Unit Net Value Jing Shun Great Wall Fund Management Co., Ltd. A: The net asset value of a fund is the balance of the total market value of fund assets after deducting liabilities at a certain point, representing the rights and interests of fund holders. The net asset value of a fund unit refers to the net asset value of the fund represented by each fund unit. Net asset value of fund units = (total assets-total liabilities)/total number of fund units, in which 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 expenses payable to others and interest payable on funds. The total number of fund shares refers to the total number of fund shares issued at that time. Net assets are the owner's equity in the balance sheet. It is owned by the enterprise and can be freely controlled. It consists of two parts, one part is the capital invested by the enterprise at the beginning, including the premium part, and the other part is created by the enterprise in its operation, including the donated assets. Fund unit net value = total fund net asset value/total fund unit share (total fund net asset value = total fund assets-total fund liabilities) = fund unit net value+(total dividends in the history of the fund/total fund share) Fund unit net value is the market value of each fund unit (or fund share) at a certain point, and the cumulative net value of fund unit is the data reflecting the overall income of the fund since its establishment. Net growth rate and cumulative growth rate are both indicators to evaluate fund returns. The net growth rate refers to the growth rate of the fund's net assets in a certain period (such as one year), and you can use it to evaluate the performance of the fund in a certain period; In other words, compared with the net value of the comparison period, the net value of the current period is negative, indicating that the net value of the current period is falling. Cumulative net growth rate refers to the growth rate of the current net value of the fund relative to the net value when the fund was established. You can use it to evaluate the performance of the fund since its establishment.