The net assets of all share classes of the fund, recorded in millions of dollars. Net-asset figures are useful in gauging a fund’s size, agility, and popularity. They help determine whether a small-company fund, for example, can remain in its investment-objective category if its asset base reaches an ungainly size.
Benefits
This information can be useful in gauging a fund's mass and agility.
Origin
Net assets are calculated by the fund companies on a daily basis at the end of the trading day (usually around 3:30 ET, though this may vary). This calculation would include any transactions such as redeemed shares (before the end of trading), which would lower the total net assets by the corresponding amount.