the net fund value refers to the total asset value of the fund calculated according to the market closing price on each business day, and the net asset value of the fund on that day is obtained after deducting all kinds of costs and expenses of the fund on that day. Divided by the total number of units issued on the day of the fund, it is the net value of each unit of the fund. (net value of open-end fund = market price)

cumulative net value of fund = sum of unit net value and accumulated dividends paid since the establishment of the fund, which belongs to a reference value.

for example, the net value of a fund unit was 1.486 yuan on a certain day in 28, and the cash bonus distributed in April this year was .25 yuan per fund unit, so the cumulative net value = 1.486+.25 = 1.736 yuan.