Investments, tenth edition

End of Chapter Material  87–91

CHAPTER 4

Mutual Funds and Other Investment 

Companies 92

 4.1 

Investment  Companies 

92

 4.2 

Types of Investment Companies  93

Unit Investment Trusts / Managed Investment Companies / 

Other Investment Organizations

Commingled Funds / Real Estate Investment Trusts 

(REITs) / Hedge Funds

 4.3 

Mutual  Funds 

96

Investment Policies

Money Market Funds / Equity Funds / Sector Funds / 

Bond Funds / International Funds / Balanced Funds / 

Asset Allocation and Flexible Funds / Index Funds

How Funds Are Sold

 4.4 

Costs of Investing in Mutual Funds  99

Fee Structure

Operating Expenses / Front-End Load / Back-End 

Load / 12b-1 Charges

Fees and Mutual Fund Returns

 4.5 

Taxation of Mutual Fund Income  103

 4.6 

Exchange-Traded  Funds 

103

 4.7 

Mutual Fund Investment Performance: A First Look  107