Calculating share prices (What's is NAV?)

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NAV is the value per share of a mutual fund, at any given day or time. It is calculated by dividing the total value of all the assets in a portfolio, minus all its liabilities.

NAV calculation is impossible during market hours as the price of the underlying holdings change every minute, so mutual funds trade only once per day, after the markets close at 4 p.m. ET.

This means that any customer will receive the close of market price on the day they purchase or sell shares of a mutual fund, and that you will therefore not necessarily know the exact NAV when you buy or sell shares. 

For further reading: Morningstar NAV Explanation

Please note: The price you see on our site will accordingly reflect the previous day's closing price. Morningstar, Yahoo, or Google Finance are also great resources for finding the previous closing day’s prices. 

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