Net Asset Value of the Fund definition

Net Asset Value of the Fund means the net asset value of the Fund as determined by subtracting the aggregate liabilities of the Fund from the aggregate value of the assets of the Fund on the date on which the calculation is being made, calculated by the Administrator.

Net Asset Value of the Fund means the net asset value of all of the Fund Units calculated in accordance with ITEM

Net Asset Value of the Fund means the aggregate value of the assets of the Fund, less the aggregate value of the liabilities of the Fund.

Examples of Net Asset Value of the Fund in a sentence

• The price of a Share is calculated by reference to the Net Asset Value of the Fund to which it relates.

• Net Asset Value of the Fund is determined by deducting the value of all the Fund’s liabilities from the value of all the Fund’s assets, at the valuation point.

• To the extent that the Fund utilises futures for efficient portfolio management purposes other than hedging, the Fund may be leveraged, but such leverage will not be material and will not, in any circumstances, exceed 100% of the Net Asset Value of the Fund at any time.

• The Company may only borrow on a temporary basis for the account of the Fund and the aggregate amount of such borrowings may not exceed 10% of the Net Asset Value of the Fund.

• The Net Asset Value of the Fund is determined by taking the total assets of the Fund and deducting the Fund’s liabilities.

More Definitions of Net Asset Value of the Fund

Net Asset Value of the Fund means the Net Asset Value calculated in accordance with the Constitution.

Net Asset Value of the Fund means the total asset value of the Fund less any fees or charges due and payable by the Fund.

Net Asset Value of the Fund means the aggregate Net Asset Value of all the Sub-Funds;

Net Asset Value of the Fund means the value of the Fund’s assets minus the value of the Fund’s liabilities (including any accrued IPA), as determined in the manner described under the heading “Information Concerning the Fund –Valuation of Investments”;

Net Asset Value of the Fund means the combined value of the Class Net Asset Value of the Fund for each class of Units as determined by the Trustee from time to time in accordance with the provisions of the Fund Agreement;

Net Asset Value of the Fund means the value of the Assets of the Fund minus the Fund Liabilities each of which is determined in accordance with the valuation policy of the Fund adopted by the Audit and Valuation Committee of the Fund from time to time;

Net Asset Value of the Fund or “NAV of the Fund” means the net asset value of the Fund, as determined by subtracting the aggregate liabilities of the Fund from the total assets of the Fund, as more fully described under “Calculation of Net Asset Value”.