RELEASED - May 2020

EASY ROR PRO™ 17.0

New in this release:

1. Modifed IRR (MIRR) is added as a performance calculation method. MIRR is used primarily in capital budgeting to identify the profitability of a potential investment (such as a real estate project) but can also be used for specialized portfolio analysis. For most products, the advertised return includes the assumption that any cash dividends are reinvested in the portfolio or product. What if you don't want to reinvest dividends, but need them as income when paid? And if dividends are not assumed to be reinvested, are they paid out or are they left in cash? What is the assumed return on the cash? These assumptions are particularly important for evaluating instruments like whole life insurance policies and annuities, where the cash flows can become complex. MIRR allows you to set a different reinvestment rate for cash flows received, and a cost-of-borrowing rate for funds invested. The report also calculates Net Present Value (NPV).
   
   
2. Least Squares ROR can now be reported and added to graphs for portfolios, composites, and benchmarks. Least Squares ROR is the annualized rate of return obtained from a least squares regression of RORs calculated between all balances over the report period. A least squares regression finds a rate of return that best fits all the data points (RORs) within the span, rather than simply calculating from the beginning date to the end date. It varies less between different periods than a rate of return simply calculated between two endpoints, and thus may be a more reliable indication of expected performance over time.
   
   
3. Benchmark Distributions and Dividends can now be viewed, edited, or manually added. Distributions and dividends are automatically downloaded for all public symbols when available, but now can be manually added as well. If you use manual Benchmarks, or if an end-of-period distribution is not yet incorporated in a downloaded Benchmark (e.g., end of year), you can manually add it to make sure your reported results are accurate.
   
   
4. Importing Benchmarks from Fundwatch™ files. A new menu selection quickly imports all securities from any Fundwatch data file and adds them to your available benchmarks.
   
   
5. You can optionally exclude the "Composite Selected" message from printed composite reports.
   
   
6. Benchmark rate of return reports for multiple periods and multiple benchmarks can be grouped by benchmark or by period.
   
   
7. Detailed (as well as Summary) reports can now be produced in Wide (132-character) format.
   
   
8. NOTE:  Yahoo! has made changes that are not compatible with Easy ROR Pro versions 14 or older.  If you have one of these older versions, it is necessary that you upgrade in order to continue to use Benchmarking features that require downloaded data.