What is a mutual fund?

A mutual fund is a portfolio of individual stocks and bonds that are managed according to a unique type of investment style. A mutual fund allows investors to pool their money, after which the fund invests it on their behalf according to its current holdings. A key benefit of mutual funds is the fact that it allows an individual investor to participate in a much more diversified portfolio than one would ordinarily have capability of doing so.

Mutual funds, unlike individual stocks, are priced at the close of the market each day. The closing price is based on the collective value of the securities it holds. The price per share of a mutual fund is determined by taking the current market value all of the fund’s holdings and divided by the number of shares outstanding.

How do I use this tool?

FiPath's mutual fund tool is a comprehensive directory of over 22,000 funds of varying sizes, types, and investment philosophies.

With this tool, you can search by the name of the mutual fund, the mutual fund’s ticker or CUSIP number, or by taking advantage of our advanced search function. With FiPath's advanced search function, you choose from 5 sortable fields that will allow the mutual funds to be screened to allow you to discover the correct fund for your needs. FiPath's mutual fund screener allows you to sort by fund family, Morningstar rating, asset category, historical fund performance, or by its portfolio holdings.