Negative OOP

[adennis]

Hi Mark

I am getting negative OOP on Historical Basis for any fund I have sold out of and the one cash account I have set up as part of my evaluation.

Is OOP = Cost?

If not what is

If it is how do I get negative costs

[Mark]

Hi adennis,

OOP stands for "Out Of Pocket", and yes it is your cost. There are different versions available. For example, you can get your OOP cost for only the currently owned shares as of a particular date, or you can get it for the full life of an investment. If you are looking at the "historical" (inception) cost, and you've sold all your shares, it is quite possible the OOP is negative. This just means that you sold it for more than you paid. Your OOP cost is negative over the life of the investment. This is a good thing in this case, as it means you're ahead on that investment. For more details on OOP, please see:

http://www.fundmanagersoftware.com/help/def_oop.html

The OOP cost is slightly different than tax cost basis. For example, a reinvested distribution does not change your OOP cost, but would increase your tax cost basis. OOP is meant to help track your overall break even point.