The net fund value refers to the total asset value of all assets owned by the fund, which is calculated according to the closing price of the trading market on each business day, and the net asset value obtained after deducting various costs and expenses of the fund on that day.

Simply put, the net value of a fund is the balance of the total market value of assets after deducting liabilities at a certain point in time. The net fund value represents the rights and interests of fund holders, that is, investors.

generally speaking, the net fund value is divided into unit net value and accumulated net value. The unit net value is the sales price of the fund, and the unit net value of the fund = (total assets-total liabilities)/total fund shares.

the total assets of a fund refer to the total assets of all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.) calculated at fair prices.

the total liabilities of the fund refer to the liabilities formed during the operation and financing of the fund, including remuneration payable to the custodian or manager, interest payable, etc.

The newly established funds are all 1 yuan. When we subscribe for new funds, 1 yuan can buy 1 funds after deducting the subscription fee.

if after a period of time, the unit net value of the fund is 1.31 yuan, which means that the current value of each fund is 1.31 yuan, and we bought it at the net value of 1 yuan.

if you sell it now, the market will trade at 1.31 yuan. after deducting the original purchase cost, the investor will earn .31 yuan per share, which is equivalent to earning 31% of the income.

the net value of the fund unit is the basis of the transaction, and it is also the basis of the fund subscription and redemption.

so what is the cumulative net value of the fund?

the cumulative net value of a fund refers to the sum of the latest net value of the fund and the dividend performance since the establishment of the fund, and its calculation formula is: the cumulative net value of the fund = the net value of the fund share+the cumulative dividend amount of the share after the establishment of the fund.

For example, since the establishment of a fund, there have been two dividends, the first dividend is 1 .6 yuan and the second dividend is 1 .2 yuan. If the net value of fund shares announced on the same day is 1.11 yuan, then the accumulated net value should be 1.11+.6+.2=1.91 yuan.

From the cumulative net value, we can see how many dividends have been distributed to investors in the history of the fund, so the cumulative net value can more accurately reflect the earning power of a fund.