Net asset value

(redirected from Shareholders' Funds)
Also found in: Dictionary.
Related to Shareholders' Funds: Owners Equity

Net asset value (NAV)

The value of a fund's investments. For a mutual fund, the net asset value per share usually represents the fund's market price, subject to a possible sales or redemption charge. For a closed-end fund, the market price may vary significantly from the net asset value.

Net Asset Value

In stocks and businesses, an expression of the underlying value of the company. That is, it is a statement of the value of the company's assets minus the value of its liabilities. One way of thinking about the net asset value is that it is the underlying value of a company, not the value dictated by the supply and demand of shares or its market capitalization. It is also called the book value.

Net asset value (NAV).

The NAV is the dollar value of one share of a fund. It's calculated by totaling the value of all the fund's holdings plus money awaiting investment, subtracting operating expenses, and dividing by the number of outstanding shares.

A fund's NAV changes regularly, though day-to-day variations are usually small.

The NAV is the price per share an open-end mutual fund pays when you redeem, or sell back, your shares. With no-load mutual funds, the NAV and the offering price, or what you pay to buy a share, are the same. With front-load funds, the offering price is the sum of the NAV and the sales charge per share and is sometimes known as the maximum offering price (MOP).

The NAV of an exchange traded fund (ETF) or a closed-end mutual fund may be higher or lower than the market price of a share of the fund. With an ETF, though, the difference is usually quite small because of a unique mechanism that allows institutional investors to buy or redeem large blocks of shares at the NAV with in-kind baskets of the fund's stocks.

net asset value

the asset value of a company to its ordinary shareholders. This consists of the BALANCE SHEET value of total assets (FIXED ASSETS plus CURRENT ASSETS) LESS CURRENT LIABILITIES, DEBENTURES, LOAN STOCK and PREFERENCE SHARES. These net assets can be divided by the number of ordinary shares to indicate the net asset value per share.
References in periodicals archive ?
Insurance companies' disclosures show that a movement in interest rates of 100 basis points changes shareholders' funds by an average of about 15% of the major four non-life companies' shareholders' funds.
The Aon Benfield Aggregate (ABA) of 28 reinsurers reports shareholders' funds of $251 billion, an increase of $4 billion from the prior year's $247 billion.
The erosion of Weqaya Takaful's shareholders' funds due to start-up and early operational costs should cease during the fourth-quarter of 2011, as revenues balance expenditure for the first time.
Phillip Financials KK was founded in 2002 and is a member of the PhillipCapital group in Singapore with a total shareholders' fund of over US$300M and offices in over 10 countries in Asia and Europe, offering a wide range of financial products and services.
7pc on shareholders' funds for the year to the end of March, a period in which the total return from the FTSE All-Share index was a negative 29.
4million of it taken from shareholders' funds, which reduced the merged group's halime pre-tax profit last time to pounds 77.
calculated from the aggregate of shareholders' funds and all
25 million) to shareholders' funds, which occurred early in 2006.
He explains, "Both sectors are seeing increasing margins, steady or positive revisions to earnings estimates, and improving return on equity -- a key driver of valuation and an indication that firms remain disciplined in their use of shareholders' funds.
Best's projection for shareholders' funds for year-end 2005 is a 21% increase to GBP 255 million (USD 446 million).
Total shareholders' funds declined marginally to ZAR22,491 million.
ADCB's share capital is Total Shareholders' Funds as of 31.