Definition: The final per-share value of a fund is calculated at the end of each trading day. The closing NAV represents the total value of the fund’s assets minus its liabilities, divided by the number of outstanding shares.
Example: A fund with $50 million in assets, $5 million in liabilities, and two million outstanding shares would have a closing NAV of $22.50 per share.
Explore the IVP NAV Solution
The IVP NAV Solution makes it easy for funds to establish the closing NAV. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
