In the case where the life of the Deposit Note from the issue date is less than one year, the Return Since Inception is a simple, non-annualized percentage return factoring into account the price change and distributions, if any, that have been paid to Holders since the inception of the Note.
In the case where the life of the Deposit Note from the issue date is greater than one year, the Return Since Inception is an annualized percentage return factoring into account the price change and distributions, if any, that have been paid to Holders since inception of the Deposit Note.