51.   A closed-end fund has a set number of shares that trade on a stock exchange.

52.   A fund could have four stars from Morningstar and a negative performance, he suggested.

53.   A fund might have a redemption charge if held less than two years, but none after that point.

54.   A leveraged fund may have trouble, though, maintaining its dividend.

55.   A retirement fund owns stocks and bonds and other investments but cannot itself finance the spending of the retirees unless the fund has money in the bank first.

56.   A spokesman for Tiger Management said Friday that the fund had plenty of ready cash and could cover its investor redemptions four times over.

57.   A strong track record over the long haul indicates that a fund has weathered good and bad markets.

58.   According to Morningstar, at least a dozen funds have more than half their assets in nonrated muni bonds.

59.   Active managers also argue that their funds will have advantages when the market turns down.

60.   Actively managed funds have periods where they do better than index funds and that day will come again, she said.