Lipper Fund Categories

These categories are based on Lipper's latest classification system, revised November 2015.

Category Description
Absolute ReturnFunds that aim for positive returns in all market conditions. The funds are not bench-marked against a traditional long-only market index but rather have the aim of outperforming a cash or risk-free benchmark.
Alternative Active ExtensionFunds that combine long-and short-stock selection to invest in a diversified portfolio of U.S. large-cap equities, with a target net exposure of 100% long. Typical strategies vary between 110% long and 10% short to 160% long and 60% short.
Alternative Credit FocusFunds that, by prospectus language, invest in a wide range of credit-structured vehicles by using either fundamental credit research analysis or quantitative credit portfolio modeling trying to bene t from any changes in credit quality, credit spreads, and market liquidity.
Alternative Currency StrategiesFunds that invest in global currencies through the use of short-term money market instruments, derivatives (forwards, options, swaps), and cash deposits.
Alternative Equity Market-NeutralFund that employ portfolio strategies generating consistent returns in both up and down markets by selecting positions with a total net market exposure of zero.
Alternative Event DrivenFunds that, by prospectus language, seek to exploit pricing inefficiencies that may occur before or after a corporate event, such as a bankruptcy, merger, acquisition, or spinoff. Event Driven funds can invest in equities, fixed income instruments (investment grade, high yield, bank debt, convertible debt and distressed), options, and other derivatives.
Alternative Global MACROFunds that, by prospectus language, invest around the world using economic theory to justify the decision-making process. The strategy is typically based on forecasts and analysis about interest rate trends, the general ow of funds, political changes, government policies, intergovernmental relations, and other broad systemic factors. These funds generally trade a wide range of markets and geographic regions, employing a broad range of trading ideas and instruments.
Alternative Long/Short EquityDomestic or foreign funds that employ portfolio strategies combining long holdings of equities with short sales of equity, equity options, or equity index options. The funds may be either net long or net short, depending on the portfolio manager's view of the market.
Alternative Managed FuturesFunds that invest primarily in a basket of futures contracts with the aim of reduced volatility and positive returns in any market environment. Investment strategies are based on proprietary trading strategies that include the ability to go long and/or short.
Alternative Multi-StrategyFunds that, by prospectus language, seek total returns through the management of several different hedge-like strategies. These funds are typically quantitatively driven to measure the existing relationship between instruments and in some cases to identify positions in which the risk-adjusted spread between these instruments represents an opportunity for the investment manager.
Basic MaterialsFunds that invest primarily in the equity securities of domestic and foreign companies engaged in manufacturing chemicals; construction materials; glass; paper, forest products, and related packaging products; and base metals, minerals, and mining products including steel.
California Intermediate Municipal DebtFunds that invest primarily in municipal debt issues that are exempt from taxation in California, with dollar-weighted average maturities of five to ten years.
California Municipal DebtFunds that limit assets to those securities exempt from taxation in California (double tax-exempt) or city (triple tax-exempt).
California Short/Intermediate Municipal DebtFunds that invest primarily in municipal debt issues that are exempt from taxation in California, with dollar-weighted average maturities of one to five years.
California Tax-Exempt Money MarketFunds that invest in municipal obligations of California (double tax-exempt) or city (triple tax-exempt) with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
China RegionFunds that concentrate their investments in equity securities whose primary trading markets or operations are concentrated in the China region or in a single country within this region.
Commodities AgricultureFunds that invest primarily in agricultural commodity-linked derivative instruments or physicals.
Commodities Base MetalFunds that invest primarily in base-metal commodity-linked derivative instruments or physicals.
Commodities EnergyFunds that invest primarily in energy-related commodity-linked derivative instruments or physicals.
Commodities GeneralFunds that invest primarily in a blended basket of commodity-linked derivative instruments or physicals.
Commodities Precious MetalsFunds that invest primarily in precious-metal commodity-linked derivative instruments or physicals.
Commodities SpecialtyFunds that invest primarily in commodity-linked derivative instruments or physicals of sectors or strategies not previously mentioned. These include leveraged or short-biased offerings.
Consumer GoodsFunds that invest primarily in the equity securities of domestic and foreign companies engaged in manufacturing and distributing consumer goods such as food, beverages, tobacco, and nondurable household goods and personal products.
