Expressedasapercentageof fundsundermanagement load

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Asset Value is the per share value of the securities in a fund’s portfolio. =(Market value of securities‐ liabilities)/(Number of shares outstanding) Annual Expenses (Mutual Funds) Annual costs deducted from fund assets before earnings are distributed to shareholders. Expressed as a percentage of funds under management. Load A sales charge either at the time of purchase (front‐end load) or at the time of redemption (back‐end load). Mutual Fund Share Classes Class A: typically charge a front‐end load along...
View Full Document

Ask a homework question - tutors are online