The net fund value is the net asset value of each fund unit, which is equal to the balance of the total assets minus the total liabilities of the fund divided by the total number of units issued by the fund. The subscription and redemption of open-end funds are carried out at this price. Simply put, it is the price at which you buy or sell a fund on a certain day. But the net value of the money fund will always be 1, because it will settle every day and keep its net value unchanged! Other types of funds change with the changes in the capital market. Obviously, after you buy it, your net value goes up, and you earn it (but you have to deduct the handling fee when you purchase and redeem the fund); If the net value falls, it will lose money.

The annualized income generally refers to the money fund, which is usually expressed by the annualized income of seven days. The seven-day annualized rate of return is the annual rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days. It is the average of the past seven days and then multiplied by 365, which is obviously convenient to compare and analyze with the annual income of other money funds and even other wealth management products.