Consumer ServicesFunds that invest primarily in the equity securities of domestic and foreign companies engaged in providing consumer services, including the services segment of hotels, restaurants, and other leisure facilities; media production and services; and consumer retail and services.
Convertible SecuritiesFunds that invest primarily in convertible bonds and/or convertible preferred stock.
Core BondFunds that invest at least 85% in domestic investment-grade debt issues (rated in the top four grades) with any remaining investment in non-benchmark sectors such as high-yield, global, and emerging market debt. These funds maintain dollar-weighted average maturities of five to ten years.
Core Plus BondFunds that invest at least 65% in domestic investment-grade debt issues (rated in the top four grades) with any remaining investment in non-benchmark sectors such as high-yield, global, and emerging market debt. These funds maintain dollar-weighted average maturities of five to ten years.
Corporate Debt A-RatedFunds that invest primarily in corporate debt issues rated "A" or better or government issues.
Corporate Debt BBB-RatedFunds that invest at least 65% of their assets in corporate and government debt issues rated in the top four grades.
Dedicated Short-BiasFunds that employ portfolio strategies consistently creating a "net short" exposure to the market. This classification also includes short-only funds, i.e., funds that pursue short sales of stock or stock index options.
Emerging Market Hard Currency DebtFunds that seek either current income or total return by investing at least 65% of total assets in emerging market debt securities, where "emerging market" is defined by a country's GNP per capita or other economic measures.
Emerging MarketsFunds that seek long-term capital appreciation by investing at least 65% of total assets in emerging market equity securities, where "emerging market" is defined by a country's GNP per capita or other economic measures.
Emerging Markets Local Currency DebtFunds that seek either current income or total return by investing at least 65% of total assets in debt issues denominated in the currency of their market of issuance. "Emerging market" is defined by a country's GNP per capita or other economic measures.
Energy MLPFunds that invest primarily in Master Limited Partnerships (MLPs) engaged in the transportation, storage and processing of minerals and natural resources.
Equity IncomeFunds that, by prospectus language and portfolio practice, seek relatively high current income and growth of income by investing at least 65% of their portfolio in dividend-paying equity securities.
Equity LeverageDiversified and non-diversified equity funds that seek daily investment results of more than 100% of the daily performance of a stated benchmark through any combination of futures contracts, derivatives, and leverage.
European RegionFunds that concentrate their investments in equity securities whose primary trading markets or operations are concentrated in the European region or a single country within this region.
Financial ServicesFunds that invest primarily in equity securities of domestic companies engaged in providing financial services, including but not limited to banks, finance companies, insurance companies, and securities/brokerage rms.
Flexible IncomeFunds that emphasize income generation by investing at least 85% of their assets in debt issues and preferred and convertible securities. Common stocks and warrants cannot exceed 15%.
Flexible PortfolioFunds that allocate their investments to both domestic and foreign securities across traditional asset classes with a focus on total return. The traditional asset classes utilized are common stocks, bonds, and money market instruments.
General and Insured Municipal DebtFunds that either invest primarily in municipal debt issues rated in the top four credit ratings or invest primarily in municipal debt issues insured as to timely payment.
General BondFunds that do not have any quality or maturity restrictions. These funds intend to keep the bulk of their assets in corporate and government debt issues.
General U.S. GovernmentFunds that invest primarily in U.S. government and agency issues.
General U.S. TreasuryFunds that invest primarily in U.S. Treasury bills, notes, and bonds.
Global Equity IncomeFunds that, by prospectus language and portfolio practice, seek relatively high current income and growth of income by investing at least 65% of their portfolio in dividend-paying equity securities of domestic and foreign companies.
Global Financial ServicesFunds that invest primarily in equity securities of domestic and foreign companies engaged in providing financial services, including but not limited to banks, finance companies, insurance companies, and securities/ brokerage rms.
Global Health/BiotechnologyFunds that invest primarily in the equity securities of domestic and foreign companies engaged in healthcare, medicine, and biotechnology.
Global IncomeFunds that state in their prospectus that they invest primarily in U.S. dollar and non-U.S. dollar debt securities of issuers located in at least three countries, one of which may be the United States.
Global InfrastructureFunds that invest primarily in equity securities of domestic and foreign companies engaged in an infrastructure industry, including but not limited to transportation, communication and waste management.
Global Large-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies both inside and outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's global large-cap floor. Global large-cap core funds typically have average characteristics compared to their large-cap-specific subset of the MSCI World Index.
