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Chapter 13

Horizontales
An investment company whose shares trade on stock exchanges; unlike mutual funds
A commission charged for redeeming fund shares
A fund on which no transaction fees are charged
A process whereby investors buy into a diversified portfolio of securities for the collective benefit of individual investors
A firm that can issue an unlimited number of shares that it buys and sells at a price based on the current market value
A fee paid to the professional money managers who administer a mutual funds portfolio
A fund that invests only in companies meeting certain moral, ethical, and or environmental criteria
A mutual fund that does all or most of its investing in foreign securities
Verticales
A money fund that invests in virtually any type of short-term investment
A money fund that limits its investments to short-term, tax-exempt municipal securities
A fund that has a low purchase fee
The current market value of all the securities the fund owns, less any liabilities, on a per-share basis
Real estate purchased for leasing or renting to tenants in order to generate ongoing or annual income in the form of rent receipts
A financial services organization that receives money from its shareholders and invest those funds on their behalf in a diversified portfolio of securities
A fund that charges a fee at time of purchase