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Series 6 A

Mutual Fund - Type Fund

QuestionAnswer
Money Market - Portfolio Fixed Income Cash equivalent, Such as T-bills,CD's commercial paper,BAs
Money Market - Objectives/Risk/Features Fixed Income Preservation of capital, Attempts to maintain $1 NAV(not guaranteed) Used to "park" fund while making investment decisions
US Government - Portfolio Fixed Income T-bonds, T-notes, T-bills
US Government - Objectives/Risk/Features Fixed Income Income with no risk May be subject to interest rate the longer the average maturity of the portfolio, the greater the interest rate risk. The funds themselves are NOT guaranteed by the US.
Municipal Bond - Portfolio Fixed Income Municipal Bonds (some funds have of only a single state)
Corporate: Investment Grade - Portfolio Fixed Income Corporate Bonds rated BBB/Baa or higher
Corporate: Investment Grade - Objectives/Risk/Features Fixed Income Income with modest credit risk Dividends are fully taxable Interest rate risk
Corporate: High Yield ("Junk Bonds") - Portfolio Fixed Income Corporate Bonds rated BB/Ba or lower
Corporate: High Yield ("Junk Bonds") - Objectives/Risk/Features High Than normal income with higher than normal default risk. Investor must be able and willing to assume default risk. Also has interest rate risk.
Growth & Income - Portfolio Blend Mix of equities and bonds
Growth & Income - Objectives/Risk/Features Income with opportunity for growth Less growth than pure growth fund, less income than pure income fund Some managers allowed wide discretion regarding mix of portfolio securities.
Balanced - Portfolio Blended Mix of equities and bonds
Balanced - Objectives/Risk/Features Growth with opportunity for income. Portfolio mix usually under tighter constraints than growth & income fund
Equity Income - Portfolio Equity Dividend paying equity
Equity Income - Objectives/Risk/Features Equity Safe, consistent income with secondary objective of growth. Less volatile than other equity funds.
Growth - Portfolio Equity Common stock
Growth - Objectives/Risk/Features Capital appreciation Income not a consideration subject to market fluctuation
Aggressive Growth - Portfolio Equity Small Cap stocks
Aggressive Growth - Objectives/Risk/Features Maximum capital appreciation May employ short-term trading strategies. Very volatile. Investors must be risk tolerant.
Index - Portfolio Equity Common stocks in same proportions as selected index (E.g) S&P 500)
Index - Objectives/Risk/Features Match the return of the market Passively managed Low expenses and portfolio turnover Tax efficient
Foreign - Portfolio International Common stocks from outside the US
Foreign - Objectives/Risk/Features International Capital appreciation in markets that might not follow US market. Exposure to exchange rate risk and political risk, in addition to market risk.
Global - Portfolio US and foreign Common stock
Global - Objectives/Risk/Features Capital appreciate in whatever markets look attractive to manager. Exposure to exchange rate risk and political risk, in addition to market risk.
Special Types - Sector - portfolio Common stocks from particular industry (e.g, telecommunication)
Special Types - Sector Objectives/Risk/Features Provides exposure to selected industry group without the hassle of individual stock selection by the investor Less diversification increases risk if sector suffers downturn.
Created by: coderman on 2011-06-18



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