Exam 4: Mutual Funds and Other Investment Companies

The European Growth Fund has $820 million in assets and $76,000 in liabilities.There are 30.5 million shares outstanding.The fund charges a 4.4 percent front-end load.What is the offering price?

Which one of the following statements is correct concerning mutual funds?

Exchange traded notes were first created to mimic _____ index.

Trading symbols for mutual funds end in which letter?

The Stone Wall Fund has an offer price of $32.90 and a front-end load of 3.25 percent. What is the net asset value?

One year ago,you invested $7,000 in the no-load Triple A Money Market Fund.You have neither added to this account nor received any funds from this account since that time.The fund earned a 5.2 percent rate of return for the past year.How many shares of this fund do you currently own?

Which type of stock fund focuses primarily on current income?

The Atlas Mutual Fund owns the following stocks: The fund has no liabilities and has 65,000 shares outstanding.What is the NAV?

Which one of the following describes an investment company that generally has an unrestricted investment strategy and is not accessible to the general public?

Which one of the following is NOT included in the fee table found in a mutual fund prospectus?

An ETF is best described as:

A sector fund:

You want to purchase shares in a fund and also ensure that your money does not support firms that harm the environment.Which type of fund should you purchase?

The Latest Trend Fund has $2,648,900 in assets,and $1,878,400 in liabilities.How many shares are outstanding if the NAV is $10.07?

To determine the actual objective of a fund,you should primarily refer to the:

Alex invested $10,000 in a mutual fund two and one-half years ago when the NAV of the fund was $25.Today,the NAV has risen to $28.30.Since the time of his original investment,Alex has obtained an additional 54.36 shares by reinvesting the fund distributions.The fund charges a contingent deferred sales charge of 6 percent the first year with the charge decreasing by 1 percent each year.How much money will he receive if he redeems his shares today?

Which one of the following statements is true?

Currently,the term "hedge fund" refers to:

Which one of the following types of bond funds tends to have the highest level of risk?

What are the primary differences between an ETF and an ETN?