2. The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund. The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).
3. The cumulative net value of the fund refers to the sum of the latest net value of the fund and the dividend performance since its establishment, which reflects the cumulative income since the establishment of the fund (minus the face value of one yuan as the actual income), which can more intuitively and comprehensively reflect the historical performance of the fund in the operation process. Combined with the operation time of the fund, it can more accurately reflect the real performance level of the fund.