1 mutual fund returns are normally higher than market average return

2 its shareholder
3 fund shares outstanding are fixed at the issue date
4 its shareholders
5 owns the mutual fund
6 owns the mutual fund
7 growth fund
8 income fund
9 municipal bond fund
small-cap growth fund
10
11 money market mutual fund
12 12b-1 fees
13 12b-1 fees
14 5 percent front-end load
trading costs
15
16 Mutual funds are owned by fund shareholders. A fund is run by the fund manager, who is
hired by the fund’s directors. The fund’s directors are elected by the shareholders

20 33.3333333333333
21 7.48%
22 NAV= 54.6
MARKET VALUE 682.5