Across
- 2. Portfolio of zero coupon bonds, purchased at discount, redeemable at maturity, no int pd prior to maturity, taxed each year, set up by portfolio manager, is not actively managed once set up, do not contain equity
- 5. funds must register with the SEC
- 11. Nav plus Sc equals pop, (described in prospectus) cannot be sold at a discount from the POP
- 12. Mutual fund can do this only from a bank, with shareholdsers approval
- 14. Voting and receiving dividends when declared by BOD
- 15. Fund must redeem shares, ex-dividend date
- 16. Publicly traded, diversified or non diversified
- 18. Consist of a portfolio of bonds
- 19. purchased at face value, not managed after it is set up by a portfolio mgr. do not pay mgt fee, redeemable by the issuer, pay investors principal and interest
Down
- 1. Open end and closed end investment companies
- 3. Not a full prospectus, can be used to makes sales, all info needed for investors to make a decision
- 4. State of additional information, distributed by the u/w upon request if an invetor wants info, not found int he full prospectus
- 6. to assets ratio, 33% 1:3
- 7. Mutual funds, diversified or non-diversified
- 8. Uits, contractual plans consist of a portfolio mutual funds
- 9. to debt ratio 300%, 3:1
- 10. Must be given to a prospective customer before or a the time of primary offering only, information for investors to make prudent decison
- 13. Asset to debt ration minimum 300%
- 17. For stocks is 2 business days prior to the record date and is set by FINRA or the exchange