After this given date, the option ceases to exist. Options can be purchased online with Zions Direct Brokerage, or through a ZISI Personal Investment Officer in a branch near you. A mutual fund is a professionally managed portfolio of stocks, bonds, or other securities. Each mutual fund share you own represents participation ownership in the securities within the fund. Dividends and capital gains produced by a fund's portfolio are paid out in proportion to the number of fund shares you own.
Mutual funds offer diversification, liquidity, and low initial minimums.
Diversification Mutual funds are comprised of securities in a variety of industries and companies. Each investor within the fund owns an interest in each security. This allows you to buy into the kind of diversification that otherwise might not be accessible. The advantage of diversification is the ability to limit individual company ownership risk. Liquidity Many people choose mutual funds as the vehicle for their investment program because mutual funds are readily available and easy to sell.