For example, the Lehman Aggregate Bond Index contains more than 6, 000 bonds, but the Barclays iShares Lehman Aggregate Bond Fund ( AGG) contains only a little more than 100 of those bonds.
By talking to prime brokers (the arms of banks that serve hedge funds), the authorities have also been able to monitor the aggregate level of hedge-fund exposure, and thus systemic risk.
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The first three types of fees are shown, as an aggregate total, in each mutual fund's expense ratio, and are generally reported in your 401(k)'s "summary documents" as a percentage of assets.
Assuming a range of possible average ownerships across the entire portfolio of 10-40%, the table highlights the implied total aggregate value of all the portfolio companies of the fund.
For the quarter ended December 31, 2012, the median core bond manager returned 0.50% (median core bond mutual fund posted 0.64%), outperforming the Barclays Aggregate.
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In aggregate the results have been stunning, comparable to the returns of the most blistering hedge fund.
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The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the de facto central bank.
So if a community borrows from its own citizens to fund worthy public expenditures rather than taxes those citizens, it will not alter the aggregate finances of the community or the wealth of the community any more than taxation would have.
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The fund gained 1.32% Monday, outperforming its benchmark, the Lehman Brothers U.S. Aggregate Index, by 0.51 percentage point, according to Chicago investment-research firm Morningstar Inc.
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