When investing in a mutual fund you should understand that past returns are not indicative of future returns.

True

False

Invesco Charter A tracked the S&P 500 through the early 2000s, then outperformed during the bear market of 2008-09. The gains it achieved over the S&P 500 in 08-09 had disappeared by 2014. This is not unusual as studies show that funds tend to over-perform in bear markets and under-perform in bull markets.

True

False

You should always begin your search for the perfect mutual fund by looking at five-star funds!

True

False