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Vanguard Federal Money Market Fund (VMFXX) ... Expense ratio: 0.11 percent. Fund assets: $333.4 billion. Minimum initial investment: ... Other fees: Be sure to pay attention to any additional fees ...
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]
This was done because the expected cost to the business from allowing the fund value to drop—in lost customers and reputation—was greater than the amount needed to bail it out. [9] The first money market mutual fund to break the buck was First Multifund for Daily Income (FMDI) in 1978, liquidating and restating NAV at 94 cents per share.
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 generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under Financial Industry Regulatory Authority Rules.
Final Take To GO. Budgeting can be easier when you breakdown your expenses into three categories — needs, wants and savings. 50% goes to necessities, 30% to wants and 20% to the savings category ...
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, ...
In business planning and management accounting, usage of the terms fixed costs, variable costs and others will often differ from usage in economics, and may depend on the context. Some cost accounting practices such as activity-based costing will allocate fixed costs to business activities for profitability measures. This can simplify decision ...
After years of the 9-to-5 grind and putting personal goals on hold, retirees deserve to enjoy their golden years filled with the activities they missed out on during their working years. From ...