The net fund value refers to the net fund unit value, that is, the total net fund assets divided by the total fund shares. Expressed by the formula: net value of fund unit = total net assets/fund share.

For example, if an investor redeems a fund and the total net assets on that day are 2000 yuan, the total share will be 1 000. If the fund is redeemed before 15, the net value of the redeemed fund is 2000/ 1 0,000 = 2 yuan.

Redemption after the day 15 shall be calculated according to the net value of the next day. If the total assets held by the investor are 2200 yuan the next day, the net value of the redeemed fund is 2200/ 1000=2.2 yuan.