Chapter 9 preview
Chapter 9: Investment Companies
Chapter 9 covers investment companies: open-end mutual funds (priced at NAV, redeemed by the fund), closed-end funds (traded on an exchange, price differs from NAV), UITs (fixed portfolios), and ETFs (exchange-traded, priced intraday). Know NAV calculation, the three mutual fund share classes (A, B, C), breakpoints, the 12b-1 fee, and the letter of intent. ETFs trade intraday; mutual funds price once daily.
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Core pooled-product chapter
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Chapter summary
Investment Companies
Chapter 9 covers investment companies: open-end mutual funds (priced at NAV, redeemed by the fund), closed-end funds (traded on an exchange, price differs from NAV), UITs (fixed portfolios), and ETFs (exchange-traded, priced intraday). Know NAV calculation, the three mutual fund share classes (A, B, C), breakpoints, the 12b-1 fee, and the letter of intent. ETFs trade intraday; mutual funds price once daily.
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Key concepts
- Types of Investment Companies
- Types of Mutual Funds
- Buying and Selling Mutual Fund Shares
- Other Types of Investment Companies
- Types of Investment Companies
- Types of Mutual Funds
- Buying and Selling Mutual Fund Shares
- Other Types of Investment Companies
- Identify the three types of investment companies: open-end (mutual fu...
- Distinguish between management companies (actively managed) and unit...
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