How is performance measured in terms of NAVPS?

In the context of measuring performance using NAVPS (Net Asset Value Per Share), the correct approach is to calculate the change in NAVPS over a specific period relative to the beginning NAVPS. This is accomplished by taking the difference between the ending NAVPS and the beginning NAVPS, and then dividing that amount by the beginning NAVPS. By multiplying by 100, you express this change as a percentage. This method provides a clear indication of how much the value of each share has increased or decreased and is a standard way to assess investment performance.

The performance measurement helps investors understand the effectiveness of their investment during the specified period and is particularly useful for comparing the performance of different investment funds or assessing the overall market trend.

This calculation reflects both the appreciation of the assets within the fund and the impact of any distributions or charges. Thus, it provides a comprehensive view of performance based on the net assets per share, crucial for informed investment decisions.