December 30, 1990, though its name was then Northwest Growth Fund.Morningstar insists that the Growth Fund was launched in 1987. There’s a considerable performance adjustment built into the fee: management fee will change by as much as .3% based on performance in the trailing year. This seems like a wonderfully admirable little fund. Expenses are quite low for such a tiny fund and management has linked its compensation to a solid performance fee.Saturna claims 1990, either October or December, for its predecessor fund and 1995 for the fund under its current configuration. Its base management fee is 0.60% and the performance fee of up to 0.30% can cut the manager’s profits by half if he screws up.
By using less toxic cleaning and maintenance chemicals, these hotels provide healthier conditions for guest and employees.
These fees should be reimbursed as an eligible lodging expense.
The Georgia Department of Natural Resources has developed a program to identify and certify lodging properties that are taking significant steps to reduce their demands on Georgia’s natural resources and acting as good corporate citizens.
While Morningstar classifies it as a mid-cap growth fund, the firm claims to follow a “value approach to investing” in looking at stocks with favorable potential over the next one to four years.
They list a variety of predictable factors (revenue growth, p/e and p/b ratios, industry position and so on) in their selection criteria.
The fund reports virtually no frictional loss to taxes; that is, the annual tax cost on unsold shares trims less than 0.20% from the fund’s pre-tax returns.