Closed-End Mutual Funds are investment companies that operate with a limited number of shares outstanding. Unlike open-end mutual funds, which create new shares to meet investor demand, closed-end funds have a fixed number at inception.
A fund family, also known as a family of funds, is a group of mutual funds offered by the same investment company that share similar investment objectives, management, and administrative structures.
An investment company is a financial institution engaged in holding securities and assets for investment purposes. They pool funds from individual investors and invest them in diversified portfolios of securities, offering professional management and diversification benefits.
An investment trust is a company that collects funds from shareholders to invest in a diversified portfolio of securities, aiming to achieve income and capital gains. While similar to unit trusts, investment trusts have several distinctive characteristics.
A mutual fund is a type of regulated investment company that pools money from shareholders to invest in a diversified portfolio of stocks, bonds, and other securities.
An open-end management company is an investment company that sells mutual funds to the public and continually creates new shares on demand.
A Regulated Investment Company (RIC) is a type of investment company in the United States that is eligible to pass through income to shareholders without having to pay taxes at the corporate level, provided it complies with certain regulatory requirements outlined by the Internal Revenue Code.
