Which one of the following statements about returns reported by mutual funds is

ID: 2648830 • Letter: W

Question

Which one of the following statements about returns reported by mutual funds is not correct?

a. Reported returns are net of management expenses.

b. Reported returns are net of 12b-1 fees.

c. Reported returns are net of brokerage fees paid on the fund's trading activity.

d. None of these options. (All of the items are included in reported returns.)

a. Reported returns are net of management expenses.

b. Reported returns are net of 12b-1 fees.

c. Reported returns are net of brokerage fees paid on the fund's trading activity.

d. None of these options. (All of the items are included in reported returns.)

Option D-All of the items are included in reported returns.

Management expense comes under management fee that is a part of annual operating expense

12b-1 fee, marketing/distribution fee that is charged against the fund

Brokerage fees also comes under operating expenses

The Net Asset Value of Mutual fund all reported after deduction all expenses

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