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100
Funds 101:
Mutual Fund Basics
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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1.
In the world of mutual funds, what are outstanding shares?
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Shares of very high quality
Shares waiting to be bought
Shares owned by the public
Shares that are not part of a mutual fund
Shares owned by the public. To be "outstanding" is to be in the public's possession.
2.
Diversification spreads risk among several different investments.
Choose wisely. There is only one correct answer.
True
False
True. Each investment has its own risk profile.
3.
The mutual fund advisor may play additional roles besides that of advisor.
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True
False
True. It may also be the transfer agent.
4.
When a mutual funds individual holdings make money, so do the mutual funds shareholders.
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True
False
True. Earnings are passed from the holdings to the funds shareholders.
5.
Which of the following pieces of information on portfolio managers is included in a mutual fund prospectus?
Choose wisely. There is only one correct answer.
Compensation
Employment history
How they distribute dividends
All of the above
Employment history. This provides a sense of the managers' experience.
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DONE