1. What is a mutual fund?  A pool of money that is invested in different securities (stocks, bonds, etc)  The money pool is invested on the investors behalf

2. What are the advantges of mutual funds?  Professional Managers  Diversification  Lower costs due to quantity (meaning you can buy a greater variety of stocks for less money)

3. How can you make money on mutual funds?  Dividends (Bonds) and Interest (Stocks)  Capital Gains: price of securities in the fund may increase. When fund sells security, there is a gain! Distributed end of year

4. What are some types of mutual funds?  Bond/ Fixed Income Funds  Equity/Stock Funds  Balanced Funds  International Funds  Index Funds  Green Funds  Sector Funds

5. What type of funds charge a sales commission?  Load  Front load sales commission when buy  Back load sales commission when sell

6. What types of fund do NOT charge a commission?  No Load Fund