The Fund's advisor & administrator have entered into a series of agreements that run through September 30, 2017 which limit the Fund's operating expenses to 1.70 % of the average daily
net assets of the Fund, exclusive of brokerage fees and commissions, taxes, borrowing costs (such as interest or dividend expenses on securities sold short), acquired fund fees and expenses, extraordinary expenses, and distribution and / or service (12b - 1) fees.
The NAV per share is determined by dividing the total
net assets of the fund by the number of shares outstanding.
Of course this isn't an exact calculation because we don't know exactly what the NAV has done so far in August... but the market in general is up and therefore so should
the net assets of the fund.
Turkish Investment Fund (TKF):  Financials account for about 40 %  the fund with Turkiye Garanti Bank alone having a 19 % allocation. The total
net assets of the fund is $ 150M and the expense ratio is 1.4 %.
Not exact matches
LONDON, April 12 - Man Group, the world's largest listed hedge
fund, reported a 3 percent rise in total
assets in the first - quarter after
net inflows
of $ 4.8 billion more than offset performance losses.
Mutual
funds have traditionally invested in baskets
of publicly traded securities, which collectively make up the
fund's
net asset value, or daily share price.
The National Association
of Real Estate Investment Trusts («NAREIT») defines
funds from operations («NAREIT FFO») as
net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales
of operating real estate
assets and change in control
of interests, plus (i) depreciation and amortization
of operating properties and (ii) impairment
of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.
Following the financial crisis, I argued that regulators should look into whether or not the mutual
fund rules and current accounting rules were appropriately structured given the growing presence
of firms like Berkshire Hathaway (BRKA), which get a pass from daily
net asset value calculations and other requirements.
Conversely, shares
of mutual
funds are priced based on their
net asset value (NAV) once at the end
of the trading day.
Under Previous Standards, we did not reflect advertising
fund contributions or advertising
fund expenditures in our Consolidated Statement
of Operations, and temporary
net differences between contributions and expenses were reflected as prepaid
assets or accrued liabilities on our consolidated balance sheet.
Under normal market conditions, the
fund invests at least 80 %
of its
net assets in United States Treasury debt securities and obligations
of agencies and instrumentalities
of the United States, including repurchase agreements collateralized with such securities.
OMERS Ventures is the venture capital investment arm
of OMERS, one
of Canada's largest pension
funds with nearly $ 61 billion in
net assets.
A mutual
fund's annual operating expenses, expressed as a percentage
of the
fund's average
net assets.
Holdings in the All American Equity
Fund and Holmes Macro Trends
Fund as a percentage
of net assets as
of 12/31/2014: Apple, Inc. 3.52 % All American Equity
Fund, 5.37 % Holmes Macro Trends
Fund; Saudi Amarco 0.00 %; Twitter, Inc. 0.00 %.
For example, I've worked with people that have had
net worth's in the $ 500k range, but who've had most
of their
assets parked in retirement
funds.
Expense ratio A mutual
fund's annual operating expenses, expressed as a percentage
of the
fund's average
net assets.
Some
of the best and most experienced investors in the world have a habit
of routinely keeping 20 %
of their
net assets in cash and cash equivalents, often the only truly safe place for parking these
funds being a United States Treasury bond
of short - duration held directly with the U.S. Treasury.
Having built Gavekal into one
of the most widely respected
asset managers in Asia, Louis now manages some $ 1.6 billion in
funds and strategies on behalf
of institutional and high -
net - worth clients at Gavekal.
Under normal market conditions, the Near - Term Tax Free
Fund invests at least 80 percent
of its
net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax.
Holdings in the
funds mentioned as a percentage
of net assets as
of 9/30/2014: SunPower Corp. 0.00 %, Walmart 0.00 %, Apple 0.00 %, Ford 0.00 %, IKEA 0.00 %, SPDR Gold Shares 0.32 % in Gold and Precious Metals
Fund.
