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A closed-end fund (CEF), also known as ... also known as a closed-end mutual fund, [1] [2 ... Leveraged funds can seem to have higher expense ratios—a common way ...
Buyers of mutual funds and ETFs need to know what they’re paying for the funds. A fund with a high expense ratio could cost you 10 times – maybe more – what you might otherwise pay ...
One notable component of the expense ratio of U.S. funds is the "12b-1 fee", which represents expenses used for advertising and promotion of the fund. 12b-1 fees are paid by the fund out of mutual fund assets and are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under FINRA Rules. [7]
A mutual fund is a pooled collection of investment funds. When you buy shares in a mutual fund, your money is combined with other investors' money. A professional fund manager uses the capital to...
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Generally, unlike future performance, expenses are predictable. Funds with high expense ratios tend to continue to have high expense ratios. An investor can examine a fund's "Financial Highlights" which is contained in both the periodic financial reports and the fund's prospectus, and determine a fund's expense ratio over the last five years (if the fund has five years of history).