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The tables on page 150 show the most and least efficient fund families.
The result is a very efficient fund with a steady upward trend.
This is an efficient fund, thanks to its low turnover and tax losses.
For closed-ends the calculation is a little more complicated: An efficient fund is one whose discount is a high multiple of its annual expense ratio.
Over a long time, though, the difference between an efficient fund and a costly one adds up to a large percentage of your capital.
It also seems likely that Elliott would push for the funds to be put out to larger, more conventional, more efficient fund managers, geared to delivering short-term results.
Similar(53)
(An efficient stock fund runs up $1 or less in annual expenses per $100 of assets).
"The letter is by far the most efficient fund-raising we do," says Don McCready, the chief executive of the charity.
In the 2000 Republican presidential primary campaign, Senator John McCain of Arizona showed that the Net could be an effective and efficient fund-raising tool by collecting more than $5 million online.
The Governor, cynics maintained, had got credit for an economic recovery he had virtually nothing to do with; had lucked into a surprisingly weak opponent; and, most important of all, had run an almost shamelessly efficient fund-raising operation.
The company says it has been using several schemes "to provide efficient funding" for its overseas stores, and this is common commercial practice.
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