Christine B
the fee table of a small cap fund indicates that the fund has a 12 b-1 fee of 0.35 percent and an expense ratio of 1.65 percent that is collected once a year on December 1. If I had shares valued at $31,000 on December 1, what is the amount of the 12 b-1 fee for this year?
1 Answer
MONDEOMAN
HI IF YOUR 12b-1 FEE IS 0.35% PER YEAR WHAT THIS MEANS IS YOU WOULD BE PAYING
35 cents FOR EVERY 100 dollars INVESTED SO $ 31000 / 100 = 310 X 35 cents = 10850 cents
=108.5 dollars
expense ratio if flate rate at 1.65% per year should be $31000 x 1.65/100 = $ 511.5
HOPE THIS HELPS
MONDEOMAN
| 13 years ago. Rating: 0 | |
Top contributors in Uncategorized category
Unanswered Questions
hello88acclub
Answers: 0
Views: 4
Rating: 0
Socolive diem den ly tuong
Answers: 0
Views: 10
Rating: 0
mm88la
Answers: 0
Views: 11
Rating: 0
gg88my
Answers: 0
Views: 13
Rating: 0
B52 – Game Bài Đổi Thưởng
Answers: 0
Views: 11
Rating: 0
thanbai88click
Answers: 0
Views: 8
Rating: 0
bk8link3com1
Answers: 0
Views: 11
Rating: 0
MB88 – Nhà cái uy tín hàng đầu
> More questions...
Answers: 0
Views: 8
Rating: 0