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Micheline has established her investment goals and is looking to invest in a mutual fund that is aligned with hers. She is interested in the mutual fund RBC U.S. Index Fund - Series A. She is looking for medium risk and is looking to hold this investment for at least 5 years. Her goal is to invest in US holdings with long term capital growth potential. She does not want to pay Management Expense Ratio's (MER's) over 1% and wants a mutual fund that is no load. She has an initial investment of $500 to put down and could put $100 a month on a regular basis to purchase additional units. Does this fund meet all of Micheline's criteria? (go to your browser and enter RBC U.S. Index Fund - Series A Fund Facts or go to the FINA 200 Assessments tabfor a copy of the RBC U.S. Index Fund - Series A Fund Facts). Note that January 2019 is the latest issue of Fund Facts for this mutual fund asFund Facts are only filed annually or updated in the event of a material change that affects the content of the Fund Facts (e.g., a change in investment objectives, an increase in the management fee)).
a) True
b) False
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