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Part: 5 Here's Our Advice > Glossary - Pg. 288

Glossary 288 family of funds Mutual funds operated by the same investment-management company. Fund families generally offer investors the ability to transfer money between funds within the family at no charge. financial planner A person who counsels and advises individuals or corporations with respect to evaluating fi- nancial status, identifying goals, and determining ways in which the goals can be met. Financial planning as an industry (and planners as practitioners) is largely part unregulated. fixed annuity A stream of steady payments for a specific period or for the lifetime of an individual and (if elected) a beneficiary, depending on the terms of the annuity contract. Insurance companies sell fixed annuities to people who desire a fixed income. fixed-income investments Bonds, notes, and other securities that pay a specified interest rate over a specified period. front-end load The sales commission charged at the time of purchase of a mutual fund, insurance policy, or other product. GIC See guaranteed investment contract (GIC). global fund See world or global stock fund. government bond mortgage fund A mutual fund that seeks income generally by investing at least 65 percent of its assets in securities backed by mortgages, such as securities backed by the Government National Mort- gage Associations (GNMA), the Federal National Mortgage Association (FNMA), or the Federal