The net value of fund share refers to the balance of the total assets of the fund calculated at fair value after deducting liabilities at a certain fund valuation point, which is the rights and interests of fund share holders. The process of calculating fund assets and liabilities according to fair value is fund valuation.

Net fund share, that is, the net asset value of the fund represented by each fund share. The formula for calculating the net asset value of a fund unit is:

Net fund share = (total fund assets-fund liabilities)/total fund share.

Among them, the total assets of the fund refers to the total assets of the fund formed by various securities purchased by the fund, principal and interest of bank deposits, subscription receivable and other investments. Fund liabilities refer to liabilities arising from fund operation and financing, including expenses payable to others and interest payable by the fund. The total number of fund shares refers to the total number of fund shares issued at that time.

Cumulative net share = net fund share+accumulated dividends after the establishment of the fund.