Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the mutual fund quotes in the table below, and assume that you can buy these funds at their quoted NAVs. How much would you
Use the mutual fund quotes in the table below, and assume that you can buy these funds at their quoted NAVs.
How much would you have to pay to buy each of the following funds? According to the quotes, which of these four funds have load fees and what are they? If there are no load fees, enter zero. Do not leave any cells blank.
Family/Fund | Price to Purchase Fund | Load Fees | |
a. | American Century Emerging Markets Fund (AEMMX) | $ | % |
b. | American Century Growth Fund (TCRAX) | $ | % |
c. | American Century International Bond Fund (AIBDX) | $ | % |
d. | Artisan Mid-Cap Value Fund (ARTQX) | $ | % |
Which one of the funds has the highest year-to-date return?
ARTQX
TCRAX
AEMMX
AIBDX
Which one of the funds has the lowest year-to-date return?
ARTQX
TCRAX
AEMMX
AIBDX
EXHIBIT 13.4 Mutual Fund Quotes Open-end mutual fund price quotes, fees, and return performance may be obtained online. The information here is from The Wall Street Journal. Total Returns (%) Net Asset Value ($) Front- End Load (%) Expense Year-to- Ratio October (%) 2019 Symbol Category 1-Year 5-Year 10-Year 10.88 4.50 0.83 8.32 9.82 3.53 ACCOX Core Plus Bond AEMMX Emerging Markets 10.98 2.85 5.19 5.75 1.43 15.21 12.61 4.49 5.75 1.22 29.90 20.50 12.72 13.25 TCRAX AIBDX Large-Cap Growth 35.72 International 12.87 Income 4.50 1.06 4.05 6.30 0.21 Family/Fund American Century A Core Plus Fund Emerging Markets Fund Growth Fund International Bond Fund Artisan Funds Sustainable Emerg- ing Markets Fund Mid-Cap Fund Mid-Cap Value Fund Value Fund -0.16 ARTZX Emerging Markets 15.86 None 1.41 13.03 9.23 5.56 2.62 1.18 33.81 23.38 13.75 ARTMX Multi-Cap Growth ARTOX Mid-Cap Core ARTLX Multi-Cap Value 35.55 20.28 None None None 9.36 5.11 1.19 6.25 20.01 26.58 9.61 10.22 13.60 1.01 11.60 7.64 Source: Adapted from The Wall Street Journal, https://www.wsj.com/market-data/mutualfunds-etfs/screener, accessed November 19, 2019Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started