1)

Which of the following is not an advantage of owning ETF shares over mutual fund shares?

Group of answer choices

better ability to manage taxes due

lower risk

higher liquidity

more flexibility

2)

A decrease in the index that an ETF's portfolio tracks [....] the ETF's NAV.

Group of answer choices

does not change

increases

decreases

3)

What is not an advantage of using mutual funds versus individual securities (e.g., stocks, bonds, etc.)?

Group of answer choices

Professional management.

Federal Mutual Fund Insurance (FMFI).

Liquidity

Ease of access or purchase.