Mutual Fund

An open-end investment company that offers the investor the benefits of portfolio diversification (provides greater safety and reduced volatility), and professional management. The shares are redeemable on demand at their net asset value. The fund invests the pooled assets into various investment vehicles including stocks, bonds, options, commodities and money market securities. How the fund invests is determined by the fund’s objectives. The mutual fund’s prospectus details this type of information plus information on any fees, the management company and other relevant data.

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