The responsible entity calculates the value of the assets at least on a monthly basis, at the close of the last Business Day of the calendar month. The Unit Price, once struck, is effective for all investment applications from the 1st Business Day of the new month and remains in force until a new Unit Price is struck, usually at the beginning of the next month.
The unit price is calculated by determining the Net Asset Value of the Fund and dividing this amount by the total number of Units on issue. The Assets largely comprise investments in Life Policies. Units will be issued at the prevailing unit price.
