Browse Investing

NAV and Per-Share Value Measures

Net asset value, NAV per share, and fund value terms used in fund pricing.

NAV and Per-Share Value Measures terms explain how funds calculate value, report performance, quote yields, handle flows, and trade at premiums or discounts to portfolio value.

Use this branch when the key issue is NAV, per-share value, offer price, historical performance, yield reporting, fund flows, or liquidity pressure.

Key Terms in This Branch

TermUse it for
Fund ValueA fund valuation term used to connect holdings to investor account value.
Net Asset ValueA fund valuation, performance, yield, flow, or market-price term.
Net Asset Value Per Share (NAVPS)A fund cost, compensation, share-class, or distribution term that affects investor net return.

What to Check

Check valuation time, portfolio inputs, stale or illiquid holdings, bid-ask spread, premium or discount, yield formula, distribution policy, flow pressure, and whether performance is before or after fees.

Common Mistakes

  • Comparing NAV, market price, offer price, and yield as if they were the same measure.
  • Ignoring stale pricing, illiquid holdings, and valuation timing.
  • Reading historical performance without checking survivorship or fee treatment.
  • Assuming high distribution yield equals high total return.

This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Fund Value

Fund value is the net value of a pooled investment vehicle after valuing assets and subtracting liabilities.

NAV

Per-share value of a fund's assets minus liabilities, used as the core pricing measure for many pooled vehicles.

Revised on Sunday, June 21, 2026