Listed below is the 10-year, per-share performance record of Larry, Moe, & Curleys Growth Fund, as obtained
Question:
Listed below is the 10-year, per-share performance record of Larry, Moe, & Curley€™s
Growth Fund, as obtained from the fund€™s May 30, 2014, prospectus:
Use this information to find LM&C€™s holding period return in 2014 and 2011. Also find the fund€™s rate of return over the 5-year period 2010€“2014, and the 10-year period 2005€“2014.
Finally, rework the 4 return figures, assuming the LM&C fund has a front-end load charge of 5% (of NAV). Comment on the impact of load charges on the return behavior of mutual funds.
Transcribed Image Text:
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 1. Net asset value, $58.60 $52.92 $44.10 $59.85 $55.34 $37.69 $35.21 $34.25 $19.68 $29.82 beginning of period 2. Income from investment operations 3. Net investment income 1.39 1.35 1.09 0.63 0.42 0.49 $0.79 0.37 0.33 $ 0.38 4. Net gains on securities 8.10 9.39 8.63 (6.64) 11.39 19.59 5.752.73 15.80 (0.02) 5 Total from investment 9.49 0749.72 (6.01) 11.81 0.086.54 310 16.13 0.36 6. Less distributions: 7. Dividends from net 0.83) $ 1.24) 0.90) 0.72) 0.46) 0.65) 0.37) ($ 0.26) 0.33) ( 0.58) 8. Distributions from (2.42) (3.82) (9.02) (6.84) 1.78) (3.69) 1.88) 1.23) 9.92) -- realized gains 9. Total distributions (3.25) 5.06) (0.90) (9.74) 730 (2.43 4.062.14) (1.56) (10.50) 10. Net asset value, end of $64.84$58.60 $52.92 $44.10 $59.85 $55.34 $37.69 $35.21 $34.25 $19.68 period
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Holding period returns for 2011 and 2008 2013 2011 Ending NAV 6484 4410 Beginning NAV 5860 5985 Net increaseDecrease 624 1575 Return for the year Divi...View the full answer
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Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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