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...
A Labradoodle, a crossbreed between a poodle and a retriever. A crossbreed or crossbred usually refers to an organism with purebred parents of two different breeds, varieties, or populations.hile crossbreeding is used to maintain health and viability of organisms, irresponsible crossbreeding can also produce organisms of inferior quality or dilute a purebred gene pool to the point of extinction of a given breed of organism.