Multiple choice

Structural characterization of an equity fund include

  1. costs of investing

  2. the specific securities in which the fund has invested

  3. the number of employees of the AMC

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Structural characterization of an equity fund refers to its portfolio composition - the specific securities and their weightings. This defines the fund's nature and risk profile. Costs (A) are fee structure, not structure. Number of employees (C) is AMC operational detail, not fund structure. The actual holdings constitute the structural characterization.

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