The net value is calculated according to generally accepted accounting principles, and the total net assets of the fund = total assets of the fund-total liabilities of the fund. The total asset value calculated according to the market closing price of each business day, after deducting the various costs and expenses of the fund on that day, is the net asset value of the fund on that day. Divided by the total number of units issued by the fund on that day, it is the unit net value.
The buying and selling price of open-end funds is calculated based on the net asset value of the fund unit, which can directly reflect the level of the net asset value of the fund unit. In terms of fund transaction costs, investors have to pay a certain percentage of securities transaction tax and handling fee in addition to the price when buying and selling closed-end funds, just like buying and selling listed stocks;
The related expenses (such as initial subscription fee, redemption fee, etc.) that investors of open-end funds need to pay are included in the fund price. Generally speaking, the transaction cost of closed-end funds is higher than that of open-end funds.
Extended data:
Investment objective:
The Fund is a stock fund. Under the premise of moderately controlling risks and maintaining good liquidity, we should seize the investment opportunities in the process of upgrading China's manufacturing industry and strive for excess returns and long-term capital appreciation.
Investment scope:
The Fund invests in financial instruments such as stocks and bonds issued or listed according to laws and regulations or other financial instruments permitted by the China Securities Regulatory Commission.
Specifically, it includes: stocks (including small and medium-sized board, Growth Enterprise Market and other stocks issued and listed according to law), stock index futures, warrants, bonds (national debt, financial debt, corporate debt, subordinated debt, convertible bonds (including convertible bonds traded separately), central bank bills, short-term financing bills, ultra-short-term financing bills, medium-term bills, private debt of small and medium-sized enterprises, and exchangeable corporate bonds. ).
Fixed-income assets such as asset-backed securities, bond repurchases, bank deposits, cash, and other financial instruments allowed by laws and regulations or the China Securities Regulatory Commission (subject to the relevant provisions of the China Securities Regulatory Commission).
Baidu Encyclopedia-Jiashi Advanced Manufacturing Stock