Net Asset Value definition

Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.
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Net Asset Value means the per share value of a Fund, or in the case of a Fund with multiple classes of shares, the per share value of a class, calculated in the manner described in the Funds’ Offering Materials.
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Net Asset Value means the net asset value determined as set forth in the Prospectus of each Fund.
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Examples of Net Asset Value in a sentence

  • To the extent permitted by Section 8.1 above, Common Shares may be repurchased at their Net Asset Value or at such other price as is in compliance with the 1940 Act or any exemption therefrom, which may be reduced by any sales charge, withdrawal charge, or any other form of charge authorized by the Trustees.

  • With respect to Common Shares, Net Asset Value shall be determined as set forth in Article VIII hereof as of such time as the Trustees shall have theretofore prescribed by resolution.

  • The Trust may repurchase Common Shares directly, or through the Distributor or another agent designated for the purpose, by agreement with the owner thereof, or an agent designated by such owner, at a price not exceeding the Net Asset Value per share determined as set forth in Article VIII hereof as of the time specified in the prospectus of the Trust at the time in effect.


More Definitions of Net Asset Value

Net Asset Value means the net asset value of each Series of the Trust, determined as provided in Article VI, Section 3.
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Net Asset Value means the Net Asset Value of a Fund or attributable to a Class (as appropriate) calculated as referred to herein.
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Net Asset Value means the net asset value of each Series of the Trust determined in the manner provided in Article IX, Section 9.03 hereof;
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Net Asset Value means the net asset value of each Series of the Trust or Class thereof determined in the manner provided in Article X, Section 3;
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Net Asset Value means the net asset value of each Class of the Trust determined in the manner provided in Section 7.7 hereof;
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Net Asset Value means the net asset value of each Series or Class of the Trust determined in the manner provided in Section 7.4 hereof, and “Net Asset Value per Share” has the meaning assigned in Section 7.4 hereof.
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Net Asset Value means the net asset value of a Sub-Fund or, as the context may require, the net asset value of a Unit calculated under the Trust Deed.
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