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Exam CIFC Topic 1 Question 157 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 157
Topic #: 1
At 4:00 p.m. Eastern Time on July 6, the following information is collected for the Marigold Canadian Dividend Fund:

What is the net asset value per unit NAVPU for the Marigold Canadian Dividend Fund for July 6?

Suggested Answer: C Vote an answer

Explanation
This is the net asset value per unit (NAVPU) for the Marigold Canadian Dividend Fund for July 6. The NAVPU is calculated by dividing the net asset value (NAV) of the fund by the number of units outstanding. In this case, the NAVPU is $8.25 ($45,668,900 / 5,564,443).
The NAV is the value of a fund's assets minus the value of its liabilities. The value of assets is the value of all the securities in the portfolio, plus any cash and cash equivalents, plus any accrued income for the day. The value of liabilities is the value of all short-term and long-term liabilities, plus any accrued expenses for the day. The NAV is usually expressed on a per-share or per-unit basis, which is the NAVPU.
The NAVPU is the price at which investors can buy or sell units of the fund. It is determined at the end of each trading day based on the closing market prices of the portfolio's securities. The NAVPU can change daily depending on the performance of the securities in the fund and the fund's expenses.

by chan32001 at Oct 22, 2024, 07:23 PM

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