Sentences with phrase «at net asset value per share»

Your redemption order will be processed at the net asset value per share of the fund next determined after receipt of your telephone redemption order by the transfer agent.

Orders received by the transfer agent in good order on or prior to the close of the fund will be processed at the net asset value per share of the fund for that day.

Your redemption order will be processed at the net asset value per share of a fund next determined after receipt of your telephone redemption order by the transfer agent.

Subject to acceptance by a fund, payment for the purchase of shares received by mail will be credited to a shareholder's account at the net asset value per share of the fund next determined after receipt, even though the check may not yet have been converted into federal funds.

Subject to acceptance by the fund, payment for the purchase of shares received by mail will be credited to a shareholder's account at the net asset value per share of the fund next determined after receipt, even though the check may not yet have been converted into federal funds.

The returns shown for Source Capital are calculated at net asset value per share, including reinvestment of all distributions.

Not exact matches

Shares of closed - end funds trade at their market price, which may be higher or lower than a fund's net asset value (NAV) per share.

BOSTON (March 12, 2018)-- MFS Investment Grade Municipal Trust (the «fund»)(NYSE: CXH) announced today that it will conduct a cash tender offer to purchase up to 7.5 percent of the fund's outstanding common shares (the «shares») at a price per share equal to 98 percent of the fund's net asset value (NAV) per share as of the close of regular trading on the New York Stock Exchange (NYSE) on the date the tender offer expires.

As of Friday, the trust's net asset value stood at $ 24.43 per share,» as per the WSJ.

Another advantage of mutual fund shares is that they can be bought and sold daily at a price that is calculated daily which is what as known as Net Asset Value per share.

NAV is determined at the end of each trading day by dividing the fund's net assets by the total number of fund shares.3 As of 12/31/2009, total net assets of VTSMX were $ 58,004,042,000 (about $ 58B) and there were 2,113,205,103 (about 2.1 B) shares; dividing the former by the latter yields a Net Asset Value per share of $ 27.45 (as of 12/31/2009net assets by the total number of fund shares.3 As of 12/31/2009, total net assets of VTSMX were $ 58,004,042,000 (about $ 58B) and there were 2,113,205,103 (about 2.1 B) shares; dividing the former by the latter yields a Net Asset Value per share of $ 27.45 (as of 12/31/2009net assets of VTSMX were $ 58,004,042,000 (about $ 58B) and there were 2,113,205,103 (about 2.1 B) shares; dividing the former by the latter yields a Net Asset Value per share of $ 27.45 (as of 12/31/2009Net Asset Value per share of $ 27.45 (as of 12/31/2009).4

Until 2014, money market funds were allowed to fix their net asset value (NAV) so it would always trade at $ 1 per share.

2Yields for the U.S. Treasury Money Market Portfolio represent the average daily dividends for the seven days, annualized by 365 days and divided by the net asset values per share at the end of the period.

After deducting total liabilities of $ 25M, we estimate IKAN's net current asset value at $ 60.8 M, and its liquidating value at $ 63.2 M or $ 2.19 per share.

Mutual fund shares / units are redeemable on demand at the fund's current net asset value per share (NAVPS).

Net asset value (NAV) at the end of September was reported at $ 29.70 per share of which $ 7.44 was in cash.

Based on its net cash / investments per share, plus a fund management valuation of 6.3 % * $ 46.4 bio of Assets under Management (AUM), I pegged FIG at a Fair Value of $ 7.80 per share.

At yesterday's close of $ 0.44, VVTV has a market capitalization of $ 14.8 M, which is half its net current asset value of around $ 29.5 M, or $ 0.88 per share and 20 % of our estimate of its value in liquidation of around $ 74.8 M or $ 2.23 per share.

Closed - end fund shares frequently trade at a discount to the fund's net asset value per share.

The goal of the investment managers of such funds is to attain a relatively attractive yield while maintaining the per share net asset value (NAV) at $ 1.

Your entire purchase price is invested in Fund shares at the net asset value («NAV») per share of the Institutional Class.

Our net tangible book value at March 31, 2012 was $ 0.24 per share and was determined by dividing our actual net tangible book value (total book value of tangible assets less total liabilities) on that date, by the number of outstanding shares (1,249,446) on March 31, 2012.

Government and retail money market funds try to keep their net asset value (NAV) at a stable $ 1.00 per share using special pricing and valuation conventions.

The price of one share of the mutual fund (usually called Net Asset Value (NAV) per share) is usually calculated at the close of business, and is, as the name implies, the net worth of all the shares in companies that the fund owns plus cash on hand etc divided by the number of mutual fund shares outstandiNet Asset Value (NAV) per share) is usually calculated at the close of business, and is, as the name implies, the net worth of all the shares in companies that the fund owns plus cash on hand etc divided by the number of mutual fund shares outstandinet worth of all the shares in companies that the fund owns plus cash on hand etc divided by the number of mutual fund shares outstanding.

Shares of closed - end funds trade at their market price, which may be higher or lower than a fund's net asset value (NAV) per share.

Under the SEC proposal, an ETF would be defined as a registered open - end management investment company that: • Issues (or redeems) creation units in exchange for the deposit (or delivery) of basket assets the current value of which is disseminated per share by a national securities exchange at regular intervals during the trading day; • Identifies itself as an ETF in any sales literature; • Issues shares that are approved for listing and trading on a securities exchange; • Discloses each business day on its publicly available web site the prior business day's net asset value and closing market price of the fund's shares, and the premium or discount of the closing market price against the net asset value of the fund's shares as a percentage of net asset value; and • Either is an index fund, or discloses each business day on its publicly available web site the identities and weighting of the component securities and other assets held by the fund.

The Company remains in capital compliance for all regulatory purposes despite severe write - offs; however, non-performing loans continue to increase; our purchase price of 1 1/4 compares with a stated net asset value at September 30, 1990 of $ 13.16 per share.

The shares of many closed - end funds, after their initial public offering, frequently trade at a price per share, which is less than the net asset value per share, the difference representing the «market discount» of such shares.

Orders received in good order after the close of the NYSE, or on a day it is not open for trading, are priced at the close of such NYSE on the next day on which it is open for trading at the next determined net asset value per share plus sales charges, if any.

Its net current asset value at the last reporting date was a little higher at around $ 180M or $ 1.77 per share.

At $ 3.73, VOXX is trading at a discount to its net current asset value and around two - thirds of our estimate of its liquidation value of around $ 5.61 per sharAt $ 3.73, VOXX is trading at a discount to its net current asset value and around two - thirds of our estimate of its liquidation value of around $ 5.61 per sharat a discount to its net current asset value and around two - thirds of our estimate of its liquidation value of around $ 5.61 per share.

The price that investors pay for mutual fund shares is the fund's approximate net asset value (NAV) per share plus any fees that the fund may charge at purchase, such as sales charges, also known as sales loads.

Net Asset Value (NAV): The price per share at which ProShares issues and redeems shares.

An ETF's net asset value per share at the close of each trading day is available on the fund's web page.

While maintaining a net asset value (NAV) at 1 $ per share, the money market fund focuses on earning interest for its shareholders.