Among closed-end funds, ETFs and LOF funds, as long as they are bought in the market, the prices are changing at any time, and some unlisted funds have only one net value a day. Funds bought before 3: 00 on the closing day are calculated according to the net value of the day, and funds bought after 3: 00 are calculated according to the net value of the next day.

Net fund value is the net asset value of fund shares, also called the net asset value of each fund share.

The calculation formula is: net asset value of fund share = (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.