Mutual funds pool the money of many investors who share similar objectives, creating diversified portfolios under professional management. A mutual fund may invest its shareholders' money in stocks, bonds, or both. Some mutual-fund companies provide families of funds, allowing you to switch your money from one fund to another as your investment objectives change.
Many funds allow an initial investment as low as $250-$1,000 and can provide convenient reinvestment of dividends and capital gains. Many also allow you to take advantage of a proven investment discipline called dollar-cost averaging—investing the same number of dollars at regular intervals—through convenient payroll deduction.
We offer a variety of stock, bond, and balanced (stock-and-bond) mutual funds from several companies—including municipal-bond funds designed to yield maximum tax-exempt income. We also offer unit investment trusts (UITs), which provide diversified portfolios of municipal, public debt, and equity securities.
Whether your goal is a comfortable retirement, education, travel, a new home or simply to accumulate money for a rainy day, there are mutual funds that can help you achieve your objective. Mutual funds offer four distinct advantages:
Mutual funds offer a flexible selection of pricing options: Class A, Class B, and Class C shares.
Speak with your Financial Advisor to see which type of shares would be right for you and your investment goals.
Typically, mutual funds are organized into four investment categories: growth funds, growth and income funds, income funds, and tax-free funds. Each has its own degree of risk. Your financial advisor can help you review the prospectus and decide which funds are most suitable for your long-term investment goals.