Valuation

How are the units priced?

The purchase price of each unit is calculated by dividing the value of the Fund’s net assets (the value of its assets less its liabilities) by the total number of units outstanding. Net asset value per unit is computed by valuing listed investments at market value and unlisted investments at fair market value which is determined by reference to the earnings yield of investments on the Ghana Stock Exchange. The Manager continually assesses the methods of valuation and recommends changes where necessary, to ensure that the Fund’s investments are valued at their fair value as determined in good faith by the Trustee.

How often is the unit price published?

Weekly. The bid and offer price per unit is published by the Fund’s Manager on the first working day each week using the most current net asset value available.

How are profits distributed?

After deducting the annual management fee and operating expenses net income is distributed to unit holders.

Is the income from the Fund taxable?

No. Under the prevailing tax laws and the Securities Industry Law 1993 unit trust schemes are tax exempt.