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Funds 102: Net Asset Value

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1.
When a mutual fund makes a distribution to its shareholders, it adds the per-share amount to the net asset value.
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False. It subtracts the per-share amount.
2.
The net asset values of closed-end funds are calculated in the same way as those of open-end funds.
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True. Whether the funds are open-end or closed-end has no bearing on how their net asset values are calculated.
3.
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.
4.
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.
5.
The public offering price of a mutual fund share is the _______ plus the load.
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Net asset value. Public offering price = NAV + load.