1. You are here:
  2. Homepage
  3. Toolbox Resources
  4. Standard Total Expense Ratio (STER)

Standard Total Expense Ratio (STER)

Calculation of fees and expenses using the Standardised Total Expense Ratio (STER) template facilitates clearer comparison and monitoring across alternative investment vehicles.

Introduced in 2017, the STER template was designed to enable institutional investors to track and compare fees — including soft dollar research costs — across alternative funds. Efforts continue to refine disclosure standards, addressing remuneration, pass-through costs, and detailed operational expense sub-categories including related parties.

Resources on Standard Total Expense Ratio (STER)

STER.jpg
03 Oct 2017

Standardised Total Expense Ratio

When there is divergence in market practices for disclosure, it is difficult for allocators to contrast different expense categories across different funds. Our Standardised Total Expense Ration provides a framework to calculate a single standardised expense ratio for reporting to investors.