About the Performance NAV Calculation
- Nancy Cohn (Deactivated)
The Performance NAV calculation uses Eagle PACE data warehouse data to determine the difference between daily STARDIRECT and STARPERF sourced holdings market value data:
STARDIRECT Market Value – STARPERF Market Value = Market Value Delta
When the entity is multi-class, the service uses the allocation percentages from daily activities to calculate the class specific market value movement:
Market Value Delta * Class Allocation Percentage = Class Specific Market Value Delta
It then adds the Market Value Delta to the daily accounting total net assets calculated for that effective date to determine the Performance TNA:
Daily Total Net Assets + Market_Value_Delta = Performance Total Net Assets
Next, the calculation divides the Performance TNA by the daily accounting Shares Outstanding for that effective date to determine Performance NAV Per Share:
Performance Total Net Assets / Daily Shares Outstanding = Performance NAV Per Share
Finally, if you set up an entity with a Multicurrency NAV Rule, the calculation multiplies the Performance NAV by the applicable current effective date FX Rates to determine the Performance Multicurrency NAVs.
Performance NAV Per Share * FX Rate = Performance Multicurrency NAV
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