1 ) Leo has never invested before yet after his thorough research of mutual funds and their...
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Question:
Leo has never invested before yet after his thorough research of mutual funds and their Fund Facts, he is ready to invest. His chequing and savings accounts are already with the Royal Bank of Canada RBC so it was easy to open a TaxFree Savings Account TFSA with them and to look at purchasing one of their mutual funds. He has $ in his savings account which he will transfer into his TFSA to make his initial purchase in the mutual fund RBC Global Technology Fund Series A Thereafter, he wants to arrange for automatic withdrawals from his chequing account of $ on each pay day he is paid semimonthly, on the st and the th of each month Which statements are incorrect?
I. This fund is a no load fund
II Under the funds requirements, Leo has the minimum investment amount to buy into the fund and to continue making subsequent purchases
III. The sector allocation is equity holdings in the Information Technology and Communications Services
IV Top holding is Microsoft
V Management Expense Ratio is
VI Medium risk fund
VII. This fund had its best return of in February and its worst return in November of
a I, II III and V
b III and V
c II VI and VII
d II III, V and VI
e I, IV and VII
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