Which One of the Following Is a General Characteristic of a Tax-Managed

question 7

Multiple Choice

Which one of the following is a general characteristic of a tax-managed fund?

• A)low turnover rate
• B)concentration on income-producing securities
• C)high level of realized capital gains
• D)higher trading costs than average funds
• E)matching of dividend income to capital gains

---

Definitions:

Ostracized

The act of excluding or ignoring someone from a social group, leading to feelings of isolation and rejection.

Strangers

Individuals who are unknown or unfamiliar to one another, often lacking personal interaction or acquaintance.

Rejection Sensitivity

A tendency to expect rejection from others and to become hypersensitive to possible rejection.

Emotional Rejection

The feeling of being denied or dismissed in an emotional or relational context.