Mutual Funds. Objectives. WHAT IS A MUTUAL FUND? HOW DO MUTUAL FUNDS OPERATE? HOW MUCH DOES MUTUAL FUND INVESTING COST? HOW SHOULD MUTUAL FUND PERFORMANCE BE EVALUATED? WHAT ARE OTHER TYPES OF INVESTMENT COMPANIES?. What is a Mutual Fund?.
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A MUTUAL FUND IS AN INVESTMENT COMPANY THAT SELLS SHARES REPRESENTING AN INTEREST IN A PORTFOLIO OF SECURITIES.
Fund A: Annual operating
expenses equal .75%.
Fund B: Annual
End of Year
EVALUATING FEES AND EXPENSES
DIFFERENCES IN ANNUAL OPERATING EXPENSES
UNMANAGED PORTFOLIO OF A SPECIFIC TYPE OF SECURITY; INVESTORS PURCHASE UNITS.
MANAGED PORTFOLIO OF SECURITIES WITH A FIXED NUMBER OF SHARES OUTSTANDING.