ETFs

-Passively managed and seek to obtain a rate of return similar to changes in underlying indices

-Trades at any time during trading hours and based on real-time revealed prices.

-Low frequency on investment portfolio changes, and the investment portfolio is fixed unless the constituents of underlying index change.

Mutual Fund

-Actively managed by professionals at the fund company for efficient operation and management.

-Priced and traded at daily closing price.

-Portfolio changes are frequent and are based on the manager’s discretion to make changes to the portfolio.