If a fund has a portfolio turnover rate of 80%, and for every sell transaction the stock is replaced via a buy transaction, a total of 160% of the portfolio value will be transacted each year. For trading costs of 0.75% per transaction, the annual trading costs amount to (1.6)(0.75%) = 1.20% of the portfolio value. If one adds a 0.3% management fee to this amount, the total becomes 1.50%.
mingle definition: To mingle is defined as to mix together, or participate with others at a party or social event. (verb) When a bunch of voices all mix together to become a general hum of conversation, this is an example of a situation where the vo...
Words near mingle in the dictionary. 1  minges. 2  mingier. 3  mingiest. 4  minging. 5  mingle. 6  mingle-mangle. 7  mingle-mangled. 8  mingle-mangles. 9  mingle-mangling. 10  mingleable.