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Discuss both Justinian's failures and his successes. Provide specific examples of each.
NAV
Net Asset Value; the per share market value of a fund's assets minus its liabilities.
Equity Funds
Investment funds that predominantly hold stocks or equities in their portfolios.
Index Funds
Mutual funds or ETFs designed to replicate the performance of a specific market index, such as the S&P 500, by holding the same stocks in the same proportions.
Front-end Load
A charge or fee paid by an investor at the time of purchasing shares of a mutual fund or an investment, typically used to cover sales commissions.
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