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Net Asset Value (NAV)
Term category: Mutual Funds
In 10 words or less: The price to purchase one share in a mutual fund.

Definition: When talking about mutual funds, the net asset value (NAV) is the total value of the fund's holdings per share. This number is calculated daily after the market's close. A mutual fund with a NAV of $25.50 means it'd cost $25.50 for one share of that fund.

StockJargon Advice: The Net Asset Value is a lot like a stock price. It's the price of one share of the mutual fund. Mutual funds allow you to buy partial shares. So if you invest $100 in a fund with a NAV of $30, you'd get 3.333 shares.

To calculate how much a mutual fund has gone up in the last year, you divide it's current price by its price last year.

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