NAV of the Fund definition

NAV of the Fund means (i) the aggregate value of the assets of the Fund, less (ii) the aggregate value of the liabilities of the Fund (the Preferred Shares will not be treated as liabilities for these purposes), including any distributions declared and not paid that are payable to Shareholders on or before such date, less (iii) the stated capital of the Class B Shares ($1,000) as described in the current annual information form of the Fund.
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NAV of the Fund means the net asset value of the Fund calculated as described under the heading “Valuation of the Fund”;
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Examples of NAV of the Fund in a sentence

  • However, a 5% allowance in excess of any limit or restriction may be permitted where the limit or restriction is breached through the appreciation or depreciation in the NAV of the Fund (as a result of an appreciation or depreciation in value of investments or as a result of the purchase of Units or payment made from the Fund).

  • This in turn may cause the NAV of the Fund or prices of units to fall.

  • If the Shariah-compliant warrant is not exercised on or before the expiry date, the Shariah-compliant warrant will have no value and negatively impact the NAV of the Fund.

  • Fluctuation in the investments’ prices caused by uncertainties in the economic, political and social environment will affect the NAV of the Fund.

  • Any downward movement of the value will negatively impact the NAV of the Fund.

  • Therefore, the NAV of the Fund may also tend to fall when interest rates rise or are expected to rise.

  • The fixed administration fee is calculated daily as a fixed annual percentage of the average NAV of the Fund.

  • The NAV per unit of each Class will be the NAV of the Fund attributable to each Class divided by the number of units in circulation of that Class, at the same valuation point.

  • The MCR is calculated by dividing the NAV (in USD) of the respective Class by the NAV of the Fund before income and expenses for the day.

  • An exit charge is only likely to arise if more than 5.00% of the NAV of the Fund is redeemed on any singular Dealing Day.

Related to NAV of the Fund

  • 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.

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