A person whose spouse has died within the tax year and who may file a joint tax return for that year. Additionally, the surviving spouse can file joint returns for the next two years if they remain unmarried and maintain a household as the principal residence for a dependent child.
Specialized Mutual Fund
[SPESH-uh-lized MYOO-choo-uhl fund]
What is the definition of Specialized Mutual Fund?
A mutual fund that confines its investments to a specific sector of the marketplace, focusing on a particular industry, geographic region, or type of security.
Using Specialized Mutual Fund in an Example
A specialized mutual fund might invest solely in technology companies, benefiting from the growth potential of tech stocks while also bearing sector-specific risks, such as rapid obsolescence or regulatory changes affecting only the tech industry.
Using Specialized Mutual Fund in a sentence
During our investment meeting, the advisor recommended adding a specialized mutual fund focused on renewable energy to diversify our portfolio towards more sustainable assets.
Related Terms
Swap
A financial contract in which two parties agree to exchange streams of payments over a specified period, based on different indices such as interest rates, foreign exchange rates, or equity indices, applied to a notional amount. Swaps typically do not involve the exchange of principal.
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