A Mutual Fund is a pool of many investors' money. When you invest in a mutual fund you buy shares of the fund. The proceeds from these shares are then invested in a portfolio of securities which are determined by a fund manager. Most funds charge the fund holders a fee or series of fees for managing the money. When there are profits from the investments, they are returned to the investors through dividends and capital gain distributions.
Open-end funds issue new shares continuously as investors buy them. Investors redeem their shares directly from the fund, which in turn must buy them back.
Closed-end funds issue a fixed number of shares that the fund may redeem only upon termination of the fund's trust. Shareholders in a closed-end fund may, however, sell their shares through a broker on the secondary market to other investors but may not sell them back to the fund.
Mutual Funds Overview Screen
PremiereTrade™ AI gives you the ability to trade Mutual Funds. It is important to remember mutual funds are traded on end of day data.
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Fig 1. Mutual Funds Overview |
Favorite Mutual Funds Monitor
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Fig 2. Favorite Mutual Funds Monitor Screen |
Adding a Mutual Fund
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Fig 3. Enter the Symbol and then select “ADD” |
To add a Mutual Fund to your favorite mutual fund monitor list simply click inside the Symbol field box located at the bottom left corner of the page (above Favorite Mutual Fund List button), enter the Mutual Fund ticker symbol and press the ADD button.
Removing a Mutual Fund
To remove a Mutual Fund simply click on the desired Mutual Fund to be removed, this will highlight the chosen Mutual Fund in blue, then press the REMOVE button.
Creating Mutual Fund Baskets
The Mutual Fund Baskets feature allows for the grouping of 10 Mutual Funds on the same screen for quick analysis
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Fig 4. Click on the Mutual Fund basket you want to edit.
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1. To create a Mutual Fund basket, first right click on the word above the basket you wish to work with, it will typically say “No List” for first time lists, and select “Add new list.” If you wish to replace an existing list, select “Remove list” after right clicking and then select “Add new list.”
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Fig 5. Pop up window for adding and removing Mutual Funds in a basket.
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2. Enter a name for the basket. After you have entered a name, a pop up box will appear. This is where you can begin to place the desired Mutual Funds in the basket. Put the ticker symbols of the Mutual Funds in the Mutual Funds to add box, then click ADD after you have entered each one. When you are finished select OK.
Editing Mutual Fund Baskets
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Fig 6. Right click on the text to Add, Remove or Edit a Basket.
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To edit a basket right click on the desired basket’s name and select Edit list, the pop up box will appear giving you the options to: ADD, REMOVE, CLEAR ALL, and MOVE UP or MOVE DOWN Moving up or down will place the highlighted Mutual Fund above the preceding or below the security that follows.
