Sản phẩm & Rủi roCâu 111 / 398
A mutual fund's expense ratio measures:
a.The front-end sales load as a percent of the offering price
b.The fund's dividend yield
c.Annual operating expenses as a percentage of the fund's average net assets
d.The bid-ask spread on the fund's shares
Giải thích
The expense ratio expresses a fund's annual operating costs, including management fees, 12b-1 fees, and administrative expenses, as a percentage of its average net assets. A higher expense ratio directly reduces investor returns, so comparing expense ratios is important when selecting among similar funds.
Trích dẫn luật: Investment Company Act of 1940Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Compared with a registered open-end mutual fund, a hedge fund typically:
- Under the forward pricing rule, an order to buy or redeem open-end mutual fund shares is executed at:
- A 12b-1 fee charged by a mutual fund is used to cover:
- Under the 75-5-10 test, a mutual fund may call itself 'diversified' if, with 75% of its assets, it invests no more than:
- A retail money market mutual fund generally seeks to maintain a stable net asset value of:
- An investor is concerned that rising interest rates will reduce the value of a fund's holdings. This concern is most relevant to which fund?
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