Net Asset Value (NAV)
DEFINITION
Net Asset Value, or NAV, is calculated by subtracting an entity's total liabilities from its total assets. In mutual funds and ETFs, NAV is commonly used as the per share or per unit price of the fund at a particular date or time.
ELI5
NAV tells you what a fund is worth after subtracting what it owes. It helps show the value of each share or unit.
