Mutual Funds FAQs

• What are the differences between closed- and open-ended mutual funds?
• How do I buy and sell open-end fund units?
• How are the shares valued?
• How are the units valued?
• What are the costs associated with owning open-end units?
• What are the income tax aspects of owning open-end fund units in a taxable account?
• Can I reinvest my dividends in additional shares of the open-end fund?
• How do I buy and sell closed-end fund shares?
• What are the costs associated with owning closed-end shares?
• What are the income tax aspects of owning closed-end fund shares?
• Can I reinvest my dividends in additional shares of the closed-end fund?
• How do I decide which mutual fund to buy?
• Are there other criteria I should consider when deciding which mutual fund to buy?
• Is a mutual fund’s past performance a reliable guide for estimating future returns?
• What are the different mutual fund structures?
• What are the different mutual fund categories?
• What are the differences between passive and active mutual funds?
• What are some additional resources for mutual funds?