chapter 16:

ENTER ALL ANSWERS BEFORE CLICKING SAVE!

1. Across: A mutual fund's expenses per dollar of assets, the ratio is a measure of a mutual fund's efficiency in managing cost, and is determined as the fund's total expenses divided by the fund's asset holdings. (Two Words)
2. Across: The basic value of a share of mutual fund stock and calculated as the total assets of the fund less the total liabilities of the fund (Two Words)
3. Across: A mutual fund created with a specified and fixed number of shares available for investment, and which is traded in the secondary market. (Two Words)
4. Across: A fund with a sales charge payable at exit the rather than at the time of purchase. (Two Words)
5. Across: A company which pools the funds of investors and invests them to achieve certain stated objectives. (Two Words)
1. Down: The sales fee or commission charged for the purchase of some mutual funds.
2. Down: Name given to a group of funds all sponsored by the same entity.
3. Down: A mutual fund which buys and sells its own shares, and which can create new shares as demand for the shares increases. (Two Words)
4. Down: A formal process for investors to buy additional shares of a mutual fund automatically with earnings from that fund. (Two Words)
5. Down: Fees intended to cover the cost of both marketing and the distribution of investment company shares. These fees, also known as 12(b)-1 fees.