Open End Fund
A type of mutual fund that does not have restrictions on the amount of shares the fund will issue. If demand is high enough, the fund will continue to issue shares no matter how many investors there are. Open-end funds also buy back shares when investors wish to sell. (Also see Closed End Fund).
Open/Closed To New Investors
Indicates whether the fund accepts investments from those who are not existing investors. The fund may be closed to new investors because the fund’s asset base is getting too large to effectively execute its investing style. Although, the fund may be closed, in most cases, existing investors are able to add to their holdings.
The percentage of the fund’s assets invested in U.S. stock.
See Asset Allocation.