CAPS 4.0 provides powerful calculation and reporting features for portfolios and composites. The system calculates asset-weighted and equal-weighted composite performance as well as standard deviation and other dispersion measures. Net of fees and after tax composite performance can also easily be calculated by setting up fee and/or tax schedules at the composite or portfolio level. 

Composite structure changes are recorded by the system for accurate performance reporting. Composite structures should be updated monthly and are based on policies such as percentage invested in each asset class (e.g. minimum 60% Equity), market value of the portfolio, significant cash flows, tracking fields and portfolio property characteristics (e.g. Manager=Bob Smith).

Warning levels can be assigned to a composite, such as:

• The percentage of cash that each portfolio is invested in.
• Flows into or out of each asset class.
• Custom tracking fields that are associated with each asset class (e.g. number of equity holdings, duration).

Composite results are calculated by the system and stored in a performance table. The system knows and will prompt users whenever a change has occurred to a composite - such as a portfolio being added or removed or a performance number changing - and the composite needs to be re-calculated over the period in which its performance has been affected.

Calculation of performance measures:

• Asset-weighted returns (Gross and Net of fees for Total)
• Equal-weighted returns (Gross and Net of fees for Total)
• Number of accounts in the composite
• Results for each asset class with Total Return composites
• Internal Asset-weighted Standard Deviation
• Internal Equal-weighted Standard Deviation
• Beginning Market Value of composite for Total asset class composites
• Ending Market Value of composite for all asset class composites

The system calculates performance over any time period and provides cumulative and/or annualized results.