Growth is expected to come from wirehouses such as Morgan Stanley and Merrill Lynch that are starting to allocate more
funds to the newer
net asset value (NAV) non-traded REIT products on behalf
of their clients, notes Kevin Gannon, president and managing director at Robert A. Stanger & Company Inc., a real estate investment banking firm based in Shrewsbury, N.J..
Estimated annual
fund expenses as a percentage
of the average
net assets attributable to common stock are 5.9 %.
TORONTO, December 6, 2016 - RBC Global
Asset Management Inc. today announced November mutual
fund net sales
of $ 533 million.
The NAV (
net asset value)
of a bond
fund will move up or down based on a number
of factors such as changes in interest rates, credit quality, and currency values (for international bonds) for the different bond holdings in the
fund.
Volatility's impact on a money
fund's
net asset value (NAV) from an increase in yield falls well short
of what would be necessary to challenge the stability
of principal.
The
Fund will further limit its aggregate investments in issuers subject to the 15 % Limitation as well as other private
funds, private REITs and Private Real Estate Investment Funds to 35 % of its net assets (the «35 % Limitation&raq
funds, private REITs and Private Real Estate Investment
Funds to 35 % of its net assets (the «35 % Limitation&raq
Funds to 35 %
of its
net assets (the «35 % Limitation»).
Interest rate risk is the risk that debt securities, and the
Fund's
net assets, may decline in value because
of changes in interest rates.
a person, other than an individual or investment
fund, that has
net assets of at least $ 5,000,000 as shown on its most recently prepared financial statements,
The
fund also distributes its
net asset value to shareholders in July
of the year it reaches its end date.
Under normal market conditions, the Gold and Precious Metals
Fund will invest at least 80 percent
of its
net assets in equity securities
of companies predominately involved in the mining, fabrication, processing, marketing, or distribution
of metals including gold, silver, platinum group, palladium and diamonds.
More specifically, investors are putting their money to work in markets outside the U.S.
Of the $ 97.2 billion of net new assets raised in the first quarter, over $ 70 billion went into equity funds with international exposur
Of the $ 97.2 billion
of net new assets raised in the first quarter, over $ 70 billion went into equity funds with international exposur
of net new
assets raised in the first quarter, over $ 70 billion went into equity
funds with international exposure.
A bond
fund with a longer average maturity will see its
net asset value (NAV) react more dramatically to changes in interest rates as the prices
of the underlying bonds in the portfolio increase or decline.
When you sell shares in a
fund, you receive the
fund's current
net asset value (NAV), which is the value
of all the
fund's holdings divided by the number
of fund shares, less any redemption fee, if applicable.
In any such event, the resulting corporate taxes could substantially reduce the
Fund's
net assets, the amount
of income available for distribution and the amount
of its distributions.
IVV had
net redemptions
of $ 6.6 billion — a rare occurrence for a
fund that's steadily accumulated
assets and that became the world's second - largest ETF last year.
Holdings in the China Region
Fund as a percentage
of net assets as
of 6/30/2017: Tencent Holdings Inc. 6.20 %, Wells Fargo & Co. 0.00 %, Sunny Optical Technology Group Co. Ltd. 6.75 %, BYD Electronic Co. Ltd. 3.85 %, TravelSky Technology Ltd. 3.34 %, Apple Inc. 0.00 %, AAC Technologies Holdings Inc. 3.00 %, Guangzhou Automobile Group Co. Ltd. 4.63 %, Geely Automobile Holdings Ltd. 8.96 %, Ford Motor Co. 0.00 %.
When you sell shares in a
fund, you receive the
fund's current
net asset value (NAV), which is the value
of all the
fund's holdings divided by the number
of fund shares.
As late as March 2003, Gail Dudack observed: «
Net redemptions since the beginning
of 2002 have been tiny compared with total stock
fund assets.
