Investment

Prices

 


The NAV Price is the value of the fund’s net assets relating to the portion of assets that form part of the ETF class of units, divided by the number of ETF units. All NAV Prices will be shown in Australian dollars except for the cross-listed NAV Prices which are in US dollars. A NAV Price will only be available whenever the relevant exchange is open for trading.  Accordingly, Vanguard will not strike a NAV Price for the Australian ETFs when the Australian Securities Exchange (“ASX”) is not open for trading; for a list of non-trading days on the ASX please see ASX Trading Calendar*. Similarly, Vanguard will not strike a NAV Price for the US Cross Listed ETFs when the New York Stock Exchange (“NYSE”) is not open for trading; for a list of non-trading days on the NYSE for the please see NYSE Calendar*.

The Domestic NAV Prices are usually published by 9am - 10am (EST) next business day. 

INAV

An indicative Intra-day Net Asset Value (INAV) for VAS, VLC, VHY, VSC and VAP is available on IRESS and will soon be available on Bloomberg. The INAV is updated every 15 seconds.

The INAV is calculated from the index basket for the ETF and the share price for each of the securities in the basket.

The INAV should be treated as indicative information only and does not represent the price at which the ETF units can be traded on the market or the Net Asset Value of the ETF.  You should consult with your broker or financial adviser regarding the market price of ETF units. 

To the extent permitted by law, Vanguard Investments Australia Ltd and its related bodies corporate as well as their respective directors, officers and employees accept no liability for any loss (whether direct or indirect, consequential, punitive or exemplary) resulting from any use of, or reliance on, the INAV.

Indicative methodology on how to calculate the INAV for share based ETFs.

The index basket for the ETF comprises the name of the shares, the quantity of the shares and an estimated cash component.

To calculate the INAV:

  • The quantity of individual shares in the basket is multiplied by the latest share price for that share.
  • This value is then summed across the different shares in the basket and then added to the estimated cash component to calculate a net market value for the index basket.
  • The net market value of the index basket is then divided by the creation unit size. For VAS and VAP this is 20,000 units.

The index basket can be sourced from the Vanguard website here.

Share prices can be sourced from a variety of pricing sources, such as the ASX website, general financial websites or your broker’s website. Alternatively they can be sourced from systems that specialise in the provision of financial data, such as IRESS, Bloomberg and Reuters.

 

Important notes about ETFs:

Only authorised trading participants under the Australian Securities Exchange (ASX) market rules can apply to create and redeem ETF securities directly with Vanguard.

Other investors must buy and sell ETF securities on the secondary market through the ASX, with the assistance of their broker or adviser. In doing so, the investor will incur brokerage and may pay more than the net asset value price when buying and receive less than the net asset value price when selling.

*Access ASX or NYSE Euronext (NYSE) information via the Vanguard website should not be construed as an endorsement or sponsorship by ASX or NYSE, or any of its affiliated companies, of Vanguard or any Vanguard ETFs or affiliated companies. Neither ASX nor NYSE or their affiliated companies recommend or make any representation as to possible benefits from any securities or investments. Investors should undertake their own due diligence regarding their securities and investment practices. The link has been provided by Vanguard Investments Australia Ltd with the consent of ASX and NYSE for the limited purpose of providing calendar information to Vanguard’s clients.

All ETF products are subject to market risk which may result in the loss of capital. Past performance is no guarantee of future results. Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263 / RSE Licence L0001335) is the product issuer. We have not taken your circumstances into account when preparing the above information so it may not be applicable to your circumstances. You should consider your circumstances and our Product Disclosure Statement or Prospectus before making any investment decision.

More about ETFs

 

Find out more

Call Vanguard Client Services on 1300 655 888, 8:00am to 6:00pm, Monday to Friday (Melbourne time) or email us.

Call us on 1300 655 101
GENERAL ADVICE WARNING

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263 / RSE Licence L0001335) is the product issuer. We have not taken yours and your clients' circumstances into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider yours and your clients' circumstances and our Product Disclosure Statement (PDS) or Prospectus before making any investment decision. You can access our PDS or Prospectus online or by calling us. This website was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not an indication of future performance.

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