How is the net asset value NAV of a mutual fund calculated quizlet?
How is the net asset value NAV of a mutual fund calculated quizlet?
The net asset value (NAV) per share of a mutual fund is determined by the market value of securities owned minus liabilities divided by the number of mutual fund shares outstanding. There is no limit on the number of open-end mutual fund shares that a company can offer.
What is net asset value with example?
“Net asset value,” or “NAV,” of an investment company is the company’s total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company’s NAV will be $90 million.
How do you find the NAV of a mutual fund which is deducted from the value of all assets owned by the fund?
The formula for Net Asset Value per share of a mutual fund is the market value of all fund investments (assets) minus any fund liabilities (for example, mutual funds can borrow from banks within limits, so any bank loans would be deducted). This gives Net Asset Value (NAV).
What is the CDSC?
A contingent deferred sales charge (CDSC) is a fee, sales charge or load, which mutual fund investors pay when selling Class-B fund shares within a specified number of years from the original purchase date. Sometimes, the finance industry may refer to a CDSC as an exit fee or a redemption charge.
How do I calculate net assets?
Net assets are the value of a company’s assets minus its liabilities. It is calculated ((Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities)).
What is the highest returning mutual fund?
Best-performing U.S. equity mutual funds
| Fund | Symbol | 3-year return |
|---|---|---|
| Fidelity Series Growth Company | FCGSX | 31.19\% |
| Fidelity Series Blue Chip Growth | FSBDX | 30.45\% |
| American Century Focused Dynamic Gr Inv | ACFOX | 30.08\% |
| Fidelity Growth Company K | FGCKX | 29.95\% |
How do C shares pay advisors?
C Funds that have lower investment minimums and carry a level-load structure. This sales charge is typically a recurring fee of 1\% that is used on an annual basis to compensate advisors. C shares do not include a front-end sales charge, but their expense ratio is typically higher than B shares.
How do you calculate net free assets?
Formula to Calculate Net Assets. Net Assets can be defined as the total assets. Total assets also equals to the sum of total liabilities and total shareholder funds. Total Assets = Liabilities + Shareholder Equityread more of an organization or the firm, minus its total liabilities.