Finance glossary
Net Asset Value (NAV)
Definition
The per-share value of a fund holdings.
NAV is a fund total assets minus liabilities, divided by shares outstanding, representing the value of one share. Mutual funds are bought and sold at NAV, calculated once daily after the market closes. ETFs trade near NAV but can deviate intraday.
In a sentence
The mutual fund priced its shares each evening at its Net Asset Value (NAV).
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