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Dollar-Cost Averaging

Mutual funds pool the money of many investors who share similar objectives, creating diversified portfolios under professional management. A mutual fund may invest its shareholders’ money in stocks, bonds, or both. Some mutual-fund companies provide families of funds, allowing you to switch your money from one fund to another as your investment objectives change.

Many funds allow an initial investment as low as $250-$1,000 and can provide convenient reinvestment of dividends and capital gains. Many also allow you to take advantage of a proven investment discipline called dollar-cost averaging—investing the same number of dollars at regular intervals—through convenient payroll deduction.

We offer a variety of stock, bond, and balanced (stock-and-bond) mutual funds from several companies—including municipal-bond funds designed to yield maximum tax-exempt income. We also offer unit investment trusts (UITs) which provide diversified portfolios of municipal, public debt, and equity securities.