The movement of an investor's funds from one mutual fund to another on the basis of an order given via telephone. An investment approach that first seeks to define major economic and industry trends, and then proceeds to identify specific companies that are likely to benefit from those trends. The date on which a purchase or redemption of mutual fund shares is conducted. The process of changing ownership of an account within the same fund. The organization employed by a mutual fund to prepare and maintain records relating to the accounts of its shareholders.
Some funds serve as their own transfer agents.
A municipal bond mutual fund whose dividends and interest are exempt from federal, state and local income taxes for residents of a particular state. The rate at which the fund buys and sells securities each year. 12b-1 fees, if any. All Rights Reserved.