AFM121 Chapter Notes - Chapter 18: Client Confidentiality, 6 Years, Personal Bankruptcy

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM121
• Professor: John D' Amato

Document Summary

Some provide unit holders with voting privileges but not all: trust itself is not taxable. income earned by the fund, net any fees and expenses, is attributed to the unit holders: fund is established in the form of a trust deed which describes. directors (corporations) or trustees (for trusts) are ultimately responsible for fund activities i. often hire independent managers, distributors, custodians to operate the fund on their behalf: fund managers. must observe guidelines in the fund"s charter as well as constraints imposed by securities commissions: fund distributors. parties that sell shares or units in the fund: custodians. collect and distribute cash for the fund as required i. usually are trust companies. Some funds charge a set-up fee in addition to any load fees: front-end load charge a sales commissions when the units are purchased. Some fund companies permit investors an unlimited number of. F-class funds charger lower mers than traditional funds, reduces the impact of having investors being charged two fees.