Let's look at a cinematic metaphor to clear up this apparent ambiguity. Now I'm wondering if he is also playing games with the front and back-end loads. When a product's composite performance is equal-weighted, it reflects the average performance of all portfolios in that product.
It is a matter of record that low-cost funds outperform high-cost funds. Brokers and consultants can often perform due diligence for investors.
Obviously, neither the movie ticket price nor the expense ratio captures the respective total cost of a trip to the movies or a mutual fund investment. Good luck, Keith.
Amy Bulger Manager, Alternative Investments. Generally speaking, disclosure is any information that a client or prospective client should know. These adjustments are almost always minor.
Equity Fund-I Series U. Window dressing: After much soul-searching I decided that I had nothing to gain and everything to lose by getting into a debate with my father and brother about this.What is PERFORMANCE FEE? What does PERFORMANCE FEE mean? PERFORMANCE FEE meaning & explanation
If a manager is reporting performance NET of fees, the reported results include the deduction of management fees. Various variations between these two extremes exist.
If they refuse its a cause for concern.
This brings me to my question: C shares imbedded 12b-1 fees of 0. In view of the above, a mutual fund's expense ratio is much like the price of a movie ticket in our example, while the transactional costs and sales charges are the equivalent to what a moviegoer spends at the refreshment counter.
A publicly traded company with a medium-range market capitalization.
He compared his performance against the raw Wilshire 5000 index devoid of the dividends during 2008 and 2009 despite the fact that his example portfolio contained a significant proportion of bonds.