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12 Cards in this Set
- Front
- Back
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Types of investment companies
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Face Amount Certificate Company
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The investment company with a fixed portfolio with no management fees,redeemable.
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Unit Investment Trust
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Two types of Managment Companies.
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Open-end
Closed-end |
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The type of management company that:
- Continously offer shares - Pricing based on NAV - May only issue common stock - Prospectus always required - Sold only OTC - Purchase for cash only - Must redeem at NAV |
Open-end (Mutual Funds)
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The type of management company that:
- Continously offer shares - Pricing based on NAV - May only issue common stock - Prospectus always required - Sold only OTC - Purchase for cash only - Must redeem at NAV |
Open-end (Mutual Funds)
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Management Company
- One time offering - Pricing based upon supply and demand. - May issue common, preferred and bonds. - Prospectus only on primary offering. -May be listed on an exchange -May be on margin -Do not redeem shares |
Closed-end
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NAV is short for?
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Net Asset Value
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The ask price is made up by the ________ plus the ______ ________ or (_______).
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NAV
Sales Charge or (Load) |
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A _____________ investment company must distribute at least ____% of net investment income (Div&Int)
nad ______% of capital gains. Any remaining is taxable to company. |
Regulated
90% 90% |
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A ________ _______ company must invest _____% a certain way.Remaining ____% may be invested in any mannor.
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Diversified Management Company
75% 25% |
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A Contractual Plan that:
- sales charges of 50% of first year's payments. - 9% of total payments (there after life) |
Front-end load plan
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The _________ _______ plan sales charges are ____% of each individual payment, ___% of first 48 payments then ___% of total payments (life)
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Spread load plan
20% 16% 9% |
