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The inception date check is designed to prevent the display of partial period returns. If the inception date of the fund falls in the middle or after the period, a null return is displayed. This check also applies to benchmarks and if you select the Use Fund Inception Date check box in the benchmark's Performance Analysis field, the fund's INCEPTION_DATE column is used for the check. If the Use Business Calendar option is selected, the check happens before the business calendar check.
You must specify a corresponding entity inception date field. By default, the inception date of the fund has the value, <default>, defined as the INCEPTION_DATE column in the RULES.ENTITY table to maintain backward compatibility. You can use this default value or can perform the check by selecting any other date field from the RULES.ENTITY table.
For example, eglEnt-EntityInceptionDate.
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Inception Date Check Setting | Business Calendar Check | Annualization |
|---|---|---|
Do not check inception date | When you: Select the Use Business Calendar option, the system applies the Business Calendar Check for the date range defined as the field begin date to the field end date. If the entity inception date falls within the period as a result of all the returns not being available for the period, the system suppresses the to-date or rolling period returns. It does not display returns if all the business days/months are not present. Do not select the Use Business Calendar option, the system does not apply the Business Calendar Check. If the entity inception date falls within the period as a result of all the returns not being available for the period, the system allows to-date or rolling period returns. | When you select the Annualize Returns option, the annualization period is the date range defined as the field begin date to field end date. |
Check inception date | When you do not select the Use Business Calendar option, the system does not apply the Business Calendar Check. If the inception date of the entity falls within the link period, the Inception Date Check suppresses linked returns. If you use the Inception Date Check for benchmark fields that refer to the portfolio inception date, it can also suppress benchmark returns for a period where the portfolio inception date falls within the link period. | When you select the Annualize Returns option, the annualization period is the date range defined as the field begin date to field end date. |
Begin linking from inception date (Performance Link Analysis fields only) | When you select the Use Business Calendar option, the report can display a return when the entity inception date falls within a link period. The system applies the Business Calendar Check to the link period after the inception date. It does not display returns if all the business days/months after inception are not present. The system applies the Business Calendar Check for the date range defined as the field begin date to the field end date, unless the inception date falls within the period. If the inception date falls within the period, the date range is defined as the inception date to the field end date. | When you select the Annualize Returns option, the annualization period is the date range defined as the field begin date to field end date, unless the inception date falls within the period. If the inception date falls within the period, the date range is defined as the inception date to the field end date. |
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