Assertion: fund's nav | /r/HasProperty | calculated by reference
Facets:
value: less its accrued liabilities
type: OTHER
Source sentences:
text: The NAV of a collective investment scheme (such as a U.S. mutual fund or a hedge fund) is calculated by reference to the total value of the fund's portfolio (its assets) less its accrued liabilities (money owed to lending banks, fees owed to investment managers and service providers, and other liabilities).