Global Large-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies both inside and outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's global large-cap floor. Global large-cap growth funds typically have above-average characteristics compared to their large-cap-specific subset of the MSCI World Index.
Global Large-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies both inside and outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's global large-cap floor. Global large-cap value funds typically have below-average characteristics compared to their large-cap-specific subset of the MSCI World Index.
Global Multi-Cap CoreFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Global multi-cap core funds typically have average characteristics compared to the MSCI World Index.
Global Multi-Cap GrowthFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Global multi-cap growth funds typically have above-average characteristics compared to the MSCI World Index.
Global Multi-Cap ValueFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Global multi-cap value funds typically have below-average characteristics compared to the MSCI World Index.
Global Natural ResourcesFunds that invest primarily in the equity securities of domestic and foreign companies engaged in the exploration, development, production, or distribution of natural resources (including oil, natural gas, and base minerals) and/or alternative energy sources (including solar, wind, hydro, tidal, and geothermal).
Global Real EstateFunds that invest at least 25% but less than 75% of their equity portfolio in shares of companies engaged in the real estate industry that are strictly outside of the U.S. or whose securities are principally traded outside of the U.S.
Global Science and TechnologyFunds that invest primarily in the equity securities of domestic and foreign companies engaged in science and technology.
GLOBAL Small/Mid-CapFunds that, by portfolio practice, invest at least 75% of their equity assets in companies both inside and outside of the U.S. with market capitalizations (on a three-year weighted basis) below Lipper's global large-cap floor.
Global/International Small/Mid-Cap StockA super-category, defined by Personal Fund, that includes Global and International Small- and Mid-Cap stock funds, of either Value, Growth or Core styles.
Global/International StockA super-category, defined by Personal Fund, that includes Global and International Large-Cap and Multi-Cap stock funds, of either Value, Growth or Core styles, i.e. all Global and International not limited by industry sector or geographic region and excluding specifically Small-Cap and Mid-Cap funds.
GNMAFunds that invest primarily in Government National Mortgage Association securities.
Health/BiotechnologyFunds that invest primarily in the equity securities of domestic companies engaged in healthcare, medicine, and biotechnology.
High YieldFunds that aim at high (relative) current yield from fixed income securities, have no quality or maturity restrictions, and tend to invest in lower-grade debt issues.
High Yield Municipal DebtFunds that typically invest 50% or more of their assets in municipal debt issues rated BBB or less.
IncomeFunds that normally seek a high level of current income through investing in income-producing stocks, bonds, and money market instruments.
India RegionFunds that concentrate their investments in equity securities with primary trading markets or operations concentrated in the India region.
IndustrialsFunds that invest primarily in the equity securities of domestic and foreign companies engaged in manufacturing and distributing capital goods including aerospace & defense, engineering, and building products; electrical equipment; industrial machinery; commercial services and supplies including printing, employment, environmental, and office services.
Inflation-Protected BondFunds that invest primarily in inflation-indexed fixed income securities. Inflation-linked bonds are fixed income securities structured to provide protection against inflation.
Institutional Money MarketFunds that invest in high-quality financial instruments rated in the top two grades with dollar-weighted average maturities of less than 90 days. These funds are commonly limited to 401(k) and pension participants and often require high minimum investments and have lower total expense ratios relative to other money market funds. They intend to keep constant net asset value.
Institutional Tax-Exempt Money MarketFunds that invest in municipal obligations with dollar-weighted average maturities of less than 90 days. These funds are commonly limited to 401(k) and pension participants and often require high minimum investments and have lower total expense ratios relative to other money market funds. They intend to keep constant net asset value.
Institutional U.S. Government Money MarketFunds that invest principally in financial instruments issued or guaranteed by the U.S. government, its agencies, or its instrumentalities with dollar-weighted average maturities of less than 90 days. These funds are commonly limited to 401(k) and pension participants and often require high minimum investments and have lower total expense ratios relative to other money market funds. They intend to keep constant net asset value.
Institutional U.S. Treasury Money MarketFunds that invest principally in U.S. Treasury obligations with dollar-weighted average maturities of less than 90 days. These funds are commonly limited to 401(k) and pension participants and often require high minimum investments and have lower total expense ratios relative to other money market funds. They intend to keep constant net asset value.
Intermediate Municipal DebtFunds that invest in municipal debt issues with dollar-weighted average maturities of five to ten years.
