On March 24,1924, the first mutual fund was opened in the U.S.  Over time, tens of thousands of fund options have been created and offered to the public.  Participants in the OPEN 401(k) plan will have access to institutional, index and no-load/no commission fund options. Additionally, there no embedded revenue sharing costs embedded in the expense structure.

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An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as a stock or bond index. ETFs' may be attractive as investments because of their low costs, tax efficiency, and stock-like feature.

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A Glide Path Fund is specially designed to provide each participant an asset allocation portfolio that is also referred to as a Target Date Fund.  Definition of 'Glide Path' refers to a formula that defines the asset allocation mix of a target date fund, based on the number of years to the target date. The glide path creates an asset allocation that becomes more conservative  (i.e., includes more fixed income assets and fewer equities) the closer a fund gets to the target date.

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The portfolio management process is the process an investor takes to aid him in meeting his or her investment goals. The procedure is as follows: ... Develop an Investment Strategy - This entails creating a strategy that combines the investor's goals and objectives with current financial market and economic conditions.

fi360’s Prudent Practices™ comprise a step-by-step investment process that ensures an investment strategy is being properly developed, implemented, and monitored according to both legal and ethical obligations. The Prudent Practices for Investment Managers are for professionals who have discretion to select specific securities for separate accounts, mutual or exchange-traded funds, commingled trusts, and unit trusts.
                           

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