My question relates to unit price calculation as published on fund web sites. Firstly - Navra Fund. This is an income based fund. Does the income earned get reflected in the unit price? Or is the published unit price reflect capital value only? Second - Other funds. Same question regarding there dividends/distribution. Third - Shares. Pre-dividend the share price normally increases & then post distribution falls. Therefore a share price reflects capital value from trading on the stock exchange. The dividend is not 'part' of the published price, but does influence supply & demand. Are funds & particularly the Navra Fund the same? And as a follow up - if the capital value of the unit price is low, but the trading has been succesful, will there still be a distribution? Or does the fund manager hold back some distribution profit? And as a follow follow up - what actually determines how much the distribution is?