A mutual fund is a company that brings together money from many people
and invests it in stocks, bonds or other assets. The combined holdings of
stocks, bonds or other assets the fund owns are known as its portfolio.
Each investor in the fund owns shares, which represent a part of these
Please read our publication "Invest
Wisely: An Introduction to Mutual Funds" to learn how mutual funds
work, what factors to consider before investing, and how to avoid common
The U.S. Securities and Exchange Commission does not guarantee the
appropriateness, fitness, or suitablility of any mutual fund and makes no
investment recommendations of any kind.