The NAV of which funds is fixed at $1 per share?

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Money market funds are designed to maintain a stable $1 per share NAV. This means that the value of the shares should not fluctuate significantly, which makes them a popular choice for investors who prioritize capital preservation over growth. Equity and fixed-income funds, on the other hand, can experience significant fluctuations in NAV based on market conditions and the performance of the underlying assets. Commingled funds are a type of investment vehicle that pools assets from multiple investors, but they do not necessarily have a fixed NAV.

The NAV of Which Funds Is Fixed at $1 Per