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.

The GIPS Standards Helpdesk is available for individual questions and typically responds to inquiries within 3 business days.

Search by category, status, date range, and/or keyword.

Category

Advertising Aggregate Method Alternative Investments Asset Owner Assimilating Assets Benchmarks Calculation Methodology Carve-Outs Cash Cash Flow Changes to the Standards: 2006 GIPS Client Reporting Client Updates Composite Calculations Composite Changes Composite Construction Consultant Questionnaires Corrections to the 2006 GIPS standards Creation Date Currency Definition of the Firm Disclosures Discretion Dispersion Early Adoption Effective Dates Error Correction Fees FINRA Firm Assets Firm Notification Requirement Fixed Income Fundamentals of Compliance General/Miscellaneous GIPS Reports Inception Date Incubator Funds Information Outside of GIPS Reports Leverage/Derivatives List of Composite Descriptions Lists of Composites and Pooled Funds Minimum Asset Level Model Results New Portfolios/Accounts Non-fee-paying Portfolios Overlay Strategies Partial Period Returns Performance Examinations Performance History/Track Record Pooled Funds Portability Private Equity Providing GIPS Reports Real Estate Recordkeeping Risk Securities Lending Sub-Advised Assets Sub-Advisors Supplemental/Additional Information Terminated Portfolios Total Asset Owner Assets Total Fund Definition Trade-Date Accounting Valuation Verification Wrap Fee Portfolios

Status

Organization Type

Effective

Keyword

1 Result

Archived

Effective: 1 March, 2006 - 31 October, 2012

Categories: Valuation

Source: GIPS Handbook, 2nd Edition

Our firm reports performance in compliance with the Standards for years ending June 30 for our High-Yield composite; all the other composites are reported at December 31. Will we be required to change to December 31 reporting for all of the firm’s composites?

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

Please also see updated Q&A