Unit Pricing
Latest Unit Price
Issue Price: $1.0183
Redemption Price: $0.9806
Effective date: 31/3/2024
Update as of 26 February 2024
Applications will ordinarily be processed within ten (10) business days of receipt by the Responsible Entity of an investor’s properly completed application (that is, submitting a fully completed application form, remitting their total investment sum into SOGIF’s application bank account, and passing all required AML/CTF verification requirements).
Once an investor’s application has been processed and accepted by the Responsible Entity, a record will be made on the Fund’s unit register confirming that on and from the first Business Day of the next occurring calendar month the investor will be entitled to units in the Fund in proportion to the value of their application money.
Owing to the valuation methods and practices for some of the Fund’s assets, the Responsible Entity will determine the unit price monthly as at the last day of the relevant month. However, the processes and practices for valuing the Fund’s assets means that the unit price as at the end of a particular month may not be known or determinable by the Responsible Entity until after the end of that month (ordinarily 21 Business Days after the end of a month but potentially longer in some circumstances) while the Responsible Entity collates relevant asset valuations and income and calculates liabilities.
Once determined, the prevailing unit price as at the last day of a particular month will be used to determine the number of units to be issued to investors who have been recorded on the register as entitled to units on and from the first Business Day of the next occurring calendar month. Investors who are recorded on the Fund’s unit register as entitled to units on and from the first Business Day of a calendar month will have an interest in the Fund proportionate to the value of their application money and will otherwise enjoy the rights of a unitholder in the Fund until such time as they are formally issued with units in respect of their application and application money.