Series 6 - Investment Company And Variable Contracts Products Representative Exam
All of the following are true about principal-protected mutual funds EXCEPT:
They have high expense ratiosA
They hold a mixture of stocks and bondsB
They allow new contributions during their guarantee periodsC
Most guarantee the initial investment minus any front-end sales loadsD
Principal-protected mutual funds, unlike most other mutual funds, are closed to new contributions during their guaranteed (or protected) periods.