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What does the daily net value \ historical net value of the fund represent?
The daily net value and historical net value of the fund are aimed at open-end funds, representing the net value of the fund.

The daily fund mainly refers to the changes in the net asset value ratio of open-end funds due to open purchase and redemption related transactions on trading days from Monday to Friday. The daily net value fluctuates due to market conditions and policies, similar to stocks, but generally the fluctuation range is not large, so the risk is relatively small.

The historical net value of the fund is the collection of the daily net value of the open-end fund in the past date, which records the net value of the fund.

Extended data

The value performance of closed-end funds;

Closed-end fund refers to a securities investment fund that has determined the total amount of issuance and the issuance period at the time of establishment, and fixed the total amount of issuance within the prescribed period after issuance. Investors of closed-end funds can't redeem their fund shares from the issuer during the fund's existence, and the realization of fund shares must be listed and traded on the stock exchange.

After the closed-end fund is issued, it cannot be traded according to the net value of the fund. Investors can entrust brokers (securities companies) to buy and sell at the market price (secondary market) on the stock exchange.

Baidu encyclopedia-closed-end fund

Baidu Encyclopedia-Open Fund

Baidu Encyclopedia-Fund Daily Net Value