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Pricing A Mutual Fund: The NAV Factor; (For The Newbie Fund Investor)

TedTed
in Fund Discussions
FYI; A mutual fund does not have a “share price” like a stock. Rather, its price is the net asset value (NAV). NAV is calculated after adding the market value of all the securities and is then divided by the number of shares that fund investors own. Funds consider either the closing or last sale price of the securities and the value of other investments in its portfolio. Following this, fees and expenses are deducted and then divided by the total number of shares outstanding. NAV is calculated after the closing bell of the stocks exchanges.
Regards,
Ted
http://www.zacks.com/stock/news/153848/pricing-a-mutual-fund-the-nav-factor?article_id=153848&type=BLOG

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