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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Mohammad took a wrong turn as he drove from his home in Rochdale, Gtr Manchester, to a campsite near Windermere, but his Mini Countryman's sat nav insisted he was on the right track.
"So the thieves know if they can see the holder there might be a sat nav inside and they are quite expensive.
Four Sat Nav systems were stolen from vehicles on Tuesday - two in Brookfield and two parked up on Blue Bell Grove, Acklam.
That provision might give institutional prime funds a way to maintain a NAV of $1 by keeping their maturity at 60 days.
Claire Barker agreed: "I use a Sat Nav, but I also use my common sense and look at street signs."
The letter says moving to a floating NAV or adding a capital buffer would lessen MMFs' attractiveness, prompting companies to move funds offshore or to other, less regulated investments.
Whilst it's mainly men who blame their car damage on their Sat Nav, women are more likely to admit that it leads them astray.
I have been caught slightly twice - once when I was directed down a tram road in Sheffield but managed to extract myself and in going round two streets three times because the road I actually wanted was mirrored next to the one I was on and the sat nav could not differentiate.
It seems the number of in-car arguments caused by sat nav systems is wholly 'justified' as 28 per cent of men have been directed down an unsuitable road by the gadget.
Almost a quarter of users say they shout at their sat nav out of frustration over incorrect or inappropriate directions.
Johnson noted that two particular development motivated him to think of NAVS: economic development space has become increasingly crowded, both in our region and around the country, and technology, especially the Internet, has put a lot of information at the fingertips of clients.