As described in the prospectus, the NAV is calculated by a standard methodology. Typically this is set when the ETF’s underlying securities’ markets close. The closing market price however is the recorded last price of the trading day. This price tends to reflect the supply and demand at the time of market close. Any ETF can trade as late as 4:00 p.m. ET during the normal trading day session, however, in light volume ETFs, its last trade can occur much earlier in the day.

Closing prices displayed on this site are the official closing prices on the primary exchange that the fund is listed.

You may ask for a digital copy of the Prospectus instead of a physical paper version. Talk to your broker today to find out how you can “Go Green”. Digital versions of the prospectus also add the benefit of the search function for ease of finding and navigation throughout the document.