Value of Mutual Funds
A mutual fund's net asset value (NAV), or the dollar value of one share of the fund, tells you what the fund is worth based on the value of its underlying investments. NAVs change over time as the stock and bond markets move up and down, and the number of outstanding shares changes, though day-to-day differences may be small.
Unlike the market prices of stocks and exchange-traded funds (ETFs), a mutual fund's NAV is updated only once a day. The value is determined at 4 p.m. Eastern Time - at the end of each trading day - and remains in effect until the next trading day's close.
NAV is calculated by:
1. Multiplying the final prices of each of the underlying investments by the number of shares in each of the investments the fund owns
2. Subtracting operating expenses from the sum of these amounts
3. Dividing that number by the number of outstanding shares
Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund or Exchange-Traded Fund (ETF) carefully before investing. A prospectus contains this and other information. A mutual fund prospectus is available through www.scottrade.com or through a Scottrade branch office. An ETF prospectus can be obtained directly from the issuer. The prospectus should be read carefully before investing.
| No related Articles |
| No related Articles |
| No related Articles |
| No Events Scheduled. |
With more than 500 branch offices nationwide, Scottrade offers live events in neighborhoods all over the country. Visit your local Scottrade office for a cozy small-group Branch Seminar, or get together with Scottrade customers from your area at our popular User Summits.
Browse All Live Events >Stream live, interactive presentations right to your computer! Check back every week for new Live Webinars on a variety of topics including:
- Market analysis
- Basic & advanced orders
- Research tools
Education meets interaction in the Scottrade Community. Join Scottrade customers from all over the country as you exchange information, ideas and trading strategies in a comfortable online learning environment.
Interact with Scottrade customers and product specialists. Share your thoughts and learn from others. Grow as an investor. Join our community today!
Learn More About the Community >



