Asked by Reanna Stoops on May 17, 2024
Verified
The SEC requires funds to disclose:
I. After-tax returns for the past year
II. After-tax returns for the last 5-year period
III. The tax impact of portfolio turnover
A) I only
B) I and II only
C) I and III only
D) I, II, and III
SEC
The Securities and Exchange Commission, a U.S. regulatory agency responsible for enforcing federal securities laws and regulating the securities industry.
After-tax Returns
The profit realized from an investment after all applicable taxes have been subtracted.
Portfolio Turnover
A measure of how frequently investments are bought and sold within a portfolio during a specified period of time.
- Understand the fiscal impacts and prospective tax responsibilities connected to investing in mutual funds.
- Learn about the Securities and Exchange Commission's regulatory mandates and necessary disclosures for mutual funds.
Verified Answer
Learning Objectives
- Understand the fiscal impacts and prospective tax responsibilities connected to investing in mutual funds.
- Learn about the Securities and Exchange Commission's regulatory mandates and necessary disclosures for mutual funds.
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