Portfolio Value

What is the Portfolio Value?

The Portfolio Value, also referred to as Gross Asset Value (GAV), represents the total value of all investments you made. It is a core input used by Onyx to calculate the Net Asset Value (NAV).

As you are looking at updating your NAV, you should only be looking at reporting the Gross Asset Value of those very investments. As such, the Portfolio Value is not supposed to include: - Any accrued fees (Onyx accrues this for you and takes it into account for the NAV Calculation) - Any liquidity held in the Vault smart contract that hasn't been allocated yet (the Administration App calls this liquidity Automatically Tracked Value) - Any accounting positions which are to be recorded separately

How to update your Portfolio Value manually

1) Consolidate the underlying portfolio value, with the method of your choice 2) Under Update Portfolio Value, insert the proper amount. You can also fetch this amount automatically if you have set up a Portfolio Value Provider.

3) Update the exchange rate if need be

4) Execute the on-chain transaction

Managing Asset Exchange Rate

Exchange Rates ensure that the total value of your Vault’s underlying holdings is accurately reflected when tracked assets are denominated in different currencies.

When updating Holdings Valuation, you can apply the current exchange rate to calculate the most precise NAV and Vault Share Price.

Vault Valuation allows you to define an exchange rate that never expires (useful when the rate is fixed or always equivalent). If the exchange rate is subject to change, Vault Valuation also lets you set an expiry date for the rate you apply.