NAV — Smart Financial Analysis
Calculate Net Asset Value per share. (Assets − Liabilities) / Shares. Premium/discount for ETFs and CEFs.
Why This Matters for Your Finances
Why: NAV (Net Asset Value) is the per-share value of a mutual fund or ETF. It equals (Total Assets − Total Liabilities) / Number of Shares. NAV represents the fair value of one share...
How: Enter Total Assets ($), Total Liabilities ($), Number of Shares to get instant results. Try the preset examples to see how different scenarios affect the outcome, then adjust to match your situation.
- ●NAV (Net Asset Value) is the per-share value of a mutual fund or ETF.
- ●NAV = (Total Assets − Total Liabilities) / Outstanding Shares.
- ●For mutual funds, you buy/sell at NAV—there is no separate market price.
- ●US mutual funds calculate NAV once daily, after the market closes (4 PM ET).
📋 Quick Examples — Click to Load
📊 NAV Calculation
📈 NAV Daily Trend
🍩 Asset Composition
⚠️For educational purposes only — not financial advice. Consult a qualified advisor before making decisions.
💡 Money Facts
NAV analysis is used by millions of people worldwide to make better financial decisions.
— Industry Data
Financial literacy can increase household wealth by up to 25% over a lifetime.
— NBER Research
The average American makes 35,000 financial decisions per year—many can be optimized with calculators.
— Cornell University
Globally, only 33% of adults are financially literate, making tools like this essential.
— S&P Global
NAV (Net Asset Value) is the per-share value of a fund: (Assets − Liabilities) / Shares. Mutual funds and ETFs calculate NAV daily, typically at 4 PM ET. The average US mutual fund NAV per share is around $9.80. Closed-end funds often trade at an 8–15% discount to NAV. Total US fund NAV exceeds $30 trillion.
Sources: SEC, ICI, Morningstar, FINRA.
Key Takeaways
- • NAV = (Total Assets − Total Liabilities) / Outstanding Shares.
- • Mutual funds trade at NAV; ETFs/CEFs can trade at premium or discount.
- • NAV is calculated daily after market close (4 PM ET).
- • CEFs often trade at 8–15% discount to NAV.
Did You Know?
How Does NAV Work?
Calculation
Assets = market value of all holdings (stocks, bonds, cash). Liabilities = payables, expenses. NAV = (Assets − Liabilities) / Shares. All holdings are marked to market daily.
Mutual Funds vs ETFs
Mutual funds: buy/sell at end-of-day NAV. ETFs: trade intraday at market price, which typically tracks NAV via arbitrage. ETF premium/discount is usually under 1%.
Closed-End Funds
CEFs have fixed share counts. They trade on exchanges. Market price often below NAV (discount). Discounts can indicate value or reflect liquidity/management concerns.
Expert Tips
NAV vs Market Price
| Fund Type | Trading | Typical Spread |
|---|---|---|
| Mutual Fund | At NAV | None |
| ETF | Market price | <1% vs NAV |
| Closed-End | Market price | 8-15% discount common |
Frequently Asked Questions
What is NAV?
NAV (Net Asset Value) is the per-share value of a mutual fund or ETF. It equals (Total Assets − Total Liabilities) / Number of Shares. NAV represents the fair value of one share based on the fund's underlying holdings. Mutual funds trade at NAV; ETFs can trade at a premium or discount.
How is NAV calculated?
NAV = (Total Assets − Total Liabilities) / Outstanding Shares. Assets include securities at market value, cash, receivables. Liabilities include payables, accrued expenses. The result is the NAV per share. Funds calculate NAV daily after market close (typically 4 PM ET in the US).
NAV vs market price: what's the difference?
For mutual funds, you buy/sell at NAV—there is no separate market price. For ETFs and closed-end funds, the market price can differ from NAV. ETF market price usually stays close to NAV due to arbitrage. Closed-end funds often trade at a discount (8–15% typical) or premium to NAV.
When is NAV calculated?
US mutual funds calculate NAV once daily, after the market closes (4 PM ET). ETFs publish an indicative NAV throughout the day (e.g. every 15 seconds) and an official NAV at market close. Some funds (e.g. money market) may calculate more frequently.
How does NAV work for closed-end funds?
Closed-end funds have a fixed number of shares. They trade on exchanges like stocks. The market price often differs from NAV—typically a discount of 8–15% is common. Discounts can widen in market stress. Premiums occur when demand exceeds supply.
What affects NAV daily?
NAV changes with: (1) market value of holdings (stocks, bonds), (2) dividends/interest received, (3) expenses accrued, (4) share creations/redemptions (ETFs), (5) distributions paid. For equity funds, daily NAV moves mainly with the market.
Key Statistics
Official Data Sources
⚠️ Disclaimer: This calculator is for educational purposes. NAV calculations vary by fund. Past NAV does not predict future performance. Not financial advice.