Unit value represents the price of a single unit in a unit . It reflects the unit class's overall value and is used to calculate the worth of each investor's holdings. Keeping unit values up to date ensures that fund performance and investor statements accurately reflect current valuations.
Key Information
All funds have a default unit class named "Ordinary", which can be renamed but not deleted.
Each unit class can have its own unit value, allowing for greater flexibility across different investor groups.
Unit value supports up to 6 decimal places.
When a fund is first created, unit value is not set automatically. Holdings can still be created or imported with unit quantities, but their value will not be calculated until an effective unit value is set.
Important: It is essential to set a unit value for each unit class from the start of the registry, as unit value is used for downstream calculations such as distributions and holding values.
How to Set a Unit Value
To set or update the unit value for a unit class:
Navigate to the relevant fund
Open the Unit Classes tab
Select the unit class you wish to update
In the unit class view, locate the Unit Value section
Click Update unit value to create a new unit value entry
Enter the following details:
Effective Date – the date from which the unit value should apply
Unit Value – the price per unit (supports up to 6 decimal places)
Note (optional) – add any relevant comments about this value
Click Confirm to save your changes
Note: You can add or delete unit value entries, but you cannot edit existing entries. If a correction is needed, delete the incorrect entry and add a new one.
How the Unit Price Is Used
Once updated, the new unit value will automatically:
Refresh the Fund NAV displayed in the fund table and header.
Update investor holding values across:
The Admin App
The Investor Portal
Caruso-generated investor statements
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If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.