The daily mutual fund prices. One advantage of a mutual fund is the ease with which you can follow a fund s performance and the daily value of your investment.
Every day, mutual fund prices are listed in a special table in the financial section of many newspapers, including the Wall Street Journal. Stock funds and bond funds are listed together in a single alphabetical table, except that funds which are part of a major fund group are usually listed under the group heading Dreyfus, Fidelity, Oppenheimer, Vanguard, etc The listings somewhat resemble those for inactive over-the-counter stocks.
But instead of bid and asked, the columns are usually headed NAV and Offer Price. NAV is the net asset value per share of the fund. it is each share s proportionate interest in the total market value of the fund s portfolio of securities, as calculated each night It is also, generally, the price per share at which the fund redeemed bought back shares submitted on that day by shareholders who wished to sell The Offer Price offering price column shows the price paid by investors who bought shares from the fund on that day. In the case of a load fund, this price is the net asset value plus the commission 01 load In the case of a no-load fund, the symbol N.L. appears in the offering price column, which means that shares of the fund were sold to investors at net asset value per share, without commission. Finally, there is a column on the far right which shows the change in net asset value compared with the previous day. 8.6