Composite Analysis Report Fields

The following table lists the Dispersion Calculation fields that are currently available in the Composite Analysis report.

Equal Weighted Composite Return (Mean Return)	Asset Weighted Composite Return
Equal Weighted Standard Deviation	Asset Weighted Standard Deviation
High, Low and Medium Return	High, Low, Mean and Medium Value (as of period end)
High, Low, Mean and Medium Value (as of period begin)
Best Quartile/Decile/Percentile	Worst Quartile/Decile/Percentile
Quartile Dollar Dispersion	Of Portfolios Added
Of Portfolios at End of Period	Of Portfolios in Whole Period
Of Portfolios Removed	Of Portfolios at Begin of Period

These fields will, on the fly, identify the Composite's constituents for each time period selected in the report, fetch the applicable Performance data inputs of the constituents' and calculate the result. With the enumerate composites option, the Composite's constituents used in the calculation will be the final constituent entity list that is derived by drilling through to the lowest level of the composite entity structure as illustrated earlier. If the enumerate composites option is not selected, then Composite's direct constituents at the top-level are used.

In accordance with GIPS, the evaluation of the Composite's constituent list is done on each time period individually, with the rule being to only include those constituents that were in the Composite for the entire time period. This is the main reason these calculations are done on the fly and the stored Composite sub-period data is not simply chain-linked and used.