List Three Functions of Play Identified in Your Text

question 90

Short Answer

List three functions of play identified in your text.

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Definitions:

Sales Load

A fee charged for the purchase or sale of shares in a mutual fund, often used to compensate brokers.

12b-1 Charge

A 12b-1 Charge is a fee assessed by mutual funds to cover marketing, distribution, and service expenses, included as part of the fund's operating expenses.

Unit Investment Trust

An investment company that offers a fixed portfolio of stocks, bonds, or other securities, which is typically unmanaged, to investors for a specific period of time.

Fixed Portfolio

An investment strategy where the asset allocation is set for the long term and is not adjusted in response to market conditions.