1. The market value of the fund on the previous day is obtained by multiplying the closing price of the previous day by the number of funds issued. The net value of the previous day is the closing price of each fund on the previous day. At the same time, the net value of the fund (the net value on the last day) is the report card of the previous day, and the accumulated net value is the report card since the establishment of the fund. The net fund value, exactly, is called the net fund share value, which refers to the actual value of each fund share at a certain point in time. This formula can be used to calculate: net asset value of fund on day T = (T total assets of fund on day T-total liabilities of fund on day T)/total number of fund shares issued on day T.

2. Funds have broad and narrow definitions. A fund in a broad sense refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. People usually refer to funds mainly as securities investment funds.