Question: what is the difference between standardized and non standardized performance?
Answer: Standardized returns are provided as of month- and quarter-end, whereas NASD non-standardized returns are provided as of month-end only. Also, standardized returns can only be shown for the 1-yr, 5-yr, 10-yr, and Since-Inception periods, whereas NASD non-standardized returns can be shown for additional time periods.