Shares own 3,000 5,000 9,000 6,000
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- 6. On December 31 a mutual fund has the following assets and prices at 4:00 p.m. Stock Shares owned Price 1 1,000 $ 1.97 2 5,000 $ 48.26 3 1,000 $ 26.44 4 10,000 $ 67.49 5 3,000 $ 2.59 Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.1. A mutual fund company has the following assets and liabilities (31/12/2019): Equities at market value 160,000,000 Bonds at market value 60,000,000 Cash 40,000,000 Total value assets 260,000,000 Liabilities 30,000,000 Market value of funds 23,000,0000 Number of share outstanding 6,000,0000 a. Determine the NAV of this fundb. By the end of June 2020, the value of the equity stock fell 30% and the value of the bonds rose 10%. At the same time the value of the fund´sliabilities rose by 10%. The cash position and the number of shares outstanding remained unchanged. Calculate the new NAV?8. On January 2 the prices at 4:00 p.m. are as follows: Stock Shares Owned Price 1 1,000 $ 2.03 2 5,000 $ 51.37 3 2,800 $ 29.08 4 10,000 $ 67.19 5 3,000 $ 4.42 Cash n.a. $ 2,408 Calculate the net asset value (NAV) for the fund.
- Consider an index fund that contains the following four stocks: American Campus Communities, Inc. (ACC), Global Net Lease, Inc. (GNL), Jones Lang LaSalle Incorporated (JLL), and Merck & Co., Inc. (MRK). On March 30, 2022, the stock prices at close were: ACC $56.73 GNL $15.65 JLL $243.22 MRK $82.40 The mutual fund held the following numbers of shares in these companies: Shares (million) ACC 2.087 GNL 1.558 JLL 0.748 MRK 37.950 On March 30, the mutual fund had 25 million shares outstanding. Calculate the net asset value per mutual fund share (in dollars). During the day on March 30, the fund had a net cash inflow of $250 million. How many shares of MRK did the index fund manager have to purchase in order to maintain a portfolio with the same portfolio weights as at the start of the day? You should assume that the fund manager invests all net inflows in securities at market close prices on March 30. She holds no cash balance.Consider the following trading and performance data for four different equity mutual funds: Fund W Fund X Fund Y Fund Z Assets Under Management, $ 289.40 $ 653.70 $ 1,298.40 $ 5,567.30 Avg. for Past 12 Months (mil) Security Sales, Past 12 Months (mil) $ 37.20 $ 569.30 $ 1,453.80 $ 437.10 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?The Husky Fund’s portfolio consists of the following stocks at the beginning of the year: 500 Shares Stock IBM Price $ 180.00 4,000 Shares MSFT $ 30.00 There are 5000 shares outstanding. The fund charges 6% front-end load. The first year, the fund’s assets’ value increases by 10% and the fund pays out $10,000 as distributions to its investors. The fund charges management fees of .5% and 12b-1 fees of .5%. a) What is the fund’s NAV at the beginning and at the end of the first year? b) What is the reported return of the mutual fund in the first year? c) Suppose the mutual fund’s return stays the same each year. What is the return to an investor investing in the fund for 10 years?
- Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share. Assume that the fund carries no debt. What is the NAV at the START of the year? Group of answer choices 36.11 33.07 39.47 38.08 37.78Consider the following trading and performance data for four different equity mutual funds: Fund W Fund x Fund y Fund z Assets under Management, $284.4 $662.1 $1,286.4 $5,564.6 Avg. for Past 12 months (mil) Security Sales, $44.6 $566.1 $1,455.6 $438.8 Past 12 months (mil) Expense Ratio 0.33% 0.75% 1.19% 0.24% Pretax Return, 3-year avg. 9.85% 10.65% 10.44% 9.73% Tax-adjusted Return, 3-year avg. 8.84% 8.84% 9.10% 9.04% Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: % Fund X: % Fund Y: % Fund Z: %1. A fund is set up to charge a load. Its net asset value is P16.50 and its offer price is P17.30. A. Assume the fund increased in value by .30 the first month after you purchased 100 shares. What is the total gain or loss? Compare the total current value with the total purchase amount. B. By what percentage would the net asset value of the shares have to increase for you to break even?
- 3. The composition of a "BestFund" is as follows: Shares Share price 200,000 300,000 400,000 600,000 Stock A B C D 35 40 20 25 a. The fund's accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund? b. If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate?On February 9, 2020, the market value of the investments contained in the All Star Stock Fund, a mutual fund, was $21,200,000. Liabilities for the fund were $2,544,000.If the fund had 970,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.15)Consider the following data on two mutual funds: Fund A Fund B Total net assets (assets less Liabilities) at beginning of year ¢ 1,000,000 ¢ 1,000,000 Number of shares outstanding at 100,000 100,000 beginning of year Annual operating expenses ¢ 10,000 ¢ 12,000 Value of securities sold during year ¢ 500, 000 ¢ 800,000 Value of securities purchased during ¢ 400,000 ¢ 900,000 year Brokerage fees for the year ¢ 9,000 ¢ 17,000 Number of shares outstanding at 110,000…
