Question: The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow. FUND NAV

The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow.

FUND

NAV

NET CHG

YTD % RET

GlbEx p 11.32 -0.02 2.5
PwrSL r 30.77 0.08 5.4
PFIN 27.81 0.22 7.9
MajTrk 42.21 0.31 9.0

The mutual fund --------- charges a back-end load fee.

True or False: You can generally expect funds that charge back-end load fees to outperform funds that do not charge these fees.

True

False

Suppose MajTrk has a front-end load fee of 9%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of $________

. If, in one month, you sell the shares, you ________ pay a redemption fee at that time.

If you are interested only in funds without any fee, you _______ to use additional online resources to find no-load funds, because using only the quotations as listed in the table, it is _________ to determine the amount of any front-end load fee that the fund may charge.

1) GibEx, PFIN, MajTrk, PwrSL

2) will not, will also

3) will need, do not need

4) very easy, impossible

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