Monthly Net Asset Value

The Board reports in its financial statement STIP investments on a Net Asset Value (NAV) basis.  Market value adjustments need to be reported on participants' financial statements.  The Board will provide the monthly NAV factor on its website by the 15th business day.  Participants can use this rate to calculate the market adjustment to be recorded on their financial statements.

The value of each participating dollar equals the fair value divided by the amortized cost.

As an example: if an agency has an account balance of $20,000,000.00 and the NAV factor is 1.000376, then the participant would report its NAV participation in STIP valued at $20,007,520.00 or $20,000,000.00 x 1.000376.

NAV factor