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SIE: Investment Companies & Packaged Products
SIE practice questionmediumMutual Funds - Shareholder Rights

Mutual fund shareholders typically have the right to:

  1. AVote on changes to investment objectives✓ Correct answer
  2. BSet the fund manager's compensation
  3. CDetermine individual security selection
  4. DDirect daily trades for the fund
Explanation

Why AVote on changes to investment objectives

Shareholders may vote on key changes, such as investment objectives. B, C, and D are the responsibilities of the fund's board or fund management.

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