As of October 7, 2020/kloc-0, the net fund value of 16 1903 was 1.2857 yuan. The total number of open-end funds is different every day, so it must be counted after the closing date of the transaction, and divided by the net asset value of the fund on that day to get the net asset value of the unit on that day, which can be used as the basis for investors to purchase and redeem.

The subscription and redemption of funds occur every day, so the net asset value of fund units as the basis of transactions must be calculated after the daily market closing and announced the next day.

Its calculation formula is: fund unit net value = total assets net value/fund share.

Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time.

Extended data:

16 1903 the fund mainly invests in stocks in booming industries or industries with good expected prosperity, and pursues investment returns beyond the performance benchmark under the premise of strictly controlling risks.

16 1903 fund stock assets account for 60%-95% of fund assets; Bonds, cash assets and other securities allowed by China Securities Regulatory Commission account for 5%-40% of the fund's assets, of which the total proportion of cash or government bonds with maturity within one year is not less than 5% of the fund's net asset value, and warrants account for 0-3% of the fund's net asset value.

Wanjia Fund-Wanjia Industry Optimization (16 1903)

Baidu Encyclopedia-Net Fund Value