What the heck is the Modified Dietz Method?

This topic has 2 replies, 2 voices, and was last updated Jan-21 by cfachris.

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- proudlefty
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  06 Jan 2021 at 12:46 pm
  
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  Hey L3 candidates, I’ve been doing practice problems and practice tests and saw a question about the Modified Dietz Method which is completely foreign to me. I read the CFAI 2020 materials cover to cover and I generally know if I’ve seen a term and just can’t remember it or if I’ve straight up never seen it before. I figured this was part of the old curriculum since I was doing practice tests from previous years, then I just saw a question about it on the CFA ecosystem q-bank and it freaked me out. I searched through all of my materials and can’t find where this is covered. Can anybody give me a tip as to what book/reading/section I can find it? Thanks.
- proudlefty
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  07 Jan 2021 at 7:04 am
  
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  Apologies, a coworker pointed out that this can be found in Reading 6: Overview of the Global Investment Performance Standards. Mods feel free to delete.
- cfachris
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  07 Jan 2021 at 7:06 am
  
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  Hey fellow lefty – it is in the L3 curriculum, volume 1.
  
  Hidden under GIPS (Reading 6), section 3.3 under “3.3. Calculation Methodology: Time-Weighted Total Return”.
  
  Don’t panic, there is still time!
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