EXHIBIT 13.4 Mutual Fund Quotes Open-end mutual funds are listed separately from

Question

EXHIBIT 13.4 Mutual Fund Quotes Open-end mutual funds are listed separately from other securities and have their own quotation system; an example is shown here in online quotes from The Wall Street Journal. Note that these securities are also quoted in dollars and cents and that the quotes include not only the fund's NAV but also year-to-date (YTD) returns. Also included as part of the quotes is an indication of whether the fund charges redemption and/or 12b-1 fees. American Century Core Plus Fund, class A shares a fund with a front-end load fee (p YTD Family/Fund American Century A CorePisp EmgMktAt Growth p IntlBnd t LtTf Artisan Funds EmgMktslnv EmgMktslnst IntlVal Inv MidCaplnv MidCapVal Inv SmCapVal Inv Valuelnv Symbol NAV Chg %return %chg American Century Emerg- ing Markets, class A shares a fund with both 12b-1 and front-end load fees (t 0.87 -0.01 ACCOX AEMMX TCRAX AIBDX MMBAX 0.9 11.9 0.04 29.68 12.41 -0.10 0.01 -5.1 -0.5 16.7 -3.5 0.01 American Century Interna- tional Bond Fund, class A shares; a fund with a front- end load fee and possible redemption fee (p ARTZX APHEX ARTKX ARTMX ARTOX ARTVX ARTLX 13.03 2.93 36.81 -0.21 48.20 -0.01 25.61 13.03 5.3 18.8 17.9 0.04 0.03 8.9 American Century Long- lerm lax-Free Fund, class A shares; a fund with a front- end fee (p). Artisan International Value Fund, a true no-load fund no front-end, back-end, or 12b-1 fees) 7.6 -0.07 3.9 4.30 -0.09 13.87 -0.04 p-Distribution costs apply, 12b-1 r-Redemption charge may apply t Footnotes p and r apply. Source: The Wall Street Journal, http://onlinc.wsj.com/mdolpublidpage/2 3048-usmfunds A-usmfunds html, accossed May 22, 201S; NAV-net assct valuc. Chg-change in NAV from previous trading day. 3-year % dg-s trailing three-year annualized. How much would you have to pay to buy each of the following funds? a. American Century Emerging Markets Fund (AEMMX) b. American Century Growth Fund (TCRAX) c. American Century International Bond Fund (AIBDX) d. Artisan Small Cap Value Fund Investor Shares (ARTVX)

Explanation / Answer

We can purchase Mutual funds at quoted prices if they are available for sale. The price of mutual fund is based on its Net Asset Value.

In the given question we have no details about incidental costs or charges born along with Net asset value to buy a mutual fund. So we are considering NAV only.

Amount to be paid to buy as follows

a. AEMMX AT $9.31

b.TCRAX AT $29.68

c. AIBDX AT $12.41

d. ARTVX AT $14.30

THANK YOU.

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