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
| 14 years ago. Rating: 0 | |
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