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Investments Quiz

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1. load




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2. Defined contribution plans




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3. back-end loads




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4. NAV and Closed-end funds




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5. load funds




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6. management fees




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7. Mutual Funds




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8. Trading costs




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9. 12b-1 fees




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10. short-term funds




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11. MFs with no front-end or back-end loads and no or min 12b-1




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12. also called back-end load, sales charge levied when investors redeem shares




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13. Most mutual funds are created by investment advisory firms (say Fidelity Investments) or brokerage firms with investment advisory operations (say Merrill Lynch)




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14. Shares in an open-end fund = NAV




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15. funds with front-end loads 2-3%




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16. investments are treated as "regulated investment companies" for tax purposes; doesn't pay tax on its investment income, fund shareholders pay taxes




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17. like MMMFs but MMDA account is a bank deposit and offers FDIC




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18. must produce a prspectus to any investor wishing to purchase shares and an annual report to their shareholders




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19. investors pay an added fee, usually 1%, every year they're in the fund




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20. (total value of assets - liabilities)/number of outstanding shares; NAV of a MF will change every day bc the value of the assets held by the fund fluctuates





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