Contingent Deferred Sales Loads Generally

question 130

Multiple Choice

Contingent deferred sales loads generally:

• A)apply until the shares you own are in the fund for 10 years or more.
• B)apply regardless of how long your shares have been invested.
• C)increase as the length of time you have been in the fund increases.
• D)decline gradually until there is no withdrawal fee if you own the shares for more than five years.
• E)apply only for the first year funds are invested.

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Definitions:

Spongin

A fibrous protein that makes up the skeleton of many sponges.

Spicules

Small, spike-like structures found in various organisms, such as sponges and some animals, serving as structural supports or defense mechanisms.

Invertebrate Animals

Animals lacking a vertebral column, including species such as insects, mollusks, and crustaceans.

Protistan Ancestors

Refers to the early eukaryotic organisms from which modern protists, and indirectly all eukaryotic life, are believed to have descended.