Total return, stated in an annual basis. Annual figures are listed for the past 10 calendar years.
Benefits
Morningstar calculates total return using accumulated unit values (AUVs), rather than net asset values (NAVs), because the AUV reflects the actual returns passed on to the investor.
Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a clearer picture of subaccount performance than a simple average. A subaccount with a 100% total return for a five-year period, for example, has a 14.9% return when annualized, whereas the simple average return would be 20%. (100% divided by 5 years = 20%)
Origin
Total return is an in-house calculation, based on either NASDAQ or non-NASDAQ electronic transmissions.