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Definition: These are sometimes referred to as "balanced funds". They're mutual funds that invest in a mix of stocks and bonds (typically 60% stock, 40% bond). They give investors a single option for achieving diversification.
TeenAnalyst Advice: Hybrid funds are great for investors who are looking for a single investment vehicle to create a diversified portfolio. If you don't want to mess around with owning a number of different mutual funds, a hybrid fun will take care of all of this.
As for their expense ratio, expect them to be fairly high. And their returns aren't exceptional, but they certainly provide stability.
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