Price setting in the funds
We set prices for our funds on all working days in Norway. All prices are calculated based on the current day's market developments.
Prices are set in the funds' currency of denomination, which is NOK. Prices in other currencies, currently SEK, EUR, DKK, GBP, CHF and USD, are calculated based on the funds' NAV in NOK applying the currency exchange rate used by the relevant fund for pricing the underlying securities on the valuation day.
For SKAGEN's funds prices are calculated on the same day and are available on our fund pages by 1900 CET at the latest.
What is intrinsic value?
Intrinsic value provides as accurately as possible the price or net asset value (NAV) of the fund per unit at a given point in time. The calculation of intrinsic value is no guarantee of the fund price.
Intrinsic value is calculated three times a day:
• Intrinsic value 1, set at 09:15, reported at 09.30
• Intrinsic value 2, set at 11.45, reported at 12.00
• Intrinsic value 3, set at 15.45, reported at 16.00
Note: these times are indicative only and may be subject to delays.
Prices will not be calculated on the following days in 2018:
1 January – New Year's Day
29 March – Maundy Thursday
30 March – Good Friday
2 April – Easter Monday
1 May – Labour Day
10 May – Ascension Day
17 May – Norwegian Constitution Day
21 May – Whit Monday
25 December – Christmas Day
26 December – Boxing Day
Early cut-off times
On two days a year SKAGEN has shorter opening times, namely New Year's Eve and the Wednesday before Maundy Thursday. Orders on these two days must be sent to SKAGEN before 12:00 CET in order to receive the day's price.
On the last working day of the year the final prices for SKAGEN's equity funds will not be available before the first working day of the new year. That is because the closing price is used to set the last fund prices of the year.