The Graduate School of Business excludes these costs in the calculation of a fund's one-year performance figure. Micropal includes these costs by calculating performance from the price paid by the investor and the selling value of the units at the end of the one year period. To compound the confusion, unitholders might also see published Micropal performance figures which exclude costs. Micropal figures can be used over any particular period and will vary depending on the base date. To track the performance of your fund against other comparable funds, its best to decide which source of information you are going to follow and to stick to it.
Money publishes the Micropal performance figures every week.
These include costs and the re-investing of income distributions on the declaration date. Unitholders who monitor the weekly performance by means of our table are in a position to assess the consistency of the fund's performance over time.