Specialty Fund

A mutual fund with a particular focus, such as a single industry or sector, a group of related industries, industries within a particular region, or nonfinancial assets, such as real estate. Mutuals funds are sold by prospectus; a prospectus contains complete information on risks, fees and expenses, and should be read carefully before investing. (G) Funds that concentrate its investments in one region or industry may carry greater risk than more broadly diversified funds.