The NAV file is a simple file containing the official NAV of the fund.
The Portfolio NAV is used extensively throughout, including for:
NAV File
- NAV Tolerance to check the holdings have uploaded correctly
- Denominator for Risk and Investment Compliance limits
- Denominator for disclosures in Regulatory Reporting
- Denominator for costs and charges calculations
Click here for file format.
Notes
- Whilst a NAV file is not strictly required for Shareholder Disclosures monitoring or Position Limits monitoring, it assists in ensuring that all portfolio holdings have been correctly captured.
- Where a client does not provide a NAV file, a proxy NAV file can be created by summing the market Value (base) of the holdings. However, this may be imprecise and omit income / expenses etc. The offical NAV is preferable. The comparison of Official NAV to the calculated NAV is also one of the fundamental daily data integrity checks in the application.