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 investing on your own, thereby reducing risk.

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 instrument 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, risk tolerance. Taxable or tax-free funds. Diversification. Over forty (40) fund families to choose from. Risk management. Exposure to many investment areas at relatively low cost. Professional money management. Easy to modify a portfolio as needs change. Choice of sales charge schedules.