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There are two types of composite entities, as described in the following table.
Entity Type | Description | Single-Period Constituent Inclusion Rule | Composite Return Calculation Types Supported |
|---|---|---|---|
ACOM | Performance Composite. Complies with GIPS for Composite Definition, Calculation and Presentation. | Portfolios that were in the composite the entire calculation period are included as constituents in the composite. | Weighted Average |
COMP | Composite. Core PACE composite, does not comply with GIPS for Composite Definition, Calculation and Presentation. Used for performance attribution on a composite. | Composite constituents that were in the composite at the beginning of the calculation period are included as constituents in the composite. Using the Monthly composites option, portfolios that were in the composite the entire calculation period are included as constituents in the composite. | Weighted Average |
Notice that you can calculate composite returns using two different methodologies. The weighted average return method is the method used by most investment firms for calculating single-period composite returns used for GIPS composite presentations. But both this and the aggregate of holdings and flows method can be used in Eagle Performance. Here you are focusing on the GIPS composite setup and you use the entity type ACOM to store information on these composites.
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