Market Value Calculations

In looking at current or historical values of a security or group of securities, the market value is typically of greater interest than the carry value. Depending on the class code of each security, market value is calculated as follows:

•      For bonds, Market Value = [Units x Unit Value] ÷ 100.

•      For alternative investments, Market Value = Market Valuation – total cash activity (income + principal) since the last value date.

•      For all other investments, Market Value = Units x Unit Value.

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