Performance Link Analysis Field

Name

Controls the default column heading.

Comments

Not displayed on the report.

Precision

Decimal precision of the field. You can override this field.

Field Name

Performance Analysis field you are linking.

Period Options

Linking period. For more information, refer to "Performance Link Analysis Field Linking Options."

Alignment to Observation Field

Allows for linking across gaps in the portfolio return series and annualizing based on the dates that actually had returns (as opposed to the original linking period). This feature also enables you to align a benchmark to the same dates that the portfolio had returns.
Any two performance analysis fields can be aligned. The periods are specific to each security and sector. Benchmark returns can be aligned with the portfolio's invested period for each security or sector. This calculation excludes benchmark returns for dates outside of the portfolio's investment period.
The options for this field are:

• None. Default.
• Dates of Individual Observations. Enables you to set the investment period to be the exact date and frequencies for which there are portfolio returns.
• Date Range of Observations. Enables you to select the date range when observation returns were available within the linking period. It starts with the earliest date for which there is a portfolio return and ends with the last date for which there is a portfolio return. This is intended to align a benchmark to the portfolio's invested date range.
  
  After making a selection, you can select a Performance Analysis Observation field to define how to align the original linking period with the dates with values for the Observation field. The Observation field can link to a portfolio or a benchmark.
  In addition, you can select the check box for Consider Observation as Funded Field Flag to provide an additional level of control.

Ignore currency returns when missing performance returns for some periods

Allows you to ignore currency returns. Options include:

• Selected (Check mark). If Eagle Performance finds a single period return for an effective date, it calculates an FX return for that effective date. If Eagle Performance finds no single period return for an effective date, then it calculates no FX return for that effective date.
• Cleared (No check mark). When you convert a Performance Link Analysis field to another currency, Eagle Performance 1) Calculates the return for the entire period, 2) Calculates the FX return for the entire period, and 3) Links the two returns together.
  This is the default method for converting returns.

Use Business Calendar

Determines whether to use the business calendar to ensure that there are no missing returns. Drop-down list options include:

• No. The business calendar is not used.
• Yes. Eagle Performance uses the entity's business calendar to compare the expected number of daily and monthly returns at each level. It sets the field to NULL if the count of observations does not equal the count from the business calendar.
• Check at Total Level Only. Eagle Performance compares the dates of the returns at the Total level, and applies the check results at all levels. If days are missing at the Total level, all levels fail the check and display as blank. If days match at the Total level, all levels attempt to calculate by linking the available data.
  For more information, refer to "Performing Business Calendar Checks" and the Use Prior Observations, Months, Quarters, Years option in "Performance Link Analysis Field Linking Options."

Annualize Returns

Determines whether to annualize returns. Options include:

• No. The results are not annualized.
• Yes. The cumulative results are annualized to the field period.
• To Held Period. Results are annualized based on a reduced period from the first date held to the last date held for the specific Security or Sector. If the holding period matches the field period, this calculation produces the same results as the "Yes" option. If the held period is less than the field period, this calculation annualizes based on the shorter period. The subsequent annualization adjustment will be less than for the "Yes" option, or it will produce a blank value if the shortened period is less than a year.
  For more information, refer to "Annualizing Returns."

Annualization Method

Specifies the method to use for annualization. Only available if Annualize Returns drop-down list is set to "Yes" or "To Held Period." Options include:

• Use System Settings. Uses the values set in Eagle Performance System Parameters 8 (Annualization Method) and 9 (Numerator for annualization based on days).
• Default Method. Uses the Default method for annualization, and ignores the value set in Performance System Parameter 8.
• Days Method. Uses a Performance System Parameter 8 value of "Days."
• Months Method. Uses a Performance System Parameter 8 value of "Months."

Numerator for Annualization Based on Days

Specifies the number of days to use in the numerator for annualization and ignores the value set in Performance System Parameter 9. Only available if Annualize Returns drop-down list is set to "Yes" or "To Held Period", and the Annualization Method drop-down list is set to "Days."

