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Posted by John Pollard on January 2, 2007, 1:03 pm
Please log in for more thread options P.Schuman wrote:
>> So, both my Q reports are accurate to Yahoo. Are you
>> sure that you are using a time period greater than at
>> least one year, you're excluding all your other funds
>> from the Investment Report, and that you are actually
>> using Q to reinvest dividends and cap gains correctly?
>>
> This has been an interesting treasure hunt in "numbers".
> Here is one fund I've been using for this search -
> Fidelity Div Intl - FDIVX -
>
> Using the Quicken 2004 account summary screen,
> when I select the "recent performance"
> and the 1-month, 3-month, 12-month columns are displayed,
> it shows 12.59% for the 12-month value for the FDIVX fund.
>
> If I then go to the Reports, and create the Performance
> Report,
> and basically select the mutual funds, and sub-tot by
> security,
> I can see every fund....
> In this case - my FDIVX security/account shows -
> begin mkt value (1/3/06) = $31,912
> end mkt value (1/2/07) = $39,097
>
> the div activity is $353.xx + $2,441.xx + $19.xx = $2,814
>
> SO - from $31k to $39k is 22.51% and that is what
> Fidelity shows... 22.52% but Yahoo had it at 19% - weird -
> In my mind, you have 2 components creating the "return".
> #1 - the actual payback of divs, gains, etc
> ie - $31k with $2,814 divs = 8.81%
> #2 - the increase of NAV price - beyond that of gains -
> ie - $32.53 (2006) to $36.95 (2007) = 13.58%
> Therefore 8.81% + 13.58% = 22.39%
> which is in the ballpark of the official 22.52% annual
> return.
>
> It almost seems like the Account Summary screen (recent
> performance) which is showing 12.59% is only looking at the
> "price
> increase".
Exactly. (Actually it's looking at the "value"
increase/decrease.) Note the column headings on the Summary tab
use the term "Gain/Loss": that refers to the increase/decrease
in the "value" of the security ... not the "return".
The Investment Performance report shows "Average Annual Return",
also known as "Internal Rate of Return" ... not the same as
"Gain/Loss".
If you elect to "Show" the "Historical Performance" on the
Account Summary tab, you will see columns for "Average Annual
Return"; those should produce results matching the Average
Annual Return column in the Performance report when comparable
periods are used in the report.
--
John Pollard
First initial underscore Last name at mchsi dot com
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