The net value of fund shares, also known as the net asset value of fund shares, refers to the transaction price of each fund share on the day of application. For example, if you want to redeem, the redemption price is calculated according to the net value of the fund share on the day of application.
Calculation method of fund share net value:
Net fund share = (total fund assets-total fund liabilities)/total fund share
Among them, the total assets of the fund refers to the sum of all assets owned by the fund (including stocks, bonds and other securities, principal and interest of bank deposits and other investments);
The total liabilities of the fund refers to the liabilities formed in the process of fund operation and fund raising (including various expenses payable to others and interest payable to the fund, etc.). );
The total fund share refers to the total number of fund shares issued at that time.
Calculation method of cumulative net value of fund shares:
Cumulative net value of fund shares = net value of fund shares+cumulative value of previous dividends.
Example:
For example, in a fund, after the second dividend, the first dividend is 0.5 yuan/share; Second dividend 0.3 yuan/share; If the net fund share value is 1.2 yuan/share, then:
Accumulated net value of fund shares = 1.2 yuan +0.5 yuan +0.3 yuan =2.0 yuan/share.
The buying and selling price of fund shares of open-end funds is calculated based on the corresponding net asset value of fund shares, that is, the net asset value of fund shares. However, on the day of purchase or redemption, the basis for calculating the fund share or selling amount is the net value of the fund share on the day of stock trading. However, the net value cannot be calculated on the same day, and can only be calculated after the stock market closes. Only wait until the next day to announce the net fund share value of the previous trading day.
The net value of fund shares seen by investors on the trading day is the applicable calculation basis for the previous trading day, not the calculation basis for the current trading day. In this way, investors don't know how many shares they can buy and sell on the trading day. Investors can only calculate according to the net value of fund shares announced the next day. This calculation method is called "unknown price method". The calculation method adopted in China is the "unknown price method".