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the investors. A mutu inal fund is the portfolio of stocks, bonds, or
other securities thatMutual funds are generally safer, but less
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bank accouan vary widely, depending on nts, although its profit-risk
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funds, which sells new shares continuously or buys them back from the
shareholder (redeems them), dealing directly with the investor (no-load
funds) or through broker-dealers, who receive the sales load of a buy or
sell order. The purchaseC price is the net asset value (NAV) at the
end of the trading day, which is the total assets of the fund minus its
liabilities divided by the number of shares outstanding for