Annual Report

The Annual report shows returns for the past two years, the current year-to-date and since inception. The report is updated once per trading day, at approximately 8 p.m. EST, and includes investments owned during the periods shown only. GlobeAdvisor relies on the industry accepted method of computing investment return which is based on the internal rate of return (IRR) algorithm. According to the Association of Investment Management Research, "the recommended measurement of performance for presentation of the performance of a single private equity investment is the investment’s internal rate of return."

The rate of return calculated by IRR is the interest rate corresponding to a zero net present value of a series of cash flows. Technically-minded users can gain more insight into the workings of IRR by looking at the help information available on IRR in Microsoft's Excel spreadsheet product. For an example of how transactions can affect rate of return, see the Period-to-date Report Help.

• Name: Name of the investment. Click on a fund name to view its profile. Fund profiles provide key facts about the fund including a distribution report, top holdings and investment objectives. Click on a stock symbol (when underlined) to view its corporate snapshot. These snapshots provide a brief description of the company's area(s) of concentration, its main sources of revenue, its annual financials and industry competitors.
• [Year] Gain/Loss ($): The gain or loss on your investment from the close of the last business day of the year to the close of the last business day of the previous year.
• [Year] Gain/Loss (%): Percent return of holding from the close of the last business day of the year to the close of the last business day of the previous year. If you have bought or sold units of this fund during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm.
• YTD / Gain/Loss ($): The gain or loss on your investment since the close of the last business day of the previous year.
• YTD / Gain/Loss (%): Percent return of holding since the beginning of the year. If you have bought or sold units of this holding during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm.
• Since Inception Gain/Loss ($): The gain or loss on your investment since the first transaction date for the holding. Returns are "simple" returns for periods up to one year. If the time since the inception date is more than one year, then the return shown is an annualized return.
• Since Inception Gain/Loss (%): Percent return of the investment since first transaction date for the holding. If you have bought or sold units of this investment during this period of time, the calculation of gain/loss takes these transactions into account using the internal rate of return (IRR) algorithm. The returns that are calculated via IRR are simple (non-compounded) returns for periods up to one year. If the time since the inception date is more than one year, then the return shown is an annualized return.
• Trans/Chart/News
  • Click the transaction symbol   to display a report showing all transactions for a particular holding.
  • Click the chart symbol in a row for an individual holding to generate a chart for that holding.
  • Click the chart symbol in the blue Total row to generate a chart for your entire portfolio.
  • Click the news symbol to view all available news for the company.