Yield Calculations
Fund Manager can calculate three different types of yields over
any specified time period. The types of yields are:
Return On Investment
Fund Performance - Distributed
Distributions
Fund Performance - Re-invested
Distributions
Yields can be viewed in reports, or above the graphs if you have
turned on.
By default, yields for terms less than one year are not
annualized, and yields for terms greater than one year are average
annualized. Whether or not to average annualize yields can be
controlled from the Preferences -
Yield dialog.
For the yields displayed above the graphs, the yields are
displayed for the yield term ending on the ending (right most)
graph date. For example, if the graph is displaying data from
12/24/2003 to 6/3/2006, a reported 1 year yield is the yield from
6/4/2005 to 6/3/2006.
In order to calculate yields, Fund Manager requires pricing
information for both the starting and ending dates of the yield
term. If prices are recorded for both the starting and ending
dates, Fund Manager will use those prices and calculate the yield.
When a price is not recorded, Fund Manager can "interpolate" one.
You can control when and how Fund Manager interpolates prices for
yield calculations with the interpolation range settings. See
Interpolation Range for a
description of the interpolation range options and how they work.
When a price is recorded or when Fund Manager interpolates a price,
a yield will be calculated and displayed. When there is no recorded
price and the interpolation range settings are set such that Fund
Manager does not interpolate a price, "N.A." will be displayed for
that yield.
The set of yield terms displayed above the graphs and on the
yield reports can be specified with the dialog. In
addition to these yield terms, an average annualized yield for the
term from the beginning (left most) date of the graph to the ending
(right most) date of the graph is also displayed above the graphs,
and is labeled as "gph" to stand for "graph". The date range may be
changed using the menu command .
Fund Manager uses a bisection algorithm to iteratively solve for
all yields.
See Also
About Graphs
About Reports
Interpolation Range
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