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Expense Ratio
The measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.
Mutual Fund
An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
Net Asset Values
The value of an entity's assets minus the value of its liabilities, often used in relation to investment funds.
Money Market Funds
Investment funds that invest in short-term debt securities, such as treasury bills and commercial paper, offering investors high liquidity with a relatively low level of risk.
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