Net Asset Value

This section shows your account's Starting and Ending Net Asset Value (NAV) for the period of the report. All values and amounts are in your base currency.

Column Description
Starting NAV for the period
Total Total Net Asset Value (NAV) of each asset class at the close of the period covered by the statement. Values appear on a separate row for each asset class in which you hold positions and for interest accruals and dividend accruals. Values are totaled at the bottom.
Ending NAV for the period
Long Total NAV for long positions of each asset class at the close of the period covered by the statement. Values appear on a separate row for each asset class in which you hold positions and for interest accruals and dividend accruals. Values are totaled at the bottom.
Short Total NAV for short positions of each asset class at the close of the period covered by the statement. Values appear on a separate row for each asset class in which you hold positions and for interest accruals and dividend accruals. Values are totaled at the bottom.
Total Total NAV of each asset class at the close of the previous period. Values appear on a separate row for each asset class in which you hold positions and for interest accruals and dividend accruals.Values are totaled at the bottom.
Change The amount of change for each row from the beginning to the end of the period.
 
Time Weighted Rate of Return The percent Time Weighted Rate of Return for the period of the report. Time Weighted Rate of Return measures the percent return produced over time independent of contributions or withdrawals.
Change in NAV

This section summarizes how your account's NAV changed in the period of the report. It shows the Starting NAV total, the total of each individual item that contributed to NAV and the Ending NAV, all on separate rows.

The individual line items that contribute to NAV can include the following:

  • Mark-to-Market (includes FX translation on cash balances and positions)
  • Interest - Includes broker interest, bond interest, interest accrued and interest accrual reversals
  • Fees - Includes advisor fees and other fees
  • Fees Receivables
  • Dividends - Includes dividends, payments in lieu, withholding taxes and changes in dividend accruals converted to your base currency
  • Commissions - Includes commissions and client fees
  • Commissions Receivables
  • Transaction Fees - Includes transaction taxes and daily trading charges
  • Transaction Fees Receivables
  • Deposits and Withdrawals - Includes deposits, withdrawals and cash transfers
  • Position Transfers
  • Change in Dividend Accruals

  • Change in Interest Accruals

  • Other FX Translations - Includes FX translations on dividend accruals, interest accruals and soft dollars

Because FX translation rates change from period to period, there will be differences in the translated base currency balances. This difference is reflected in the Other FX Translations value.