Use the mutual fund quotes in table below, and assume that you can buy these funds...

 

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Use the mutual fund quotes in table below, and assume that you can buy these funds at their quoted net asset values. Mutual Fund Quotes EXHIBIT 13.4 Open-end mutual funds are listed separately from other securities and have their own quotation system; an example is shown here in online quotes from The Wall Street Journal. Note that these securities are also quoted in dollars and cents and that the quotes include not only the fund's NAV but also yearto-date (YTD) returns. Also included as part of the quotes is an indication of whether the fund charges redemption and/or 126-1 fees. American Century Core YTD 3-уear Plus Fund, class A shares; a fund with a front-end load Family/Fund Symbol NAV Chg % return % chg fee (p). American Century A American Century Emerg- ing Markets, class A shares; CorePis p ACCQX 10.87 -0.01 0.9 2.2 EmgMktA t АЕММХ 9.31 0.04 11.9 9.6 a fund with both 12b-1 and Growth p TCRAX 29.68 5.7 16.7 front-end load fees (t). .... IntIBnd t AIBDX 12.41 -0.10 -5.1 -3.5 American Century Interna- LtTf MMBAX 11.41 0.01 -0.5 0.01 tional Bond Fund, class A shares; a fund with a front- Artisan Funds end load fee and possible redemption fee (p). American Century Long- EmgMktslnv ARTZX 13.03 0.04 8.9 13.03 EmgMktslnst APHEX 12.93 0.03 8.7 5.3 IntIVal Inv ARTKX 36.81 -0.21 7.6 18.8 Term Tax-Free Fund, class A MidCaplnv ARTMX 48.20 -0.01 6.1 17.9 shares; a fund with a front- end fee (p). MidCapVal Inv ARTOX 25.61 -0.07 3.9 16.5 SmCapVal Inv ARTVX 14.30 -0.09 1.1 8.0 Artisan International Value Valuelnv ARTLX 13.87 -0.04 6.0 15.4 Fund, a true no-load fund (no front-end, back-end, or p-Distribution costs apply, 12b-1. 12b-1 fees) -Redemption charge may apply. t-Footnotes p andrapply. Soserce: The Wall Street Journal, http:/lonlinc.wsj.com/mddpublic/page/2_3048-usmfunds A-usmfunds.html, accosscd May 22, 2015; NAV-net asset valuc. Chg-change in NAV from previcus trading day. 3-ycar % chg-is trailing three-pcar annualized. How much would you have to pay to buy each of the following funds? a. American Century Emerging Markets Fund (AEMMX) $ b. American Century Growth Fund (TCRAX) c. American Century International Bond Fund (AIBDX) d. Artisan Small Cap Value Fund Investor Shares (ARTVX) $ According to the quotes, which of these four funds have 12(b)-1 fees? TCRAX, AIBDX, ARTVX Y Which have redemption fees? AEMMX, ARTVX Which of the funds are no-loads? ARTVX Which one of the funds has the highest year-to-date return? ARTVX Which one of the funds has the lowest year-to-date return? ARTVX %24 %24 Use the mutual fund quotes in table below, and assume that you can buy these funds at their quoted net asset values. Mutual Fund Quotes EXHIBIT 13.4 Open-end mutual funds are listed separately from other securities and have their own quotation system; an example is shown here in online quotes from The Wall Street Journal. Note that these securities are also quoted in dollars and cents and that the quotes include not only the fund's NAV but also yearto-date (YTD) returns. Also included as part of the quotes is an indication of whether the fund charges redemption and/or 126-1 fees. American Century Core YTD 3-уear Plus Fund, class A shares; a fund with a front-end load Family/Fund Symbol NAV Chg % return % chg fee (p). American Century A American Century Emerg- ing Markets, class A shares; CorePis p ACCQX 10.87 -0.01 0.9 2.2 EmgMktA t АЕММХ 9.31 0.04 11.9 9.6 a fund with both 12b-1 and Growth p TCRAX 29.68 5.7 16.7 front-end load fees (t). .... IntIBnd t AIBDX 12.41 -0.10 -5.1 -3.5 American Century Interna- LtTf MMBAX 11.41 0.01 -0.5 0.01 tional Bond Fund, class A shares; a fund with a front- Artisan Funds end load fee and possible redemption fee (p). American Century Long- EmgMktslnv ARTZX 13.03 0.04 8.9 13.03 EmgMktslnst APHEX 12.93 0.03 8.7 5.3 IntIVal Inv ARTKX 36.81 -0.21 7.6 18.8 Term Tax-Free Fund, class A MidCaplnv ARTMX 48.20 -0.01 6.1 17.9 shares; a fund with a front- end fee (p). MidCapVal Inv ARTOX 25.61 -0.07 3.9 16.5 SmCapVal Inv ARTVX 14.30 -0.09 1.1 8.0 Artisan International Value Valuelnv ARTLX 13.87 -0.04 6.0 15.4 Fund, a true no-load fund (no front-end, back-end, or p-Distribution costs apply, 12b-1. 12b-1 fees) -Redemption charge may apply. t-Footnotes p andrapply. Soserce: The Wall Street Journal, http:/lonlinc.wsj.com/mddpublic/page/2_3048-usmfunds A-usmfunds.html, accosscd May 22, 2015; NAV-net asset valuc. Chg-change in NAV from previcus trading day. 3-ycar % chg-is trailing three-pcar annualized. How much would you have to pay to buy each of the following funds? a. American Century Emerging Markets Fund (AEMMX) $ b. American Century Growth Fund (TCRAX) c. American Century International Bond Fund (AIBDX) d. Artisan Small Cap Value Fund Investor Shares (ARTVX) $ According to the quotes, which of these four funds have 12(b)-1 fees? TCRAX, AIBDX, ARTVX Y Which have redemption fees? AEMMX, ARTVX Which of the funds are no-loads? ARTVX Which one of the funds has the highest year-to-date return? ARTVX Which one of the funds has the lowest year-to-date return? ARTVX %24 %24

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12b1 fee is the annual distribution fee and is part of t... View the full answer