We say that investment in open-end funds mainly depends on net value, which is not only an indicator to understand the operation of funds, but also an important indicator to directly reflect the performance of funds; At the same time, the transaction price of open-end funds is determined on the basis of net share value. The definition of net share value simply refers to the actual value of each fund share at a certain point. Its calculation formula is as follows: net asset value of T-day fund = total assets of T-day fund-total liabilities of T-day fund.

Among them, the total assets of the fund refers to the market value of various assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price;

Total liabilities refer to liabilities formed in the course of fund operation, such as custody fees, management fees, interest payable, income payable, etc. T-day fund share net value =t-day fund net asset value

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t

Total number of fund shares issued daily

Because the total share number of open-end funds changes every day, it must be based on the data confirmed by the registration and transfer system on that day. After the close of each trading day, the net asset value of the fund on that day is divided by the total number of fund shares at the close of the trading day to get the net asset value of the fund on that day. Because the value of assets owned by the fund always changes with the fluctuation of the market, the net value of fund shares will also change constantly. The key to determine the increase or decrease of the fund's net asset value is the rise or fall of the securities market invested by the fund and the operation of the fund manager.