> ## Documentation Index > Fetch the complete documentation index at: https://developer.tailwind.zone/llms.txt > Use this file to discover all available pages before exploring further. # assets under management > understanding assets under management ### aum concept * A core concept of [DAOs.FUN](http://DAOs.FUN) is **AUM** — Assets Under Management. * The AUM is the treasury that creators use to trade and invest in SPL tokens. * AUM is displayed on **your DAO’s homepage**. * Each DAO has a wallet where fund assets are stored. * On [DAOs.FUN](http://DAOs.FUN), all wallet assets are shown on your DAO page. * Anyone can send assets to this wallet, and the wallet's activity can be inspected on Solscan by clicking "Activity". L8CAP AUM Example ### net asset value (nav) * The **NAV (Net Asset Value)** is the **total sum of all assets under management**. * NAV is a key metric that users consider when **investing in DAOs**. * Wallet activities and holdings are **public and transparent** for anyone to inspect. ### display of assets * SOL and Wrapped SOL balances are always shown **first**. * All other asset positions are **listed in descending order** by market value. * Assets with **insufficient liquidity are grayed out**. This system prevents AUM bugs caused by tokens with inflated valuations in low-liquidity pools. * The following are **not currently included** in AUM calculations: * Liquidity pool tokens (e.g. Raydium LPs) * NFTs * Assets held in other wallets * Assets on other chains * Sometimes our spam assets will be included in the AUM and legitimate assets will not be included -- if this happens, please alert us, so we can fix it. ### why aum matters * DAO token holders care about AUM because it reflects **redemption value**. * A higher AUM = more perceived value and credibility for your DAO.