Significant Accounting Policies. The financial statements are prepared in accordance with the Luxembourg legal and regulatory requirements relating to Undertakings for Collective Investment. Security Valuation. Investments in Shares of Underlying Funds are valued at the latest available Net Asset Value calculated in the dealing currency of the relevant class and the values are sourced from an independent internal pricing source. Cash at Bank and Brokers. Cash at bank and brokers amounts are carried at face value.
Significant Accounting Policies. The financial statements are prepared in accordance with the Luxembourg legal and regulatory requirements relating to Undertakings for Collective Investment. SECURITY VALUATION. Investments in Shares of Underlying Funds are valued at the latest available Net Asset Value calculated in the dealing currency of the relevant class, the values are sourced from an independent internal pricing source. CASH AT BANK. Cash at bank amounts are carried at face value. INVESTMENT SECURITY TRANSACTIONS. Investment security transactions in Underlying Funds are accounted for on the date the Underlying Funds are purchased or sold. The computation of the cost of sales of Underlying Funds is made on the basis of average cost. FOREIGN EXCHANGE. The Fund's designated currency is Japanese Yen. Assets and liabilities as at 30 April 2016 have been translated at the prevailing exchange rates on that date. The Directors of the Management Company determine the designated currency of the Sub-Fund. All transactions denominated in foreign currencies during the year are translated into the Sub- Fund's designated currency at the exchange rate prevailing on the day of transactions. Translation adjustments reflecting gains and losses from share classes with operating currencies that differ from the respective Sub-Fund are included in the Statement of Operations and Changes in Net Assets under the caption Net realised gain / (loss) on foreign currencies. 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.
Significant Accounting Policies. The financial statements are prepared in accordance with the Luxembourg legal and regulatory requirements relating to Undertakings for Collective Investment. SECURITY VALUATION. Investments in Shares of Underlying Funds are valued at the latest available Net Asset Value calculated in the dealing currency of the relevant class. CASH AT BANK. Cash at bank amounts are carried at face value. INVESTMENT SECURITY TRANSACTIONS. Investment security transactions in Underlying Funds are accounted for on the date the Underlying Funds are purchased or sold. The computation of the cost of sales of Underlying Funds is made on the basis of average cost. FOREIGN EXCHANGE. The Fund's designated currency is Japanese Yen. Assets and liabilities as at 30 April 2015 have been translated at the prevailing exchange rates on that date. The Directors of the Management Company determine the designated currency of the Sub-Fund. All transactions denominated in foreign currencies during the year are translated into the Sub- Fund's designated currency at the exchange rate prevailing on the day of transactions. Translation adjustments reflecting gains and losses from share classes with operating currencies that differ from the respective Sub-Fund are included in the Statement of Operations and Changes in Net Assets under the caption Net realised gain / (loss) on foreign currencies. 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.
Significant Accounting Policies. The financial statements are prepared in accordance with the Luxembourg legal and regulatory requirements relating to Undertakings for Collective Investment. Security Valuation. Investments in Shares of Underlying Funds are valued at the latest available Net Asset Value calculated in the dealing currency of the relevant class and the values are sourced from an independent internal pricing source. Cash at Bank and Brokers. Cash at bank and brokers amounts are carried at face value. 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 2019 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.