What is PRR (Personal Rate of Return)?

How is my PRR calculated?

PRR calculates your investment returns as a percentage. It takes the opening and closing balances of your account and factors in cash flows such as contributions and withdrawals.

The PRR is net of fees and gross of tax. The returns may be higher or lower than the returns stated in the AMP Quarterly Fund Updates, which are gross of fees or tax and do not take into account the timing of when the customer made a deposit or a withdrawal (i.e. they are not personalised).

What is the money-weighted return methodology?

To calculate the PRR we used money-weighted return methodology. The money-weighted return measures the impact of money flows in or out of the member account, as well as the performance of the investments in the member account. 

The money-weighted return is calculated from the beginning and ending value of the portfolio and from the amount and timing of the external cash flows.

Why is my PRR different to the unit price return shown on the AMP website?

The exact PRR date range will be shown in MyAMP. When comparing the PRR to the returns published on the website, you should look for the corresponding returns for those dates.

PRR is based on the performance, timing and value of your investment (cash flows) invested. It is also calculated based on transactions within your account excluding fees and premiums.

The PRR is before tax charges but after fees.

If a member has multiple funds the PRR is taking into account the relevant proportion of each fund performance.

Who receives PRR?

Once you've been invested with AMP for at least 30 days, your PRR is available. If you've been invested for less than 12 months, your PRR is calculated from the date your AMP investment was opened to the close of markets date. This date range is available in MyAMP by clicking the information icon. If you've been invested for 12 months or more, your PRR is calculated over the past 12 months.