National Instrument 81-102 Investment Funds
Part 1 Definitions and Application
Section 1.1 Definitions

net asset value

“net asset value” means the value of the total assets of the investment fund less the value of the total liabilities, other than net assets attributable to securityholders, of the investment fund, as at a specific date, determined in accordance with Part 14 of National Instrument 81-106 Investment Fund Continuous Disclosure;