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Homework answers / question archive / An investor bought a mutual fund when NAV was $10 and sold it when NAV was $9
An investor bought a mutual fund when NAV was $10 and sold it when NAV was $9.50. In addition, they received $0.90 of dividends and $0.10 of capital gains distributions. What is the holding period return? Give your answer as a percent and to the nearest 0.01%.
HPR = (ending NAV + Dividends + capital disctribution - opening NAV) / opening NAV
= (9.50 + 0.90 + 0.10 - 10) / 10
= 1.40 / 10
= 14%
