1. The meaning of the last day's market value and the last day's net value in a fund are: the last day's market value refers to the value of each share of the fund at the end of the last transaction; the previous day's net value refers to the value of a fund on the previous day. The net value of a single unit of the fund at the end of a trading day.

2. The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the fund's total assets minus its total liabilities divided by the total number of units issued by the fund. Subscriptions and redemptions of open-end funds are conducted at this price. The trading price of closed-end funds is the market price that is known when the buying and selling behavior occurs; unlike this, the trading price of fund units of open-end funds depends on the price that is not yet known when the subscription and redemption behavior occurs (but it can be determined after the market closes on that day). Calculated and announced on the next trading day) the net asset value of the unit fund.

3. Fund market value refers to the market value of the fund, that is, the circulation value. Generally speaking, net value determines market value, but there are also deviations between the two. Fund market value refers to the value of listed funds on the stock market, which changes at any time. Fund assets refer to the value actually represented by each share of the fund. The market value of a closed-end fund is less than its net value because the net value of a closed-end fund will not be liquidated until the close of the closed-end fund.