This transaction can be done electronically via computer with many fund groups, telephone and mail. Please note all organizations have policies that govern this privilege. Government Security - Debt obligation issued by the U.S. government, its agencies or instrumentalities. Growth Fund - Mutual fund that invests primarily in shares of growth stocks toward a goal of capital appreciation. Holding Period - Time period when money cannot be redeemed or exchanged out of a mutual fund account.
Many funds have holding periods for clearance of checks and exchanges from one fund to another.
Income Fund - Type of mutual fund that seeks to provide a stable current income from investments in securities that pay interest. Index - Benchmark against which to measure performance. Index Fund - Mutual funds whose portfolio matches the components of a particular index. Private pension account available to individuals for saving and investing on a tax -deferred basis. Investment Company - Organization that pools the assets of many to invest toward a stated objective.