Leverage ratio = agreed leverage ratio ×NAVc/NAVb.

Taking 201265438+1October 3 1 day as an example, the beta of Xincheng 500 is 0.9 14, the net value of the parent fund is 0.707, the net value of the sub-fund is 0.472, and the agreed initial leverage is10. Then, according to the above formula, it can be calculated that the actual leverage ratio of Xincheng 500B is 0.914×1.667× 0.707/0.472 = 2.281(times).