1. The name of the professor who teaches this class is Dr. Trucker? True False

2. John Jack Bogle created the investment company Vanguard?

True False

3. The value of all mutual funds in the United States as of 2016 is $16.30 trillion.

True False

4. Shares of a closed-end fund trade on an exchange, just like stocks. True False

5. Exchange-traded funds (ETFs) are similar to index mutual funds, but they trade on stock exchanges like common stock. True False

6. The prospectus is designed to provide a broad overview of the mutual fund, but is not required to disclose its investment focus or the investment style that it represents. True False

7. Mutual funds are regulated by the Unites States Treasury Department.

True False

8. The smart investor will compare the portfolio of a mutual fund to its stated objectives. True False

9. Many financial advisors recommend that investors invest in mutual funds with an expense ratio of 1.00% or lower. True False

10. The intent of dollar-cost averaging is to avoid buying high and selling low. True False

11. Good performance by a mutual fund in the past is highly indicative of good performance in the future. True False

12. Closed-end funds have a fixed number of shares; open-end funds do not. True False

13. Morningstar Mutual Fund Survey is considered one of the leading authorities on mutual fund performance. True False

14. On average, active mutual funds with fund managers making their own stock and bond picks tend to outperform the market over the long run. True False

15. Load funds, which charge a commission, generally perform better than no-load funds. True False

16. Load mutual funds outperform no-load funds. True False