Fund NAV definition

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 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 on any date of calculation, an amount (determined, as applicable, in accordance with the Valuation Methodology) equal to the excess of a) the sum of: 1) the aggregate Market Value of all Cash Equivalents held by the Fund (excluding Cash Equivalents held as Cash Margin) on such date; 2) the aggregate Market Value of all Treasury Zeroes, Agency Zeroes and Treasury Notes held by the Fund on such date; 3) the aggregate Cash Margin; 4) the aggregate Market Value of all Long SPX Put Options and Short SPX Call Options entered into by the Fund; 5) to the extent not included in the foregoing, an amount equal to the aggregate amount of interest and dividend receivables and receivables for securities sold payable to the Fund; 6) an amount equal to the aggregate amount payable to the Fund by the Manager pursuant to the Investment Management Agreement on account of expenses incurred by the Fund that are subject to reimbursement by the Manager; and 7) the dollar value of net receivables for the Fund reflected in the Fund's trial balance, to the extent not already reflected above. b) an amount equal to the aggregate amount of the liabilities allocated to the Fund as reflected in the Fund's trial balance, including but not limited to all amounts payable by the Fund in respect of securities purchased and the amount of debt (principal plus accrued interest) incurred by the Fund; provided, however, that any receivable ascribed to the Agreement shall be excluded when calculating the Fund NAV.
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Examples of Fund NAV in a sentence

  • After the pre-manager change period, CLIML paid the administration fee to Mackenzie for providing day-to-day administration services, including, financial reporting, communications to investors and securityholder reporting, maintaining the books and records of the Fund, NAV calculations, and processing orders for securities of the Funds.

  • Management Fees and Operating Expenses (cont’d)After the pre-manager change period, CLIML paid the administration fee to Mackenzie for providing day-to-day administration services, including, financial reporting, communications to investors and securityholder reporting, maintaining the books and records of the Fund, NAV calculations, and processing orders for securities of the Funds.

  • This could result in a noticeable decrease in the Fund NAV, in addition to the risk of suspending trading in a company in which the Fund invests.

  • Today, we have a prison-­industrial complex expanded to include immigration detention.

  • The Fund Manager will take the necessary corrective actions and notify the CMA immediately in the event the Fund NAV is less than SAR 10 million (unless a waiver or deferral has been obtained from the CMA in this regard), and the Fund Manager may liaise with the CMA in this regard.

  • The Fund Manager will take the necessary corrective actions and notify the CMA immediately in the event the Fund NAV is less than SAR 10 million, and the Fund Manager may liaise with the CMA in this regard (unless a waiver has been obtained from the CMA in this regard).

  • At its hearing on January 30, 2023, Senate Bill No. 1426 was referred to the Senate Committee on Government Operations (GVO) and JDC.

  • The Fund Manager may seek finance for the Fund, provided that any borrowed amount shall not exceed 10% of the Fund NAV and that the period of such financing shall not exceed one year, except borrowing from the Fund Manager or any of its Affiliates to cover redemptions.

  • As such, capital markets decline during economic recessions, which could lead to the decline of the Fund NAV.

  • Management Fees and Operating Expenses (cont’d)After the pre-manager change period, CLIML paid the administration fee to Mackenzie for providing day-to-day administration services, including, financial reporting, communications to investors and securityholder reporting, maintaining the books and records of the Fund, NAV calculations, and processing orders for securitiesof the Funds.


More Definitions of Fund NAV

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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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 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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Related to Fund NAV

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

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

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

  • 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.

  • 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.

  • BCP means BCP Asset Management Limited and its successors, assigns and transferees.

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

  • 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.