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Assume a Mutual Fund Is a Pure No-Load Fund

question 82

Multiple Choice

Assume a mutual fund is a pure no-load fund. Which of the following costs should an investor still expect to incur?
I. contingent deferred sales charge
II. management fee
III. trading costs
IV. redemption fee


Definitions:

Federal Taxes

Taxes levied by the federal government on income, investments, and goods and services, which fund national programs and services.

State And Local Taxes

Taxes levied by individual states and localities, which can include income, sales, property, and other types of taxes.

Broad-Based Taxes

Taxes imposed on a wide range of products, services, or income sources, rather than targeting specific items or activities, designed to spread the tax burden.

Partial Taxes

involve taxation on specific goods, services, or transactions, as opposed to broad-based taxes.

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