NAV is the per-share value of a fund calculated by dividing total net assets by shares outstanding. It's used to price mutual funds and as a reference for ETFs.
NAV = (Total Assets - Total Liabilities) / Shares Outstanding
A fund with $1 billion in assets, $10 million in liabilities, and 50 million shares has NAV = ($1B - $10M) / 50M = $19.80 per share.
AllInvestView displays NAV for mutual funds and ETFs. Learn more in our ETF investing guide.