How the portfolio return is labelled

Choice: Every portfolio return chip, column and sort option says "total return", on web and mobile, in the designs and in the code. The number is (NAV − cost) / cost for open positions since purchase.

Why: the screens said "YTD", but no FY-start snapshot is stored, so the number was never year-to-date. A label must say what the number is.

Rejected: keeping "YTD" until a real YTD exists · computing YTD now (needs the monthly NAV snapshot, V2 under T018).

Decided: the owner, 2026-11-07. When real YTD ships, the label can change back with it.