Answer
At Agio, the fund administrator keeps the share register: every subscription, redemption and transfer changes the register and the fund's ledger together. Agio Fund Services Ltd. in Nassau is licensed by the Securities Commission of The Bahamas (SCB) as an Unrestricted investment fund administrator under the Investment Funds Act, 2019.
Subscriptions issue new shares at the opening gross asset value per share for the dealing period. Redemptions and transfers are priced at the holding's NAV per share, net of any accrued performance fee. Agio records standard, mandatory and transfer redemptions.
Subscriptions and redemptions →A share reconciliation compares the register with the ledger, and any difference is flagged as an exception for review. Each NAV run also checks that the fund NAV equals the sum of the investors' capital accounts.
Digital-asset fund NAV and reconciliation →Changes to the share register are written to a share audit log. The register and shareholder movements for each period are part of the period reporting package for the auditor.
Audit support records →Next step
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