Data unaudited. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Oklahoma CLASS is not a bank. An investment in Oklahoma CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.
Explanation of Yields
Daily Yield (%): Daily dividend factor multiplied by the number of days in the year (366 days for leap years) multiplied by 100 divided by the NAV.
7-Day Yield (%): Is the sum of the daily dividend factors for the past seven calendar days, multiplied by the number of days in the year (366 days for leap years), multiplied by 100, divided by seven, divided by the NAV.
30-Day Yield (%): Is the sum of the daily dividend factors for the past 30 days, multiplied by the number of days in the year (366 days for leap years), multiplied by 100, divided by 30, divided by the NAV.
YTD “Year-to-Date” Yield (%): Is the sum of the daily dividend factors since the beginning of the calendar year, multiplied by the number of days in the year (366 days for leap years), multiplied by 100, divided by number of days that have transpired year-to-date, divided by the NAV.
Weighted Average Maturity “WAM” (To Reset): Is the sum of all the underlying positions held in the portfolio’s weighted average maturity to reset figures. Weighted average maturity to reset for each underlying position held is calculated by taking the position’s market value, multiplied by the number of days to next rate reset, divided by the total portfolio’s ending market value. For positions that have a fixed coupon rate or are zero coupon bearing instruments, the days to final maturity are utilized in the calculation.
Weighted Average Maturity “WAM” (To Final): Is the sum of all the underlying positions held in the portfolio’s weighted average maturity to final figures. Weighted average maturity to final for each underlying position held is calculated by taking the position’s market value multiplied by the number of days to final maturity, divided by the total portfolio’s ending market value.
Daily Dividend: Is the net income divided by the number of shares in the portfolio as of the close of business.
Net Income: Net income is the summation of interest, accretion of discount, amortization of premium for the underlying positions in the portfolio, and expenses earned for the day.
Net Asset Value (NAV): Net asset value is the net assets divided by the total shares outstanding for the day.
Net Assets: Net assets is the sum of all assets and liabilities of the portfolio or the sum of all income, expenses, and capital of the portfolio.
Investment Calculator: Investment earnings includes interest earned for the “Start Date” through the “End Date.” Example: Start Date = August 8th and End Date = August 9th. Interest earned would be for the two days of August 8th and August 9th.
The risk that a bond issuer (or counterparty) will default by failing to repay principal and interest in a timely manner.
All information is assumed to be correct but the accuracy has not been confirmed and therefore is not guaranteed to be correct.
All data presented on this website is unaudited except the Annual Reports shown in the Document Center. Information is obtained from third party sources that may or may not be verified. The information presented should not be used in making any investment decisions. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. All calculations and results presented are for discussion purposes only and should not be used for making calculations and/or decisions.
Data is not to be repurposed as the use of this data may be paid for by Public Trust Advisors, LLC (Public Trust) or a third-party. Should you need to use this data, please contact Public Trust for authorization of use.
Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, privacy policy, or code of ethics, please contact us.
