2007 Investment Company Fact Book


section 1: Overview of U.S.-Registered Investment Companies

Sources of Investment Company Growth in 2006

Number of Investment Companies and Types of Intermediaries

Role of U.S. Investment Companies in Financial Markets

Investment Company Employment

section 2: Recent Mutual Fund Trends

U.S. Mutual Fund Assets

Developments in Mutual Fund Flows

Demand for Long-Term Mutual Funds

Demand for Money Market Mutual Funds

section 3: Exchange-Traded Funds and index mutual funds

What Is an ETF?

Key Differences Between ETFs and Mutual Funds

Demand for ETFs and Index Mutual Funds

section 4: Closed-End Funds

Assets in Closed-End Funds

Number of Closed-End Funds

Characteristics of Closed-End Fund Investors

Section 5: Mutual Fund Fees and Expenses

Trends in Mutual Fund Fees and Expenses

Shareholder Demand for Lower-Cost Funds

Factors Infuencing Mutual Fund Fees and Expenses

Rule 12b-1 Fees

section 6: Characteristics of Mutual Fund Owners

Individual and Household Ownership

Where Individuals Own Mutual Funds

Shareholder Preferences for Fund Information

Institutional Ownership

SECTION 7: The Role of Mutual Funds in Retirement and Education Savings

The U.S. Retirement Market

Individual Retirement Accounts

Defined Contribution Plans

Mutual Funds' Role in Households' Retirement Savings

Mutual Funds’ Role in Households’ Education Savings

Data Tables

Section 1: U.S. Mutual Fund Totals

Section 2: Closed-End Funds, Exchange-Traded Funds, and Unit Investment Trusts

Section 3: U.S. Long-Term Mutual Funds

Section 4: U.S. Money Market Mutual Funds

Section 5: Additional Categories of U.S. Mutual Funds

Section 6: Institutional Investors in the U.S. Mutual Fund Industry

Section 7: Worldwide Mutual Fund Totals

Appendix A: How mutual Funds and investment companies Operate

The Origins of Pooled Investing

The Different Types of U.S. Investment Companies

The Organization of a Mutual Fund

Fund Entities and Service Providers

Fund Pricing: Net Asset Value and the Pricing Process

Tax Features of Funds

Appendix B: ICI Statistical Releases and Research Publications

ICI Statistical Releases

ICI Research


timeline: Significant Events in Fund History

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