Valuation of the Portfolio

The portfolios of the company’s active asset management customers are valued in accordance with Investment Strategy & Policy of the Client.

For Smedvig Funds plc., the Depository and Administrator in Ireland are charged with preparing a correct valuation of the sub-funds by determining an official Net Asset Value (NAV). All transactions in Smedvig Funds are executed at the official NAV, and the official NAV is applied in the valuation of the customer portfolios that are invested in Smedvig Funds plc. The NAV is calculated on the first day of each month or quarter depending on the strategy and policy.

The company follows up and checks the calculation of the official NAV for Smedvig Funds plc. at each valuation point.

Valuation of the Portfolio (2008-09-08)