The net asset value, or NAV, of a fund is the per-share value of a fund’s underlying assets at the close of the trading day. It’s different from the market price of an exchange-traded fund, or ETF, ...

Imagine you and a group of friends pool your money to buy a giant pizza. Each person contributes a certain amount, and the total cost of the pizza is divided among all of the members in the group. The ...

Net asset value, or NAV, represents the value of an investment fund and is calculated by adding the total value of the fund’s assets and subtracting its liabilities. Mutual funds and ETFs use NAV to ...

What is net asset value? For non-traded real estate investment trusts, it varies from one to the next — meaning investors cannot necessarily trust them. That may explain why those funds’ NAVs have ...

A version of this article was published in the July 2016 issue of Morningstar ETFInvestor. Download a complimentary copy of ETFInvestor here. The exchange-traded fund marketplace is littered with a ...