To Determine the Actual Objective of a Fund, You Should

question 98

Multiple Choice

To determine the actual objective of a fund, you should primarily refer to the:

• A)fund's objective statement.
• B)fund's prospectus.
• C)portfolio holdings.
• D)sales literature.
• E)portfolio manager's comments in the annual report.

---

Definitions:

Constant Pressure

A condition or process in which the pressure remains unchanged over time.

Equilibrium

A state in which opposing forces or influences are balanced, often referring to chemical reactions reaching a state where the rates of the forward and reverse reactions are equal.

Products

The substances that result from a chemical reaction.

Reactants

Materials that exist at the beginning of a chemical reaction and are used up to produce end products.