Sector fund
A fund holding one industry. Concentration wearing a fund's clothes.
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Words beside it
- bond fund
A pool of money collected from many investors that a fund company uses to buy a large number of different bonds at once. You own a small slice of that whole pool instead of one single bond.
- Emergency fund
Cash set aside for the unexpected, usually three to six months of expenses.
- fund
A pool where many investors put money together so a manager can buy a large collection of investments on everyone's behalf. You own a small slice of the whole pool rather than any single investment directly.
- Index fund
A fund that holds the components of a published index in the same proportions, changing only when the index does.
- Money market fund
A fund holding very short term debt; near cash, small yield.
- mutual fund
A pool of money collected from many investors that is used to buy a mix of stocks or bonds all at once. When you invest in one you own a small piece of everything inside it.
- refund
This is money the government sends back to you when you paid more tax during the year than you actually owed. Filing a return is how you get it.
- Target date fund
A fund that holds a stock and bond mix and shifts toward bonds as its year approaches.
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