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Abaco fund offers two classes of shares for investors. Class A shares charge 12b-1 fee of 0.75% and maintains an expense ratio of 0.75%. Class
Abaco fund offers two classes of shares for investors. Class A shares charge 12b-1 fee of 0.75% and maintains an expense ratio of 0.75%. Class B shares charge a front-end load of 2%, a 12b-1 fee of 0.50% and an expense ratio of 0.35%. Assume the rate of return on both funds portfolios (before any fees) is 7% per year and you intend to invest $10,000. How much will an investment in each class of Abaco's shares grow to after 4 years?
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