MENU
On which of the following items do mutual fund shareholders get to vote?
i. any change in the investment objective of the fund
ii. the election of a new investment adviser
iii. the renewal of the fund's 12b-1 fee
IV. the purchase or sale of real estate by the fund
Suggested Answer: B
Get Premium Series-6 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
A broker dealer is required to file a Currency Transaction Report with the Treasury Department for any cash transaction exceeding $10,000. The report does not need to be filed if the transaction simply has a market value of $10,000, but does not involve cash (aka, currency.)
36 comments · newest first
JE
Jeannetta
11 months ago
Yep, I think it's I, II, and III for sure!
MA
Marcos
11 months ago
I thought we only voted on major changes, not fees.
SA
Salena
12 months ago
Wait, do we really get to vote on 12b-1 fees?
DI
Dick
12 months ago
Definitely agree with that!
ME
Merilyn
1 year ago
Shareholders vote on changes to investment objectives and adviser elections.
AI
Aileen
1 year ago
I feel like I should go with option C, but I'm not completely confident about the 12b-1 fee. It seems important, but I can't recall if it requires a vote.
TO
Toi
1 year ago
I think we had a practice question that mentioned voting rights, and I remember real estate being a significant decision for shareholders.
DE
Delisa
1 year ago
I'm a bit unsure about the 12b-1 fee. Did we cover if shareholders vote on that? It feels like something they might have a say in.
RE
Ressie
1 year ago
I remember studying that shareholders typically vote on major changes, so I think I should include the investment objective and adviser.
DO
Dottie
1 year ago
Wait, I'm a little confused. Do mutual fund shareholders really get to vote on all of these things? I'll need to double-check my understanding of the rules around shareholder voting.
ZA
Zack
1 year ago
Ah, this is a good one. I remember learning about mutual fund shareholder voting in my finance class. I'm pretty confident I can nail this question.
RO
Rosendo
1 year ago
Okay, I think I've got this. The key is to identify which fund decisions require a shareholder vote. I'll go through the options methodically to determine the right answer.
MA
Maybelle
1 year ago
Hmm, I'm a little unsure about this one. The options cover a range of potential fund decisions, so I'll need to make sure I understand the details of each one before selecting the right answer.
DA
Daron
1 year ago
This seems like a straightforward question about mutual fund shareholder voting rights. I'll carefully review each option and think through which ones are correct.
LE
Leatha
1 year ago
Hmm, I'm a bit confused by the terminology here. I'll need to review my notes on ACI and external network integration to make sure I understand the right approach.
SH
Shaniqua
1 year ago
I dunno, this question seems a bit fishy to me. I bet the fund manager is trying to catch us out with some obscure rule about shareholder voting. Hmm, maybe I'll go with B just to be safe.
PH
Phuong
1 year ago
User 3: I agree with Phuong, I'll go with C as well.
LO
Lourdes
1 year ago
User 2: I'm not so sure, I feel like it might be C, let's think about it.
LE
Leota
1 year ago
User 1: I think the answer is A, we get to vote on all those things.
GR
Grover
2 years ago
Haha, the fund manager must be trying to trick us with this one. I bet the answer is A, just to keep us on our toes!
LU
Lucia
1 year ago
I'm sticking with A, I think you're both wrong.
LE
Leonida
1 year ago
I'm sticking with A, I have a feeling it's the right choice.
AL
Alita
1 year ago
No way, I'm pretty sure it's B.
MO
Mozell
1 year ago
No way, it has to be C. Trust me on this one.
LI
Linwood
1 year ago
I think the answer is actually B, not A.
MA
Major
1 year ago
I think the answer is actually C, not A.
MA
Madonna
2 years ago
This question is a piece of cake! The answer is clearly C. Shareholders don't get to vote on the purchase or sale of real estate by the fund, so that one's out.
MI
Misty
2 years ago
I believe they also get to vote on the renewal of the fund's 12b-1 fee.
GL
Glendora
2 years ago
I agree with Norah, they also get to vote on the election of a new investment adviser.
EL
Elly
2 years ago
I'm a little unsure about this one. I think the answer might be A, but I'm not totally confident. Maybe I should review the material on mutual fund shareholder voting rights again.
HY
Hyman
1 year ago
I'll definitely review the material on mutual fund shareholder voting rights to make sure I understand it better.
NA
Natalie
1 year ago
Yes, that's correct. It's important for shareholders to have a say in those decisions.
TI
Tiffiny
1 year ago
I think you're right, mutual fund shareholders get to vote on all of those items.
GE
Geoffrey
2 years ago
A) I, II, III, and IV
VA
Van
2 years ago
Hmm, this seems straightforward. I'm pretty sure the correct answer is C, since shareholders get to vote on changes to the investment objective, the election of a new investment adviser, and the renewal of the fund's 12b-1 fee.
NO
Norah
2 years ago
I think mutual fund shareholders get to vote on changes in investment objective.