Question

Shareholders of mutual funds have all of the following rights EXCEPT: A) the right to vote on the selection of specific securities for the portfolio B) voting proxies C) receiving semiannual reports D) voting rights

Answer 1

you do not obtain the right to vote on the selection of specific securities for the portfolio

Step-by-step explanation:

As a shareholder of a mutual fund you have many rights available such as voting proxies, receiving semiannual reports, and voting rights. Unfortunately, you do not obtain the right to vote on the selection of specific securities for the portfolio. The only individual that can make this decision is the fund manager. This individual is the one that analyzes different securities and chooses the ones that will round out and diversify the mutual fund nicely while at the same time maximizing ROI potential.