Revalue Unit Fund Accounts

Revalue Unit Fund Accounts

Purpose

The value of units of a fund may vary over time. This will result in a loss (decrease in unit value) or gain (increase in unit value) on the investment by the account holder.

This process automatically updates the Unit Fund Account and associated Account Type with the new unit value.

Historical rate changes can be viewed through the Unit Fund Revaluations Browse.

Access

  1. Unit Fund | Revalue Unit Fund Accounts

Process


Field
Explanation
New Unit Value
Enter the new Unit Value that will be applied to every account associated with the selected Account Type.  The calculation will depend on the Unit Fund Valuation method set on the account type.

Result Example

Assume: investment = $10,000, units valued at $1, units = $10000

Fund is revalued to .95 cents

Value Method
Current Ledger
Future Ledger
Number of Units
Investment
$9,500
$500
10,000
Unit
$10,000
$0
10,526



Important Notes:

  1. The revaluation must be run after all processing for the day has been completed and accounts have their correct balance for the day.  This includes the processing of cash, interest and distributions.
  2. The revaluation must be run on the date the revaluation is intended to take place on.  The only exception to this is if the Unit Fund System has not had its month end process run. Then the revaluation can be run in the new month, but will be effective on the month end account balances.



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