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...
minÂ·gle. v. minÂ·gled, minÂ·gling, minÂ·gles. v. tr. To mix or bring together in combination: a breeze that mingles the sea air with the scent of pines; love that is mingled with grief. See Synonyms at mix. v. intr. 1. To be or become mixed or united: The children's voices mingled in the hall. 2.