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.

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Definitions:

Drawer

In banking, the person who writes or creates a check. In the context of furniture, it is a sliding storage compartment.

Universal Defense

A defense that is valid against all holders of a negotiable instrument, including holders in due course (HDCs) and holders with the rights of HDCs. Universal defenses are also called real defenses.

Personal Defense

Legal defenses that a defendant may use in a court of law to challenge the validity of a claim based on personal circumstances or conditions.

Agency Status

The condition of being an agent who is legally authorized to act on behalf of another person or entity, often subjected to specific responsibilities and liabilities.