Net Asset Value (NAV)
StocksDefinition
Net Asset Value (NAV) is the value of a fund's assets minus its liabilities, divided by the number of shares or units outstanding. It represents the per-share value of a mutual fund or ETF and is calculated at the end of each investing day.
Example in context
If a mutual fund holds $10 million in assets, has $500,000 in liabilities, and has 1 million shares outstanding, its NAV is $9.50 per share.
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