Due to southern fund's share conversion on April 3, 20 15, the fund share conversion ratio was 0.28032483, that is, multiple shares were merged into a new share according to the above ratio, resulting in a decrease in the overall fund share and an increase in the net fund share value.

The reason for the fund conversion is to convert the net value of the 500ETF into about11000 of the CSI 500 index, and the closing price of the CSI 500 index on April 15 was 8 122.893.

The cumulative net value is still calculated by 1 yuan, so there are cases where the net share value is greater than the cumulative net value.

Southern fund's announcement of conversion can be found on the Internet, and you can understand it at a glance.