Net Asset Value of a Fund means the total assets of the Trust Estate of a Fund including, but not limited to, all cash and cash equivalents or other securities less total liabilities of such Fund, each determined on the basis of generally accepted accounting principles in the United States, consistently applied under the accrual method of accounting, including, but not limited to, the extent specifically set forth below:
Net Asset Value of a Fund at any time means the total assets of a Fund including, but not limited to, all cash and cash equivalents or other debt securities less total expenses and liabilities of such Fund, determined on the basis of generally accepted accounting principles in the United States, consistently applied under the accrual method of accounting.
Net Asset Value of a Fund at any time means the total assets in the Trust Estate of a Fund, determined on the basis of generally accepted accounting principles in the United States, consistently applied under the accrual method of accounting. The amount of any distribution made pursuant to Article VI hereof shall be a liability of such Fund from the day when the distribution is declared until it is paid.
Examples of Net Asset Value of a Fund in a sentence
The Net Asset Value of a Fund will be expressed in the Base Currency of the Fund, or in such other currency as the Directors may determine either generally or in relation to a particular Class or in a specific case.
The Net Asset Value of a Fund shall be determined as at the Valuation Point for the relevant Dealing Day by valuing the assets of the relevant Fund (including income accrued but not collected) and deducting the liabilities of the relevant Fund (including a provision for duties and charges, accrued expenses and fees and other liabilities).
Deposits with any one credit institution, other than with Relevant Institutions, held as ancillary liquidity, must not exceed 10% of the Net Asset Value of a Fund.
In Specie Redemptions The Manager may at its discretion, satisfy any redemption request by in-specie distribution in circumstances where a Unitholder wishes to redeem Units representing 5% or more of the Net Asset Value of a Fund, on a single Dealing Day and where the Unitholder either requests in specie distribution or has consented to such in specie redemption.
As the Shares may be dealt in by means of subscription and redemption, the Directors consider that large discounts or premiums in the Net Asset Value of a Fund would not be sustainable.
More Definitions of Net Asset Value of a Fund
Net Asset Value of a Fund means the amount determined on any Valuation Date at the Valuation
Net Asset Value of a Fund or “Net Asset Value perShare” means the amount determined on any Dealing Day in accordance with the principles set out in Part IX as being the Net Asset Value of a Fundor Shares in a Fund, as the case may be;
Net Asset Value of a Fund means the amount determined as being the Net Asset Value of a Fund for any particular Dealing Day pursuant to Clause 23 of this Deed.
Net Asset Value of a Fund. Means the total value of assets and investments owned by a Pension Fund minus its liabilities at the time of valuation.“Valuation Day”Means the date on which DCVFM determines the net asset value per Pension Fund Unit.“Trading Day of the Pension Fund”(Hereinafter referred to as Trading Day) means the day on which DCVFM implements orders to contribute to a Pension Fund or pension payment orders from Fund Participants prior to receipt of the last order. The Trading Day (T Day) shall occur twice (2) in one (1) month, on the second and fourth Wednesdays of a month when they are working days.Where a Trading Day falls on a non-working day or public holiday, the trading shall be conducted on the next Trading Day of the Pension Fund.“Cut-off time of the Order Register”Means the last point of time when DCVFM or its authorized organizations receive trading orders from Fund Participants for implementation during a Trading Day of the Pension Fund.DCVFM shall notify the Fund Participants, Pension Agents and the relevant service providers of the trading schedule and the Cut-off time of the Order Register on public holiday occasions on its website or by email.“Pension Fund Management Services”Means the services to be provided by a relevant service provider as authorized by DCVFM, including the following services:- Making cost accounting records of the Pension Fund's transactions: recording fluctuations in the cashflow into and out of the Pension Fund;- Preparing financial statements of the Pension Fund; and coordinating with and assisting the Pension Fund's auditor to audit the Pension Fund;- Determining the Net Asset Value of a Fund and the net asset value per Fund Unit in accordance with law and provisions in the Pension Fund Charter; and- Performing other activities in accordance with law and the Contract signed with DCVFM.“Personal Pension Account Administration Services”Means the services to be provided by a relevant service provider as authorized by DCVFM, including the following services:a) Conducting cost accounting of all revenues and expenditures made on Pension Accounts, including contributions, allocation of investment results, operating expenses of the Pension Fund; and pension payment;b) Formulating and updating the process and method of allocating investment results and operating expenses of the Pension Fund; determining the value of the Pension Accounts;c) Providing a monthly valuation of the value of a personal Pension Account; and(d) Formulating and send...
Net Asset Value of a Fund means the amount determined on any Dealing Day in accordance with or “Net Asset Value per the principles set out in Part IX as being the Net Asset Value of a Fund Share” or Shares in a Fund, as the case may be;
Net Asset Value of a Fund means the total value of assets of the fund less the total value of debts payable of the fund.
Net Asset Value of a Fund means the total assets of the Trust Estate of a Fund including, but not limited to, all cash and cash equivalents or other debt securities less total liabilities of such Fund, each determined on the basis of generally accepted accounting principles. In particular, Net Asset Value includes any unrealized profit or loss on Cleared Swaps, Alternative Financial Instruments (if any) and any other credit or debit accruing to such Fund but unpaid or not received by such Fund. All open futures contracts traded on a U.S. or non-U.S. exchange will be calculated at their then current market value, which will be based upon the settlement price for that particular futures contract traded on the applicable U.S. or non-U.S. exchange on the date with respect to which Net Asset Value is being determined; provided, that if a futures contract traded on a U.S. or non-U.S. exchange could not be liquidated on such day, due to the operation of daily limits (if applicable) or other rules of the exchange upon which that position is traded or otherwise, the settlement price on the most recent day on which the position could have been liquidated will be the basis for determining the market value of such position for such day. The Managing Owner may in its discretion (and under extraordinary circumstances, including, but not limited to, periods during which a settlement price of a futures contract is not available due to exchange limit orders or force majeure type events such as systems failure, natural or man-made disaster, act of God, armed conflict, act of terrorism, riot or labor disruption or any similar intervening circumstance) value any asset of the Fund pursuant to such other principles as the Managing Owner deems fair and equitable so long as such principles are consistent with normal industry standards. Interest earned on each Fund’s commodity brokerage accounts is expected to accrue at least monthly. The amount of any distribution will be a liability of each Fund from the day when the distribution is declared until it is paid. The value of Cleared Swaps shall be determined based on the value of the Designated Contract underlying the Index Commodity in connection with each specific Cleared Swap. In calculating the Net Asset Value of each Fund, the settlement value of a Cleared Swap (if any) and an Alternative Financial Instrument (if any) shall be determined by either applying the then-current disseminated value for the Designated Contracts or the terms as provided under t...