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An enabling statute:
Mixed Asset Classes
Investment portfolios that include a combination of stocks, bonds, and other securities to achieve diversification.
Equity Funds
Investment funds that primarily invest in stocks, aiming to provide growth or income to investors.
Bond Funds
Investment funds that pool money from various investors to purchase a diversified portfolio of bonds, providing income and diversification.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used to determine the value of shares in a mutual fund or ETF.
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