Mutual funds are priced once a day at their NAV per share. ETFs and closed-end funds trade on exchanges and can trade at a premium or discount to NAV.
How to use the NAV Calculator: Net Asset Value
- Total investments value
- Cash and cash equivalents
- Accounts receivable
- Short-term liabilities
- Long-term liabilities
- Shares outstanding
- Market price per share (ETF or closed-end fund)
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter the value of investments, cash, receivables, liabilities and shares outstanding, and optionally the market price.
Inputs explained
| Field | What to enter |
|---|---|
| Total investments value | Amount in your currency |
| Cash and cash equivalents | Amount in your currency |
| Accounts receivable | Amount in your currency |
| Short-term liabilities | Amount in your currency |
| Long-term liabilities | Amount in your currency |
| Shares outstanding | A number |
| Market price per share (ETF or closed-end fund) | Amount in your currency |
What each result means
- Fund assets = [Total investments value] + [Cash and cash equivalents] + [Accounts receivable]
- Fund liabilities = [Short-term liabilities] + [Long-term liabilities]
- Net asset value (NAV) = [Fund assets] – [Fund liabilities]
- NAV per share = [Net asset value (NAV)]÷[Shares outstanding]
- Premium (+) or discount (−) to NAV = ([Market price per share (ETF or closed-end fund)]÷[NAV per share] – 1)×100
Example values
How the main result changes when Total investments value changes and everything else stays at the example values above:
| Total investments value | NAV per share |
|---|---|
| 47,500,000 | 12.63 |
| 71,250,000 | 18.56 |
| 95,000,000 | 24.5 |
| 118,750,000 | 30.44 |
| 142,500,000 | 36.38 |
| 190,000,000 | 48.25 |
Formula
Fund assets = investments + cash + receivables
NAV = fund assets − short-term liabilities − long-term liabilities
NAV per share = NAV ÷ shares outstanding
Worked example
Inputs: Total investments value: $95,000,000; Cash and cash equivalents: $4,000,000; Accounts receivable: $1,000,000; Short-term liabilities: $1,500,000; Long-term liabilities: $500,000; Shares outstanding: 4,000,000; Market price per share (ETF or closed-end fund): $24.
Results: Fund assets = $100,000,000.00; Fund liabilities = $2,000,000.00; Net asset value (NAV) = $98,000,000.00; NAV per share = $24.50; Premium (+) or discount (−) to NAV = -2.04 %.
Frequently asked questions
What is NAV?
The value of a fund's assets minus its liabilities.
How often is NAV calculated?
Mutual funds calculate it at the end of every trading day.
Why do closed-end funds trade at a discount?
Supply and demand for the shares can differ from the value of the holdings.