Theme return: Geometric holding-period return; months with 0% weight contribute 0% to the chain. Annualized when held > 12 months. |
Active return: Theme return minus MSCI ACWI return for the period. |
Avg equity wt.: Theme avg weight ÷ sum of all theme avg weights. |
Contribution: Each month, theme return × equity-normalised weight, chained geometrically.
Fixed Income Theme Returns vs. US Aggregate
Theme
Theme Return
US Agg
Active Return
Avg FI Wt.
Contribution
Theme return: Geometric holding-period return; months with 0% weight excluded. Annualized when held > 12 months. |
Active return: Theme return minus US Aggregate Bond return for the period. |
Avg FI wt.: Theme avg weight ÷ sum of all FI theme avg weights. |
Contribution: Each month, theme return × FI-normalised weight, chained geometrically.