What Is Net Asset Value (NAV)?
The per-share value of a fund, calculated as total assets minus total liabilities divided by the number of shares outstanding. Mutual fund NAV is computed at least once per business day after the market closes.
Net Asset Value (NAV) across 2 exams
Net Asset Value (NAV) appears on the following exams. Each defines it in the context candidates are tested on:
- Series 6
- The per-share value of a fund, calculated as total assets minus total liabilities divided by the number of shares outstanding. Mutual fund NAV is computed at least once per business day after the market closes.
- Series 66
- The per-share value of a mutual fund calculated by dividing total fund assets minus liabilities by the number of outstanding shares; updated daily at market close. Series 66 candidates must know NAV calculations for valuing mutual fund positions and understanding fund pricing mechanics.