Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Archived

Effective: 1 November, 2012 - 31 December, 2019

Categories: Valuation

Source: GIPS Handbook, 3rd Edition

Our firm reports performance in compliance with the GIPS standards for years ending 30 June for our High-Yield composite; all the other composites are reported at 31 December. Must we report annual returns as of 31 December for all of the firm’s composites?

No. The firm is not required to change the year-end valuation and reporting date from 30 June to 31 December for the High-Yield composite. Each composite at the firm may have different year-end valuation dates; however, the year-end valuation dates must correspond to the reporting dates for the composite. Within each compliant presentation, the annual periods must be consistent. For example, a firm that reports a composite’s performance annually as of 30 June must consistently report data for years ending 30 June for the High-Yield composite. The firm may decide in the future to create a compliant presentation for the High-Yield composite based on a 31 December valuation and reporting date; however, the firm may not mix 30 June and 31 December valuation and reporting dates in the same compliant presentation.

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