Portfolio Valuation - Unit Value

Last updated: 1^st July 2006

The chart below illustrates the Club's unit value (UV) since its creation. The UV is a key measure for the club accounts and to a certain extent performance. The UV reflects the purchase price of a Unit in the club and is used to convert the members' monthly payments into Units.

The UV is calculated on a monthly basis. The UV is equal to the Nett Asset Value of the Club  divided by the number of units issued, and was set to 100p when the club was started (July 2004).

The FTSE-100 and FTSE-350 indices are shown for comparison, rebased to 100.0 on 14^th October 2004, the day before the club commenced trading.