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Understanding Mutual Funds

Understanding Mutual Funds

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Published by: api-3696966 on Oct 14, 2008
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03/18/2014

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Understanding
Mutual Funds
A Guide to
INVESTMENT COMPANY INSTITUTE\u00ae
Understanding
Mutual Funds
A Guide to
INVESTMENT COMPANY INSTITUTE\u00ae
Introduction
About Mutual Funds

What Is a Mutual Fund?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Why Invest in a Mutual Fund?. . . . . . . . . . . . . . . . . . . .7 Stock Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Bond Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Money Market Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 Investing Internationally. . . . . . . . . . . . . . . . . . . . . . . . . . . .14 How Mutual Funds Are Structured. . . . . . . . . . . .16 Other Types of Investment Companies. . . . . .17

Establishing an Investment Plan
Establishing Goals and

Realistic Expectations. . . . . . . . . . . . . . . . . . . . . . . . . . . .18 Three Common Investment Goals. . . . . . . . . . . .20 Figuring Out Your Retirement Needs. . . . . . . .21 Dollar-cost Averaging................................22 Establishing Realistic Expectations About

Performance........................................23 The Risk of Inflation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25 The Annual Review..................................26 Tax Considerations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27

Becoming an Informed Investor
The Mutual Fund Prospectus and

Shareholder Reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 Publications and Websites. . . . . . . . . . . . . . . . . . . . . . . . . .32 How to Read a Mutual Fund Fee Table......33 Should Fund Fees Affect Your Decision?. . . .36 Protecting Investors\u2014

Who Oversees Mutual Funds?. . . . . . . . . . . . . .37
Other Resources

Useful Addresses........................................40 Questions About Business Practices............42 Glossary of Mutual Fund Terms..................44

Contents

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