Indicative Net Asset Value (iNAV)
Candlefocus EditorIt is important to note that the indicative net asset value (iNAV) may not always be up-to-date, since securities prices may have gone up or down after the indicative net asset value (iNAV) was calculated. Also, the market price of the security may not be identical to the iNAV calculation, since other market factors such as liquidity, timing and commissions must be taken into account.
Investors should be aware of the differences between the indicative net asset value (iNAV) and the regular NAV. While indicative NAV is more timely and closer to reflecting the investable value of the security, NAV is generally considered to be more accurate. NAV is calculated by fund administrators at the end of the day and takes into account any changes in the market values of the securities held by the fund, as well as changes in the expense of the fund, such as management fees and investor charges.
It is important for investors to pay attention to the iNAV so that they are up-to-date with the latest prices of the investments they are interested in. The iNAV can give them a better idea of the current market value of the investment and can help them make more informed decisions. Additionally, it is important to keep a watchful eye on the difference between iNAV and NAV; while small deviations between the two prices are common, larger deviations may be indicative of market conditions that warrant further research.