Consider the following trading and performance data for four different equity mutual funds:
Fund W Fund X Fund Y Fund Z
Assets under Management,
Avg. for Past 12 months (mil)
$289.4 $653.7 $1,298.4 $5,567.3
Past 12 months (mil)
$37.2 $569.3 $1,453.8 $437.1
Expense Ratio 0.33% 0.71% 1.13% 0.21%
Pretax Return, 3-year avg. 9.98% 10.65% 10.12% 9.83%
Tax-adjusted Return, 3-year avg. 9.43% 8.87% 9.34% 9.54%
a. Calculate the portfolio turnover ratio for each fund.
b. Which two funds are most likely to be actively managed and which two are most likely
passive funds? Explain.
c. Calculate the tax cost ratio for each fund.
d. Which funds were the most and least tax efficient in the operations? Why?
In 2007, the top 1 percent of all taxpayers in the US paid what percent of the federal income tax?A) 21.2B) 33.7C) 39.5D) 60.7Jul 12 2021
Laminar annular flow with constant wall heat flux, repeat the development of S10.8 for flow in an annulus of inner and outer radii kR and R, respectively, starting with t...Jun 12 2020
A common annoyance in cars in winter months is the formation of fog on the glass surfaces that blocks the view. A practical way of solving this problem is to blow hot air...Jul 20 2020
The most widely used conceptual model is the ______________. (a) E-R model (b) Chen model (c) Ext...Dec 27 2017
A culture in which feedback about the business is rather slow and there really is not much risk involved is ___________. (A) The process culture (B) A progressive cul...Mar 27 2018
Al Khaleej Inc. needs 325 kgs of a material per month. It costs RO 100 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 25...May 04 2021
Give the name or chemical formula, as appropriate, for each of the following binary molecular substances: (a) SF6b) IF5c) XeO3d) dinitrogen tetroxide, e) hydrogen cyanid...Aug 22 2021
UFO Poll In a Kelton Research poll, 1114 Americans 18 years of age or older were called after their telephone numbers were randomly generated by a computer, and 36% of...May 17 2021
Paul runs a small restaurant in Redbridge. He has an outstanding reputation in restauration and has constantly been ranked as one of the best chefs in the country. He wis...Feb 15 2020
The information below pertains to October production at Zippy Company’s bottling plant, which produces and bottles sports drinks.UnitsMaterialsConversionWork in process, ...Jun 27 2020