Regulations第 48 / 110 题
A fund's board wants to change the fund from a growth objective to an aggressive high-yield bond objective. This change requires:
a.Only a majority vote of the board of directors
b.Written notice to shareholders 30 days in advance, with no vote required
c.Approval by a majority vote of the fund's outstanding shares
d.SEC approval, but no shareholder involvement
解析
A change in a fundamental investment objective or policy is reserved to shareholders and requires a majority vote of outstanding voting securities. Investors bought into a stated strategy, so the board alone cannot redirect their money. Notice without a vote and SEC approval without shareholder input both bypass the required shareholder franchise.
法律依据: Investment Company Act of 1940免费刷完整 110 道题库 — 无需注册。
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