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 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.

Net Asset Value means the net asset value determined as set forth in the Prospectus of each Fund.

Examples of Net Asset Value in a sentence

• Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

• Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received.

• Except as otherwise provided in this Trust Instrument, payment of the redemption price shall be in cash; provided, however, that to the extent permitted by applicable law, the Trustees may authorize the Trust to make payment wholly or partly in securities or other assets belonging to the applicable Series at the value of such securities or assets used in such determination of Net Asset Value.

• Without limiting the generality of the foregoing, the Trustees may (a) fix the Net Asset Value per Share of the initial capital contribution to the Trust or any Series or Class thereof, (b) impose sales or other charges upon investments in the Trust or any Series or any Class thereof or (c) issue fractional Shares.

• The Net Asset Value of each outstanding Share of any Class shall be the quotient obtained by dividing (a) the value of the net assets belonging to that Class less the liabilities belonging to such Class by (b) the total number of Shares of that Class outstanding, all determined in accordance with the methods and procedures, including without limitation those with respect to rounding, established by the Trustees from time to time.

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.

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.

Net Asset Value means the Net Asset Value of a Fund or attributable to a Class (as appropriate) calculated as referred to herein.

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;

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;

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.

Net Asset Value means the net asset value of each Series or Class of the Trust, determined as provided in Article VI, Section 1 hereof;