Fund Disclosure and Performance Bias

Fund Disclosure and Performance Bias terms explain how funds calculate value, report performance, quote yields, handle flows, and trade at premiums or discounts to portfolio value.

Use this branch when the key issue is NAV, per-share value, offer price, historical performance, yield reporting, fund flows, or liquidity pressure.

Key Terms in This Branch

What to Check

Check valuation time, portfolio inputs, stale or illiquid holdings, bid-ask spread, premium or discount, yield formula, distribution policy, flow pressure, and whether performance is before or after fees.

Common Mistakes

• Comparing NAV, market price, offer price, and yield as if they were the same measure.
• Ignoring stale pricing, illiquid holdings, and valuation timing.
• Reading historical performance without checking survivorship or fee treatment.
• Assuming high distribution yield equals high total return.

This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.

In this section

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