Intermediate U.S. GovernmentFunds that invest primarily in securities issued or guaranteed by the U.S. government, its agencies, or its instrumentalities, with dollar-weighted average maturities of five to ten years.
International Equity IncomeFunds that, by prospectus language and portfolio practice, seek relatively high current income and growth of income by investing at least 65% of their portfolio in dividend-paying equity securities of foreign companies.
International IncomeFunds that state in their prospectus that they invest primarily in U.S. dollar and non-U.S. dollar debt securities of issuers located in at least three countries, excluding the United States, except in periods of market weakness.
International Large-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's international large-cap floor. International large-cap core funds typically have average characteristics compared to their large-cap-specific subset of the MSCI EAFE Index.
International Large-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's international large-cap floor. International large-cap growth funds typically have above-average characteristics compared to their large-cap-specific subset of the MSCI EAFE Index.
International Large-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's international large-cap floor. International large-cap value funds typically have below-average characteristics compared to their large-cap-specific subset of the MSCI EAFE Index.
International Multi-Cap CoreFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. International multi-cap core funds typically have average characteristics compared to the MSCI EAFE Index.
International Multi-Cap GrowthFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. International multi-cap growth funds typically have above-average characteristics compared to the MSCI EAFE Index.
International Multi-Cap ValueFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. International multi-cap value funds typically have below-average characteristics compared to the MSCI EAFE Index.
International Real EstateFunds that invest at least 75% of their equity portfolio in shares of companies engaged in the real estate industry that are strictly outside of the U.S. or whose securities are principally traded outside of the U.S.
International Small/Mid-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) below Lipper's international large-cap floor. International small/ mid-cap core funds typically have average characteristics compared to their small/mid-cap-specific subset the MSCI EAFE Index.
International Small/Mid-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) below Lipper's international large-cap floor. International small/mid-cap growth funds typically have above-average characteristics compared to their small/mid-cap-specific subset of the MSCI EAFE Index.
International Small/Mid-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) below Lipper's international large-cap floor. International small/mid-cap value funds typically have below-average characteristics compared to their small/mid-cap-specific subset the MSCI EAFE Index.
JapaneseFunds that concentrate their investments in equity securities of Japanese companies.
Large-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper's USDE large-cap floor. Large-cap core funds have more latitude in the companies in which they invest. These funds typically have average characteristics compared to the S&P 500 Index.
Large-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper's USDE large-cap floor. Large-cap growth funds typically have above-average characteristics compared to the S&P 500 Index.
Large-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper's USDE large-cap floor. Large-cap value funds typically have below-average characteristics compared to the S&P 500 Index.
Latin AmericanFunds that concentrate their investments in equity securities with primary trading markets or operations concentrated in the Latin American region or in a single country within this region.
Loan ParticipationFunds that invest primarily in participation interests in collateralized senior corporate loans that have floating or variable rates.
Maryland Municipal DebtFunds that limit assets to those securities exempt from taxation in Maryland (double tax-exempt) or city (triple tax-exempt).
Massachusetts Municipal DebtFunds that limit assets to those securities exempt from taxation in Massachusetts (double tax-exempt) or city (triple tax-exempt).
Mid-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE large-cap floor. Mid-cap core funds have more latitude in the companies in which they invest. These funds typically have average characteristics compared to the S&P MidCap 400 Index.
Mid-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE large-cap floor. Mid-cap growth funds typically have above-average characteristics compared to the S&P MidCap 400 Index.
Mid-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE large-cap floor. Mid-cap value funds typically have below-average characteristics compared to the S&P MidCap 400 Index.
Minnesota Municipal DebtFunds that limit assets to those securities exempt from taxation in Minnesota (double tax-exempt) or city (triple tax-exempt).
Mixed-Asset Target 2010Funds that seek to maximize assets for retirement or other purposes with an expected time horizon not exceeding December 31, 2010.
Mixed-Asset Target 2015Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2011 to December 31, 2015.
Mixed-Asset Target 2020Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2016 to December 31, 2020.
Mixed-Asset Target 2025Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2021 to December 31, 2025.
Mixed-Asset Target 2030Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2026 to December 31, 2030.
Mixed-Asset Target 2035Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2031 to December 31, 2035.
Mixed-Asset Target 2040Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2036 to December 31, 2040.
Mixed-Asset Target 2045Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2041 to December 31, 2045.
