Equity Funds (Stock Fund)
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An equity or stock fund is a type of mutual fund. Although a stock fund's value can rise and fall quickly (and dramatically) over the short term, historically stocks have performed better over the long term than other types of investments - including corporate bonds, government bonds, and treasury securities.
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Source:
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United States Securities and Exchange Commission
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Equity Index Annuity
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These products combine features of traditional insurance products (e.g., the reduced risk of a guaranteed minimum return) and traditional securities (whose return is linked to the equity market). The investor's return is based on changes in an equity index such as the S&P 500 Index. The insurer also guarantees a minimum return to the investor if the contract is held to maturity.
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Source:
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United States Securities and Exchange Commission
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Exchange Fee (Transfer, Switch)
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A fee that some funds impose on shareholders if they exchange (transfer) to another fund within the same fund group or "family of funds."
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Source:
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United States Securities and Exchange Commission
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Expense Ratio
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A fund's total expenses, including rule 12b-1 fees, divided by its average net assets.
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Source:
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United States Securities and Exchange Commission
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