BAN4-~o, FOrlMULAS ro ~Now 0 O\/Qtdil pYDA tab\11bJ cf- &i lY\su., anw Litle:
R/\i\0 11'l
N AV of- Fund :
(( 1000 ~ nso) nsoo no ,oiJ CD LOS, ratio := 1o.r.res \ A\.L .;. tot:a.1
tnaYte\:. Of- s\ia~s E~~e11re <aBo " ellpeV151?S or prervuum.r
Y'\0. Of &han?~ ,o oOO , o,..,,dend nwo = dividenru
- --- - - - ---
I
Fl's prt>Ht S)'.)r'Qdd : : com~\V\"Pd fa.t\o" \~ rat:10 + expE?nW <~o
retul'l'! - cos\= '-=J +dl'll\dend Yclt.1O
f Y-ofi~ vaUlt> " profil .rp>t>ad x ;,we,1:.rvieVU: t,w-ec~on!:., hW{)6\:Mem eaml!JQ,S MOW! e~NUI.\MS
.--at\o total amo.1ru ft'QMittms
Net n>tttm on invQ't:ment
rJ ~u rn- cost -I+ tort/,Orofil: -z, NOyt,irYJ l'llith : ® op{)rat\ng nu\o .. co~nin«\ <a.t\o- inv~trnen.t
vaiuie oF· ivtve&tMe\lll J 6lxchal"{;le 'fiitf! , ra.tto
~ = ~-=-=:--:--::::---:--::-----:-- - - - -~ \ ® ovora.U profil:a'oilihj :- \ 001. - opera.t\ng ·atBa
Duration Of a C0/13oncl iinteren -bPann9 bonds ralib
CD calcu\a¼e pv !
calcu.\ate N'PV I \of' carefuJ Ni~ 1 j\lQt pwF-Ha.biUty in cu.rre.ncy valtle:
© !::!LJ!.
-, . 6Pm:1- annuaLtlJ
: (D rUJt) 1o.r.r total pYPlniu.ms - total a,v,.ount
@ 'PV , {l.i&bt.U3'£>d in \O&&t'S'
-:=---- ----:--- - - - -- - -- - - -'
t2.i.sk-act.iUSt:Fd return on capital (RAt<.Oc) \ (D QXperu;es • ;,. \a&s adi~tmera-1 gOTI\ x pto~ums
expQn~QS
OY\e y~ar Y\et Income on loan 1
\oan (a.c,et) ri~k or ca..fitat at rid: d.iv\de\1Ck • '/. div\dQnds fa.id
-re,rum - cost
one y~a,- net \na,me on 1oan = (sp~id t Feos) ® Nt)I:. prtlff t&" tnve,t~ YC?turnS +p~
~eltpen&Pf -dividcinds
)( value 0r toati
IAntu.ta! payrnen.t cca.r'1 flo~) fron, anru.,uty ,
CY'Qdit rlt~ = 'L-N =- - DuJ X LN [ l'lR./CI +_rtU pv ..
N=
- DL.N, Dura.Hon of- 1aar1 11\/ =-
uJ • r¼ lc amoLJ.nt- / oiU' cf loan ! :. Y,f\-\T= /'v,.,,.,
[ DP.. / (I X 'fl )] ~ e)(pfdro rYJcW . ch~ in _
lo~ rate
cl.uQ t0 a cviar~W 1n cm:l1t nsl::: Wovt\Yilg wit+i a dt>p Obltoty ln,trh.t.tton fATIO ,~1-
l°rer(l iu.m l ¢ )
- - -- - - - - - -- - - - -- - ----10E8.mirig as,et:s = in"°'twtcin.t 1.~CU.11 ti~.-1- nst to&t\S
@ rlOA " ne\:. inromo aftm' iY\.l:C!tQSt tax"'
8( -p·ect-a:i probcw°lli ty Of r-e pa.ymeY\k . . tOl:a\ a~
l - y>Yl7ba.\oillt1J deF-aul l:- Lin"ar f10ka«>lllty ,.,.,,de/
® ASSet:: utill'laHCtl - Cint:ieV()(t lncDYIP +non-\n.teWQt: l ~ )
'R,otu.m a.rd rir.t of- fX)rtfOlto
ratio - tol:al auoa
.n• z I formula vw('.(ls to © ,Sp~ad:
tZv,::, Xl "'' J 1<etU1n , irclUdF hO\'J~r
Y"lcll'\Y toa.rio ttie IP iV\.t~t iW\CtWIP _ \Y\teYm: 1?1tl'ff\U!
