Net asset value (NAV), which is the value of all fund assets (less liabilities) divided by the later in this guide, many closed-end funds trade at a discount to NAV.

Crush Your Tax Bill. Bag 4.3% Dividends (with Upside). Here’s How. An ETP may trade at a premium or discount to its net asset value (NAV) (or indicative value in the case of exchange-traded notes). The degree of liquidity can vary significantly from one ETP to another and losses may be magnified if no liquid market exists for the ETP's shares when attempting to sell them. Let's assume that the market price is $18 per share and that NAV is $20. In this case, the closed-end fund sells at a discount of $2 per share. On a percentage basis, the fund sells at a discount of 10% ($2 divided by $20). Over that period, as Chart 1 shows, when Green Street’s estimate of the average stock price discount to NAV ended a month in the range of between -3.6% and -10.1%, total returns over the next five years averaged 14.8% per year (with a median of 16.4%). Last year, the fund returned 14.5%, beating 99% of peer funds. It is trading at a 14.3% discount to NAV. The open-end fund is trading at $10 at a 7% yield. The closed-end fund is trading at a 10% discount, and its NAV has a 7% yield. Buying the closed-end fund offers roughly the same pool of assets. But instead of an investor pocketing a 7% yield, it would be closer to 8 in the closed-end fund.

This means shares sell at a 9 percent discount to NAV. Using a different example, assume a fund’s share price is 105 percent of NAV. Subtract 105 from 100 to get negative 5 percent, or an absolute value of 5 percent.

A list of ETFs by discount/premium to NAV, page 1, from ETF Channel. MLP ETFs Trading at a Huge Discount to NAV T he collapse in oil price has battered the energy sector as a whole, not sparing the master limited partnerships (MLPs) either. In fact, some MLP ETFs Crush Your Tax Bill. Bag 4.3% Dividends (with Upside). Here’s How. An ETP may trade at a premium or discount to its net asset value (NAV) (or indicative value in the case of exchange-traded notes). The degree of liquidity can vary significantly from one ETP to another and losses may be magnified if no liquid market exists for the ETP's shares when attempting to sell them. Let's assume that the market price is $18 per share and that NAV is $20. In this case, the closed-end fund sells at a discount of $2 per share. On a percentage basis, the fund sells at a discount of 10% ($2 divided by $20). Over that period, as Chart 1 shows, when Green Street’s estimate of the average stock price discount to NAV ended a month in the range of between -3.6% and -10.1%, total returns over the next five years averaged 14.8% per year (with a median of 16.4%).

21 May 2019 The NAV is the 'Net Asset Value' per share of the underlying portfolio. When an LIC trades at a 20 per cent discount, investors in theory are 

21 May 2019 The NAV is the 'Net Asset Value' per share of the underlying portfolio. When an LIC trades at a 20 per cent discount, investors in theory are  25 Sep 2019 Unlike many funds today, the market has not bid up this one and it still trades at a fairly attractive discount to NAV. Looking for a portfolio of  26 Sep 2018 Conversely, when there are more investors selling, its shares may fall to a discount below the net asset value. Net asset value or NAV is the term  25 Mar 2013 If the trust is trading at a discount, the opposite is the case. The share price will be less than the NAV per share. So why would anyone pay more  2 Jan 2019 U.S. equity REITs finished 2018 trading at a 17.7% median discount to their S&P Global Market Intelligence consensus net asset value  15 Nov 2018 Yet EFA trades continuously through 4 p.m. ET. When after-hours security trading or currencies go wild after 10 a.m. ET, EFA's NAV is bound to be 

23 Dec 2016 One has to do with the difference between net asset value, or NAV, and market value. that professional traders do constantly throughout the trading day. an ETF falls, and you can therefore buy shares at a discount to NAV, 

15 Nov 2018 Yet EFA trades continuously through 4 p.m. ET. When after-hours security trading or currencies go wild after 10 a.m. ET, EFA's NAV is bound to be  Price, NAV, Premium/ Discount. Current, $18.21, $19.23, -5.30%. 52 Wk Avg, $24.37, $22.98, 6.06%. 52 Wk High, $25.70, $23.67, 12.07%. 52 Wk Low, $17.24   Conversely, if the market price is lower than the NAV, the fund is trading at a discount. This can be considered an advantage of closed-end funds over open- end  All Funds; Most Common Criteria; National Municipals; Discount Evaluation NAV returns are net of expenses, and assume reinvestment of distributions. 5 Jul 2019 Any stated percentage limit of variation from NAV could be susceptible take effect when there is a large discount to NAV, but may also be used in a closed- ended arrangement sometimes trade at or close to NAV does not 

Frequency Distribution of Premiums and Discounts shows the number of trading days in which the Fund traded within the premium/discount range indicated.

7 Sep 2016 Seaboard (SEB) is global commodities/energy/shipping company that trades at approximately a 23% discount to net asset value. The shares  to understanding why the shares of closed-end mutual funds often trade at a discount of 10 percent or more to their net asset value (NAV). Although a variety of  Frequency Distribution of Premiums and Discounts shows the number of trading days in which the Fund traded within the premium/discount range indicated. This results in closed-end funds trading at a discount or premium to the market value Discounts to net asset value often arise due to the closed-end fund's poor  13 Nov 2018 “But with the shares trading near five-year lows and on a 38% discount to their stated net asset value per share (NAV) you can see why 

The share price of an investment trust can differ from the net asset value (NAV). If the current share price is below the NAV, the investment trust is said to be trading   Net asset value (NAV), which is the value of all fund assets (less liabilities) divided by the later in this guide, many closed-end funds trade at a discount to NAV.