Total Return. As stated above, the proposed securities also may use a ‘‘Total Return’’ methodology to value the linked commodities. The Total Return methodology simply adds the element of return arising from an investment in U.S. Treasury bills to the value of the linked commodity as calculated by the Excess Return methodology described above. The element of return arising from and investment in Treasury bills is referred to as collateral return (‘‘collateral return’’). Thus, Total Return equals Excess Return plus an interest rate equivalent to the U.S. Treasury xxxx rate. If the Total Return methodology is used, securities will not have a separate dividend or interest payment, or if they do have a separate dividend or interest payment, it will be substantially less than if the Excess Return methodology were used. The return based upon the Treasury xxxx rate will be calculated using a 13 week T-xxxx yield, compounded daily at the decompounded discount rate of the most recent weekly U.S. Treasury xxxx auction as found in the H.15 (519) report published by the Board of Governors of the Federal Reserve System, on the full value of the commodity. Interest will accrue on an actual day basis over weekends and holidays at the previous day’s rate.
Total Return. For each class of shares, the Per Share Total Return multiplied by: (i) the Starting NAV, and (ii) the weighted average number of shares of such class outstanding during the year (to reflect share issuances and/or share redemptions during the year).
Total Return. The aggregate increase or decrease in the value of the portfolio resulting from the net appreciation or depreciation of the principal of the fund, plus or minus the net income or loss experienced by the fund during the period. Trade Date The date when a transaction is effected or executed. Trade Date Basis, Accrual Basis PIMCO employs a double entry accounting system. Since many custodian statements are based on settlement date-basis, or cash-basis accounting systems, there may be some confusion as to what information contained under.
