How Investment Funds Work
A plain-language guide to pooled investments: ownership, net asset value, trading, fees, distributions, governance, and the questions to ask before investing.
beginner learning path
Build a durable vocabulary and learn the decisions every investor faces.
A plain-language guide to pooled investments: ownership, net asset value, trading, fees, distributions, governance, and the questions to ask before investing.
“Index fund” describes what a fund tries to do; “ETF” describes how a fund is structured and traded. Here is how to compare them correctly.
Mutual funds and ETFs can own similar portfolios but reach investors through different dealing systems. Learn which differences actually affect a long-term plan.
Treasury bond prices can be below, at, or above par. This guide explains how the auction-set interest rate differs from yield to maturity, how bills, notes, bonds, TIPS, and Floating Rate Notes differ, and why maturity and rate conventions matter when reading Treasury data.