1.___ (options are)

-open-end

-closed-end

2.____ (options are)

-is not

-is

3.____(options are)

-are not

-are

2. Urdu-standing the difference hwuen opal-end and closed-end flllds M Ag 3 Cat eg on rizing Mutual Funds For ead'l ofthe following statements regarding rnutu al funds, indicate whed'ler it is the of open-end, closed-en d, or both open and closed-end funds. Open-End Funds ClosedEnd Funds Inyestors non'n ally buy and sell shares in this I: El fund directly from or to the fund ilself as opposed to buying them from or selling them to other investors. These funds do not issue new shares in El D response to dern and. Transattims in this type of fund are usually [I [I carried out at a disoaunt or premium to the underlying net asset 1.Ialue of the fund's portfolio. From the table you can see that rnutu a| funds can be broken down broadly aooording to the fund's organization. The term mutual fluid usually refers to funds, but, on a practical basis, it refers to both open- and closed-end funds. Exd1ange traded funds [ErFs]u are a particular kind of mutual fund that has eharatten'sb'cs of ppm-end funds in that the number of shares xed, but they are similar toclnsed-erid funds because the shares publidy traded