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Funds 102: Net Asset Value

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1.
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.
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.
The net asset value is the _______ of one share of a mutual fund.
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Value. It is a value, not a price or an amount.
4.
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.
5.
The "Chg." column in a mutual fund table notes how much the fund's net asset value has changed since the beginning of the year.
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False. The "Chg." column states the change over the previous day.