Performance Reporting Methods in Asset Management

As an asset manager, Jane is reviewing her firm’s performance reporting processes in light of the Asset Manager Code. She is particularly focused on ensuring that the performance reports are transparent, accurate, and uniformly presented to clients. Jane has come across three different methods for reporting performance. She wants to choose the method that best aligns with the principles outlined in the Asset Manager Code.

The Asset Manager Code emphasizes that performance reporting should be consistent, clear, and not misleading. Which of the following statements regarding performance reporting best reflects these principles?