Identify the pooled product that typically has a set termination date.
QUESTION
Which option best matches: fixed portfolio, no reinvestment via active trading, terminates on a stated date?
QUESTION
Which pooled product is priced once per day after market close at NAV?
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ANSWER
Mutual fund (open-end fund). Open-end mutual funds calculate NAV at the close of each trading day, enabling purchases and redemptions at that price to reflect the current value of underlying assets.