What is 'Time-Weighted Rate of Return (TWRR)'?

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

More terms

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

Bull market

We explain what a 'bull market' means

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

Depository

We look at what is a depository and what role they play in keeping markets work.

Dividends

Find out what dividends are and how they can contribute to the growth of your investment portfolio.

Clean price

The quoted price of a gilt, which excludes accrued interest

Time-Weighted Rate of Return (TWRR)