Investment Security Transactions. Investment security transactions in the Underlying Fund is accounted for on the date the Underlying Fund is purchased or sold. The computation of the cost of sales of the Underlying Fund is made on the basis of average cost. Foreign Exchange. The Fund's designated currency is Japanese Yen. The Directors determine the designated currency of the Sub-Fund. Assets and liabilities as at 30 April 2020 have been translated at the prevailing exchange rates on that date. All transactions denominated in foreign currencies during the period are translated into the Sub-Fund's designated currency at the exchange rate prevailing on the day of transactions. Fund Unit Transactions. The issue and redemption price per Unit of the Sub-Fund is the Net Asset Value per Unit on the date of trade.
