This group is paid last if a company goes bankrupt
Who are stockholders (preferred and common)?
100
represents ownership in a company
What is stock?
100
the location of our custody dept
What is Kansas City, MO?
100
This type of fund is also known as an Equity Fund.
What is a Stock Fund?
100
involves the mixing of investments/securities within a portfolio and is used to manage risk.
What is diversification?
200
ADR's are the American version
What are foreign stocks?
200
a loan to the issuer, the issuer promises to repay the debt on a specified date and to pay interest
What is a bond?
200
main duty of the Investment Advisor/portfolio manager
What is selects the securities for the fund?
200
This is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. These funds are widely (though not necessarily accurately) regarded as being as safe as bank deposits yet providing a higher yield.
What is a Money Market Fund?
200
The opposite of do-it-yourself investing and doing your own investment research on stocks and bonds.
What is professional management?
300
bundles of mortgages sold to investors
What are GNMA or FNMA?
300
the biggest benefit of preferred stock
What are fixed dividend payments?
300
this department performs security accounting and calculates the NAV daily
What is Fund Accounting?
300
This fund type typically pays periodic dividends that include interest/coupon payments on the fund's underlying securities.
What is a Bond Fund?
300
There are a tremendous number of mutual funds available to investors. The type of investment needs of any investor may be met with a mutual fund in the industry. There are thousands of mutual funds available with goals and styles to fit most objectives.
What is choice?
400
the largest borrower and the most secure credit risk
What is the US Government?
400
this is the way bond prices are influenced by interest rates
What is an inverse relationship?
400
this department prepares the annual and semiannual reports, is located on the 2nd floor, makes sure the fund is compliance with the SEC, and does administrative work for the fund
What is Fund Administration?
400
Mutual funds with this investment objective are invested in government or municipal bonds, called munis, the interest generated by these bonds is not subject to income tax.
What is tax exempt?
400
mutual funds pools money from many investors who have similar investment objectives. This allows people with less capital to invest in the market immediately.
What is Decreased Capital Requirements? (you don't need a lot of money to invest)
500
These are examples of securites held in a money market fund
What are very liquid, easily converted to cash, very little risk, short maturity date-(usually less than one year) securities?
500
3 benefits of common stock
What are variable dividends, voting rights, preemptive rights, and rights to information
500
this is the main function of the the Transfer Agent
What is shareholder recordkeeping?
500
an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
What is a Mutual Fund?
500
Shareholders can readily access money in a mutual fund. Mutual fund shares can be sold on any business day.