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A mutual fund is an investment company – a company that makes investments on behalf of individuals and institutions who share common financial goals. Mutual funds offer investors a simpler, more convenient and less time-consuming method of investing in a portfolio of securities (like stocks and bonds) than trading them individually. Through mutual funds you can delegate investment decisions to professional money managers – decisions as to which securities to hold, when to buy and when to sell. Also, as an investor in mutual funds, you can access a broader diversity of securities than you could if investing on your own. Diversification does not guarantee a profit or protect from loss in a declining market.
Mutual fund investors select and invest in a fund with an investment objective that most closely matches their own. The fund pools the money with that of other shareholders who have similar objectives. Professional money managers then use the pool to buy a wide range of stocks, bonds, or money market instruments that will help you achieve your investment goals. As an investor in a mutual fund, you are buying shares of the fund. Each share represents ownership in all the fund’s underlying securities.
Account Features
- Blendable, low-cost portfolios to fit individual investor goals, time frame and risk tolerance
- Diversification
- Risk management
- Choice of sales charge schedules
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- Taxable or tax-free funds individual investor goals, time frame Some municipal funds are subject to state or local taxes
- Over forty (40) fund families to choose from
- Exposure to many investment areas at relatively low cost
- Easy to modify a portfolio as investment needs change
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Additional Specifications & Fees
- Opening deposit and contribution requirements are minimal.
- Fees and expenses apply to mutual funds
Carefully consider the investment objectives, risks, charges, and expenses of a sub account before investing. This and other information is contained in the product and sub account prospectus available from your registered representative. Read the prospectus carefully before investing. |
