单选题 Which of the following statements does not accurately describe an open-end fund? A. The open-end investment company continues to sell and repurchase shares after the initial public offering. B. Open-end investment companies are prepared to buy or sell additional shares of the fund at NAV. C. Open-end investment companies redeem the shares without either sales charges or redemption fees.

【正确答案】 C

【答案解析】An open-end investment company continues to sell and repurchase shares after the initial public offering. The open-end investment companies are prepared to buy or sell additional shares of the fund at NAV, with or without sales charge and with or without redemption fees. Open-end funds (about 90% of all funds) differ from closed-end funds in that the open-end funds continue to sell and repurchase shares after the initial public offering at NAV (with or without sales charge).