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Funds 108: Introduction to Mutual Fund Prospectuses

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1.
One reason prospectuses use technical and precise language is to protect the consumer.
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True. This language makes it harder to misinterpret what is in a document.
2.
The mutual fund advisor may play additional roles besides that of advisor.
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True. It may also be the transfer agent.
3.
You can find information on how to contact a mutual fund by reading its introduction.
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True. The introduction includes an address and telephone numbers.
4.
If you want to read about your options for mutual fund investment plans, you can find them in the shareholder manual.
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True. Investment plans are part of a shareholder's privileges.
5.
Transaction fees cover buying and selling costs of securities within a mutual fund.
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True. Transacting is essentially buying and selling portfolio securities.
6.
A mutual fund objective may include a statement of the level of income it seeks.
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True. This is one of the most important parts of the objective.