Which Factors Are Considered in Calculating a Mutual Fund's Expense

question 46

Multiple Choice

Which factors are considered in calculating a mutual fund's expense ratio?

• A)Fees paid to the fund's investment manager
• B)Recordkeeping,accounting,and auditing fees
• C)Custodial services,taxes,and legal fees
• D)All options are correct.

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Definitions:

Financial Situation

An individual's or organization's condition regarding their monetary assets, liabilities, income, and expenses, which can influence their ability to secure loans, make investments, or manage daily operations.

Budget

A financial plan for a defined period, often a year, that allocates future personal income towards expenses, savings, and debt repayment.

Academic Advisor

A staff member at an educational institution who helps students plan their academic careers by offering advice on courses, programs, and other educational matters.

Government Legislation

Laws or statutes that have been passed and enacted by a governmental body such as a parliament or congress.