Most mutual funds invest money in hundreds of stocks, bonds, short-term securties, or other securities and assets; then, shares of the funds themselves are sold to individual investors. To understand how the value of a mutual fund's share is calculated based on the values of the assets it. holds, consider the following simplified example of a mutual fund that owns shares of only four different stocks: You can see from the table that the market value of the fund'e assets is: If the fund has $12,667.43 in labilites and 8,000 shares outstanding, the net asset value (NAV) of a share an this mutual fond is