Guide
NAV review guide for fund teams
The review should make it easy to understand where the NAV came from, who approved it and what was sent onward.
Source inputs
Confirm the valuation cycle and the records feeding it.
- Investment fair values
- Cash and other assets
- Liabilities and accruals
- Valuer report
Calculation and review
Check the scheme and class result before approval.
- Scheme net assets
- Class allocations
- Units outstanding
- Deviation explanation
Completion
Preserve the approved result and the downstream record.
- Manager approval
- NAV proof
- RTA or depository upload
- Investor statement