Definition
Total return combines price change with income and distributions over a period, adjusted for outflows, costs, and reinvestment assumptions as specified.
In market context
For a stock or fund, total return may include dividends as well as capital appreciation; for an account, the methodology must distinguish investment performance from deposits and withdrawals. Gross and net results differ when fees, taxes, or financing are included. Meaningful cross-account performance comparisons require consistent periods, currencies, cash-flow treatment, fee and tax scope, valuation methods, external-flow timing, and reinvestment assumptions over time.
Source
Use the primary source for fuller regulatory or market context.
