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The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV)
The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a net asset value (NAV) of $16.60. During the year the fund distributed $1.05, and at the end of the year its NAV was $18.15. What was the fund's return, and what was an investor's return? Round your answers to two decimal places. The fund's return: % Return on the individual's investment: % Why are they different? The answers are different because the fund reports its return based on the and the investrors calculate their return based on the
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