Intrinsic value
The intrinsic value is determined three times a day on the Oslo Stock Exchange (business days) for SKAGEN Vekst, SKAGEN Global, SKAGEN Kon-Tiki, and SKAGEN Tellus.
|
Fund
|
Time
|
Intrinsic value
|
|
SKAGEN Vekst
|
22-5-2012 11:59:00
|
161,0786
|
|
SKAGEN Global
|
22-5-2012 11:59:00
|
99,6138
|
|
SKAGEN Kon-Tiki
|
22-5-2012 11:59:00
|
63,9450
|
|
SKAGEN Tellus
|
22-5-2012 11:59:00
|
13,9490
|
Intrinsic value in EUR
The objective of the intrinsic value calculation is to provide as accurately as possible the 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.
Intrinsic value is calculated three times a 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.
Intrinsic value is determined and reported at the following times CET:
|
Determination time |
Approx reporting time |
| Intrinsic value 1 |
09:15 |
09:30 |
| Intrinsic value 2 |
11:45 |
12:00 |
| Intrinsic value 3 |
15:45 |
16:00 |
The calculation of intrinsic value is no guarantee for what the base price will be on the relevant day.
