NAV
Net asset value — the per-share value of a fund's underlying holdings (total assets minus liabilities, divided by the number of shares). A fund's market price can trade slightly above or below its NAV.
Appears in these guides
Related terms
Related lessons
Expense Ratios & Fund Costs
The fee is the one thing you can control, and over decades it is enormous. What the expense ratio (OCF/TER) is, the brutal arithmetic of how a 1% fee compounds against you over 30 years, the hidden costs beyond the headline figure, and how to compare funds on what really matters.
Index Funds & Passive Investing
Arguably the most important idea in investing for ordinary people: owning the whole market cheaply instead of trying to beat it. What an index is, how index funds replicate it, why passive investing beats most active management after costs, and how regular investing turns it into a wealth-building habit.
Ironclad Research provides educational content only. Nothing on this platform is financial advice, a recommendation, or an offer to buy or sell any security. Always do your own research and consider professional advice before making financial decisions.