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Calculate the tax cost ratio for fund

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Reference no: EM133056003

Consider the following trading and performance data for four different equity mutual funds:

 

Fund W

Fund X

Fund Y

Fund Z

Assets under Management,

$299.8

 

$652.2

 

$1,296.3

 

$5,558.0

 

    Avg. for Past 12 months (mil)

 

 

 

 

 

 

 

 

Security Sales,

$40.4

 

$569.4

 

$1,462.8

 

$428.9

 

    Past 12 months (mil)

 

 

 

 

 

 

 

 

Expense Ratio

0.32%

 

0.69%

 

1.14%

 

0.27%

 

Pretax Return, 3-year avg.

9.81%

 

10.90%

 

10.48%

 

9.84%

 

Tax-adjusted Return, 3-year avg.

8.90%

 

8.78%

 

9.46%

 

9.48%

 

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:   %

Which two funds are most likely to be actively managed and which two are most likely passive funds?

-Select-Funds W and XFunds W and YFunds W and ZFunds X and YFunds X and ZFunds Y and ZItem 5 are most likely passively managed portfolios; -Select-Funds W and XFunds W and YFunds W and ZFunds X and YFunds X and ZFunds Y and ZItem 6 are most likely to be actively managed.

Calculate the tax cost ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places.

Fund W:   %

Fund X:   %

Fund Y:   %

Fund Z:   %

Which funds were the most and least tax efficient in the operations?

-Select-Funds Z and WFunds Z and XFunds Z and YFunds W and XFunds W and YFunds X and YItem 11 were the most tax efficient and

-Select-Funds Z and WFunds Z and XFunds Z and YFunds W and XFunds W and YFunds X and YItem 12 were the least tax efficient.

Reference no: EM133056003

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