QUESTION 2

1. Which of the following is not an investment company?

   		a. Closed-end fund.
   		b. ETF.
   		c. UIT.
   		d. CMO.

Assets invested in mutual funds may be invested in equity, hybrid, fixed income, or money market funds. What percent of the total mutual fund assets is invested in equity mutual funds at the end of 2017?

		a. Between 20% and 40%.
		b. Between 40% and 60%.
		c. Between 60% and 80%.
		d. Over 80%.