Portfolio Turnover reports display the activity level for the fund, by comparing the average long term security purchases or sales for the month to the average monthly market values of all long term securities. The turnover rate of a fund typically indicates the transaction costs of the fund and the effect on future returns. You can calculate and view the turnover rate for an entity and the security trade details that contributed to the calculations. You can submit the report for master funds or entity composites with sectors to calculate Portfolio Turnover at the master fund or composite level.
To use portfolio turnover reporting, you do the following:
- Set up Portfolio Turnover reports, including the Portfolio Turnover exclude rules to filter the information used by the reports.
- Use STAR to PACE Direct to establish the month end position and transaction information in the Eagle data warehouse.
- Calculate the average monthly market values to store in the Eagle data warehouse.
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