The funds compete and account holders can switch among them at will.
Over all, the three funds account for one-quarter of the $750 million under management at the Papps' shop.
Such funds accounted for 10 percent of the net sales of the fund industry in 1999.
By 1929, open-end funds accounted for only 5% of the industry's $27 billion in total assets.
Each fund accounts for specified items of income and expenditure.
Last year, just six funds accounted for more than half of the $1.3 billion raised.
Those funds account for about 40 percent of Life Force's budget.
By 1979, the fund accounted for about 30 percent of the kingdom's foreign economic aid.
I should point out that the funds available for regions with problems account for one third of the total budget.
Today, funds account for only 12 percent of their portfolio because the market has been so strong the last three years.