Intermediate
Net asset value and the price of a fund unit
Net asset value measures the fund’s assets after liabilities. Dividing it by outstanding units produces a unit price, which is different from the number of units...
Read articleFOLITIC / Collective Funds
Collective Funds Investment Guide
Understand collective investment funds and retirement trusts, compare costs and portfolio risks, and build a practical selection and monitoring process. Follow eight stages from pooled ownership to informed fund research.
Start with What collective funds are and how pooling works, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading. The guide focuses on U.S. collective funds and retirement CITs, with clear notes where account and jurisdiction rules differ.
Explore the learning path
Browse by topic
Units Valuation and Liquidity · All lessons
Units Valuation and Liquidity
Calculate ownership and returns while understanding pricing, dealing and withdrawals.
Intermediate
Subscriptions, dealing cutoffs and settlement
Submitting an instruction, receiving a valuation and settling cash are separate steps. A dealing timetable explains which price applies and when the transaction is completed.
Read article
Intermediate
Withdrawals, transfer restrictions and liquidity
Liquidity has two sides: how quickly the portfolio can sell assets and when an investor is permitted to withdraw. A fund’s terms must connect those two...
Read article
Intermediate
Distributions, reinvestment and total return
A cash distribution is part of the investment’s total return, not a free addition to an unchanged portfolio. Reinvestment affects unit ownership and future compounding.
Read article