Fund Data Converter
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OFST401003 – Single Pricing Type
The list of values for this data point are (a) "no swing NAV", (b) "full swing NAV" and (c) "partial swing NAV". They refer to the Value "single pricing" in field "OFST401002 Pricing Methodology".
"no swing NAV": A fund which calculates only one single NAV per share which is used for all capital activities and does not apply a swing factor.
"full swing NAV": The unswung NAV is adjusted each time there is capital activity, irrespective of its size or significance to the fund. The direction of the swing is determined by the net capital activity of the day.
"partial swing NAV": The NAV only swings if a predetermined net capital activity threshold (the swing threshold) is exceeded on a dealing day. As with full swing the direction of the swing is determined by the net capital activity of the day. Partial swing can also be referred to as semi-swing pricing.
In the cases (b) and (c) above the two resulting NAV are also referred to as the transaction price (swing price) and the valuation price (unswung price).
| Property | Value |
|---|---|
| OF-ID | OFST401003 |
| Name | Single Pricing Type |
| Area | Static data |
| Level | Share Class |
| Format | Text |
| Tags | Additional |
| Introduced in | openfunds 0.92 |
| Related field | OFST401002 Pricing Methodology |
Allowed values
no swing NAV, full swing NAV, partial swing NAV
Example
no swing NAV
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST401003 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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