1. What is the net value of the fund?

Fund net value refers to the amount equivalent to the market value of unit fund shares on a specific date after investors invest a certain amount of funds and are operated and managed by the fund manager.

That is to say, the net value of the fund refers to the amount equivalent to the market value of the unit fund share on a specific date after investors invest a certain amount of funds and are operated and managed by the fund manager.

The calculation formula of fund net value is: fund net value = (total fund assets - fund liabilities)/total number of fund shares.

Changes in the fund's net value reflect the return on the fund manager's investment portfolio.

2. The role of fund net value Fund net value is a reference indicator for the market value of investors' investment fund shares. Investors can timely understand the income of the investment portfolio based on changes in the fund's net value, and then make investment decisions.

Fund net value is also an important reference indicator for calculating investors' returns from investing in fund shares.

Investors can timely understand the income of the investment portfolio based on changes in the fund's net value, and then make investment decisions.

In addition, the fund net value is also a reference indicator for determining the redemption of fund shares. When an investor redeems fund shares on a specific date, the fund net value is an important reference indicator for determining the redemption amount.

3. Factors affecting the net value of the fund The main influencing factors of the net value of the fund are: (1) The income of the fund investment portfolio: changes in the net value of the fund are affected by the income of the fund investment portfolio. If the income of the fund portfolio is good, the net value of the fund will often have a negative impact.

The fund's investment portfolio returns are not good, and the net value of the fund will tend to decline.

(2) The fund manager’s investment portfolio management level: The fund manager’s investment portfolio management level will also affect changes in the fund’s net value. The higher the fund manager’s investment portfolio management level, the smaller the change in the fund’s net value; the fund manager’s investment portfolio management

The lower the level, the greater the change in the fund's net value.

(3) Market fluctuations: Market fluctuations will also affect changes in the fund's net value. The greater the market fluctuations, the greater the changes in the fund's net value; the smaller the market fluctuations, the smaller the changes in the fund's net value.

4. Calculation of Fund Net Value The formula for calculating Fund Net Value is: Fund Net Value = (Total Fund Assets - Fund Liabilities)/Total Number of Fund Shares.

Total fund assets = market value of the investment portfolio managed by the fund manager + fund cash assets + fund undistributed income.

Fund liabilities = Fund liabilities borne by the fund manager.

The total number of fund shares = the total number of fund shares managed by the fund manager.

5. Risks of the Fund's Net Value The main risks of the Fund's Net Value include: (1) Market risk: Due to market price fluctuations of the Fund's investment portfolio, the Fund's Net Value will be affected.

(2) Portfolio management risk: Due to the different portfolio management levels of fund managers, the net value of the fund will also be affected.

(3) Currency risk: The net value of the fund will also be affected by changes in currency exchange rates.

(4) Legal risk: The net value of the fund will also be affected by changes in policies and regulations.

6. How to invest in funds The main steps to invest in funds are: (1) Select funds: Investors need to choose appropriate funds for investment according to their own investment needs.

(2) Understand the fund: After choosing a fund, investors need to understand the basic information of the fund, such as the fund manager, fund investment portfolio, fund net value, etc.