PILOT CLUB OF TITUSVILLE is a member of Pilot International, a global organization celebrating ninety-one exciting years of history-making service programs and projects. Chartered May 25, 1957 by the Pilot Club of Jacksonville, Florida.
Mutual funds can be bought and sold daily. However, unlike equities and other types of securities that trade on the secondary market throughout each trading day, share transactions in a fund are carried out once each day after the close of market at 4 p.m. Eastern Time.
In a bond mutual fund, the managers constantly buy and sell bonds. The daily share price of the fund reflects the bonds' current market value, minus fees. When interest rates go up, bond values go down -- and so does the share price of bond mutual funds.hey appear to be safer than bond mutual funds. Just this week, I caught the following headline in an investment publication: Individual bonds can help protect income.. That's 100 percent wrong. Individual bonds deprive you of extra income when interest rates go up, as well as expose you to other risks.