Gross and Net of fees

CFA Level III
#1

What items are include in Gross and what is in net?

Can someone clearify.

I think Gross of fee is including the transaction cost but no admin.

And net of fees includes everying.

But what’s everthing?

#2

http://www.cfapubs.org/doi/abs/10.2469/ipmn.v2011.n1.1

Found this…