Administrative charges

[Frixxxx]

In April, an article was posted on 350z's thread about how the I fund accrued $8 Million dollars in trade credits. Since this is more than the total amount of trades made in 2006, does that mean if we don't use them the keep going until it reaches zero?

Also, question about the .03% administrative cost. When is it taken out?

 

[fabijo]

In April, an article was posted on 350z's thread about how the I fund accrued $8 Million dollars in trade credits. Since this is more than the total amount of trades made in 2006, does that mean if we don't use them the keep going until it reaches zero?

Also, question about the .03% administrative cost. When is it taken out?

The administrative costs are calculated into the price on a daily basis. It just averages to about .03% annually. Break that year up into days and you'll have a very tiny fraction being taken out daily that it almost looks like zero cost.

Also, those trade credits are what help keep the administrative costs so low. Some days cost more than others. Also, they are getting money on a daily basis from the G Fund gaining interest. The G Fund also has administrative costs. Last year, I read in one of the business meeting reports that they anticipate the administrative costs being a lower percentage as years go by because of more money in the funds and because of trades getting cheaper.

 

[Frixxxx]

Last year, I read in one of the business meeting reports that they anticipate the administrative costs being a lower percentage as years go by because of more money in the funds and because of trades getting cheaper.

Thanks for the response....

Should I hold my breath for .003% hahaha

Thanks again!