help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Here are fees for different classes of the Dreyfus Founders Equity Growth Fund as of late 2008

Here are fees for different classes of the Dreyfus Founders Equity Growth Fund as of late 2008

Finance

Here are fees for different classes of the Dreyfus Founders Equity Growth Fund as of late 2008. Notice the trade-off between the front-end loads versus 125-1 charges. EXAMPLE 4.1 Fees for Various Classes (Dreyfus Founders Growth Fund) Class B Class T Front-end load Back-end load 12b1 fees Expense ratio Class A 0-5.75% 0 25% 1,05% 0 0-4% 1.0 1.42% Class C 0 0-19 1.0 1.0596 0-4 50% 0 50% 1.71% Note: "Depending on size of investment "Depending on yours until boldings are sold, including service fee of 25%

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Ans : You have not clearly stated what amount is being Invested , so I am assuming 1000 shares @ 10 = $10000. You may later (if required )replace it with any other amount .

Formulas used :

  

Net amount invested = gross amount * (1 - front load %)

  

Net returns per year( % )= gross returns - 12b1 fee - management fee

Future value = present value * (1 + rate of return - 12b-1 fees - other fees)number of years
 

Class A

Class B

Class C

Class T

a)Investment

10000

10000

10000

10000

b)Front end Load

5.75%

0.00%

0%

4.50%

c)Back end load

0

4%

1%

0

d)12b-1 fees

0.25%

1.000%

1%

0.50%

e)Management fee

 

      

f)Other fees/Exp Ratio

1.05%

1.42%

1.05%

1.71%

g)Rate of return

11%

11.00%

11.00%

11.00%
         

i=a(1-b))Amount of Front Load

575

0

0

450

j=a-i)Net Investment

9425

10000

10000

9550

k=g-c-d-e-f)Net Return % after Exp and other Charges

9.700%

4.580%

7.950%

8.790%

l=j*(1+k)^1 ) Value Of Investment in 1 yr

10339.225

10458

10795

10389.445

 

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)