Annual Performance 2019 (Net of Fees)
*Performance data displayed was created by a third-part, independent source. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Past performance does not ensure future investment success. All investments involve risk of loss, there is no assurance of success.
Computations use the Mid-Weighted Dietz Method to calculate daily returns and then geometrically link those returns to produce a time-weighted return series.
The Mid-Weighted Dietz Method is commonly used to approximate a true time-weighted return, which is most useful for comparing performance to a benchmark. Time-weighted returns remove the impact of cash and security movement into or out of a folio or account in order to capture the performance of the strategy rather than the timing and size of the cash and security movement. Consequently, these returns are not a measure of the actual profit or loss, or actual cash return of your portfolio or account.