You usually see the announcements or information published on major websites or forums, and how many such data appear in the fund share column. But do you know how this happened? It doesn't matter if you don't know. Bian Xiao will use an example today to tell you what is fund share conversion and how to calculate it after fund share conversion.

First, what is the fund share conversion? To know what is the fund share conversion, we need to define the fund share first. Fund share refers to the public offering of investors, which means that the holder enjoys the distribution right of expected income, the right to obtain the remaining property after liquidation and other related rights according to his share, and assumes corresponding obligations.

Fund share conversion refers to adjusting the total amount of fund shares according to a certain proportion under the premise that the net asset value of the fund remains unchanged, so that the net asset value of the fund unit decreases accordingly. After the share conversion, the total amount of fund shares and the number of fund shares held by the holders will be adjusted, but the adjusted proportion of fund shares held by the holders in the total amount of fund shares will remain unchanged. The conversion of fund shares has no substantial impact on the rights and interests of holders, which you don't have to worry about.

Ii. How to calculate the fund share conversion Before the announcement of the fund assets, the personnel with the qualification of certified public accountant will verify the paid-in or change of the registered capital of the audited entity according to the entrustment and issue a capital verification report. The end date of capital verification is the fund share conversion date, and the fund manager will convert the fund share so that the net value of the fund share on the end date of capital verification is 65,438+0.0000 yuan. Then, according to the net value of the fund shares on that day, the fund shares that investors should get for centralized subscription are calculated, and the shares that investors should purchase for centralized subscription are registered and confirmed by the registration institution.

So how to calculate the fund share conversion? Please look at the following example.

Take the securities insurance fund under Penghua as an example. Assume that the net asset value of Penghua Securities' insurance share (parent fund) after the closing of the fund's regular share conversion benchmark date is 865,900,000 yuan, that is, 1.5. On that day, the shares of OTC Penghua Securities, OTC Penghua Securities, Penghua Securities A and Penghua Securities B were 5.5 billion, 65.438+0 billion, 2 billion and 2 billion respectively. The net value of the A share of Penghua Securities is 1.065 yuan, and its A and B shares are split according to the ratio of 1 and 1.

The target of regular share conversion is Penghua Securities A share and Penghua Securities A share registered on the base date, which are 2 billion shares and 6.5 billion shares respectively (the sum of on-site and off-site).

First, the unit net value of the converted parent fund should be calculated: the unit net value is equal to the total assets/total share, that is, = [8659000000-0.5 (1.065-1) 650000000]/65000000 =1.3 yuan.

After calculating the net value of the converted parent fund unit, let's take a look at what changes have taken place in the shares held by Penghua Securities A share holders and Penghua Securities share holders.

1. Changes in the shares of the A-share holders of Penghua Securities.

After regular conversion, the share of Penghua Securities A held remains unchanged at 2 billion shares. However, the net value before conversion was 1.065 yuan, and after conversion it became 1 yuan. The reduced portion is converted into the share of the parent fund: 2000000 (1.065-1)1.3 =1000000. That is to say, while holding the same share A, the holders of Penghua Securities Insurance A have increased the parent fund by 654.38+million ... The net share value of the parent fund is 1.300 yuan.

2. Changes in the share of shareholders of Penghua Securities Insurance.

That is to say, under the condition that the total assets of the parent fund holders remain unchanged, although the net value of the fund unit has decreased, the fund share held has increased.

The number of newly-increased shares of Penghua Securities shareholders is:

0.5 (1.065-1) 65000000/1.3 =162500000 copies.

The shares of Penghua Securities held by the holders of Penghua Securities after regular conversion are as follows:

6.5 billion+65438+625 million = 6.6625 billion copies.