The net value is the price of fund transaction (subscription or redemption), in which management fees, custody fees and other expenses have been deducted except the handling fee for subscription or redemption.

Net fund value, that is, the net fund assets represented by each fund unit. The formula for calculating the net asset value of fund units is: net asset value of fund units = (total assets-total liabilities)/total number of fund units.

The accumulated net value is based on the unit net value and the historical dividend amount of the fund. Namely: cumulative net value = cumulative dividend+unit net value.

For example, the assets of a listed company add up to one billion. He issued 1 100 million copies! Then his net worth is ten yuan each.

After a year, the fund earned a dime when it was settled again, so its accumulated net value was10+0.1=10.1yuan. If he pays a dividend of 0.05 yuan per share, his net assets are10+0.1-0.05 = 65438.

Since the prices of stocks and bonds held by the Fund basically change every trading day, the unit net value of each trading day also changes, which is rarely the same as the previous day. After the stock market closes every day, the fund company will summarize the closing prices of stocks and bonds on that day and calculate the unit net value of the fund's subscription and redemption shares, and announce them one after another from 18: 00 to 2 1: 00.

Management fees and custody fees have been deducted from the net value of the fund unit. The subscription and redemption of open-end funds are calculated at this price, but the redemption fee should be deducted when redeeming.