LLQP Exam Dumps | (Clara is saving for a house and will likely need her money within a year. She seeks a segregated fund

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Question 3/126

(Clara is saving for a house and will likely need her money within a year. She seeks a segregated fund with minimal penalties for quick access.
Which sales charge should Irving recommend?)

A. No-load

B. Front-end load

C. Deferred sales charge

D. Trailing commission

Correct Answer: A

Ano-loadsegregated fund hasno sales charge on entry or exit, making it ideal for short-term investment needs. Clara would retain full liquidity without penalties.
Exact Extract:
"No-load segregated funds allow investors to redeem their units without incurring a sales charge, making them ideal for investors who may require liquidity within a short timeframe." (Reference:Segfunds-E313-2020-12-7ED, Chapter 2.3.2.3 No Sales Charge)

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