Which of the Following Statements Is False

Which of the following statements is false?

A) The purpose of investing in a closed-end or open-end mutual fund is to earn a financial return.
B) Income dividends are the earnings that a fund pays to shareholders after it has deducted expenses from its dividend and interest income.
C) Capital gain distributions are the payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio.
D) It is possible to make money on a mutual fund by purchasing shares at a high price and then selling them at a low price at a later date.
E) Real estate funds aim for long term growth