NAV vs. market price: read the premium, not just the ticker
A worked guide to fund premiums and discounts, with dates, denominator checks and limits of comparing traded prices with reported NAV.
Read the guideUnderstand the number.
Original explanations, worked examples and a transparent view of what the data cannot tell us.
Inside the estimated NAV model: every step and its limits
How filing fair values, company valuation ratios, configured cash and share counts become an estimate—and why that estimate is not official NAV.
Read the guideLook through the fund: exposure, overlap and the missing slice
Calculate issuer exposure across funds without normalizing away missing holdings or confusing fund shares with direct ownership.
Read the guideA funding valuation is not a fund’s sale price
Why financing amounts, post-money company values, dilution and preferred share rights need different treatment in a look-through model.
Read the guideListed funds and interval funds: different liquidity, different prices
Understand why an exchange quote, a reported NAV and an interval-fund repurchase offer are different observations.
Read the guideThree dates to check before calling a valuation fresh
Distinguish filing dates, valuation-event dates and audit checks, and understand what the source calendar does—and does not—publish.
Read the guidePublished by NAV Monitor. Worked examples are illustrative and distinct from live fund data. Read the editorial and corrections policy.