fund family

mutual fund company offering many mutual funds, for various objectives. Usually, investors can move assetsbetween

different funds of a fund family at little or no cost, and can receive a single statement describing theirholdings in all the funds in the
fund family. also called family of funds or mutual fund family.

Standard & Poor's Depositary Receipt

SPDR. Shares of a security designed to track the value of the S&P 500. Spiders trade on the American Stock Exchange under
the symbol SPY. One SPDR unit is valued at approximately one-tenth of the value of the S&P 500. Dividends are
distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. also
called SPDRs or Spiders.

self-directed retirement account

A retirement account in which an investor designates an account custodian but still makes his/her owndecisions about
what stocks, bonds, and mutual funds to buy. These accounts are usually set up at abrokerage, and the investor is
often charged an amount above trading costs for operating a self-directed IRA.

quanto option
Option in one currency, but which pays out in another. Quanto options are usually used in cases when investorsare confident of the
underlying asset's performance, but are not confident of the performance of the currency which the underlying is denominated in.

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