Morningstar China Fund Index Series is an index series developed by American Morningstar Company for China fund market, which consists of open-end fund index series and closed-end fund index series. Open-end fund index series is an index based on unit net value, which aims to reflect the performance trend of funds. Calculated according to the simple weighting method of unit net value, and considering the dividend reinvestment factor. The closed-end fund index series is based on the secondary market price and aims to reflect the price trend caused by the supply and demand relationship in the secondary market. It is based on the secondary market price, adopts Labpell method, takes the market value of fund circulation as the weight, and considers the dividend reinvestment factor when calculating. In the form of index, Morningstar announces the total income index considering dividend reinvestment.