The pricing basis of investors' subscription/redemption of funds is the net value of fund shares on the effective subscription date.
1. Fund unit net value refers to the current net value of each fund, which is the basis for all fund transactions and the basis for subscription and redemption.
2. Cumulative net value refers to the cumulative net value since the establishment of the fund, which may have experienced dividends, so the cumulative net value may be higher than the unit net value. Cumulative net value only shows how much money the fund earned to the holders in history, and shows the overall performance level of the fund, which is only of reference significance to the current operation and does not have a direct impact.