Mixed-Asset Target 2050Funds that seek to maximize assets for retirement or other purposes with an expected time horizon from January 1, 2046 to December 31, 2050.
Mixed-Asset Target 2055+Funds that seek to maximize assets for retirement or other purposes with an expected time horizon exceeding December 31, 2050.
Mixed-Asset Target Allocation Aggressive GrowthFund of funds that, by portfolio practice, maintain at least 80% of assets in equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Mixed-Asset Target Allocation ConservativeFunds that, by portfolio practice, maintain a mix of between 20%-40% equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Mixed-Asset Target Allocation GrowthFunds that, by portfolio practice, maintain a mix of between 60%-80% equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Mixed-Asset Target Allocation ModerateFunds that, by portfolio practice, maintain a mix of between 40%-60% equity securities, with the remainder invested in bonds, cash, and cash equivalents.
Mixed-Asset Target TodayFunds that, by portfolio practice, maintain a conservative mix of equity, bonds, cash, and cash equivalents designed to provide income to investors who are in or close to retirement.
Money Market InstrumentFunds that invest in high-quality financial instruments rated in the top two grades with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
Multi-Cap CoreFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. These funds typically have average characteristics compared to the S&P SuperComposite 1500 Index.
Multi-Cap GrowthFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Multi-cap growth funds typically have above-average characteristics compared to the S&P SuperComposite 1500 Index.
Multi-Cap ValueFunds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Multi-cap value funds typically have below-average characteristics compared to the S&P SuperComposite 1500 Index.
Multi-Sector IncomeFunds that seek current income by allocating assets among several different fixed income securities sectors (with no more than 65% in any one sector except for defensive purposes), including U.S. government and foreign governments, with a significant portion of assets in securities rated below investment-grade.
Natural ResourcesFunds that invest primarily in the equity securities of domestic companies engaged in the exploration, development, production, or distribution of natural resources (including oil, natural gas, and base minerals) and/or alternative energy sources (including solar, wind, hydro, tidal, and geothermal).
New Jersey Municipal DebtFunds that limit assets to those securities exempt from taxation in New Jersey (double tax-exempt) or city (triple tax-exempt).
New York Intermediate Municipal DebtFunds that invest primarily in municipal debt issues that are exempt from taxation in New York, with dollar-weighted average maturities of five to ten years.
New York State Municipal DebtFunds that limit assets to those securities exempt from taxation in New York state (double tax-exempt) or city (triple tax-exempt).
New York Tax-Exempt Money MarketFunds that invest in municipal obligations of New York state (double tax-exempt) or city (triple tax-exempt) with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
Ohio Municipal DebtFunds that limit assets to those securities exempt from taxation in Ohio (double tax-exempt) or city (triple tax-exempt).
Other State Municipal DebtFunds that limit assets to those securities exempt from taxation in a single specified state (double tax-exempt) or city (triple tax-exempt).
Other States Intermediate Municipal DebtFunds that invest in municipal debt issues with dollar-weighted average maturities of five to ten years and are exempt from taxation on a specified city or state basis.
Other States Short/Intermediate Municipal DebtFunds that invest in municipal debt issues with dollar-weighted average maturities of one to five years and are exempt from taxation on a specified city or state basis.
Other States Tax-Exempt Money MarketFunds that invest in municipal obligations of a particular state (double tax-exempt) or city (triple tax-exempt) with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
Pacific Ex-JapanFunds that concentrate their investments in equity securities with primary trading markets or operations concentrated in the Pacific region (including Asian countries) and that specifically do not invest in Japan.
Pacific RegionFunds that concentrate their investments in equity securities with primary trading markets or operations concentrated in the Western Pacific Basin region or a single country within this region.
Pennsylvania Municipal DebtFunds that limit assets to those securities exempt from taxation in Pennsylvania (double tax-exempt) or city (triple tax-exempt).
Precious Metals EquityFunds that invest primarily in equity securities and non-equity-related instruments of the precious metals market. This can include investments in the mining, exploration, or distribution of gold and other precious metals. Funds may also hold bullion.
Real EstateFunds that invest their equity portfolio primarily in shares of domestic companies engaged in the real estate industry.
Retirement IncomeFunds designed to combine professional asset management with professionally managed withdrawals to assist investors in retirement.
S&P 500 IndexFunds that are passively managed and commit by prospectus language to replicate the performance of the S&P 500 Index (including reinvested dividends). In addition, S&P 500 Index funds have limited expenses (advisor fee no higher than 0.50%).
