Constant Net Asset Value definition

Constant Net Asset Value or “CNAV” means the investment fund seeks to maintain a stable $1.00 per share when shareholders redeem or purchase shares.
Sample 1

Examples of Constant Net Asset Value in a sentence

  • Vendor should describe in detail how the system will calculate income allocation and income distribution, for both positive and negative earnings, and for Constant Net Asset Value (CNAV) and Variable Net Asset Value (VNAV) pools as required in 4.5.3.5. The WVSTO prefers both the allocation and distribution be processed as batch transaction.

  • Account balance Vendor Response: Yes or No. Section 4, Subsection 4.5.3.3: Vendor must allow for the establishment of multiple, distinct investment pools, including Constant Net Asset Value and Variable Net Asset Value pools.

  • Account balance 4.5.3.3 Vendor must allow for the establishment of multiple, distinct investment pools, including Constant Net Asset Value and Variable Net Asset Value pools.

  • Vendor should describe the process for creating a Constant Net Asset Value (CNAV) pool.