Premium/Discount % = (Market Price − NAV) ÷ NAV × 100
NAV = (Market Value of All Securities + Cash & Equivalents − Fund Liabilities) ÷ Total Shares Outstanding
| Bond Description | CUSIP | Par | Units | Price (%) | Market Value | % Port |
|---|
| ASSETS | |
| Portfolio Value | $0 |
| Cash & Equivalents | $500,000 |
| Total Assets | $0 |
| LIABILITIES | |
| Management Fees | $25,000 |
| Accrued Expenses | $15,000 |
| Total Liabilities | $40,000 |
| Net Assets | $0 |
| Shares Outstanding | 1,000,000 |
| NAV per Share | $0.00 |