First, holding less than the principal is not a loss. The fund holding share is calculated according to the fund net value, and the fund net value is also the price of a fund. The holding share is the current number (number of shares) of the fund and the present value of the fund held by the market value. The market value formula is market value = net value * share, so there will be cases where the holding share is less than the principal.

Second, it is normal to hold less than the principal. Each fund share represents the net value of the fund. The net value of the fund is constantly changing, and so is the total value. Total fund assets = net fund value × share. Even if the share is less than the principal, it cannot be considered as a loss. The shares held have nothing to do with the profit or loss of the investment.

Third, the position share is less than the principal because the net value of the fund unit is greater than 1. The fund position share is calculated according to the net fund value, and the subscription share = [subscription amount /( 1+ subscription rate) ]/T-day net fund share value.

For example, if an investor buys a fund product with a subscription rate of 654.38+100000 yuan, and the net value of the fund share on the subscription day is 654.38+0.0200, then the subscription share = 654.38+00000/654.38+0.0200 = 9803.92, and the investor's share.

4. The reasons for the difference between the holding share and the principal are as follows: First, the handling fee will be paid when purchasing the fund, which is generally deducted directly from the principal, resulting in the amount after purchase being less than the principal. For example, for Class A and Class C funds, the subscription fee will be directly deducted from the principal, which means that the subscription fee+the total market value of the fund is the principal.

The second point: the change of fund net value and the constant change of fund net value will lead to the change of fund assets. When the stock price changes, the holding share of the fund will not change, but the net value of the fund will change, which will also change the fund assets of investors.

The third point: Only when the net value of the fund is 1, the holding share of the fund will be the same as the principal. When the net value of the fund is greater than 1, the fund holding share is less than the purchase principal.

To sum up, fund holding share and fund assets are two concepts, and fund holding share changes due to the influence of fund net value.