Post by
mkqtrader on Jul 05, 2024 4:53am
Considerations on DFN month-end updates
Looking at the list of holdings sorted by weight, we can notice that CM position has gone from 9th on June 15 to 4th on June 28th: if we consider only the CM holding increase and not any sales of the other holdings, this move brings in a difference of about $12M to $13M which would justify the NAV increase not calculated by my spreadsheets: my numbers were saying ~$14.8482 while the declared NAV is 14.89. Considering this NAV jump, my NAV for July 4 is $15.0049 which is still missing the added value brought in by the increased number of owned CM stocks.
Perhaps, with the official update of Total Net Asset and Total Cash it would be possible to get closer to the real numbers