Please use the notes provided to calculate the correct return. Please show your work for the calculation.
· EOM = End of Month
· BOM = Beginning of Month
· Subscriptions occur at BOM
· Redemptions occur at EOM
· The compounded return calculation is: (August Ending Balance – (July Ending Balance + August BOM Subscriptions) – August EOM Redemptions)/(July Ending Balance – July EOM Redemptions)
· July 2016 ending balance is $1,002,309.02
· There are not any transactions in July
· August 2016 ending balance is $1,105,836.41
· August 2016 transactions include a subscription of $100,000.0
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