What does NAVpU stand for in UITFs?

NAVpU stands for Net Asset Value per Unit. This term is crucial in the context of Unit Investment Trust Funds (UITFs) as it represents the total value of the fund’s assets minus its liabilities, divided by the total number of outstanding units. NAVpU is a key metric for investors as it indicates the current worth of one unit of the investment in the fund, allowing investors to determine the value of their holdings at any given time.

Monitoring NAVpU helps investors assess performance over time, compare against other investment options, and make informed decisions regarding buying or selling units in the UITF. Understanding NAVpU is essential because it reflects the fund's overall valuation and performance, which directly impacts investment returns.