Last year at this time, a mutual fund had an NAV of $13.20 per share. Over the past year the fund paid dividends of $0.70 per share and had a capital gains distribution of $1.20 per share. What is the holding period return assuming that the current NAV is $14.42?

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The holding period return is calculated as follows:HPR = (Ending NAV + Dividends + Capital Gains Distributions - Beginning NAV) / Beginning NAVHPR = ($14.42 + $0.70 + $1.20 - $13.20) / $13.20HPR = $23.6%

Last Year at This Time, a Mutual Fund Had an NAV