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Series 6

Unit 2 Section 5

QuestionAnswer
Forward Pricing The valuation process f or mutual fund shares, whereby an order to puerchase or redeem shares is executed at the price determined by the portfolio valuation calculated after the order is received. Portfolio valuations occur at least once per business day.
Public Offering Price (POP) 1) The price of new shares that is established in the issuing corporation's prospectus. 2) The price to investors for mutual fund shares, equal to the net asset value plas the sales charge.
Front End Load 1)Mutfund com or sles fee chgd @ the tm shars are pur.Theload is +to theshars NAV wn calc the POP 2)Sys of sles chg for cont plns perm up to 50% ofthe 1st yrs pymts to be -as a sles chg.Invtrs have a right to WD fm sucha plan,but rest apply if this occurs
Sales Charge/ Sales Load/ Load The term used to dscribe the cost involved in purchasing an open-end investment company. It is the difference between the public offering price (POP) and the Net Asset Value (NAV)
Front End Load 1)Mut fund com or sles fee chgd @ tm shrs R pur.The ld is +to theshrs NAV wn calc POP. 2)Sys of sles chrg for cont plns perm up to 50% of 1st yrs pymt to be -as a sles chrg. Invts have right to WD from such plan,but rest apply if this occurs.
Class A Share A class of mutual fund share issued with a front end sales load. A mutual fund offers different classes of shares to allow investors to choose the type of sales charge they will pay.
Class B Share A class of mutual fund share issued with a back end load. A mutual fund offers different classes of shares to allow investors to choose the type of sales charge they will pay.
Class C Share A class of mutual fund share issued with a level load. A mutual fund offers different classes of shares to allow investors to choose the type of sales charge they pay.
12b-1
No-load fund A mutual fund whose shares are sold with out a commission or sales charge. The investment company distributes the shares directly.
Created by: ericjrolon