37) Which of the following would be found in a mutual fund's prospectus?

A) Statement describing the risk factors associated with the fund

B) Description of the fund's past performance

C) Information about the fund's management

D) The process for buying and selling shares in the fund

E) All of these would be found in a prospectus.

29) Which of the following is an advantage of an exchange-traded fund?

A) No minimum investment amount

B) Buy and sell shares through a securities exchange at any time during the business day

C) Lower management fees than closed-end or open-end funds

D) Using limit orders to both buy and sell

E) All of these are advantages of ETFs.

26) Many investors will access a fund's ________ by using the internet. It includes a letter from the fund's independent auditors that provides an opinion as to the accuracy of the fund's financial statements.

A) annual report

B) 12b

C) annual prospectus

D) annual summary report from the president of the investment company

E) copy of the annual mutual funds report containing a summary of the professional advisory services comments