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 newly confirmed fund shares on that day to get the net asset value of the unit 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 changes with the fluctuation of the market, the net value of the fund will also change constantly.
Accumulated fund net value = the sum of unit net value and accumulated dividends since the establishment of the fund, which belongs to reference value. For example, on February 2, 2006, the net value of a fund share was 1.0486 yuan, and the cash dividend distributed in April 2006 was 0.025 yuan per fund share, so the cumulative net value was =1.0486+0.025 =1.0736 yuan.
Extended data:
Article 52 of the newly promulgated Securities Investment Fund Law stipulates: "Fund managers shall purchase and redeem fund shares every working day; If it is otherwise agreed in the fund contract, it shall be in accordance with its agreement. "
Article 53 stipulates: "The fund manager shall pay the redemption money on time, except for the following circumstances:
(1) The fund manager cannot pay the redemption money due to force majeure;
(2) The stock exchange decided to suspend business according to law, which made it impossible for the fund manager to calculate the net asset value of the fund on that day;
(3) Other circumstances stipulated in the fund contract. Therefore, in addition to legal provisions, investors should also pay attention to the agreement in the fund contract.
In reality, the restriction on the redemption of open-end funds is mainly the restriction on the huge redemption. According to the provisions of the "Pilot Measures for Open-end Securities Investment Funds", on a single open day of an open-end fund, when the net redemption application of the fund exceeds 10% of the total share of the fund,
Will be seen as a great redemption. When a huge redemption application occurs, the fund manager can postpone the remaining redemption applications on the premise that the redemption ratio accepted on that day is not less than 10% of the total fund share.
In other words, the fund manager can give redemption according to the situation, or refuse this part of redemption, and the rejected part can be postponed to the next open day, and the redemption amount can be calculated according to the net asset value of the fund on this open day.
Of course, when there is a huge redemption and the payment is delayed, the fund manager should inform the fund investors by mail, fax or other means specified in the prospectus within the time limit.
Explain the relevant treatment methods and announce them in the designated media and other relevant media. The longest notice and announcement time shall not exceed three securities trading days.
Baidu Encyclopedia-Open Fund