Mixed Frequency Options

Allows you to link returns with a daily, quarterly, or monthly frequency for any specified time period. Options include:

• End Period (default). Allows the return frequency to descend to the end date of the link period from a larger frequency.
• Begin Period. Allows the return frequency to ascend to a larger frequency from the begin date of the link period.
• Use Quarterly Data. Allows quarterly records to be used in mixed frequency linking when possible.
  Mixed Frequency Options are available for any Performance Link Analysis Field Linking options. For more information, refer to "Mixed Frequency Linking."

Load Adjustment Returns

For backwards compatibility, replaced by Mutual Fund fields.

1

On

Off

Off

> prior month end date & <= end date

> begin date & <= prior month end date

None

2

On

Off

On

> prior month end date & <= end date

> prior quarter end date & <= prior month end date

> begin date and <= prior quarter end date

3

Off

On

Off

> begin date & <= begin month end date

> begin month end & <= begin quarter end date

None

4

Off

On

On

> begin date & <= begin month end date

> begin month end & <= begin quarter end date

> begin quarter end date & <= end date

5

On

On

Off

> begin date & <= begin month end date

AND

> prior month end date & <= end date

> begin month end & <= prior month end date

None

6

On

On

On

> begin date & <= begin month end date

AND

> prior month end date & <= end date

> begin month end date & <= begin quarter end date

AND

> prior quarter end date & <= prior month end date

> begin quarter end date & <= prior quarter end date

Use Prior Observations, Months, Quarters, Years

The start of the period is always determined by going back that specified calendar period from the Report Profile date.
For example, specifying to use the prior 9 Months makes the start date be 9 calendar months earlier than the report profile end date. If the field is set for 24 observations, and the periodicity is monthly, the statistic is calculated for a period of 24 calendar months back from the date specified by the Report Profile that uses this field.
The Reporting Period Options are distinct from the underlying frequency of the returns data being analyzed that is specified in Data Frequency.
For example, daily returns data can be linked over a period specified by selecting the number of Days, Months, Quarters or Years.
If you select Observations, this option allows you to go back the specified prior n number of return observations. If the Use Business calendar check box is not selected, the system goes back to the n most recent observations prior to the report date. If the Use Business Calendar option is not in use, the system goes back n observations, corresponding to the business days or months suggested by the calendar.

Between Two Dates

Provide the first and last day of the entire period. For example, to request the return for calendar year 2014, set the begin date to 1/01/2014 and the end date to 12/31/2014.

Date Rule

Custom rolling link periods can be defined and used with both beginning and end date offsets set via date rules. For example:

• Since-inception as of prior-month end
• 3-year annualized return as of prior year end
  Many date rules come pre-configured with the system, and you can add more.

To-date returns

You can link returns from the fund's inception date or the funds fiscal year end date. The drop-down list menu shows you all date fields that are being maintained on the entity record.
For example, you can maintain an inception date and a performance inception date, and calculate returns from both dates.

Link up to termination date

You can select this check box and a corresponding entity termination date field to perform linking up to the termination date only for the fund or benchmark. If you select this option for:

• The fund, the report identifies that entity's termination date and uses it as the end date for the link period where the termination date is greater than the period end date.
• The benchmark, the report identifies the termination date of the related fund and uses it as the end date for the link period where the termination date is greater than the period end date.
• Inception-to-date fields or fields greater than one year, the annualization day count also uses the termination date rather than the period end date for the field.
  If you plan to select the Use Business Calendar option, selecting this option allows you to provide linked values for funds that terminate prior to the date of the link period. Otherwise, the field returns a null value because the number of returns in the database do not match up with the number of business days in the link period.

<Inception Date Check>

You can select one of the following options to allow or prevent the display of partial period returns:

• Do not check inception date.
• Check inception date. (Default)
• Begin linking from inception date
  For more information about these options and how they interact with other field settings, refer to "Using the Inception Date Check."