Everything is subject to the net value, and the redemption is based on the net value of the day.

the net value of the unit fund = (total assets owned by the fund-liabilities undertaken by it)/number of shares of the fund.

full bond price = net price+accrued interest, but it is the net price that really shows the rise and fall of a bond. The net price is similar to the stock price, and a drop in the net price means someone is selling.

the process of calculating fund assets at fair price is the valuation of the fund, which is the key to calculate the net asset value of the unit fund. Because the market price of the assets owned by the fund, such as stocks and bonds, changes, it is necessary to recalculate the net asset value of the unit fund every trading day. The net value of closed-end funds is announced at least once a week, and the net value of open-end funds is announced every trading day.

Extended information:

Due to the short average maturity of assets allocated by the Monetary Fund, the assets of the Fund can be rolled over in a short time. And the funds due to be paid will soon be invested in short-term debt, central bank bills, agreement deposits and other varieties with higher returns after raising interest rates, which will quickly improve the income of the money fund. Therefore, for investors, money funds are suitable for phased allocation, with low risks and good returns.

the rise and fall of bond prices is inversely related to the rise and fall of interest rates. When interest rates rise, bond prices fall. To know the change of bond price, so as to know how sensitive the net asset value of bond funds is to the change of interest rate, duration can be used as an indicator to measure it.

Baidu encyclopedia-bond fund