The net value of the fund fell and the valuation rose. Whether the fund is down or up depends on the situation. If you use the net value of the fund to pay dividends, the net value of the fund will fall, the valuation will also rise, and the fund will make money; If it is not dividends, the net value of the fund will be less and the valuation will be higher, that is, losses.

The valuation of the fund is only an estimated price, and the net value of the fund is the final transaction price. Generally speaking, we see that the fund has a loss, which is judged by the net value of the fund.

Extended data:

The formula for calculating the net fund value is: net fund share value = (total assets-total liabilities)/total fund share. Among them, total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc.

The total number of fund shares refers to the total number of fund shares issued at that time. The total share of open-end funds changes every day, so the statistics after the end of the day's transaction shall prevail. After the close of each trading day, the net asset value of the fund on that day is divided by the total number of fund shares at the close of the trading day to get the net asset value of the shares on that day.