In more than eight years of investing, the Optimists have seen their fund post a cumulative return of less than 35 percent.

The part that is not convertible at that rate is guaranteed a cumulative annual return of 35 percent.

His portfolio lost 1.5 percent, bringing his cumulative return to 4.8 percent.

Because of the hefty sales charges, less capital is put to work in the early years, which could depress the cumulative return.

For the 11 years ending in December 1999, Medallion's cumulative returns were 2,478.6 percent.

One could compound 2% and 2.15% quarterly over 20 years and see the sizable difference in cumulative return.

The cumulative return on that strategy was 128 percent.

Your profit is $318.25, for a cumulative return of 31.825 percent.

Earlier, Calpers issued only cumulative returns for such investments and the total fees.

The fund had sharp losses late last year and early this year, severely crimping his cumulative return.