This section shows profit and loss by underlying and asset class.
An alternative to the Mark-to-Market (MTM) profit and loss calculation is the calculation in which closing transactions are matched to opening transactions and a profit or loss is realized when a position is closed. Open positions are marked-to-market and the resulting profit or loss is unrealized.
To determine the realized profit or loss, we make an assumption about which opening transaction should match the closing transaction. There are a number of methods for determining this: First In, First Out (FIFO, in which the oldest positions are recorded as having been closed first), Last In, First Out (LIFO, in which the newest positions are recorded as having been closed first), Average Cost, and Specific Lot.
Note: This section appears in the Default Statement and Legacy Full Default Statement.
Commissions
Commissions are not netted for MTM calculations and are included as a separate line in the Mark-to-Market Performance Summary in Base section. For FIFO, LIFO or Maximize Losses, commissions are netted from the cost basis and sales proceeds to determine the realized and unrealized P+L.
Wash Sales
For wash sales, the disallowed loss is included in the respective Realized S/T Loss or L/T Loss columns.
Field Descriptions
The data is grouped by asset classes.
Column | Description |
---|---|
Symbol | The symbol of the position. |
Cost Adjustment | Adjusted cost basis of position from dividend return of capital. |
Realized | |
S/T Profit | The total amount of short-term realized profit for the position. |
S/T Loss | The total amount of short-term realized loss for the position. |
L/T Profit | The total amount of long-term realized profit for the position. |
L/T Loss | The total amount of long-term realized loss for the position. |
Total | A summation of short-term realized profit and loss and long-term realized profit and loss. |
Unrealized | |
S/T Profit | The total amount of short-term unrealized profit for the position. |
S/T Loss | The total amount of short-term unrealized loss for the position. |
L/T Profit | The total amount of long-term unrealized profit for the position. |
L/T Loss | The total amount of long-term unrealized loss for the position. |
Total | A summation of short-term unrealized profit and loss and long-term unrealized profit and loss. |
Code | Transaction code. |
Total | A summation of the total realized and unrealized profit and loss. |
Totals
Total amounts are displayed for each asset class and for all asset classes:
Total by asset class:
All columns are totaled for each asset class.
Total (All Asset Classes):
All columns are totaled at the bottom of the table for all asset classes.