NAV
Market basicsAlso called: Net asset value
Net Asset Value — a mutual fund’s holdings minus liabilities, divided by units outstanding.
In plain terms
A low NAV is not cheap. It reflects how long the fund has existed, not what it is worth.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Read the full lesson →