RE:RE:RE:RE:RE:Estimated NAV end of March 8When i get the FULL monthend update, i use the weightings list , and try to equal the % of CAD and US holdings, to match what is in the update. ALSO have to match up the cash %...
It is a lot of work, but many times improves the accuracy. It is still a guessing game tho , as the fund managers can get a covered call option taken out, and that drops one holding down the list and skews the numbers . Or the holdings adjust themselves up and down, as ONE stock increases its value by a few % , while another drops that much in the two week period before the next update.
At any rate being within a 5 cents is considered close, altho at times AnEducator and myself have been within a penny , and sometimes have it exact. Much easier with Brompton splits , as they update the holdings ( including the % of NAV) normally once a month . They also update the UNIT NAV and commons NAV once a week.