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Standard Total Expense Ratio (STER)

A single, standardised expense ratio allows comparison and monitoring of fees and expenses across different funds.

The original STER template (2017) was designed to enable institutional investors to monitor fees and expenses and compare them between different alternative investment funds, including soft dollar research costs. In recent years, expectations around transparency and disclosure have increased.

The Working Group will review how to improve transparency of fees, remuneration and related party pass-through expenses, as well as additional sub-categories within operational expenses.

Resources on Standard Total Expense Ratio (STER)

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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.