Calculate NAV , getting odd figures

NewTraderAdventure · Apr 9, 2020

Trying to calculate the NAV of the ETF JETS , using the components , but getting a figure way too high using only a subset of the shares and their weights.

WTF?

https://www.usglobaletfs.com/fund/jets/#holdings

Added up the first 60 % or so , and get a number equal to the share price , which cant be right

Anyone care to explain this ?

FrankInLa · Apr 9, 2020

Southwest 13.5% holdings and Qantas 1.xx%? Quite the global jet etf

NewTraderAdventure said:
Trying to calculate the NAV of the ETF JETS , using the components , but getting a figure way too high using only a subset of the shares and their weights.

WTF?

https://www.usglobaletfs.com/fund/jets/#holdings

Added up the first 60 % or so , and get a number equal to the share price , which cant be right

Anyone care to explain this ?

NewTraderAdventure · Apr 13, 2020

typical the pinheads here have no clue

FrankInLa · Apr 13, 2020

Perhaps some don't bother with an ETF that is marketed incorrectly from the start.

NewTraderAdventure said:
typical the pinheads here have no clue

NewTraderAdventure · Apr 14, 2020

has nothing to do with my question

perhaps you cant read ?

FrankInLa · Apr 14, 2020

Did you Re-calculate? Probably a counting mistake on your end.

NewTraderAdventure said:
has nothing to do with my question

perhaps you cant read ?

NewTraderAdventure · Apr 14, 2020

FrankInLa said:
Did you Re-calculate? Probably a counting mistake on your end.

why dont you try it and get it right then
since you're so sure I cant count

FrankInLa · Apr 14, 2020

How large is your discrepancy?

NewTraderAdventure said:
why dont you try it and get it right then
since you're so sure I cant count

NewTraderAdventure · Apr 16, 2020

bigger than a fukking breadbox

ph1l · Apr 17, 2020

NewTraderAdventure said:
Trying to calculate the NAV of the ETF JETS , using the components , but getting a figure way too high using only a subset of the shares and their weights.

WTF?

https://www.usglobaletfs.com/fund/jets/#holdings

Added up the first 60 % or so , and get a number equal to the share price , which cant be right

Anyone care to explain this ?

Maybe some of the holdings have negative net assets.
https://bizfluent.com/info-8234450-can-assets-negative-balance-sheet.html