Understanding performance reporting

By using Report Builder via Wrap Groups in Adviser Online, group performance reporting is available to provide information for a group of accounts. This allows the user to generate a reporting pack of performance, asset allocation and balance history for a group of accounts over a selected period.

You can generate group reports for Wrap groups with a maximum of 8 accounts in a Reporting group. See how to create a Wrap group.

 For more information on how to use Report Builder, see Using Report Builder.

You can get a comprehensive view of your client’s account-level performance via ‘Performance > Performance - Summary’ and ‘Performance > Performance over time’ in Adviser Online, or via Report Builder.

To access ‘Performance - summary’ or ‘Performance over time’ on Adviser Online:

1. Log in to Adviser Online
2. Search for your client’s account in the global search bar in the header
3. Select Performance within an account
4. Select Summary or Performance over time.

• Performance - summary: Provides a clear, consolidated view of total portfolio performance including capital flows, income and growth. It's designed to present the net performance, quickly and clearly.
• Performance over time: Provides a visual representation of a client's portfolio performance against industry-standard benchmarks.

You can get a comprehensive view of your client’s security-level performance via ‘Performance > Performance - Security detail’ in Adviser Online, or via Report Builder.

This report allows for a deep-dive analysis of the portfolio's overall result by examining the individual securities and asset classes at the asset and holding level.

It is purpose-built for investigating, sorting and filtering to identify top movers and understand the performance of each holding.

To access ‘Performance > Security detail’ on Adviser Online:

1. Log in to Adviser Online
2. Search for your client’s account in the global search bar in the header
3. Select Performance within an account
4. Select Security detail.

(Closing portfolio value – Opening portfolio value – Net capital flows) / (Opening portfolio value + Sum of the weighted capital flows)

(Closing value – Opening value – Net capital flows) + Income accrued] / (Opening value + Sum of the weighted capital flows)

(Closing portfolio value – Opening portfolio value – Net capital flows) / (Opening portfolio + Net capital flows) / 2)

Please note:

• TWR calculations are performed based on data available at a specific point in time. Performance figures may not automatically recalculate if updated or revised data becomes available after the initial calculation date.
• TWR figures will smooth out significant spikes or troughs in the daily portfolio balance of an account. Not all days will be included in the final performance figure.
• Due to the current system calculation methodology, TWR figures may not accurately reflect investment performance during periods when in-specie transfers occur.

• Group performance is calculated using only money-weighted rate of return.
• Group performance will only consider the account’s active period when calculating performance and limit all values to the accounts active period. Even if the reporting period is selected for a greater date range, it will only allow the group report to be generated from the earliest account’s opening date to the latest account’s close date.
• Group performance will only include an account within the report pack if it was active during at least a part of the reporting period.

• Returns for periods over 12 months are annualised, making it easier to compare the performance of different investments over different time periods. Alternatively, returns for periods less than 12 months are not annualised.
• Managed funds are valued using cumulative (cum) pricing. While this has minimal impact on TWR, it affects the timing of when distributions are recognised as cash flows in the shorter term for MWR performance return calculations.
• Franking credits are not included in TWR or MWR performance calculations.
• Non-custodial (Other) assets are not included in the TWR calculation. They are included in the MWR calculation.
• Performance calculations generally include income and expenses (including fees and taxes if applicable).

• Performance over time is calculated using only a TWR methodology. 
• Performance over time is based on available valuation points (typically daily), which are used to calculate and compound returns across the selected period. 
• Performance over time is only available for accounts with at least 12 months of history. This is to reduce the impact of short-term market volatility and ensure more meaningful performance comparisons.  
• If the selected reporting period includes dates prior to the account or investment being established, performance is only calculated from the first available valuation date. 
• Performance over time may differ from other performance measures, such as ‘Growth’ or ‘Security Performance’, due to differences in calculation methodology, timeframes, and levels of aggregation. Minor differences may also occur due to rounding or timing of calculations. 
• The benchmarks that are available in the Performance over time report are sourced from third-party data providers and have been selected as industry-standard benchmarks.

• Security performance isn’t available for the Cash Account/Hub or Term deposits.
• Security performance is available for Other assets.
• If the security was transferred in after the report start date, then the opening value used in the security performance calculation is as at the date the security was transferred in. Otherwise, the opening value used is as at report start date.
• For reporting periods that span ex-dividend dates, cumulative pricing can create temporary differences in security-level performance compared to ex-pricing methods.
• The 'Growth' figure on the Performance Summary report can at times differ from 'Security Performance' because they’re calculated over different timeframes. While Growth is always calculated for the entire reporting period, Security Performance is calculated only for the most recent holding period of that security. An event like a corporate action, redemption or restructure can shorten the security's holding period. When this occurs, a warning tooltip will appear on the ‘Performance Security’ detail page confirming the exact dates used in the calculation.