Which is a characteristic of open-ended mutual funds?

A. Shares trade throughout the day

B. There is a limit to the size of the fund

C. Investors typically hold fractions of shares

D. They are tied to a stock index and not actively managed

Which is one major advantage of Mutual Funds?

A. They have very low fees

B. You have a fund manager so you do not need to constantly monitor your investments

C. You can pick the companies you invest in

D. You get more dividends than if you held the underlying stock

What is a disadvantage of Mutual Funds?

A. It is hard to diversify your portfolio using mutual funds

B. It costs a lot more in commissions than buying individual stocks

C. Mutual funds can have maintenance fees regardless of fund performance

D. Mutual funds are not actively managed by a professional

What is one difference between Mutual Funds and ETFs?

A. Mutual Funds can hold more than just stocks

B. Mutual Funds make it easier to diversify

C. Mutual Funds are always easier for taxes

D. Mutual Funds cannot be day-traded