Fund NAV definition

Fund NAV means the official closing price or net asset value (NAV) or other liquidation value for the shares or units in the relevant Fund as published by the relevant fund manager, calculation or publication agent or administrator in respect of such Fund as per the relevant date;
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Fund NAV means the net asset value of the Fund, as calculated in accordance with Paragraphs 5.6 and 5.7.
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Fund NAV means the value of the Fund Assetsprevailing as at the close of business on the relevant Valuation Day, less all Fund Liabilities calculated on that Valuation Day. “Historical Financial Performance” means the historical financial performance of the Fund as summarized in Section 5 )“Fees, Charges, and Expenses”) of this Information Memorandum.
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Examples of Fund NAV in a sentence

  • The Management Company may announce a suspension or deferral of redemption and such a measure shall be taken to protect the interest of the Unit Holder(s) in the event of extraordinary circumstances or in the event redemption requests accumulate in excess of ten percent of the Units in issue or 10% of Fund NAV.

  • Its amount shall be determined by adjusting the Opening Capital Account of the Limited Partner for the Accounting Period as follows: Any increase or decrease in the Fund NAV for the Accounting Period shall be credited or debited (as the case may be) Pro Rata to the individual Opening Capital Accounts of all Limited Partners, including the General Partner.

  • However, if the General Partner determines that any increase or decrease in Fund NAV is not attributable to a particular Class, the item shall be allocated among all Capital Accounts according to the Fund Percentage of each Capital Account.

  • The NAV of the Fund (“Fund NAV”) and of any Class (“Class NAV”) is the net assets of the Fund or the Class, as of the close of business on the Valuation Date, determined in accordance with Section 5.4. Net assets of the Fund and of each Class are its assets minus its liabilities, as set forth more fully in this Section 5.3. Class NAV may include the Class’ share of Fund NAV not associated with another particular Class.

  • The Organizational Expenses that are borne by the Fund shall be amortized for the purpose of calculating the Fund NAV and for U.S. federal income tax purposes (pursuant to Code Section 709) without interest over the first one hundred eighty (180) months following the Initial Closing.


More Definitions of Fund NAV

Fund NAV means the sum of the NAV and the “net asset value” of each Parallel Fund, in each case as defined in, and calculated in accordance with the terms of, the applicable Parallel Fund Agreement.
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Fund NAV means on any date of calculation, an amount (determined, as applicable, in accordance with the Valuation Methodology) equal to the excess of
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Fund NAV means the net asset value per unit or share of a Fund comprising the Benchmark Portfolio as communicated by the manager of the Fund on any Fund Business Day;
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Related to Fund NAV

  • Fund Source means any direct or indirect sum payable to the Contractor by the County pursuant to any lawful obligation.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Local fund means any of the local retirement funds for

  • Program fund means the program fund established under section 12D.4.

  • Fund Value means the separate account assets associated with the Variable Annuity Business.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Special Fund means any fund other than the city general fund.

  • Fund Assets means the net assets of the Fund managed by the Subadviser for which the fee is being calculated;

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement: