Suppose a fund had $200 million in assets, $20 million in liabilities, and 20 million shares outstanding. What are the net assets of the fund and its NAV?
What are the main types of service providers to a mutual fund, which has a board of directors but usually no employees?
What is the unique procedure available to fund shareholders for challenging a fund adviser’s management fees as excessive? What factors do courts use in determining excessive fees?
What are the critical differences between mutual funds and closed-end funds? Why do you think closed-end funds have declined in popularity relative to mutual funds?
How are exchange-traded funds (ETFs) and unit investment trusts (UITs) different from index mutual funds, and from each other?