The net fund value is the net asset value of the fund unit, referred to as NAV, that is, the net value of each fund unit is equal to the balance of the total assets of the fund MINUS the total liabilities, and then divided by the total share of the fund unit. Refers to the balance of the total market value of fund assets after deducting liabilities at a certain point in time, which is the equity of fund share holders.

The calculation formula is: net asset value of fund units = (total assets-total liabilities)/total number of fund units.

Among them, total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time.

The total number of units of open-end funds changes every day, so the statistics after the end of the transaction on that day shall prevail. After the close of each trading day, the net asset value of the fund on that day is divided by the total number of newly confirmed fund shares on that day to get the net asset value of the unit on that day.

Net value of fund unit: it is an important indicator to reflect the performance of fund, and the transaction price of open-end fund is determined on the basis of the net value of each fund unit. Because the value of assets owned by the fund always changes with the fluctuation of the market, the net value of the fund will also change constantly.

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

For example, on February 2, 2006, the net value of a fund share was 1.0486 yuan, and the cash dividend distributed in April 2006 was 0.025 yuan per fund share, so the cumulative net value was =1.0486+0.025 =1.0736 yuan.