The fund is a collective financial management, and you are given fund shares when you buy it. The net value of the fund is calculated based on shares. The fund starts from 1,000 yuan. What you buy with money are fund shares. For example, for 1,000 yuan, the subscription fee is 1.5%, and the fund shares you buy are 985,221 fund shares.

For example, if the net value of a certain fund today is 1 yuan, and the shares you hold are 4567, then 1×4567=4567 yuan.

The cumulative net value of the fund is the cumulative income earned by the fund since its establishment. Subtract one yuan from the face value to get the actual income. Therefore, the cumulative net value of the fund refers to the sum of the fund's latest net value per share and the dividend performance since its establishment: cumulative net value = net value per share + the cumulative dividend amount since the fund was established.

Net asset value of unit fund = (total assets - total liabilities) / total number of fund units. Total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; total liabilities It refers to the liabilities formed during the operation and financing of the fund, including various fees payable to others, interest payable on funds, etc.; the total number of fund units refers to the total number of fund units outstanding at that time.

Investors can know how much a fund they hold is worth on a certain day through the net value of a fund's shares (net value of a fund's shares × fund's shares). At the same time, it is also the price at the time of fund subscription and redemption.

After investors redeem the fund, the actual amount they receive is the total redemption amount minus the redemption fee.

The calculation formula is:

Total amount of redemption = Redemption shares × Net value of fund shares on the day of redemption

Redemption fee = Total amount of redemption × Redemption rate (generally 0,5%)

Redemption amount = total redemption amount – redemption fee

For example, an investor applies to redeem 10,000 fund shares, and in Subscription adopts the front-end charging model. The net value of the fund on that day is 1.20 yuan. Then the actual redemption amount that investors can get is:

Total redemption amount = 10,000 × 1.20 yuan = 12,000 (yuan )

Redemption fee=12000×0,5%=60 (yuan)

Redemption amount=12000—60=11940 (yuan)

According to According to the requirements of the China Securities Regulatory Commission, the calculation formula for the growth rate of the fund's net value is today's net value growth rate = (today's net value - yesterday's net value) / yesterday's net value.

If there is a dividend on that day, then today's net value growth rate = [today's net value] - (Yesterday’s net worth – dividends)]/(Yesterday’s net worth – dividends).

Cumulative net value per unit = net value per unit + cumulative unit dividend amount since the establishment of the fund. The net value of the fund is not the main basis for selecting a fund. The future growth of the fund's net value is the key to judging the investment value. In addition to being affected by the management capabilities of the fund manager, the level of net worth is also affected by many other factors.

Cumulative net value growth rate = (Cumulative net value at the end of the period - Cumulative net value at the beginning of the period) / Unit net value at the beginning of the period.