A type of investment that allows you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own.

An advantage of a mutual fund is that it offers diversification and professional management to the investor.

A no-load fund charges a commission to investors when shares of the fund is bought or sold.

When investing in a mutual fund it is best to ensure that the funds objectives match your investment goals.

An equity fund invests primarily in

A type of mutual fund that primarily invests in companies within the same industry.

A type of mutual fund that primarily invests in stocks from the same market index.

A type of mutual fund that pinpoints a particular point in time that the investor plans to begin "cashing out" the investment.

Which of the following would not be included in the prospectus for a mutual fund?

A type of security that tracks an index, sector, commodity, or other asset, which can be purchased or sold on a stock exchange the same way a regular stock can.

The price of a mutual fund and an ETF both fluctuate throughout the day and can be traded at anytime (as long as the market is open).

Most mutual funds have a minimum investment amount and a required holding period while ETF's do not have either.

Many would say the primary advantage of an ETF over mutual funds is that the ETF's do not have management fees.