Which of the following statements regarding mutual funds is true?
A)the custodian can also be the transfer agent
B)the sponsor receives a management fee based on the fund's total assets
C)the terms "management company" and "investment advisor" are interchangeable
D)the management company receives a portion of the sales load for managing the fund assets

Question

Quizplus · Accepted Answer

the custodian can also be the transfer agent. This has become increasingly common. None of the other choices are correct.

Which of the Following Statements Regarding Mutual Funds Is True