SEC Form N-1A is a filing that must be made by all mutual funds in order to register with the Securities and Exchange Commission (SEC). The form provides information about the fund’s investment objectives, strategies, and risks. It also includes information about the fund’s fees and expenses. What is a mutual fund registration statement? A … Read more
A life-cycle fund is a type of mutual fund that aims to provide investors with a diversified portfolio that is appropriate for a specific stage in their life. The fund’s asset allocation is typically rebalanced over time to become more conservative as the investor approaches retirement. A life-cycle fund is a type of mutual fund … Read more
A sales charge is a commission that is charged by a broker or other salesperson when selling certain securities, such as mutual funds. The sales charge may be a flat fee or a percentage of the purchase price. What are four types of fees that may appear on your mutual fund statement? Sales charges: A … Read more
A master fund is a type of investment fund that pools together the assets of multiple investors and invests them in a range of underlying investments. The assets of each investor are held in a separate sub-fund, which allows the fund manager to tailor the investment mix to the individual investor’s needs. The main advantage … Read more
Warren Buffett is one of the most successful investors of all time. He has a long-term track record of outperforming the market, and he is widely respected for his investing wisdom. One of the things that makes Buffett so successful is his focus on value investing. Value investing is a strategy that involves finding companies … Read more
A Y-share is a mutual fund that is only available to investors who work with a broker who is affiliated with the fund’s sponsor. The fund’s sponsor is typically a large investment firm, such as a bank or insurance company. Y-shares typically have higher fees than other types of mutual funds, but they also tend … Read more
A “Master Trust” is a type of mutual fund which is created and managed by a financial institution. The fund holds a variety of assets, including stocks, bonds, and cash, and is designed to provide investors with a way to diversify their portfolios. The assets in a Master Trust are typically divided into a number … Read more
front-end load: A front-end load is a sales charge that is levied when you purchase units in a mutual fund. The charge is a percentage of the amount you are investing, and is paid to the broker or financial advisor who sold you the fund. Is it worth paying a front-end load for a fund? … Read more
Undertakings for Collective Investment in Transferable Securities (UCITS) are mutual funds that are authorised to be marketed to retail investors in the European Union. UCITS must comply with a harmonised regulatory regime that provides for investor protection, minimum operational standards and depositary requirements. UCITS funds can be either actively or passively managed. Actively managed UCITS … Read more
A mutual fund custodian is an institution that is responsible for safeguarding the assets of a mutual fund. The custodian is typically a large bank or trust company that has been approved by the fund’s board of directors. The custodian’s duties include maintaining records of the fund’s holdings, collecting dividends and interest payments, and executing … Read more
