__ 2.) Mutual funds are bought and sold at the end of the day at net asset value. 3.) 12b1 fees are one-time charges for mutual fund advertising. 4.) A higher R2 implies that the fund is not simply indexing but is actively managed. 5.) ETF prices can diverge significantly from their net asset value. 6.) One benefit of index ETNs is that ETNs hold every asset in the index they are tracking. 7.) Investors should place active mutual funds in taxable accounts. 8.) A mutual fund with a 3 -star Morningstar ranking is in the top 33% of all funds. 9.) You only pay capital gains taxes when you sell an ETF for a profit. 10.) ETNs have high tracking error and low credit risk compared to similar ETF5. 11.) Some existing mutual funds may be closed to new investors. 12.) Passively managed funds usually have higher fees and taxes. 13.) An equity-index annuity might have a defined minimum and maximum level of return. 14.) A mutual fund portfolio turnover of 120% is not possible. 15.) The mutual fund investor pays the capital gain taxes incurred by the mutual fund. 16.) For cash-based money market funds, the NAV is fixed at $1 per share. 17.) Mutual funds are a good investment vehicle to use for market timing- 18.) ETFs that follow a large index, such as the Wilshire 5000 , will often use sampling