Chapter 13 Personal Finance

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Across
  1. 3. The current market value of the securities contained in the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding. abbreviation)
  2. 7. A service provided by an investment company in which shareholder income dividends and capital gain distributions are automatically reinvested to purchase additional shares of the fund.
  3. 9. A mutual fund in which investors pay a commission (as high as 8 1/2 percent) every time they purchase shares.
Down
  1. 1. The payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio.
  2. 2. All the different management fees and fund's operating costs.
  3. 4. A fee that an investment company levies to defray the costs of advertising and marketing a mutual fund.
  4. 5. The earnings a fund pays to shareholders from its dividend and interest income.
  5. 6. An investment chosen by people who pool their money to buy stocks, bonds, and other financial securities selected by professional managers who work for an investment company.
  6. 8. A mutual fund in which the individual investor pays no sales charge.