Dedications | p. iii |
Acknowledgements | p. v |
About the Authors | p. vii |
Introduction and Background | p. 1 |
Overview | p. 1 |
History, Growth and Trends in the Mutual Fund Industry | p. 2 |
Investment Act of 1940 | p. 14 |
Mutual Fund Structures | p. 19 |
Mutual Fund Features | p. 21 |
Public Disclosures | p. 25 |
NASD Rules | p. 38 |
Types of Funds | p. 45 |
Investment Objectives | p. 45 |
Asset Classes | p. 50 |
Management Styles | p. 69 |
Basic Principles of Investing | p. 77 |
Risk, Return and Time | p. 77 |
Basic Investment Concepts and Terminology | p. 78 |
Measuring Risk and Return | p. 109 |
Basic Principles of Investment Risk | p. 109 |
Measurements of Risk | p. 129 |
Measurements of Performance | p. 133 |
Risk Adjusted Rates of Return | p. 139 |
Evaluation and Comparison of Funds | p. 143 |
General Issues | p. 143 |
Comparing Fund Performance | p. 145 |
Specific Fund Features | p. 149 |
Sources of Information | p. 154 |
Guidelines for Choosing a Fund Family | p. 165 |
Tax Issues in Mutual Fund Investing | p. 171 |
Overview: General Tax Issues | p. 171 |
Taxes on Income While Shares are Held | p. 175 |
Special Tax Issues | p. 180 |
Income Tax Deductions | p. 182 |
Sale or Exchange of Shares | p. 184 |
Capital Gains and Losses | p. 185 |
Determination of Basis | p. 188 |
Valuation of Shares Held at Death | p. 192 |
Unit Trusts | p. 193 |
College Funding with Mutual Fund Investments | p. 197 |
Mutual Fund Investing for College | p. 197 |
Tax Considerations | p. 200 |
Ownership Vehicles | p. 202 |
Projecting College Costs | p. 205 |
Variable Annuities and Other Alternatives | p. 213 |
Variable Annuities | p. 213 |
Real Estate Investment Trusts | p. 220 |
American Depositary Receipts | p. 224 |
Mutual Fund Investing for Retirement | p. 227 |
Time Horizon and Future Income Needs | p. 229 |
Individual Savings and IRAs | p. 231 |
Employer Retirement Plans | p. 237 |
Investment of Retirement Portfolio Assets | p. 242 |
NASD Regulations | p. 247 |
Building a Portfolio: Morningstar's 401(k) Plan | p. 261 |
ERISA Section 404(c) Summary | p. 265 |
Indexed Employee Benefit Amounts | p. 271 |
Income Tax Tables | p. 273 |
Tax Exempt Equivalents | p. 275 |
Sample Annual Report | p. 277 |
Morningstar Page | p. 287 |
Value Line Page | p. 291 |
Acronyms | p. 297 |
Index | p. 299 |
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