Mutual Funds & ETFs flashcards

30 cards on mutual funds & etfs for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:

• A fund that continuously issues and redeems its own shares is called ＿＿＿Answer inside
• A fund's assets minus liabilities, divided by shares outstanding, equals its ＿＿＿Answer inside
• Which trades at a market price rather than at net asset value: an open-end fund or a closed-end fund?Answer inside
• What is the price a customer pays to buy open-end fund shares called?Answer inside
• A sales charge paid at the time of purchase is which kind of load?Answer inside