Using the mutual fund quotes in Exhibit 13.4, and assuming that you can buy these funds at
Question:
Using the mutual fund quotes in Exhibit 13.4, and assuming that you can buy these funds at their quoted NAVs, how much would you have to pay to buy each of the following funds? a. American Century Emerging Market Funds (AEMMX)
b. American Century growth Fund (TCRAX)
c. American Century International Bond Fund (AIBDX)
d. Artisan Mid-Cap Value Fund (ARTQX)
Transcribed Image Text:
EXHIBIT 13.4 Open-end mutual fund price quotes, fees, and return performance may be obtained online. The information here is from The Wall Street Journal. Family/Fund American Century A Core Plus Fund Emerging Markets Fund Growth Fund International Bond Fund Artisan Funds Sustainable Emerg- ing Markets Fund Mutual Fund Quotes Mid-Cap Fund Mid-Cap Value Fund Value Fund Symbol Category ACCQX Core Plus Bond AEMMX TCRAX AIBDX ARTZX ARTMX ARTQX ARTLX Net Front- Asset End Value Load Ratio ($) (%) (%) 10.88 4.50 0.83 Emerging Markets 10.98 5.75 1.43 Expense Year-to- October 2019 Large-Cap Growth 35.72 5.75 1.22 International 12.87 4.50 1.06 Income Emerging Markets 15.86 None 1.41 Multi-Cap Growth 35.55 None 1.18 Mid-Cap Core 20.28 None 1.19 Multi-Cap Value 13.60 None 1.01 8.32 15.21 29.90 4.05 13.03 Total Returns (%) 33.81 20.01 26.58 1-Year 5-Year 10-Year 9.82 2.85 3.53 12.61 5.19 4.49 20.50 12.72 13.25 6.30 0.21 -0.16 9.23 5.56 2.62 23.38 9.36 13.75 6.25 5.11 9.61 11.60 7.64 10.22 Source: Adapted from The Wall Street Journal, https://www.wsj.com/market-data/mutualfunds-etfs/screener, accessed November 19, 2019.
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Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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