The net value of the fund is the net asset value of the fund represented by each fund share, which is equal to the total assets of the fund MINUS the total liabilities, divided by the total number of shares issued. The total assets of the fund refer to the sum of all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price. The total liabilities of the fund refer to the liabilities formed in the process of fund operation and fund raising, including the remuneration payable to the custodian or manager, interest payable, etc.