| How to Read Mutual Fund Information From a Newspaper |
The mutual fund table appears in many daily newspapers. Mutual funds appear in the table in alphabetical order by mutual fund family.
Most newspapers list the following:
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The fund column is the abbreviated fund's name. Several funds listed under a
single heading indicates a family of funds.
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The Net Asset Value (NAV) per share column lists the NAV as of the close of
the preceding business day. In some newspapers, the NAV is identified as the
sell or the bid price--the amount per share you would receive if you sold your
shares (less the deferred sales charge, if applicable). Each mutual fund
determines its net asset value every business day by dividing the market value
of its total assets, less liabilities, by the number of shares outstanding. On
any given day, you can determine the value of your holdings by multiplying the
NAV by the number of shares you own.
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The Net Asset Value Change column shows the change, if any, in net asset
value from the preceding quotation--in other words, the change over the most
recent one-day trading period.
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