NAV and Per-Share Value Measures

NAV measure pages explain the asset-value calculations behind mutual fund and ETF pricing.

This subsection keeps value measures distinct from market-price premiums and discounts.

In this section

• Fund Value
  Learn what fund value means as the value of a pooled investment vehicle after aggregating its assets and accounting for liabilities.
• Net Asset Value
  Per-share value of a fund's assets minus liabilities, used as the core pricing measure for many pooled vehicles.
• Net Asset Value Per Share (NAVPS): Meaning and Example
  Learn what net asset value per share means and how it translates a total net-asset figure into a per-share valuation measure.