SIE practice questionmediumMutual Funds - Shareholder Rights
Mutual fund shareholders typically have the right to:
- AVote on changes to investment objectives✓ Correct answer
- BSet the fund manager's compensation
- CDetermine individual security selection
- DDirect daily trades for the fund
Explanation
Why A — Vote 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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