Net fund value refers to the total assets of the fund calculated according to the market closing price of each trading day. After deducting the costs and expenses of the fund on that day, the net asset value of the fund on that day is obtained. Divided by the total number of units issued by the fund on the same day, it is the net value of each fund.
The accumulated net value of the fund = the sum of the net value of the unit and the accumulated dividends since the establishment of the fund, which is a reference value.
For example, the net value of fund shares on a certain day in 2008 was 1.0486 yuan, and the cash dividend distributed in April this year was 0.025 yuan per fund share, so the cumulative net value =1.0486+0.025 =1.0736 yuan.