index used to calculate the expected annualized expected return of the citizens. At the same time, the net value of the fund is also the basis for fund trading in the fund market.
Reminder: The net value of the fund is different from the accumulated net value of the fund and cannot be used as a reference for judging the growth trend and performance of the fund. Because the net value of the fund will change with dividends and elimination. Join a fund with a net value of 1 and 8 yuan, and after dividends of 0 and 3 yuan, the net value of the fund will become 1.5 yuan. The value of this 1.5 yuan will be the basis of fund transactions, but it cannot truly reflect the development of this fund.