NAV calculation details

NAV summary

The NAV summary tab shows you the net asset value of the entire fund calculated as the fund’s gross asset value (GAV) subtracted by the fund’s fees:

Equation 21.

N e t_a s s e t_v a l u e_{f u n d} = G A V_{f u n d} - F e e s_{f u n d}

Click an item to view more information in the details pane on the right.

The Current column shows the items used to calculate the current (accepted or calculated) net asset value for the fund on the chosen date. The Previous columns shows the items used to calculate the fund’s net asset value accepted before the chosen date. The Change column shows the change between the current and previous calculation values.

Table rows

Gross asset value: The value of the fund’s assets calculated as a sum of the items listed under it.
Market value of investments: The total market value of the fund’s investments. The details pane shows market value by portfolio position.
Accrued interest: The total value of accrued interest for the fund’s investments. The details pane shows the accrued interest value per position.
Account balances: The total value of the fund’s accounts. The details pane shows the fund’s cash accounts and balances.
Accrued account interest: Interest accrued on the fund's cash accounts.
Receivables: The total value of the fund’s unsettled dividends, coupons and security sells, or prepaid security purchases. The details pane shows unsettled transactions in the fund portfolio.
Liabilities: The total value of unsettled security purchases in the fund portfolio. The details pane shows unsettled transactions that make up the total liabilities amount.
Previous accrued receivables: The total value of non-cash payments accrued by the moment of NAV calculation. The details pane shows receivables summed by transaction type.
FX hedging: The hedge value for current and previous NAV. This is shown if set up FX hedging for your fund in FA Back.
Previous accrued fees: Fees accrued by the previous NAV date. The details pane shows fees and amounts summed by transaction type.
New fees: Accrued fees in the period from the previous to the current NAV date. The details pane shows fees and amounts summed by transaction type. Hover over the ? icon to view the calculation produced based on the fee formula.

Share classes tab

The Share classes tab shows the fund’s NAV per share class. Click a share class to open the details pane that shows NAV calculation details for this share class.

Table columns

Currency: Share class currency.
NAV: New calculated share class NAV.
Swung NAV: New calculated share class NAV which includes swing adjustment. Visible if you calculate swing adjustment separately and don't include it in the official NAV you publish. To learn more about swing pricing in FA Fund management, see Apply swing pricing.
Unswung NAV: New calculated share class NAV without swing adjustment. Visible if you include swing adjustment in the official NAV you publish. To learn more about swing pricing in FA Fund management, see Apply swing pricing.
NAV change %: NAV change since the previous accepted NAV in percentage.
Benchmark change %: Benchmark change since the previous accepted NAV in percentage. To learn more about benchmark setting, see Benchmark in FA Back reference.
Diff %: Difference between NAV change % and Benchmark change %.
Current units: Current number of outstanding units in all client portfolios.
Change in units: Change in number of outstanding units since the previous NAV calculation.

Questions about NAV overview

Why do I see “Incomplete data - no preview available” in the NAV overview?

This means that you are trying to view the data from previous calculations carried out with the old fund management functionality. NAV overview shows only the data calculated in the FA Fund Management app.