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Funds 102: Net Asset Value

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1.
Which of the following is not included in the computation of a mutual fund's net asset value?
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The sales charge. Any sales charges are independent of the net asset value.
2.
Changes in the amount of cash a fund has to invest in securities can affect its net asset value by ______.
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Altering the amount available for buying securities. This, in turn, can affect the total value of the fund's assets.
3.
The net asset value of a no-load mutual fund is less than its offering price.
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False. It is the same as its offering price, since there is no sales charge.
4.
Media quotes of closed-end funds carry all of the following except ________.
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Number of shares outstanding. Quotes include net asset value and price, but no information on outstanding shares.
5.
In a mutual fund table, the "YTD%" column shows the _______.
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Change in net asset value. "YTD%" is the percent change of NAV of the year to date.