Net asset value

It is the unit price of the share in an investment fund. It is calculated by dividing the assets of the fund by the number of shares in circulation at the time. At the same time, the assets are calculated according to the market prices of the assets and transferable securities that on that date are part of the fund portfolio (and are mostly traded in organized secondary markets), subtracting expenses and commissions. The management company calculates and publishes the net asset value of the fund on a daily basis (in some types of funds, it may be calculated less often).