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How NAV prices purchases and redemptions
Net asset value, or NAV, is the value of a fund's assets minus its liabilities, divided by shares outstanding. It provides a dealing price, not a...
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Mutual Funds Investment Guide
Understand how mutual funds work, compare their costs and risks, and build a disciplined investment process. Follow eight stages from pooled ownership to portfolio construction and ongoing research.
Start with What you own when you buy a mutual fund, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Mutual Fund Foundations
Understand pooled ownership, pricing, subscriptions and distributions.