Diversified Investment company
(Diversified Mutual Fund
)
Diversified investment company - under the Investment Company Act of 1940, an investment company, with respect to 75% of its portfolio, can have no more than 5% of it invested in any one security and can own no more than 10% of the voting rights in one company.
(This can get difficult for them to maintain if one of the stocks they have a large position in skyrockets, or if the company they are investing in is small and a worthwhile investment for the investment company will be more than 10% of the voting rights).
75% specified
25% any manner
Not more that 10% ownership in any one company
Not more than 5% invested in any one company.
