Open-End Investment Company

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Open-end investment company. Essentially synonymous with “mutual fund.'
Open order. An order to buy or sell stock which has not yet been filled.

OPEN-END INVESTMENT COMPANY " See: Investment Company.
OPENING TRANSACTION " The purchase or sale of an option transaction to establish or increase a position.
OPEN MARKET COMMITTEE " See: Federal Open Market Committee.

Open-End Investment Company An investment company that continuously offers new shares in an actively managed portfolio of securities.
Operating Income The difference between the revenues of a business and the related costs and expenses.

Open-end investment company: See Mutual Fund.
Open interest: The number of outstanding option contracts.

An Open-End Investment Company, shares Of Which Are Sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true "no load" fund will have neither a sales charge nor a distribution fee.

An open-end investment company that offers the investor the benefits of portfolio diversification (provides greater safety and reduced volatility), and professional management. The shares are redeemable on demand at their net asset value.

MUTUAL FUND An open-end investment company that combines the money of thousands of people and invests it in a variety of securities in an effort to achieve a specific objective over time.

Mutual Fund
An open-end investment company that buys back or redeems its shares at current net asset value. Most mutual funds continuously offer new shares to investors. See also Investment Company.

For example, an open-end investment company might offer an aggressive-growth fund, a growth and income fund, a US Treasury bond fund, and a money market fund.

Also known as an open-end investment company, to differentiate it from a closed-end investment company. Mutual funds invest pooled cash of many investors to meet the fund's stated investment objective.

open-end investment company An investment company which continually sells or redeems its own shares to meet investor demand.

A mutual fund, also called an open-end investment company, owns the securities of several corporations and receives dividends on the shares that it holds.

mutual fund offered by an open-end investment company that imposes no sales charge (load) on its shareholders. Investors buy shares in no-load funds directly from the fund companies, rather than through a broker , as is done in load funds.

No load mutual fund An Open-End Investment Company, Of Which Are Sold without a . There can be other distribution charges, however, such as Article . A true "no load" fund will have neither a sales charge nor a distribution fee.

A purchase of shares in an open-end investment company mutual fund that is large enough to entitle the buyer to a lower sales charge. A series of breakpoints is established by the fund, at each of which the charge is reduced.

No-load mutual fund
An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.

NO-LOAD FUND A type of mutual fund offered by an open-end investment company that does not impose a sales charge on the purchase of shares.

distributor A company that purchases open-end investment company shares directly from the fund in order to resell them to potential buyers. divergence Price divergence is a technical situation where indicators signal a different...

See also: Expense, Banks, Closed-end fund, Load fund, 12B-1 Fees