the net assets of the enterprise annuity fund, also known as the net value of the annuity fund, refers to the economic benefits enjoyed by the beneficiaries of the enterprise annuity fund in the property of the enterprise annuity fund, and its amount is equal to the balance of the assets of the enterprise annuity fund minus the liabilities of the fund.

net assets of enterprise annuity fund = net assets at the beginning+net income in the current period+collection of enterprise contributions+collection of individual contributions of employees+transfer of personal accounts-payment of benefits to beneficiaries-transfer of personal accounts

The net income of enterprise annuity fund refers to the realized operating results of enterprise annuity fund in a certain accounting period, and its amount is equal to the balance of current income minus current expenses. Among them, the current income includes: deposit interest income, buyer's resale income, fair value change income, investment income and other income. The current expenses include: transaction expenses, trustee management fees, investment manager management fees, expenses for selling and repurchasing securities, and other expenses. The net income of enterprise annuity fund directly affects the change of fund net value.

It should be noted that the assets of the enterprise annuity fund include not only assets entrusted to the investment manager for management, but also other cash assets not entrusted to the investment manager for management.

the growth rate of enterprise annuity fund net value is the ratio of the difference between the current fund net value and the previous fund net value divided by the previous fund net value. The calculation formula is as follows:

According to the net value and net value growth rate of the enterprise annuity fund, the account manager of the enterprise annuity fund will fully credit it to the enterprise account and personal account of the enterprise annuity fund on a daily or weekly basis. On the income recording date, the account manager calculates the investment operation income that should be recorded in each account in the current period according to the net value and net value growth rate of the enterprise annuity fund provided by the trustee and reviewed by the trustee, and according to the previous balance of the enterprise account and the employee's personal account.