Net fund value refers to the net fund assets represented by each fund unit.

The calculation formula is: net asset value of fund units = (total assets-total liabilities)/total number of fund units.

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), and can reflect the historical performance of the fund in the operation process more intuitively and comprehensively. Combined with the operation time of the fund, it can more accurately reflect the real performance level of the fund.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"