The TRI is the Internal Rate of Return (IRR) which measures the profitability of an investment over a given period. It takes into account the dividends distributed, changes in the unit/share value during the period, as well as the subscription and management fees borne by the investor. It also reflects the fact that the value of money changes over time: indeed, €1 today is worth more than €1 in one year, because that euro can be reinvested immediately and generate returns. The IRR shown for CORUM Origin, CORUM XL and CORUM Eurion is the IRR since inception. For CORUM USA, it is IRR objective over 10 years.