Science and TechnologyFunds that invest primarily in the equity securities of domestic companies engaged in science and technology.
Short Municipal DebtFunds that invest in municipal debt issues with dollar-weighted average maturities of less than three years.
Short U.S. GovernmentFunds that invest primarily in securities issued or guaranteed by the U.S. government, its agencies, or its instrumentalities, with dollar-weighted average maturities of less than three years.
Short U.S. TreasuryFunds that invest primarily in U.S. Treasury bills, notes, and bonds with dollar-weighted average maturities of less than three years.
Short-Intermediate Investment-Grade DebtFunds that invest primarily in investment-grade debt issues (rated in the top four grades) with dollar-weighted average maturities of one to five years.
Short-Intermediate U.S GovernmentFunds that invest primarily in securities issued or guaranteed by the U.S. government, its agencies, or its instrumentalities, with dollar-weighted average maturities of one to five years.
Short-Investment-Grade DebtFunds that invest primarily in investment-grade debt issues (rated in the top four grades) with dollar-weighted average maturities of less than three years.
Short/Intermediate Municipal DebtFunds that invest in municipal debt issues with dollar-weighted average maturities of one to five years.
Small-Cap CoreFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE small-cap ceiling. Small-cap core funds have more latitude in the companies in which they invest. These funds typically have average characteristics compared to the S&P SmallCap 600 Index.
Small-Cap GrowthFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE small-cap ceiling. Small-cap growth funds typically have above-average characteristics compared to the S&P SmallCap 600 Index.
Small-Cap ValueFunds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE small-cap ceiling. Small-cap value funds typically have below-average characteristics compared to the S&P SmallCap 600 Index.
Specialty and MiscellaneousFunds that limit investments to a specific industry (e.g., retailing, paper, etc.) or ones that have not been classified into an existing investment objective.
Specialty Diversified EquityFunds that, by portfolio practice, invest in all market capitalization ranges without restriction. These funds typically have distinctly different strategies and performance, resulting in a low coefficient of determination (r-squared) compared to other U.S. diversified equity funds.
Specialty Fixed-IncomeFunds that, by portfolio practice, invest in fixed income strategies that are outside Lipper's other fixed income classifications. These funds typically have distinctly different performance and strategies, including the use of short positions and leverage.
Stable ValueFunds that aim to provide income while limiting price fluctuations by investing primarily in guaranteed investment contracts (GICs) or wrapped bonds (synthetic GICs).
Tax-Exempt Money MarketFunds that invest in high-quality municipal obligations with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
TelecommunicationFunds that invest primarily in the equity securities of domestic and foreign companies engaged in the development, manufacture, or sale of telecommunications services or equipment.
U.S. All Market StockA super-category, defined by Personal Fund, that includes Multi-Cap Core, Multi-Cap Growth and Multi-Cap Value funds.
U.S. Government Money MarketFunds that invest principally in financial instruments issued or guaranteed by the U.S. government, its agencies, or its instrumentalities, with dollar-weighted average maturities of less than 90 days. These funds intend to keep constant net asset value.
U.S. Large-CapA super-category, defined by Personal Fund, that includes Large-Cap Core, Large-Cap Growth, Large-Cap Value and S+P 500 Index funds.
U.S. Mid-CapA super-category, defined by Personal Fund, that includes Mid-Cap Core, Mid-Cap Growth and Mid-Cap Value funds.
U.S. MortgageFunds that invest primarily in mortgages/securities issued or guaranteed as to principal and interest by the U.S. government and certain federal agencies.
U.S. Small-CapA super-category, defined by Personal Fund, that includes Small-Cap Core, Small-Cap Growth and Small-Cap Value funds.
U.S. Treasury Money MarketFunds that invest principally in U.S. Treasury obligations with dollar-weighted average maturities of less than 90 days. These funds intend to keep a constant net asset value.
Ultra Short ObligationFunds that invest primarily in investment-grade debt issues or better and maintain a portfolio dollar-weighted average maturity between 91 days and 365 days.
UtilityFunds that invest primarily in the equity securities of domestic and foreign companies providing utilities.
Virginia Municipal DebtFunds that limit assets to those securities exempt from taxation in Virginia (double tax-exempt) or city (triple tax-exempt).


Underlying fund data provided under license by Thomson Reuters Lipper.
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