How is the annual performance graph calculated?

The annual performance graph shows the fund’s performance in each discrete 12-month period to date. It is similar to the graph which is included in fund factsheets, and meets the FCA’s requirements for fund advertising (though this regulation only applies to promoters’ own advertisements, not to intermediaries).

If only one fund is included then the bars are colour-coded green for positive returns and red for negative returns. If multiple funds are included then each fund is allocated the same colour for all its bars, regardless of whether performance is positive or negative.

You can change the time period, and choose to include an index on the graph. The sector average is also available for inclusion provided that all the funds (if there is more than one being graphed) are in the same ABI/IMA sector.

The “as baseline” option lets you plot the performance of the fund relative to the chosen index. The values shown on the graph are then the number of percentage points by which the fund has under- or outperformed the index. For example, if the fund rises 20% during a 12-month period and the index rises by 15%, this will be shown as the value +5%.