SIE Exam Question 601: Answer and Explanation

Question: 601

How frequently will a mutual fund with a turnover ratio of 20% replace its total holdings?

  • A. Every year
  • B. Every 2 years
  • C. Every 4 years
  • D. Every 5 years

Correct Answer: D

Explanation:

1 รท 0.20 = 5

A mutual fund with a turnover ratio of 20% will replace its total holdings every 5 years.

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