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How much fluctuation can a fund have in its market value while maintaining a stable NAV?

April 26, 2017fluctuation fund maintaining market NAV STABLE value

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How much fluctuation can a fund have in its market value while maintaining a stable NAV?

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A money market fund can report a stable $1.00 NAV if its per-share market value remains within one-half cent ($0.0050) of $1.0000—in other words, from $0.9950 to $1.0050.