Series 99: 2.1.2.2 Performance Report

2.1.2.2  Performance Report

The customer statement also may compare performance of the customer’s account over one or more time periods with performance in other types of accounts or with broad indexes such as the Dow Jones Industrial Average.

Performance reports provide information on how a firm, a fund, or an individual portfolio compares to one or more benchmarks. A benchmark is a standard or point of reference against which investments may be compared. Broad market indexes, such as the S&P 500 or the Dow Jones Industrial Average, are often used to compare equity portfolios. Bond indexes are the common benchmark for bond portfolios. Performance reports are prepared for individual customers quarterly or annually. They also are prep