Characteristic of mutual funds

Characteristics of Open$-$End Mutual Funds

Open$-$end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply.

Many allow holders to purchase additional shares in increments as small as $$50.$

Allow shareholders to comvert shares to other funds within fund families for small or no fees.

Not traded on exchanges.

Easy to set up but difficult to manage $($in terms of paperwork and taxes$).$

Issue fixed numbers of shares upon their creation and none afterwards.

Some investment companies have products that are similar in many ways to open$-$end funds$-$with differences that can make them desirable for investors. Eirs are a special kind of$($open or close end$)$ fund that invests in a portfolio structured like an indexed fund, but is$($managed more actively or traded on exchanges$)$