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...
See more words with the same meaning: to contact, call, mail. See more words with the same meaning: to flirt, fraternize, mingle. Last edited on Jun 09 2010. Submitted by Jerrelyn from University of South Alabama, USA on Apr 24 1999. to contact someone, e.g. via a telephone call, e-mail, cell phone text message, etc.