tailieunhanh - Meeting of the FIP Sub-Committee - INVESTMENT PLAN OF LAO PEOPLE’S DEMOCRATIC REPUBLIC

Since the 1980s many funds charge 12b-1 fees, which are used to pay for marketing and distribution costs and are included in the fund's expense ratio. Many funds offer multiple share classes (such as A, B, or C classes) with different combinations of loads and 12b-1 fees. To approximate the total cost of mutual fund shares, we aggregate all the costs incurred by fund shareholders using the now standard total ownership cost (TOC) measure introduced by Sirri and Tufano (1998). To obtain this measure, we annuitize the total load by dividing it by the number of years that investors are. | CLiMATE Investment FuNds Meeting of the FIP Sub-Committee Washington . October 31 2011 Agenda Item 4 FIP 4 October 6 2011 Investment Plan OF Lao People s Democratic Republic Proposed Decision by FIP Sub-Committee The FIP Sub-Committee having reviewed the Investment Plan for Lao People s Democratic Republic Document FIP 4 a endorses the Investment Plan as a basis for the further development of the projects foreseen in the plan and takes note of the requested funding of USD 30 million in grant funding. The Sub-Committee requests the Government of the Lao People s Democratic Republic and the MDBs in the further development of the proposed projects to take into account comments submitted by Sub-Committee members by November 15 2011. b reconfirms its decision on the allocation of resources adopted at its meeting in November 2010 that a range of funding for the country should be used as a planning tool in the further development of project and program proposals to be submitted to the FIP Sub-Committee for FIP funding approval recognizing that the minimum amount of the range is more likely and that the upper limit of the range will depend on availability of funding. The range of funding agreed for the People s Democratic Republic is USD 20-30 million in FIP resources. The SubCommittee also recognizes that the quality of the proposed activities will be a significant factor in the funding to be approved by the Sub-Committee when project and program proposals are submitted for approval of FIP funding. c approves a total of in FIP funding as preparation grants for the following projects to be developed under the investment plan i. USD500 000 for the proj ect Protecting Forests for Sustainable Ecosystem Services PFSES ADB and ii. USD500 000 for the project Scaling-up Participatory Sustainable Forest Management Scaling-up PSFM World Bank . d takes note of the estimated budget for project preparation and supervision services for the projects referenced