A No-Load Fund Imposes a Substantial Sales Charge and Sells

question 15

True/False

A no-load fund imposes a substantial sales charge and sells shares at their NAV.

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Definitions:

Governmental Agency

An organization established by a government to administer specific legislation and carry out public policies.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of the shareholders or owner.

Net Income

The net income a company earns once all costs and taxes are subtracted from the total revenues.

Investments

Assets purchased with the expectation that they will generate income or appreciate in value over time.