The Fund’s assets are valued at least monthly in accordance with the Fund’s valuation methodology to arrive at a fair valuation for new and existing unitholders.
The Fund’s valuation which drives its unit pricing takes into account the following variables:  value of principal outstanding on all assets, cash flows received from the repayment of assets and not distributed out to unitholders, accrued interest, all fees, taxes and charges paid or received and a deduction for any asset which default on set repayments and remain outstanding. Fixed rate asset with long tenor (over 1 year) is typically valued at prevailing market interest rates i.e. mark to market.