Answer:
The total return from this investment is -2.35%
Explanation:
According to the give data You invested = 5,400 x $63.90 = $345,060
Because of the front-load, your effective investment = $345,060 x (1 - 5%) = $327,807
Value of assets increases by 6% in 2016, hence, your investment value = $327,807 x (1 + 6%) = $347,475
Fund expense of 1.87% must be deducted from this value, Investment value = $347,475 x (1 - 1.05%) = $343,826
Now, because you withdrew within a year, back-end load of 2% is applicable as well.
Hence, your net withdrawal =$343,826 x (1 - 2%) = $336,949
Hence, total return = $336,949 / $345,060 - 1 = -2.35%
The total return from this investment is -2.35%
