A fund is a range of stocks and shares purchased with a 'pool' of money received from a large number of investors. The type of stocks and shares purchased are those that aim to help the fund achieve its objectives. OEIC funds are divided into shares; unit trusts are divided into units. The number of shares or units you receive is dependent on the amount you invest and the price of the shares or units at the time of your investment.

Your financial advisor will be able to help you choose which fund is right for you. 7IM clients are risk profiled as part of our initial investment advice. See similar questions...

To do an Inter Switch, go to the "Transaction" tab, and select "Inter Fund House". You can then select the fund you want to switch out of and the fund you want to switch into. So an inter-switch is essentially a Sell and a Buy order. The sales proceeds from the Cash Fund will be used to buy into another unit trust. By doing a switch, you do not need to wait till you receive your proceeds to effect a purchase. See similar questions...

Purchase a specialty Organ Donor license plate. In order to purchase an Organ Donor License plate, a $25 donation is required for a one-year plate, and $50 donation for a two-year plate. Learn more about the plate at www.dhss.mo.gov/organdonor/GenericPlateLetterDHSS.pdf. See similar questions...

A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Investors purchase units of the trust which represent an undivided ownership in the entire portfolio. UITs have a termination date that can range from one year to thirty or more years, depending on the type of holdings in the portfolio, and can fill a variety of investment goals and risk tolerance levels. See similar questions...

such buy orders will be treated as an inter-switch order, i.e. a switch from your Cash Fund into a unit trust, you will receive a Switch order email confirmation from us. You will receive 3 emails in total from us: one when we receive your online buy order, second when your switch-sell fund has been priced and the third when your switch-buy fund has been priced. See similar questions...

Previously, you could use your balance in your FSM Cash Account, mail a cheque or make an Internet transfer payment for your cash purchases and your orders would only be transacted if received before 3pm on the same business day. With the new Cash Fund, as long as there are sufficient holdings in your Cash Fund, the holdings can be used for your cash purchases immediately on the T date, where T is the day when we process your buy order. See similar questions...

Funding a trust entails transferring assets you own as an individual into the name of your trust. For some assets, our law firm makes the transfers and prepares the documents for you to sign, for example, real estate. For other assets that our law firm is unable to change for you, we will give you instructions as to how title is changed, and will provide you with the necessary paperwork. See similar questions...

A unit trust is a pooled investment vehicle whereby individuals pool their savings together and invest in shares, property, fixed interest or other types of securities. The administration and management of a trust is handled by a Manager who accepts contributions from investors and invests on their behalf. The legal ownership of the trust vests with the Trustee on behalf of the investors. See similar questions...

The Receiver has filed civil litigation against parties we believe to be responsible for the Trust fund shortfall. [Click here to read the Receiver's civil litigation]. The litigation process is ongoing and the web-site will be updated as appropriate. Additionally, various state and federal agencies are conducting criminal investigations into the Trust fund shortfall. The Receiver is cooperating fully with these agencies. See similar questions...

Child Trust Funds (CTFs) became available in January 2005, with the government saying they would be issued by April 2005 'at the latest'. Each child born on or after 1 September 2002 will receive an initial lump sum payment of ?250 (?500 for poorer families) from the government. A voucher will be sent to the Child Benefit claimant, usually the parent, which is then used to open a CTF account with the provider of their choice, likely to be a bank, building society or investment company. See similar questions...

Anyone may apply for an appropriation from the Environment and Natural Resources Trust Fund providing the proposal is consistent with public purposes. However, many more proposals are received than can be funded. Past recipients include state agencies, local governments, colleges and universities, school districts, and non-profit organizations. See similar questions...

The State Board of Investment, the agency charged with the administration and direction of all state funds, is responsible for the management of the Environment and Natural Resources Trust Fund. The Trust Fund does not receive 40 percent of Lottery sales. It receives 40 percent of net Lottery proceeds, the amount left after all expenses are paid. By far the largest expense is the payment of prizes, accounting for approximately 60 percent of all lottery sales. See similar questions...

The Environment and Natural Resources Trust Fund was established following voter approval of a constitutional amendment in November 1988. The first lottery proceeds were deposited in the fund in May 1990. In November 1990, voters approved dedication of 40 percent of net lottery proceeds to the Trust Fund through December 2000. This dedication was continued through December 2024 after passage of a constitutional amendment in November 1998. See similar questions...