A mutual fund that seeks maximum capital appreciation through the use of investment techniques involving greater than ordinary risk, such as borrowing money in order to provide leverage, short-selling and high portfolio turnover. Capital Growth A rise in market value of a mutual fund's securities, reflected in its net asset value per share. This is a specific long-term objective of many mutual funds. An investment company that offers a limited number of shares. They are traded in the securities markets, usually through brokers.
Price is determined by supply and demand.
Commercial Paper Short-term, unsecured promissory notes with maturities no longer than 270 days. They are issued by corporations, to fund short-term credit needs. An open-end investment company whose holdings consist mainly of common stocks and usually emphasize growth. The date the fund processed your transaction, typically the same day or the day after your trade date. These charges are usually assessed on a sliding scale, such as four percent to one percent of the amounts redeemed, with the fee reduced each year the units are held.