Maryellen

Acquired Fund Fees and Expenses (AFFE) Definition.

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Acquired fund fees and expenses (AFFE) are the additional costs associated with investing in a mutual fund that are not included in the fund’s stated expense ratio. AFFE include expenses such as broker commissions and dealer mark-ups, and are unique to mutual funds. AFFE are important to consider when evaluating the true cost of investing … Read more

Global Investment Performance Standards (GIPS).

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The Global Investment Performance Standards (GIPS) are a set of ethical principles that guide how investment firms calculate and present their investment results to clients and prospects. The standards are voluntary, but many investment firms choose to adhere to them in order to demonstrate their commitment to transparency and fair dealing. The standards are administered … Read more