Question
At the beginning of the year, you buy 2,600 shares of Monster Mutual Fund. The NAV at that time is $61.35. The fund has a
At the beginning of the year, you buy 2,600 shares of Monster Mutual Fund. The NAV at that time is $61.35. The fund has a front-end load of 1.6% During the year, the fund distributes dividends of $1.85 per share and capital gains of $2.61 per share. At the end of the year, the NAV is at $62.55 and the offer price if $63.55.
A. If you send at the end of the year, what is your HPR?
B. Recalculate your HPR if this were a no-load fund?
C. Recalculate your HPR assuming you reinvested your distributions during the year at an average price of $64.80. Assume this is a load fund as in A.
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