Second, due to the relative performance metric, this design provides an incentive to outperform the composite index over the three - year performance cycle. (sec.gov)
In my music classes, my goal is to frame tasks given to students as part of the authentic performance cycle that real musicians follow. (edutopia.org)
This idea is somewhat attractive as there tend to be no transaction costs for this strategy, and fund performance cycles seem to last for several years. (canadiancapitalist.com)