Unit net value is a stock market term, which is the full name of fund unit net value. It refers to the calculation basis of subscription share and redemption amount of open-end funds. The calculation formula is fund unit net value = (total fund assets-fund liabilities)/total fund shares.

The cumulative net value of fund units is the sum of the net value of fund units and the cumulative dividend amount of units after the establishment of the fund, which reflects all the income since the establishment of the fund. Cumulative net value of fund unit = net value of fund unit+cumulative dividend amount of unit in the history of fund (sum of all dividend amounts in the history of fund/total share of fund).