Question

Mutual fund expense ratios include all of the following except? a. Management fees. b. 12b-1 fees....

Mutual fund expense ratios include all of the following except?

a. Management fees.

b. 12b-1 fees.

c. Operating expenses.

d. Investment losses.

Which of the following is not an investment company?

a. Closed-end fund.

b. ETF.

c. UIT.

d. CMO.

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Answer #1

Loss is a diminution is value. It is not considered as expense. Only real expenses are reconsidered in expense ratio.

Hence, correct option is d. Investment losses.

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