Total return
The total return is the return generated by the move in the share price or net asset value including dividends or income. When dividends are not included in the performance […]
Modified Dietz
The Modified Dietz method is a way to measure a portfolio’s historical (or ex-post) return. The result of the calculation is expressed as a percentage return over the holding period. Modified Dietz is […]
SORP
SORP is the acronym for Statement of Recommended Practice and refers to Financial Statements of Investment Trust Companies and Venture Capital Trusts issued by the Association of Investment Trust Companies. […]
Waterfall Arrangement
A waterfall arrangement or waterfall payment scheme describes the order in which creditors get paid. Two common uses of the term are within the debt and private equity sectors. In a […]
Bonds
Another name for debt that can be traded There are many types of debt instrument under the “catch-all” title of Bonds. They are also referred to as “Fixed Income”. They […]