6. The process of selecting a mutual fund Jonas, a 22-year-old recent college graduate, recently received $1,000 from his grandmother. He plans to make additional monthly deposits of $300, with the goal of saving enough to buy a home within 15 years. The following statements represent the different things Jonas must consider before choosing a mutual fund (not in the correct order). Complete each statement by choosing the appropriate words or phrases, and then indicate which step in the process of choosing a mutual fund it reflects. The Process of Selecting a Mutual Fund Jonas does not want to take on the excessive risk associated with aggressive growth funds, but also wants higher returns than those offered by the extremely low-risk Step funds. Jonas's goal is to invest the money such that it will provide the means to make a down payment on a home in 15 years. He hopes for a return of 7-8%. Step Because he is not going to need the money for 15 years, Jonas can choose Step investment policy. After establishing his portfolio, Jonas will his funds. to monitor the performance of Step Jonas is comfortable researching funds on the Internet and perhaps consulting a professional once the value of his investments has grown; therefore, he decides not to seek out professional advice at this time. Step Jonas uses Vanguard's fund screener to compare past performance, ratings, and services of different funds that meet his basic objective criteria. Because he knows that funds with loads Step: he Step: funds with loads.