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A mutual fund has the following holdings: Company AAPL FB GOOG Shares owned 63,000 130,000 186,000...

A mutual fund has the following holdings:

Company AAPL FB GOOG
Shares owned 63,000 130,000 186,000
Stock price 219 216 1,183

The fund has issued 651,000 shares to investors. What is the NAV per share?

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Answer #1

AAPL: Number of Shares = 63000, Price per Share = $ 219

Value of AAPL shares = 63000 x 219 = $ 13797000

FB: Number of Shares = 130000, Price per Share = $ 216

Value of FB shares = 130000 x 216 = $ 28080000

GOOG: Number of Shares = 186000, Price per Share = $ 1183

Value of GOOG shares = 186000 x 1183 = $ 220038000

Total Value of Mutual Fund = 13797000 + 28080000 + 220038000 = $ 261915000

Number of Mutual Fund Shares Issued = 651000

NAV per Share = 261915000 / 651000 = $ 402.3271889 ~ $ 402.33

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