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...
Minga (if really so spelled) is a derivation from Minchia (vulgar Italian term for penis), a word used in many ways, not only as an exclamation. A quite common sentence could be Non capisce una minchia!, which in English one could freely translate as He does not understand a fuck.rop all final vowels seems to be the rule, along with some nonsense words, like minga which seems to be an expression of surprise or astonishment, but is not found in the dictionary--Italian or English.