Dear Backstop Support,

Anonymous
timer Asked: Feb 17th, 2015

Question description

Dear Backstop Support,

When I log in to Backstop and open the investor account, John Smith Class A, in period of August 2014, I am seeing a return of 0.32%. However, when I run monthly return the calculation on my own I think it should be 10.33%. It's urgent that Backstop display the correct return, since I cannot report on the period with the account in this state.

Regards,

Margaret

Notes:

  • EOM = End of Month
  • BOM = Beginning of Month
  • Subscriptions occur at BOM
  • Redemptions occur at EOM
  • The compounded return calculation is:

(August Ending Balance - (July Ending Balance + August BOM Subscriptions) - August EOM Redemptions)/(July Ending Balance - July EOM Redemptions)

  • July 2014 ending balance is $1,002,309.02
  • There are not any transactions in July
  • August 2014 ending balance is $1,105,836.41
  • August 2014 transactions include a subscription of $100,000.00

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