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    3. 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?
    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?

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    0  Views: 388 Answers: 1 Posted: 13 years ago
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      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
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