In the example shown in the following figure, you calculate a return adjusted by loads with both the option to use the prior- and nextperiod next period load on the date that the load/fee changes.
This example uses the following sample database profile: MF Multiperiod Returns 6.0 – Anniversary Date Fees.
The spreadsheet in the following figure shows the methodologies for calculating these returns.
The first return (-5%) is calculated by adjusting the ending value by the load dollars determined using the current period load. Here you calculate a 1-year return using the first-year load.
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To configure PACE to calculate this return, you selected the next fee/load tier on anniversary date processing option. See the following figure.
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Troubleshoot Anniversary Date Load and Fee Calculations
Edit or view the entity and Dynamic Mutual Fund Returns field to see the parameters used in the return calculation.