Fund unit net value = (total assets - total liabilities)/total number of fund units. Total assets refers to all assets owned by the fund, including stocks, bonds, bank deposits and other marketable securities, etc.; total liabilities refers to the liabilities formed when the fund operates and finances itself, including fees payable to others, interest payable on funds, etc.; and the total number of fund units refers to the total number of fund units in issue at the time.
IOPV is the reference net value of the ETF's shares, which is calculated by the stock exchange according to the latest traded price of the portfolio securities in the list based on the calculation methodology provided by the fund manager and the subscription and redemption lists provided on a daily basis.The IOPV value is calculated and announced every 15 seconds as an estimation of the net value of the ETF's shares.