4. Gross-of-fees returns are presented before investment management fees and custodial fees but
after trading expenses. All clients pay an investment management flat fee of 75 basis points on the
month-end account value plus a 10-basis-point performance fee whenever the composite return
exceeds the benchmark return by 100 basis points.
Bạn đang xem 4. - CFA MOCK EXAM LEVEL III MOCK EXAM ITEMSET ANSWERS 2013