Mutual Funds
Net Asset Value
The per-share value of a fund based on its assets minus liabilities.
Also called: NAV
What it means
Net asset value, or NAV, is the value of a fund’s assets minus its liabilities, divided by the number of shares outstanding. Mutual funds are usually priced once per day at their NAV.
Why it matters
It helps users understand how mutual fund pricing works and why it differs from intraday ETF trading.