The calculation formula is: fund unit net value = total net assets/fund share.
The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund.
The total number of open-end funds is different every day, so it must be counted after the closing date of the transaction, and divided by the net asset value of the fund on that day to get the net asset value of the unit on that day, which can be used as the basis for investors to purchase and redeem.
The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).
Extended data:
The Measures for the Administration of Information Disclosure of Securities Investment Funds have different requirements for the publication time of the net value of different types of fund products.
1. The fund manager shall publish the net asset value and the net fund share value on the next day of the last market trading day of the semi-annual and annual period, and publish the net asset value, the net fund share value and the accumulated net fund share value on the designated newspapers and websites.
2. For closed-end funds, the fund manager shall publish the net asset value and net fund share value at least once a week.
3. For open-end funds, the fund manager shall announce the net asset value and the net fund share value at least once a week after the fund contract comes into effect and before the fund share purchase or redemption.
Huaxia Fund-Huaxia Advantage Growth Combination
Baidu Encyclopedia-Fund Unit Net Value