We set prices for our funds on all working days in Norway. All prices are calculated based on the current day's market developments.
The objective of the intrinsic value calculation is to provide as accurately as possible the price or net asset value (NAV) of the fund per unit at a given point in time. Both intrinsic value and the price that SKAGEN Funds determines for its fund units is the value of the fund's assets minus liabilities divided by the number of outstanding units in the fund. The intrinsic value is determined three times a day on all opening days for the Oslo Stock Exchange (business days).
|SKAGEN Global A||24/02/2017||166.21 EUR||166.17 EUR||165.89 EUR|
|SKAGEN Kon-Tiki A||24/02/2017||89.28 EUR||89.16 EUR||88.68 EUR|
|SKAGEN Focus A||24/02/2017||12.36 EUR||12.35 EUR||12.29 EUR|
|SKAGEN Vekst A||24/02/2017||242.41 EUR||241.75 EUR||240.34 EUR|
|SKAGEN m2 A||24/02/2017||18.75 EUR||18.76 EUR||18.67 EUR|
|SKAGEN Tellus A||24/02/2017||12.96 EUR||12.97 EUR||12.97 EUR|
|SKAGEN Credit EUR A||24/02/2017||8.77 EUR||8.77 EUR||8.76 EUR|
The calculation of intrinsic value is no guarantee for what the base price will be on the relevant day.
When a fund is listed on the stock exchange it is obliged to calculate and publish the intrinsic value three times a day on the stock exchange's website. This is to ensure that investors who deal in the units of SKAGEN Funds avoid buying and selling at prices that deviate greatly from the fair value (intrinsic value). In order to comply with the principle of equal information to all unitholders, we also report the intrinsic value for the relevant funds on our website.