Mutual Funds Administration Overview UPDATED Exam Questions And CORRECT Answers
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Course
Mutual Funds Administration
Institution
Mutual Funds Administration
Mutual Funds Administration Overview
UPDATED Exam Questions And
CORRECT Answers
Mutual Fund Organization - CORRECT ANSWER- Describes the formation and components
of mutual funds
Trust vs. Corporation - CORRECT ANSWER- Distinguishes between mutual fund structures
as trusts or corporations
U...
Mutual Funds Administration Overview
UPDATED Exam Questions And
CORRECT Answers
Mutual Fund Organization - CORRECT ANSWER- Describes the formation and components
of mutual funds
Trust vs. Corporation - CORRECT ANSWER- Distinguishes between mutual fund structures
as trusts or corporations
Unitholders - CORRECT ANSWER- Investors in a mutual fund trust, distinct from
shareholders in a corporation
Investment Fund Manager - CORRECT ANSWER- Responsible for managing fund
investments and day-to-day operations
Portfolio Manager - CORRECT ANSWER- Makes investment decisions, purchases
securities, and determines asset mix
Custodian - CORRECT ANSWER- Safeguards fund cash and securities, manages income,
and ensures separation from management
Distributor - CORRECT ANSWER- Markets and sells fund units, handles investor sales and
redemption requests
Mutual Funds Complex - CORRECT ANSWER- Group responsible for daily fund
operations, including investment strategy and asset safekeeping
Market Share of Mutual Fund Assets - CORRECT ANSWER- Illustrates distribution channel
market share for mutual fund assets
Investment Fund Management Company - CORRECT ANSWER- Entity managing a fund's
investments, may hire external portfolio managers
, Prospectus - CORRECT ANSWER- Document disclosing fund details, including names of
fund managers
National Instrument 81-102 - CORRECT ANSWER- Regulation specifying requirements for
mutual fund custodians
Custodial Agreement - CORRECT ANSWER- Outlines how custodian holds fund assets and
interacts with the fund
Sub-Custodian - CORRECT ANSWER- Appointed by custodians to hold fund assets,
common for funds with international assets
Transfer Agent - CORRECT ANSWER- Entity maintaining unitholder register and ownership
transfers for a fund.
Independent Review Committee - CORRECT ANSWER- Body overseeing conflict of
interest decisions involving fund managers.
Net Asset Value Per Unit (NAVPU) - CORRECT ANSWER- Price representing units
bought/sold daily, calculated by fund managers.
Valuation Date - CORRECT ANSWER- Date following receipt of a purchase/redemption
request for a mutual fund.
Settlement Date - CORRECT ANSWER- Date of actual clearing of transaction, payment, and
delivery of securities.
International Financial Reporting Standards (IFRS) - CORRECT ANSWER- Accounting
standards for valuation and reporting of financial transactions globally.
Dollar Cost Averaging - CORRECT ANSWER- Investment strategy spreading fixed-dollar
investments over time for market fluctuations.
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