Performance FAQ

Common questions related to the Performance page

Why is the fund NAV on the performance page different from my fund's brokerage account(s)?

Brokerages cannot track all of the liabilities present in a fund.

Repool tracks a variety of liabilities related to your fund along with the ongoing tracking of equities and assets, which a brokerage is unable to do. It is likely that a mismatch on the performance page is indicative of this extra information that Repool has. Factors such as management fees, performance fees, and other fund expenses will cause the NAV of the fund to be lower than what is shown in a brokerage account.

Why isn't my NAV update occuring in realtime?

Fund accounting processes demand extra time and checks to ensure an accurate NAV value.

Repool tracks a variety of liabilities related to your fund along with the ongoing tracking of equities and assets, which a brokerage is unable to do. While the majority of this tracking happens automatically,, Repool employs several checks and a few manual processes to ensure that the NAV value shown is accurate. Although Repool tries to make the NAV shown in the performance tab as accurate as possible, it is still only an estimate. The fund's financial statements should be seen as the final source of truth for the value of a fund. The NAV on the performance tab remains an estimate because there are times when certain liabilities (e.g. fund expenses) are not known until after they have been paid for. These liabilities then need to be retroactively amortized according to GAAP accounting rules and can cause changes to the fund's NAV.

Why is my investor NAV empty?

Capital accounts that haven't received their first NAV calculation will display as empty in the application.

An investor's return will show as empty if the fund's more recent NAV was calculated prior to the settlement time of the investment. If the investor still has a pending investment, the investment needs to be approved and settled to be included in the next NAV calculation.