Net asset value - Net Asset Value (NAV): Formula and NAV Per Share Calculation

An may trade at a premium or a discount to its NAV at any given time.

Mutual funds usually pay out all of their income and gains to their shareholders on a regular basis, the NAV is often a crude measure of performance for these funds because those regular payouts decrease the NAV.

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This means that these values are not represented in the NAV values when you compare two dates.

These records track investor and investment activity and well and expenses accrued.

However, companies generally use a net asset or calculation.

However, the NAV doesn't provide a performance metric for the fund.