Which One of the Following Statements About Returns Reported by Mutual

question 21

Multiple Choice

Which one of the following statements about returns reported by mutual funds is not correct?

• A) Reported returns are net of management expenses
• B) Reported returns are net of 12b-1 fees
• C) Reported returns are net of brokerage fees paid on the fund's trading activity
• D) Reported returns are net of load charges

---

Definitions:

Proximal Convoluted Tubule

The portion of the nephron in the kidney responsible for the reabsorption of water, ions, and all organic nutrients.

Filtrate

Liquid that has passed through a filter—for example, fluid that enters the nephron through the filtration membrane of the glomerulus.

Sympathetic Stimulation

Activation of the sympathetic nervous system, which increases heart rate, blood pressure, and energy availability, preparing the body for action.

GFR

Glomerular Filtration Rate, a measure of the rate at which the kidneys filter blood, used to assess kidney function.