a\"Q "\" II JlJ.ltfOf
.
oa.m}Y'l9 aatits (.sma11 tin,p dppocits +Ct>s fedprat ruridt)
ep1.=(Xi?(e-i 1 )+ n(XiX&12) }Yi&k 0
11~
,© rl.O& " V\el: \nrome
I tOl:aA~uliy
e-., 1. (Xi) 1.(ei 1 ) +n ( Xi'X'p11'1 e--,) I@ <lCVUtY MUUipll er " to !:al a,&ets
I ti,taJ E'quil:1J
4 e.,," Jt9-,,,. , (D pvl)Mt ma.\"Q\ri" Y\el: inCClll'le } ALL +
)(i ; ptoro(tion Of- ,mete in fX)frfolio , © intel'{'S\: experise ratio= Wi~~2frm- (tcitctJ i~s~
t<,i • return or:- c!UQrt l>yuvisjot\. f'()r 10~ ratio" 1>1·ovi,1on For l\'JCOt't'l@ +oH,er
&i 1 , variance ot r0mms oYl ~S.Prs \Y I OS SC!S rnCOr(!Q)
V1 , t10. Of ,H,m in f)OrtfOI jo @J flOll-illletf~ e~pentt> ra.tio .. ol:her etferl.S~
J ® \:al' va'-10= tax«
e,i , covariance of rPtllrr\ S 1o1,t1-1~ au«·s I
v11 com>ldXton ~twf'l?n retu..m& of a&,Ptt
R/\i\0 11'l
N AV of- Fund :
(( 1000 ~ nso) nsoo no ,oiJ CD LOS, ratio := 1o.r.res \ A\.L .;. tot:a.1
tnaYte\:. Of- s\ia~s E~~e11re <aBo " ellpeV151?S or prervuum.r
Y'\0. Of &han?~ ,o oOO , o,..,,dend nwo = dividenru
- --- - - - ---
I
Fl's prt>Ht S)'.)r'Qdd : : com~\V\"Pd fa.t\o" \~ rat:10 + expE?nW <~o
retul'l'! - cos\= '-=J +dl'll\dend Yclt.1O
f Y-ofi~ vaUlt> " profil .rp>t>ad x ;,we,1:.rvieVU: t,w-ec~on!:., hW{)6\:Mem eaml!JQ,S MOW! e~NUI.\MS
.--at\o total amo.1ru ft'QMittms
Net n>tttm on invQ't:ment
rJ ~u rn- cost -I+ tort/,Orofil: -z, NOyt,irYJ l'llith : ® op{)rat\ng nu\o .. co~nin«\ <a.t\o- inv~trnen.t
vaiuie oF· ivtve&tMe\lll J 6lxchal"{;le 'fiitf! , ra.tto
~ = ~-=-=:--:--::::---:--::-----:-- - - - -~ \ ® ovora.U profil:a'oilihj :- \ 001. - opera.t\ng ·atBa
Duration Of a C0/13oncl iinteren -bPann9 bonds ralib
CD calcu\a¼e pv !
calcu.\ate N'PV I \of' carefuJ Ni~ 1 j\lQt pwF-Ha.biUty in cu.rre.ncy valtle:
© !::!LJ!.
