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Start FreeCAIA Level I / Alternative investments / Sample lesson
Net asset value is the value of a fund’s assets after subtracting its liabilities. Dividing that amount by the number of units gives the net asset value per unit.
NAV per unit = (Assets - Liabilities) ÷ Units outstanding
For example, a fund with $12 million in assets, $2 million in liabilities, and 1 million units has a NAV of $10 per unit.
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Explore a sample from CAIA Level I.
Start FreeCAIA Level I · Flashcards: question
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CAIA Level I · Question insightsView full sizeDetailed explanations
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CAIA Level I · Detailed explanationsView full sizeResult analysis
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CAIA Level I sample session · Result analysisView full sizePractice the concepts behind private capital, hedge funds, real assets, and portfolio decisions as you prepare for both CAIA levels.
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Two levels with distinct topic weights, response formats, and portfolio-level decisions.
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Average component time
260 min
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260 minutes · Multiple choice
260 minutes · 100 MCQ + 3 constructed-response sets
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