Refers to: the reference net value of fund shares (IOPV) refers to the real-time market value of portfolio securities (including the expected cash portion) in the purchase and redemption list during trading hours, which is mainly used by investors for reference when trading, purchasing and redeeming fund shares.

formula

The reference net value of fund shares = (the sum of the substitution amount that must be replaced by cash in the purchase and redemption list+the sum of the securities that can be replaced by cash in the purchase and redemption list multiplied by the latest transaction price+the sum of the securities that cannot be replaced by cash in the purchase and redemption list multiplied by the latest transaction price+the estimated cash portion in the purchase and redemption list).

The fund share corresponding to the minimum purchase and redemption unit. The calculation of the reference net value of fund shares shall be rounded to three decimal places.

Refer to the above content: Baidu Encyclopedia-Fund Share Reference Net Value