# Quoted details

## 1. New Gains

Return that was distributed on the last trading day.

New gains = position units * (NAV on day T – NAV on day T-1)

## 2. Position P/L

Sum of daily return generated by the current position.

## 3. Position Yield

A percentage indicates the income returned to its investors through interest and dividends generated by the position.

## 4. Diluted Cost

The diluted cost may vary from time to time due to changes in your position.

Diluted cost=(cumulative subscription amount - cumulative redemption amount) / position units

If there's a dividend payment, the value of dividends will be counted in the redemption amount, and the cost and position yield will be updated.

E.g. assume subscription and redemption of fund A (USD) are confirmed at the NAV as of day T.

● Day T: A client subscribed 1,000 units when NAV is 10.00 USD;

● Day T+1: The client subscribed another 1,000 units when NAV is 10.10 USD;

● Day T+2: The client redeemed 1,000 units when NAV is 10.20 USD.

 Day Transaction NAV Position Units Calculation Diluted Cost T +1000 10 1000 = (0+10*1000)/1000 10.00 T+1 +1000 10.1 2000 = (10*1000+10.1*1000)/2000 10.05 T+2 -1000 10.2 1000 = (10.05*2000-1000*10.2)/1000 9.90

## 5. Position Units

The number of units you hold in the fund.

## 6. Amount to be confirmed

Total dollar amount of pending subscriptions

## 7. Units to be confirmed

Total units of pending redemptions