Cumulative net value refers to the cumulative net value of the fund since its establishment. Because there may be dividends in the middle, the accumulated net value may be higher than the unit net value. Cumulative net value indicates how much money this fund has earned to its holders in history, which is the so-called historical income. What brings investors more is the past historical achievements, and the reference value to the present is relatively small; But it is also an important reference factor. After all, it is an important indicator to measure its long-term return. Buying a fund can't just look at the income of a week or a month, but also look at the overall changes in the income of the fund over the years. Only those funds with good long-term and short-term returns and small fluctuations are more worthy of investment by ordinary investors.
In short, the unit net value and accumulated net value of the fund complement each other, and the unit net value is a time point data, which represents the present; Cumulative net worth is the data of a time period, which is the cumulative result of countless net worth units in the past and represents the past. For investors, the past is as important as the present, and investors need to attach great importance to it.
The net asset value of a fund unit refers to the net asset value of the fund represented by each fund unit. Net asset value of fund unit =/fund share.
The cumulative net value of a fund unit refers to the net asset value of the unit without considering previous dividends since the establishment of the fund. It is equal to the net asset value of the fund, plus the accumulated dividend amount distributed since the establishment of the fund, reflecting the asset appreciation of the fund since its establishment.
The pricing basis for investors to purchase and redeem fund shares is the net asset value of fund shares on the day of application.