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...
1. to perplex or amaze; bewilder; confuse. 2. to throw into confusion or disorder. 3. to throw into increased confusion or disorder. 4. to treat or regard erroneously as identical; mix or associate by mistake: truth confounded with error. 5. to mingle so that the elements cannot be distinguished or separated.