MFL205 Recap

NAV is the price at which a mutual fund may be bought/sold.

• True

• False

The Lock-in period means the investors cannot sell their investments during this period of time.

• True

• False

The lock-in period induce stability in the fund.

• True

• False

Institutional shares are a class of mutual fund shares that are available for Institutional investors.

• True

• False

Institutional investors make investments on behalf of the clients.

• True

• False