GLOSSARY

Investor return

IN PLAIN ENGLISH

The return a fund's investors actually earned, weighted by when their money went in and out — a money-weighted return across all of them.

WHERE YOU MEET IT

Not calculated by the app.

WATCH OUT FOR

It can differ from the fund's published return with no fault in the fund.

EXPLAINED IN

The gap between fund returns and investor returns

Educational content only. It is not personal financial advice.