Fund Types and Asset Classes

This section contains valuable information on the common types of funds that boards oversee. For each type of fund listed below, you’ll find a high-level summary description, along with links to resources from IDC, ICI, and others. The summary descriptions and linked resources are intended to be starting points for directors interested in learning more and finding additional information.

• Alternative Investment Funds

• Closed-End Funds

• Exchange-Traded Funds

• Fixed-Income Funds

• Money Market Funds

• Target Date Funds