Unit value represents the price of a single unit in a class. It reflects the 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 class named "Ordinary", which can be renamed but not deleted.
Each 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 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 class:
Navigate to the relevant fund
Open the Classes tab
Select the class you wish to update
In the 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.
Reviewing the Unit Value History
The Unit Value section lists every unit value entered for the class, with a Created column showing the date and time each entry was added (for example, "03 Jul 2026, 11:37 AM").
Tip: Where two entries share the same date, the created time tells you which was added most recently. This matters when a price is entered after a calculation has already run — for example, a price added later in the day may not have been picked up by a distribution calculated earlier, which would then need recalculating.
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
Note: Unit value is one of four price types held against a class, alongside Redemption, Issuance, and Reinvestment prices. Each is managed on its own tab within the class and each keeps its own effective-dated history.
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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.