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...
mix, mingle, commingle, blend, merge, coalesce, amalgamate, fuse mean to combine into a more or less uniform whole. mix may or may not imply loss of each element's identity. mingle usually suggests that the elements are still somewhat distinguishable or separately active.efinition of FUSE. transitive verb. 1. : to reduce to a liquid or plastic state by heat.