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Gilligan said:Am I missing something here? The MSCI says the EAFE is up 0.273 in USD on the 15th. So 18.89 plus 0.273 (.0515659) = $18.94 before fair value adjustment right? So did we get a 10 cent adjustment?
Wheels said:Exactly. We got a fair value adjustment yesterday. The I fund now "owes" roughly 10 cents. This only really matters to you if you got into or out of the I fund on the adjustment day or on the correction day.
Dave
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Gilligan said:Spaf,
I'm still missing something. I am use to the TSP adjusting the I-fund 1 or 2 cents a day, but 10 cents in one day! How often do they adjust the return 10 cents or more a day? Also, when do they figure the Dollar vs. local currency exchange? Is is at the close of each international market or is it about 1500 ET when MSCI post the returns?
Soldat said:Second, there is no set limit to what TSPolice can or cannot adjust. It all depends on how large of a gain/loss the dollar makes after MSCI EAFE closes. On that particular day, the dollar fell ~.5% to the Y&E after EAFE close.
Which one?Wheels said:I've seen adjustments over 20 cents. And be careful, it's the TSP board that is making these adjustments, it's Barclays.
Dave
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