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FE - Fund Price Listing Service


All data is collected directly from the fund management groups by FE.

Which fund prices can I view?
What tools are available?
Why online?
Prices
Historic Pricing
Forward Pricing
Yield
Percentage Performance
Performance Averages
About FE


Which fund prices can I view?

Latest daily fund price information for 35,000 share classes.

Funds available

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Data available

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What tools are available?

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Why online?

FE, with the cooperation of the Investment Management Association and in consultation with fund management groups, has created an online alternative to newspaper fund price listings. This service has been set-up in response to FSA guidelines, as proposed in PS 185, which suggests that fund providers will be able to opt to list their fund prices in a medium that is most 'appropriate' for their investors.

The internet also provides a more interactive environment, enabling investors to locate their fund investments quickly and easily.

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Prices

Funds are listed in their respective product areas, for example under "unit trusts and OEICs". Searching for fund managers by name is easy and instant, by using the drop down list or the alphabet, or the "previous page" and "next page" buttons.

All prices displayed are the previous working day's closing prices but depend on the fund type. For Unit Trusts selling (bid) and buying (offer) prices are shown. OEICs only have a single price. Prices are updated daily, usually by around 9:00 am in the UK.

All prices are in Pence Sterling unless otherwise stated in brackets. Please see the Exchange Rates section on www.trustnet.com for help with currency codes.

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Historic Pricing

Historic pricing is based on prices on NAV calculated at the last valuation point. The advantage is that investors know exactly how many units they are going to get for their investment and sellers know exactly how much money they will get for their units. Fund managers are vulnerable to the risk that the fund's assets may increase between the valuation and dealing points, in which case the units will be under-priced.

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Forward Pricing

Forward pricing, which is more common, is based on prices on NAV calculated at the next valuation point. For example, if an investor buys units at 4.00pm in a fund which uses a 12.00pm valuation point, they will buy on the basis of a price calculated on the next day's 12.00pm valuation.

The disadvantage is that investors do not know how many units they will get for their money, and sellers do not know how much money they will get for their units, until after the next valuation point. For fund managers, there is less risk of mis-pricing.

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Yield

Yield is an indication of the amount of income generated by a fund's investments in relation to the price.

Funds comprising mainly of bonds normally quote a gross redemption yield (total return) after all charges but before tax has been deducted. Funds mainly made up of equities normally quote a yield representing the estimated annual income payout net of tax for basic rate taxpayers. For further information contact the management company.

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Percentage Performance

The performance of the fund's price over the given time period, calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested - that is, total return. This shows a theoretical growth in value of a unit holding over a specified period, assuming that distributions (dividends net of the standard rate of tax) are re-invested to purchase additional units of a fund at the closing bid price applicable on the ex-distribution date. Where the distribution is not known on the ex-distribution date the performance of the fund will continue to be calculated daily and will be recalculated back to the ex-distribution date as soon as details are known. The calculation excludes re-investment charges.

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Performance Averages

Performance averages for 1, 3 and 5 years and yield can be found below the prices & performance tables. Averages can also be seen for TrustNet sector/regions and IMA category selections.

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About FE

FE is the main provider of fund data and technology solutions to the financial sector. FE collects 100 percent of daily fund prices in the UK, as well as offshore funds, and is relied upon as the sole or main source of this data by data vendors, fund supermarkets, financial websites and IFAs.