Each investment company investor shares in the returns of the fund's portfolio and also shares in the cost of running the fund.

Question

Quizplus · Accepted Answer

This is true. Investment company investors benefit from the returns of the fund's portfolio, but also incur expenses related to managing the fund, such as management fees and operating expenses. These expenses are usually expressed as a percentage of the fund's assets under management, known as the expense ratio.

Each Investment Company Investor Shares in the Returns of the Fund's