Net asset value

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Related to Net Asset Values: Net Asset Value Per Share

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 ?
The unaudited net asset values for BlackRock Emerging Europe plc at close of business on 9 December 2015 were:
The unaudited net asset values for BlackRock North American Income Trust plc at close of business on 9 December 2015 were:
The unaudited net asset values for BlackRock Latin American Investment Trust plc at close of business on 9 December 2015 were:
The unaudited net asset values for BlackRock Income and Growth Investment Trust plc at close of business on 9 December 2015 were:
The unaudited net asset values for BlackRock Smaller Companies Trust plc at close of business on 9 December 2015 were:
The unaudited net asset values for the ordinary shares of BlackRock Frontiers Investment Trust plc at close of business on 9 December 2015 were:
The unaudited net asset values for BlackRock Income Strategies Trust PLC at close of business on 9 December 2015 were:
Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.
For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).