Indicative Net Asset Value (iNAV)
Intraday estimate of an ETF or exchange-traded product's per-share portfolio value, useful as a reference but not an executable price or official NAV.
Premium-to-NAV, discount-to-NAV, and indicative NAV terms used in fund price analysis.
NAV Premiums, Discounts, and iNAV 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.
| Term | Use it for |
|---|---|
| Discount to NAV | A fund valuation, performance, yield, flow, or market-price term. |
| Indicative Net Asset Value (iNAV) | A fund valuation, performance, yield, flow, or market-price term. |
| Premium to NAV | A fund valuation, performance, yield, flow, or market-price term. |
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.
This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.
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Intraday estimate of an ETF or exchange-traded product's per-share portfolio value, useful as a reference but not an executable price or official NAV.