The net asset value of a fund unit refers to the net asset value of the fund represented by each fund unit. The formula for calculating the net asset value of fund units is: net asset value of fund units = (total assets-total liabilities)/total number of fund units.
Among them, total assets refer to all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price. Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others and interest payable on funds. The total number of fund shares refers to the total number of fund shares issued at that time.
Fund valuation is the key to calculate the net asset value of fund units. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time. The valuation principles of fund assets are as follows:
1. Listed stocks and bonds are calculated according to the closing price on the calculation day. If there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day.
2. Unlisted stocks are calculated at cost price.
3. Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date.
4. Under special circumstances, when it is impossible or inappropriate to determine the asset value according to the above provisions, the fund manager shall handle it according to the relevant provisions.
The difference between fund Net value, fund unit net value and accumulated fund net value is the fund unit net asset value, referred to as fund net value (net
property; assets
Value, NAV), that is, the net value of each fund unit, is equal to the balance of the total assets of the fund MINUS the total liabilities and then divided by the total share of the fund unit. Refers to the balance of the total market value of fund assets after deducting liabilities at a certain point in time, which is the equity of fund share holders. The calculation formula is: net asset value of fund units = (total assets-total liabilities)/total number of fund units. 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. The total number of units of open-end funds changes every day, so the statistics after the end of the transaction on that day 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 units on the closing day of the transaction to obtain the net asset value of the fund units on that day.
The net value of fund unit is an important index to reflect the performance of fund, and the transaction price of open-end fund is determined on the basis of the net value of each fund unit. Because the value of assets owned by the fund always changes with the fluctuation of the market, the net value of the fund will also change constantly.