D Question 9 Assets minus liabilities expressed on a per- share basis Select the terms that best match the brief descriptions. These terms were covered in the lecture and/or in the assigned reading related to the lecture on funds. Money pooled from many investors that is invested in a portfolio fixed for the life of the fund. A fund that issues or redeems its shares at net asset value A private investment pool, open to wealthy or institutional investors, that tends to have less SEC regulation than mutual funds and often pursues more speculative policies than mutual funds Annual fees charged by a mutual fund to pay for marketing and distribution costs. [Choose ] [Choose ] [Choose ] [Choose ] ETF [Choose ] 2.5 pts 1/8