How are percentage returns calculated in the Totality platform?

The Daily Percentage Return reflects both realised profits (from closing positions) and unrealised gains (from price changes in open positions). It also incorporates capital gains and costs, including fees, dividends, coupon payments, and other corporate action distributions.

The return is calculated using the time-weighted rate of return method and can be compared against a chosen benchmark. To prevent overstating returns, Totality's formula accounts for whether net capital flows are positive or negative.

Capital flows include all external cash movements and security transfers, such as clients depositing or withdrawing cash or transferring securities in or out of an account.

Positive Capital Flow

When net external capital flows are positive, meaning capital inflows exceed capital outflows during a trading day, all capital movements are assumed to have been made at the start of the day.

Cash and security injections are treated as occurring at the beginning of the day.

These funds are considered available for use in the account from the start of the trading session.

Percentage return in this scenario is calculated accordingly.

Negative Capital Flow

When net external capital flows are negative, meaning capital outflows exceed capital inflows throughout the trading day, all capital movements are assumed to have occurred at the end of the day.

• Cash withdrawals and outgoing security transfers are treated as taking place at the end of the trading session.

• These funds are considered available for use in the account until the trading day concludes.

• Percentage return in this scenario is calculated as:

The daily percentage returns are displayed in the Performance View.

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