What does NAVPU stand for in the context of UITFs?

NAVPU stands for Net Asset Value Per Unit, which is a crucial concept in the context of Unit Investment Trust Funds (UITFs). It represents the value of a single unit of the UITF, calculated by dividing the total net assets of the fund by the total number of units outstanding. This calculation allows investors to understand the current value of their investment on a per-unit basis, which is essential for assessing performance, determining the right timing for buying or selling units, and evaluating changes in fund performance over time.

This term is fundamental for investors as it directly influences their decision-making and reflects the fund's performance. Understanding NAVPU helps investors gauge the market conditions and the value of their investments. The other options do not accurately represent standard terminology used within UITFs, making them less relevant.