Weighted-Average Maturity (WAM)is a Measurement of

question 56

Multiple Choice

Weighted-average maturity (WAM) is a measurement of

• A)how old,on average,the assets are in a fund.
• B)how long,on average,the assets are held in the fund.
• C)the length of time until the average security in a fund will mature or be redeemed by its issuer.
• D)the average tenure of the mutual fund's money managers.

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Definitions:

Personal Skill

Individual abilities or talents that contribute to performing tasks or jobs effectively, often developed through experience and training.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Third-Party Beneficiary

An individual or entity that benefits from the terms of a contract, despite not being one of the principal parties involved in the agreement.

Incidental Beneficiary

A third party who unintentionally benefits from a contract made between two other parties, without having any enforceable rights under that contract.