The unit price for a fund is displaying $1 on Morningstar yet is shown as something significantly more on the fund manager’s website. Why?
You should first look at the calculation method for the fund. This is most likely due to that fund being set up as non-unitised on our system; however it could also be a mortgage fund. If a fund manager isn’t able to provide us with a full history of unit prices for a fund then we will set up the fund to take a rolled-up rate only. Hence this will display a value of $1 for unit price. Mortgage funds pay regular distributions and this is reflected in their performance.
