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Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. They are managed by professional fund managers.
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Mutual funds are typically filed by the asset management companies that manage the funds, as they are responsible for the administration of the fund.
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The purpose of mutual funds is to provide individual investors with access to professionally managed, diversified investment portfolios that align with their investment objectives and risk tolerance.
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Mutual funds must report information such as the fund's performance, holdings, expenses, fees, and investment strategies to provide transparency and help investors make informed investment decisions.
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