What does net asset value (NAV) mean?

The net asset value (NAV) is the total market value of all the trust’s assets, minus any liabilities. The NAV per share is the net asset value of the trust divided by the number of shares.

THE SMALL PRINT

The value of investments and any income they produce can fall as well as rise and past performance is not an indicator of future performance. Investors may therefore get back less than invested and should be aware of this risk before investing.