-, . 6Pm:1- annuaLtlJ
: (D rUJt) 1o.r.r total pYPlniu.ms - total a,v,.ount
@ 'PV , {l.i&bt.U3'£>d in \O&&t'S'
-:=---- ----:--- - - - -- - -- - - -'
t2.i.sk-act.iUSt:Fd return on capital (RAt<.Oc) \ (D QXperu;es • ;,. \a&s adi~tmera-1 gOTI\ x pto~ums
expQn~QS
OY\e y~ar Y\et Income on loan 1
\oan (a.c,et) ri~k or ca..fitat at rid: d.iv\de\1Ck • '/. div\dQnds fa.id
-re,rum - cost
one y~a,- net \na,me on 1oan = (sp~id t Feos) ® Nt)I:. prtlff t&" tnve,t~ YC?turnS +p~
~eltpen&Pf -dividcinds
)( value 0r toati
IAntu.ta! payrnen.t cca.r'1 flo~) fron, anru.,uty ,
CY'Qdit rlt~ = 'L-N =- - DuJ X LN [ l'lR./CI +_rtU pv ..
N=
- DL.N, Dura.Hon of- 1aar1 11\/ =-
uJ • r¼ lc amoLJ.nt- / oiU' cf loan ! :. Y,f\-\T= /'v,.,,.,
[ DP.. / (I X 'fl )] ~ e)(pfdro rYJcW . ch~ in _
lo~ rate
cl.uQ t0 a cviar~W 1n cm:l1t nsl::: Wovt\Yilg wit+i a dt>p Obltoty ln,trh.t.tton fATIO ,~1-
l°rer(l iu.m l ¢ )
- - -- - - - - - -- - - - -- - ----10E8.mirig as,et:s = in"°'twtcin.t 1.~CU.11 ti~.-1- nst to&t\S
@ rlOA " ne\:. inromo aftm' iY\.l:C!tQSt tax"'
8( -p·ect-a:i probcw°lli ty Of r-e pa.ymeY\k . . tOl:a\ a~
l - y>Yl7ba.\oillt1J deF-aul l:- Lin"ar f10ka«>lllty ,.,.,,de/
® ASSet:: utill'laHCtl - Cint:ieV()(t lncDYIP +non-\n.teWQt: l ~ )
'R,otu.m a.rd rir.t of- fX)rtfOlto
ratio - tol:al auoa
.n• z I formula vw('.(ls to © ,Sp~ad:
tZv,::, Xl "'' J 1<etU1n , irclUdF hO\'J~r
Y"lcll'\Y toa.rio ttie IP iV\.t~t iW\CtWIP _ \Y\teYm: 1?1tl'ff\U!
a\"Q "\" II JlJ.ltfOf
.
oa.m}Y'l9 aatits (.sma11 tin,p dppocits +Ct>s fedprat ruridt)
ep1.=(Xi?(e-i 1 )+ n(XiX&12) }Yi&k 0
11~
,© rl.O& " V\el: \nrome
I tOl:aA~uliy
e-., 1. (Xi) 1.(ei 1 ) +n ( Xi'X'p11'1 e--,) I@ <lCVUtY MUUipll er " to !:al a,&ets
I ti,taJ E'quil:1J
4 e.,," Jt9-,,,. , (D pvl)Mt ma.\"Q\ri" Y\el: inCClll'le } ALL +
)(i ; ptoro(tion Of- ,mete in fX)frfolio , © intel'{'S\: experise ratio= Wi~~2frm- (tcitctJ i~s~
t<,i • return or:- c!UQrt l>yuvisjot\. f'()r 10~ ratio" 1>1·ovi,1on For l\'JCOt't'l@ +oH,er
&i 1 , variance ot r0mms oYl ~S.Prs \Y I OS SC!S rnCOr(!Q)
V1 , t10. Of ,H,m in f)OrtfOI jo @J flOll-illletf~ e~pentt> ra.tio .. ol:her etferl.S~
J ® \:al' va'-10= tax«
e,i , covariance of rPtllrr\ S 1o1,t1-1~ au«·s I
v11 com>ldXton ~twf'l?n retu..m& of a&,Ptt
