{"id":179926,"date":"2021-06-09T12:41:00","date_gmt":"2021-06-09T16:41:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/net-asset-value-nav\/"},"modified":"2025-04-14T16:09:37","modified_gmt":"2025-04-14T20:09:37","slug":"net-asset-value-nav","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/net-asset-value-nav\/","title":{"rendered":"Net Asset Value (NAV)"},"content":{"rendered":"\n<p><strong>Net Asset Value (NAV)<\/strong> is the per-share value of a mutual fund, exchange-traded fund (ETF), or other pooled investment at the end of a trading day. It represents the fund\u2019s total value, minus its liabilities, divided by the number of outstanding shares.<\/p>\n\n\n\n<p>NAV = Total&nbsp;Assets\u2212Total&nbsp;Liabilities \/ Number of Outstanding Shares<\/p>\n\n\n\n<p>Imagine a mutual fund owns $10 million worth of stocks and bonds and owes $100,000 in expenses. It has 1 million shares outstanding.<\/p>\n\n\n\n<p>NAV= 10,000,000 \u2212 100,000 \/ 1,000,000 =$9.90<\/p>\n\n\n\n<p>So, the <strong>NAV is $9.90 per share<\/strong>. If you want to buy into this fund, that\u2019s the price you&#8217;d pay per share (not including fees).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Calculated daily<\/strong> at market close (usually 4 p.m. ET in the U.S.)<\/li>\n\n\n\n<li>Used to price mutual funds\u2014but <strong>not ETFs<\/strong>, which trade like stocks and have prices that change throughout the day<\/li>\n\n\n\n<li>NAV doesn\u2019t reflect market demand or future potential\u2014just the fund\u2019s current accounting value<\/li>\n<\/ul>\n\n\n\n<p>IBKR Statements &#8211; NAV<\/p>\n\n\n\n<p>Net Asset Value (NAV) represents the total value of an account&#8217;s holdings. The NAV section of statements shows both Starting and Ending NAV for the reporting period, with all values displayed in the base currency. The report includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Starting NAV showing total values across asset classes<\/li>\n\n\n\n<li>Ending NAV broken down into:\n<ul class=\"wp-block-list\">\n<li>Long positions<\/li>\n\n\n\n<li>Short positions<\/li>\n\n\n\n<li>Total values<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Change amount between start and end of period<\/li>\n\n\n\n<li>Time Weighted Rate of Return percentage<\/li>\n\n\n\n<li>Change in NAV details including:\n<ul class=\"wp-block-list\">\n<li>Mark-to-Market changes<\/li>\n\n\n\n<li>Interest<\/li>\n\n\n\n<li>Fees and commissions<\/li>\n\n\n\n<li>Dividends<\/li>\n\n\n\n<li>Deposits\/withdrawals<\/li>\n\n\n\n<li>Position transfers<\/li>\n\n\n\n<li>FX translations<\/li>\n\n\n\n<li>Other account activities<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Values are provided for each asset class and totaled at the bottom of the section.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total value of your account. PortfolioAnalyst and Statements: Net Asset Value, or NAV, when used in PortfolioAnalyst reports and activity statements, represents Net Liquidation Value as of the date indicated in the report. This is the total value of an asset or assets as presented if you were to liquidate at that specific date. Mutual Funds: In the realm of mutual fund investing, Net Asset Value is the value of a mutual fund&#8217;s share calculated daily at the close of financial markets. The formula is: (Market value of each security in the fund&#8217;s portfolio + All other assets &#8211; All liabilities) Number of outstanding shares (units)<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13267,13251],"class_list":{"0":"post-179926","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-n","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"It represents the fund\u2019s total value, minus its liabilities, divided by the number of outstanding shares.\" \/>\n<meta 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