The Intraday report for stocks is updated throughout the business day. As the day progresses, it is useful for tracking the market value of your stocks and the dollar gain or loss for your stocks since the previous trading day.
All other reports (Standard, To-Date, Rolling Periods, Annual, Gain/Loss) are updated once every business day at approximately 8 p.m. EST.
Unfortunately, you cannot download your portfolio data into another application such as Microsoft Excel, Money or Quicken. We will certainly put a notice on the site when we have this capability.
This hopefully will explain how we compute Total Cost in our Globe Portfolio and why we do it the way we do. The first issue is that we designed Globe Portfolio to be a way to measure your return on investment over various intervals of time. The Standard Report is intended to show the return on your funds between the time you bought them and the date in question (usually up to yesterday, but this report does have an option that let's you look at your market value for preceding month-ends as well). Other reports like the Performance Report show your return over shorter periods (1 day, MTD, and YTD).
To measure return, you need to look at the total out of pocket cost to acquire a mutual fund excluding distributions (call it A), and the market value of that fund (call it B). The percent return is then 100 x (B-A) /A. On the Standard Report, we show cost excluding distributions, which we label Total Cost (A), market value (B), and the percent gain/loss as above.
Many people assume that receiving a distribution is a wonderful thing in the belief that the market value of their holdings has just jumped by the amount of the distribution. But this is not the case. A distribution does not change the market value of your investment at all. The reason is that although you do receive a distribution, the unit price of the fund drops by a corresponding amount. Consider for example Templeton Growth Fund. On June 25, 1998, the unit value was $11.40. On June 26, Templeton declared a distribution of about $1.30, and as a unit holder, you would have received additional units (or cash) for the distribution. But on the day of that distribution, the price dropped to $10.14. The fund didn't really lose that much in one day, it just reflected the value of the distribution that had been made. The net result is that the market value of your investment does not grow at all because of a distribution.
The problem with including distributions in Total Cost is that it negatively impacts your return. Suppose for example you had purchased $1000 of Templeton Growth just before the distribution (i.e., total cost was $1,000). The day after the distribution, your market value is still close to $1,000 (you have more units but the price has dropped). If you add that distribution to your total cost, the new total cost would rise to about $1,120. You would then be looking at a Total Cost of $1,120 and a market value of $1,000, for a loss of about 11%. But from an out-of-pocket cost point of view, your gain/loss as a result of the distribution is 0%.
This is why we do not include distributions in Total Cost.
Back to top