In the Wall Street Journal's Listing of Mutual Funds,a "T

question 42

Multiple Choice

In the Wall Street Journal's listing of mutual funds,a "t" after the mutual fund name and before the NAV means that the particular mutual fund has a ____ associated with it.

• A) front-end load
• B) back-end load
• C) 12b-1 fee
• D) management fee
• E) b and c

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Definitions:

Personal Use

Use of an asset for private, non-business purposes by an individual or family.

Flow-Through Entity

A business entity where income flows directly to investors or owners, avoiding corporate income tax.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Sole Proprietorship

A sole proprietorship is a type of unincorporated business owned and operated by one individual, with no distinction between the business and the owner for legal and tax purposes.