I'm comparing the performance of mutual funds using monthly returns data from Bloomberg. I use the Day to Day Total Returns (Gross Dividends) field represented in Excel by DAY_TO_DAY_TOT_RETURN_GROSS_DVDS
My question is if this value is calculated net of fees. I have tried looking into the definition of Total Return on Bloomberg and it makes no mention of the fund fees.
If these values are not corrected for fees, I would appreciate guidance on either of the following:
- Is there an appropriate Excel mnemonic on Bloomberg that allows for extracting fund returns net of fees?
- How to best calculate the monthly returns net of fee from the Day to Day Total Returns value and other information available on Bloomberg?