Educational material from 
What you will learn
- Place company shares and fund units on separate ownership levels.
- Calculate unit value and cash weight from net assets.
- Explain why new units do not automatically reduce value per unit.
Prepare an ownership map for 40 minutes
Spend five minutes on fund and fund unit, ten on the map, ten on price changes, ten on new units and five on an individual check. Draw three boxes: the student’s holding, the fund and the companies. Connect the correct boxes and label each arrow with what is actually owned.
Our fund has 40 A shares at SEK 30 each, 60 B shares at SEK 20 and SEK 600 cash. There are 600 identical fund units, no debts and no fees. The companies’ total share counts are not given. The class therefore cannot calculate the fund’s ownership percentage in A or B from this table.
If the table does not fit, scroll it sideways.
| Asset | Calculation | Value |
|---|---|---|
| A shares | 40 × SEK 30 | SEK 1,200 |
| B shares | 60 × SEK 20 | SEK 1,200 |
| Cash | Unchanged balance | SEK 600 |
| Net assets | 1,200 + 1,200 + 600 | SEK 3,000 |
Student worksheet: use the correct total
Calculate value per fund unit and the value of the student’s twelve units. Then calculate the student’s proportion of all fund units and the fund’s cash weight in net assets. Write the denominator beside every percentage. Twelve fund units should not be placed in the box for twelve directly owned A shares.
The answers are 3,000 / 600 = SEK 5 per unit and 12 × 5 = SEK 60 for the student. The student’s proportion is 12 / 600 = 2%. Cash is 600 / 3,000 = 20%. A and B each represent 40% of fund value, but that does not tell us what fraction of either company the fund owns.
Scenario one: prices change, quantities remain
The next A price is SEK 24 and the B price is SEK 22. Cash remains SEK 600. No fund units are created or redeemed in this scenario. Calculate the new asset values and follow the same twelve units. Check whether an unchanged cash amount also means an unchanged cash weight.
A is worth SEK 960 and B SEK 1,320. Total fund value is SEK 2,880; each unit is worth SEK 4.80 and the student’s holding SEK 57.60. The change from SEK 60 is −4%. Cash weight is now 600 / 2,880 ≈ 20.83%, although the amount is unchanged. A’s weight in fund value is approximately 33.33%.
Scenario two: restart from the initial table
Reset prices and assets to the starting table. The fund now issues 120 new units at the initial value of SEK 5 each and receives SEK 600 in new cash. Net assets become SEK 3,600 and the unit count 720. Value per unit remains SEK 5 because numerator and denominator increase proportionally.
The student’s twelve units still have a value of SEK 60 but now represent 12 / 720 ≈ 1.67% of units. Assess whether students keep the scenarios separate and explain why a smaller fraction of a larger fund need not mean a lower value. Holding fund units does not, through this model, grant direct voting rights in the companies. Investiq’s share activities are a separate follow-up, rather than a claim of fund trading in the app.
Try it yourself
Another model has SEK 2,400 net assets, 400 fund units and a student holding of ten units. Net assets decline to SEK 2,280 with no change in unit count. Find starting value, ending value and percentage change for the student.
Show the solution and explanation
Starting value is SEK 60, ending value SEK 57, and the change −5%. The student has 2.5% of fund units.
2,400 / 400 = SEK 6 per unit and 2,280 / 400 = SEK 5.70. Multiplying each by ten gives 60 and 57; −3 / 60 × 100 = −5.
Check your understanding
Can the fund’s ownership percentage in A be calculated from 40 shares held?
Not without the company’s total share count. A’s weight in fund value is a different calculation.
Why does scenario two restart from the initial table?
It isolates unit issuance from the price change, keeping two separate causes apart.
Practise with virtual money
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More activities on this topic
Ownership, funds and stock indices
Sources and examples
The sources support the factual explanations. Calculations and exercises were created for this lesson. Amounts and price changes are invented unless stated otherwise.
This material is educational and does not recommend securities to buy. A simulated result does not guarantee a future result.
