23 Miss. Code. R. 103-4.13 - Mutual Fund Shares
A. General.
1. A mutual fund is a company whose primary
business is buying and selling securities and other investments.
2. Types of mutual funds include growth
funds, income funds, balance funds, municipal bonds, money market funds, load
funds, no load funds.
B.
Treatment
1. Shares in a mutual fund represent
ownership in the investments held by the fund and their value is a countable
resource.
2. Such investments may
be pooled assets (such as stocks or bonds, managed by an investment company).
In this event, a mutual fund share represents ownership interest in this pool
as opposed to a specific stock.
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