An All-equity structure and the Self-liquidating property of Open End Mutual funds ensure all of the following benefits to their shareholders, except:

a, Investors are able to redeem their holdings of the fund at a price equal to the NAV - Redemption fee.

b, Investors are able to get high distributions compared with investing a portfolio of Equities OR FIS

c, The NAV of the fund is essentially based on the value of the holdings at the close of a business day.

d. Investors have a lower risk investment compared with a Closed End fund that allows leverage and/or short positions

e. Investors are able to buy into the fund a cost equal to the NAV + the purchase fee.

Investors are able to buy into the fund a cost equal to the NAV + the purchase fee.