Mutual Fund Returns May Be Granted Pass-Through Status If ________

question 45

Multiple Choice

Mutual fund returns may be granted pass-through status if ________.

• A) virtually all income is distributed to shareholders
• B) the fund qualifies for pass-through status according to the U.S. tax code
• C) the fund is sufficiently diversified
• D) All of these options (All of the answers must be true for pass-through status to be granted.)

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Definitions:

Tetralogy of Fallot

A congenital heart defect comprised of four anatomical abnormalities of the heart, affecting normal blood flow through the heart.

Pulmonary Blood Flow

The circulation of blood from the heart to the lungs and back, for the purpose of gas exchange.

Tricuspid Atresia

A congenital heart defect where the tricuspid valve between the right atrium and right ventricle fails to develop.