AEF Unit Price
What is a unit price and how does it work?
When you invest in the MAP Australian Equity Fund (AEF), we allocate a number of units to indicate your share of the Fund. As the market value of the Fund’s assets moves, the value of each unit (and thus the value of your share of the Fund) moves proportionately.
When does the value of a unit change?
Each week, we revalue the assets of the Fund and calculates a new unit price.
Buy/Sell Spread
When you purchase units in the Fund, you pay the issue price, which is the unit price plus a buy spread. When you redeem units, you are paid the redemption price, which is the unit price less a sell spread. The margin by which the issue and redemption prices differ from the unit price (‘the buy spread and sell spread’) is fixed by MAP based on MAP’s estimate of the transaction costs incurred in buying and selling the underlying assets which make up the Fund. These transaction costs include such items as brokerage. MAP’s estimate of each of the buy and sell margins at the date of publication is 0.35% of Net Fund Value. MAP reserves the right to vary the margin from time to time. Refer to the MAP Australian Equity Fund Product Disclosure Statement for details.
Fund Returns
Changes in unit prices give an indication of the before tax return on your account. The Fund distributes its taxable income (including tax benefits such as franking credits) bi-annually at the end of December and June and hence does not pay any income tax. When this distribution is made, the value of the Fund decreases by the amount of the distribution, and hence the unit price also decreases. Unless the distribution is factored back in, the change in unit prices over multiple years does not equate to the Fund’s return.
Changes in unit prices give an indication of the before tax return on your account. The Fund distributes its taxable income (including tax benefits such as franking credits) bi-annually at the end of December and June and hence does not pay any income tax. When this distribution is made, the value of the Fund decreases by the amount of the distribution, and hence the unit price also decreases. Unless the distribution is factored back in, the change in unit prices over multiple years does not equate to the Fund’s return.
| Effective | Unit Price($) |
|---|---|
| 16.07.2010 | 10.6068 |
| 09.07.2010 | 10.5520 |
| 02.07.2010 | 10.1780 |
| 30.06.2010 | 10.5079 |
| 25.06.2010 | 10.7647 |
| 18.06.2010 | 11.1114 |
| 11.06.2010 | 10.9577 |
| 04.06.2010 | 10.8832 |
| 28.05.2010 | 10.9034 |
| 21.05.2010 | 10.5132 |
| 14.05.2010 | 11.3104 |
| 07.05.2010 | 10.9608 |
| 30.04.2010 | 11.7685 |
| 23.04.2010 | 11.9466 |
| 16.04.2010 | 12.1974 |
| 09.04.2010 | 12.1245 |
| 02.04.2010 | 12.0587 |
| 26.03.2010 | 12.0342 |
| 19.03.2010 | 11.9557 |
| 12.03.2010 | 11.8025 |
| 05.03.2010 | 11.7088 |
| 26.02.2010 | 11.3382 |
| 19.02.2010 | 11.3007 |
| 12.02.2010 | 11.0958 |
| 05.02.2010 | 10.9096 |
| 29.01.2010 | 11.0666 |
| 22.01.2010 | 11.5332 |
| 15.01.2010 | 11.9031 |
| 11.01.2010 | 11.8382 |
| 08.01.2010 | 11.9291 |
| 05.01.2010 | 11.6183 |
| 01.01.2010 | 11.8382 |
| 22.12.2009 | 11.2729 |
| 16.12.2009 | 11.2677 |
| 09.12.2009 | 11.4215 |
| 01.12.2009 | 11.0891 |
| 24.11.2009 | 11.3562 |
| 17.11.2009 | 11.4334 |
| 16.11.2009 | 11.0961 |
| 10.11.2009 | 11.2049 |
| 13.11.2009 | 11.0961 |
| 04.11.2009 | 11.2049 |
| 27.10.2009 | 11.6990 |
| 20.10.2009 | 11.6358 |
| 13.10.2009 | 11.4257 |
| 09.10.2009 | 11.0345 |
| 29.09.2009 | 11.3058 |
| 22.09.2009 | 11.2380 |
| 16.09.2009 | 10.9912 |
| 09.09.2009 | 10.5969 |
| 01.09.2009 | 10.7023 |
| 26.08.2009 | 10.2217 |