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

  • The parties acknowledge the calculation of the intraday “floating” Net Asset Values are subject to the Fund’s policies on as of transactions, NAV error correction, and such other policies that may impact the calculation of a Fund’s Net Asset Value.

  • In the event Price Associates is the party responsible for causing an error in the computation of the net asset value for a Fund or share class of a Fund (“NAV Error”), the actions that are required to be taken as to such NAV Error shall be made in accordance with the Fund’s Net Asset Value Error Correction Policy and Procedures (“NAV Error Policy”).

  • BNY Mellon shall not be required to include as Fund liabilities and expenses, nor as a reduction of Net Asset Value, any accrual for any federal, state or foreign income taxes except as expressly required pursuant to the SLDs or unless the Fund shall have specified to BNY Mellon in Instructions the amount of or formula to compute the same to be included in liabilities and expenses or used to reduce Net Asset Value.

  • For the purpose of determining compensation payable to BNY Mellon, each Fund’s Net Asset Value shall be computed at the times and in the manner specified in the Fund’s Offering Materials.


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