21.   His regional bank fund owns Alabama institutions like Regions Financial and AmSouth Bancorp.

22.   In fact, most income-oriented equity funds own some convertibles.

23.   International Speedway, which the Limited Edition fund has owned for five years, is a good example.

24.   Investors own shares in the fund, which makes them a part owner of each investment the fund owns.

25.   It has spent millions of dollars to produce new statements, which typically display the amount spent on its funds and even non-Fidelity funds owned in a brokerage account.

26.   Loewenstein said the John Hancock fund he manages owns Intel shares.

27.   Mutual funds give you automatic diversification because most funds own dozens of different companies.

28.   Price has taken an active role in companies his fund owns, pressuring management to cut costs and make other changes to boost their stock price.

29.   Real estate funds own shares of real estate investment trusts or REITs, which invest in apartment and office buildings, hotels, shopping centers and other properties.

30.   Say a fund owns several bank stocks, and you think that rising interest rates will hurt bank earnings in the coming months.