Mutual Funds Quiz - Test your mutual funds investing knowledge

Mutual Funds Quiz

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Question 1: A non-capped mutual fund is:
A mutual fund with no limit on the annual operating expenses charged to shareholders.
A fund that combines both equity and fixed-income products to provide investors both capital protection and capital appreciation.
A mutual fund that comes with a sales charge or commission.
A mutual fund targeting high value investors with low fees, but high minimum requirements.

Question 2: A fee or charge assessed to an investor for withdrawing money prior to a previously stipulated date is known as:
Exit fee
Redemption fee
Contingent deferred sales charge
All of the above

Question 3: B-Share Mutual Funds:
Are characterized by a front-end load structure.
Have a constant load structure throughout the life of the fund.
Are characterized by a back-end load structure that is paid only when the fund is sold.
Are also known as no-load funds.

Question 4: Each share of a Standard & Poor's depositary receipt trades at roughly:
One thousandth of the dollar-value level of the S&P 500.
One hundredth of the dollar-value level of the S&P 500.
One tenth of the dollar-value level of the S&P 500.
The dollar-value level of the S&P 500.

Question 5: Ultra ETFs aim is to achieve:
twice or three times the daily return
one and a half times the daily return
three or four times the daily return
ten times the daily return

Question 6: Y Share Mutual Funds:
can be owned by employees of the fund's management company
are made up of a mix of value and growth stocks
usually have a high minimum investment
none of the above

Question 7: A Crossover Fund is an investment fund:
That has investment holdings in multiple countries.
That has investment holdings in relatively large number and variety of common stocks.
That has investment holdings in both public and private equity.
All of the above.

Question 8: A beta of a mutual fund is 1.15 is theoretically:
1.15% less volatile than the market
15% less volatile than the market
1.15% more volatile than the market
15% more volatile than the market

Question 9: The Morningstar Risk Rating measures?
How often a fund loses money compared to the risk-free rate of return (T-bill return).
How often a fund makes money compared to the risk-free rate of return (T-bill return).
How often a fund makes money compared to the S&P 500 return.
None of the above

Question 10: Mutual funds are considered no- load if the 12-b fees don't exceed:
.15%
.2%
.25%
.5%

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