^ The
Fund's investment adviser, SSGA Funds Management, Inc. (the «Adviser» or «SSGA FM»), is contractually obligated until December 31, 2018 (i) to waive up to the full amount of the advisory fee payable by the Fund, and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual ba
Fund's investment adviser, SSGA
Funds Management, Inc. (the «Adviser» or «SSGA FM»), is contractually obligated until December 31, 2018 (i) to waive up to the full amount
of the advisory fee payable by the
Fund, and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual ba
Fund, and / or (ii) to reimburse the
Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual ba
Fund to the extent that Total Annual
Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual ba
Fund Operating Expenses (exclusive
of non-recurring account fees, extraordinary expenses, acquired
fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net assets on an annual ba
fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 %
of average daily
net assets on an annual basis.
The investment objective
of State Street Institutional Treasury Money Market
Fund is to seek a high level
of current income consistent with preserving principal and liquidity and the maintenance
of a stable $ 1.00 per share
net asset value («NAV»).
1The
Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until May 1, 2019 to waive its management fee and / or to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 % of average daily net assets on an annual ba
Fund's investment adviser, SSGA
Funds Management, Inc. is contractually obligated until May 1, 2019 to waive its management fee and / or to reimburse the
Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 % of average daily net assets on an annual ba
Fund for expenses to the extent that Total Annual
Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 % of average daily net assets on an annual ba
Fund Operating Expenses (exclusive
of non-recurring account fees, extraordinary expenses, acquired
fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 % of average daily net assets on an annual ba
fund fees and any class specific expenses such as Distribution, Shareholder Servicing, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 %
of average daily
net assets on an annual basis.
^ The
Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until April 30, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund, and / or (ii) to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual ba
Fund's investment adviser, SSGA
Funds Management, Inc. is contractually obligated until April 30, 2019 (i) to waive up to the full amount
of the advisory fee payable by the
Fund, and / or (ii) to reimburse the Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual ba
Fund, and / or (ii) to reimburse the
Fund for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual ba
Fund for expenses to the extent that Total Annual
Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual ba
Fund Operating Expenses (exclusive
of non-recurring account fees, extraordinary expenses, acquired
fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of average daily net assets on an annual ba
fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 %
of average daily
net assets on an annual basis.
^ The
Fund's investment adviser is contractually obligated until April 30, 2019 (i) to waive up to the full amount
of the advisory fee payable by the
Fund and / or (ii) to reimburse the
Fund to the extent that Total Annual
Fund Operating Expenses (exclusive
of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.13 %
of average daily
net assets on an annual basis.
Every pension
fund he studied is a monthly
net seller
of assets in order to
fund beneficiary payouts — i.e. the cash contributions from current payees into the
fund plus investment returns on capital is not enough to
fund current beneficiary payouts.
The Near - Term Tax Free
Fund invests at least 80 percent
of its
net assets in investment - grade municipal securities.
Holdings in the China Region
Fund as a percentage
of net assets as
of 3/31/2017: Geely Automobile Holdings Ltd. 7.00 %, Great Wall Motor Co. Ltd. 0.54 %, CSPC Pharmaceutical Group Ltd. 3.48 %, Sinopharm Group Co. Ltd. 1.84 %, Tencent Holdings Ltd. 5.47 %, NetEase Inc. 0.75 %, ANTA Sports Products Ltd. 2.36 %.
Shares
of mutual
funds, on the other hand, can only be purchased at the end
of the trading day at their
net asset value price.
According to Broadridge, the bulk
of the $ 35 billion
of net outflows from actively managed mutual
fund accounts held at IBDs moved to ETFs, which recorded an increase
of net new
assets of $ 34.9 billion.
Jones boosted the amount
of money he's managing, including borrowed capital, to more than 50 percent
of his main hedge
fund's
net assets, according to the letter.
When market conditions favor wider diversification in the view
of Hussman Strategic Advisors, Inc., the
Fund's investment manager, the
Fund may invest up to 30 %
of its
net assets in securities outside
of the U.S. fixed - income market, such as utility and other energy - related stocks, precious metals and mining stocks, shares
of real estate investment trusts («REITs»), shares
of exchange - traded
funds («ETFs») and other similar instruments, and foreign government debt securities, including debt issued by governments
of emerging market countries.