The Performance Calculator allows you to calculate performance figures for any period you choose using a variety of user-defined options (NAV, total return, absolute return, etc). The tool allows performance comparison against a range of popular benchmarks, including the sector average.
The tool automatically displays a performance table and a chart.
The table produced after selecting options and the chart shows performance data for both the fund and the selected benchmark. Note that periods of more than a year show annualised returns.
Annualised figures are used to make it easier to compare different periods and to compare funds with benchmarks (like interest rates). A figure of 20% in the 3 year column means the return on the fund was equivalent to 20% per annum over three years (compounded annually). This is the same as an absolute return of 72.8% (ie, at 20% p.a. compounded annually R100 turns into R172.80 over three years).
Note: A 'month' is not necessarily a calendar month for the purposes of the performance table. A '1 Month' figure to 11 May, for example, means the performance from 11 April to 11 May.
The Period drop-down allows you to select from a range of standard periods. If is also possible to select specific start and end dates by clicking on the calendar icons alongside the 'starting' and 'ending' fields.
The 'starting' date will adjust automatically if you choose a standard period (eg, 6 months) and change only the 'ending' date.
If you choose a custom period by selecting specific start and/or end dates, a column is added to the table showing the performance figures for the fund and selected benchmark according to the selected options. In other words:
If you selected Total Return and the defined period is greater than 1 year, the figure in the Custom column will be the annualised compound equivalent return.
If you selected Absolute Return and the figure in the Custom column will be the full return achieved over the period. This means you will often get very large percentages over extended periods (such as 8 or 10 years).
To modify the displayed performance figures and chart period and style, select the required options and click Calculate and Plot.
Calculate performance based on the net asset value (ie, daily price) of the fund.
The Y-axis (left-hand) scale for this option is the unit price.
Calculate performance based on the unit price plus dividends reinvested.
The Y-axis scale for this option is the percentage change in the value of the investment.
Calculate performance based on a specified lump sum rand investment including reinvestment of dividends.
The Y-axis for this option is the change in the total rand value of the investment.
Calculate performance based on specified monthly (debit-order) contributions.
An annual escalation can be applied to the calculation.
The Y-axis scale for this option is the total rand value of the investment.
Allows you to specify the X-axis (time-frame) of the chart.
Shortest available period is one month.
Longest period available depends on the launch date of the fund or selected benchmark.
Allows you to select the unit class for which performance should be plotted on the chart.
Note that selecting a different class may reduce the X-axis (time-frame) of the chart if the selected unit classes was created more recently by the manager.
Allows you to specify one of a number of benchmarks in order to compare the fund's performance to the selected benchmark.
The benchmark is automatically adjusted to begin at the same point as the displayed fund (the Y-axis scale remains set for the fund), except if there is insufficient benchmark data for the selected period.
Note that certain benchmarks may be inappropriate comparisons for certain types of funds.
Notes
Initial fees are not taken into consideration when calculating these figures and plotting graphs.
Underlying price data used is net of annual service charges.
Periods are to the end date shown at the top of the performance data table, which is usually the last business day. For example, if this states as at 18 May, it means a 1 year calculation is from 19 May of the previous year.
Daily data is not available for funds founded before 1986. The since inception option for Period is therefore not valid for the small number of unit trust funds in existence before 1986.
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