Aggregation Shows That the Whole Object Is Composed of the Sum

question 14

True/False

Aggregation shows that the whole object is composed of the sum of its parts.

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Definitions:

Front-end Load

A sales charge or commission paid by an investor at the initial purchase of mutual fund shares, usually used to compensate brokers or sales agents.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

Portfolio Turnover

A measure of how frequently assets within a portfolio are bought and sold by the manager over a specific period.

Front-end Load

A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.