Not necessarily. If the low net value of the fund is caused by poor performance, that is not good. If the low net value of the fund is caused by dividends, that is good.

The net value of the fund is the price of the fund. The lower the net value of the fund, the lower the cost for investors to buy. On the contrary, the higher the net value of the fund, the higher the cost for investors to buy, and the greater the risk for investors.