* We use Time-weighted return (TWR) for portfolio performance calculations
** Time-weighted return (TWR) is the industry standard for managed portfolios and market indexes
*** We believe that the TWR methodology best represents the true performance of your portfolio because it solely reflects the effects of the market and the investment choices made for you. To apply the time-weighted return method, we combine the returns over sub-periods by compounding them together, resulting in the overall period return. The rate of return over each different sub-period is weighted according to the duration of the sub-period.
