Re: Differences in Gain fields

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Posted by Corey on November 28, 2006 at 12:03:48:

In Reply to: Re: Differences in Gain fields posted by Mark on November 27, 2006 at 16:24:53:

: Hi Corey,

: : 1) Could you elaborate on the differences between %Gain and %Gain-I?

: The %Gain figures are all based on "Out Of Pocket" calculations, where the %Gain-I looks at changes between two dates. %Gain-I starts with the value as of a certain date, which is often different than the out of pocket cost basis.

: : 2) Would %Gain-C be the same as %Gain-I?

: No, one uses the out of pocket cost basis for currently owned shares, and the other uses the starting value.

I though %Gain-V looks at the value changes between two dates. So I'm still not clear on %Gain vs. %Gain-I (and maybe %Gain-V). If I
try to interpret the formulas, it seems that %Gain takes into account redemptions, while %Gain-I does not (which is why I ask if %Gain-C, which does not have redemptions, would be the same as %Gain-I). Did I miss something?

: : 5) Is the Fund Performance yield the annualized %Gain-F?

: No. See the above answer. The ROI yields are your time/value weighted returns based on your invested dollars. The Fund Performance yields are the time/value weighted returns based on the intrinsic investment's share price and distributions/share. The FP yields ignore when/how you invested in that security, and report on just that investment itself. The ROI yields show how well your invested money performed.

Got it. Does the Fund Performance yield of a portfolio equal weight the investments (in the portfolio)? (I.e. if Portfolio A consists of 90% stock 1 and 10% stock 2, would the Fund Performance yield take this into account or does it just measure the intrinsic price and distributions of stock 1 and 2 equally)?

And how does the Fund Performance yield of a portfolio handle the purchases and redemptions of the investments in the portfolio?

Thanks again.

Replies:

• Re: Differences in Gain fields Mark 12:48:12 11/28/06 (2)
  • Re: Differences in Gain fields John 17:55:51 12/01/06 (1)
    • Re: Differences in Gain fields Mark 11:36:30 12/02/06 (0)