#15 Full Gross-of-Fees Return

'FULL GROSS-OF-FEES RETURNS: The return on investments that reflects the deduction of only Transaction Costs. ' Click to Tweet

Full Definition

This term is defined in the GIPS 2020 Exposure Draft as For an ASSET OWNER, the return on investments that reflects the deduction of only TRANSACTION COSTS.

Key Points about This Term

  1. This term is new in the Global Investment Performance Standards (GIPS) vocabulary.
  2. It comes along with the incorporation of specific Standards for Asset Owners in GIPS2020 as one of the variations of returns Asset Owners are required to present.
  3. Fun Fact – It appears three (3) times in the Exposure Draft, including its appearance in the definitions section.
  4. Possible Evolution under new Standards – Likely here to stay as part of the Asset Owner section of the Standards.