Fi360 receives several universes via different data feeds. These universes include:
Collective Investment Trust - Only available to qualified retirement plans.
ETF - ETFs are not mutual funds in the traditional sense; rather, they are hybrid instruments combining aspects of common stocks and mutual funds and offering many the benefits of both. ETFs are products that trade like stocks on the American Stock Exchange. They mimic stock indexes and are passively managed just like an index fund. Since ETFs trade throughout the day like a stock, investors have the ability to choose the timing, know the price of the transaction, and are subject to commission charges for each buy and sell trade executed.
FV Mutual Fund - Only available in 401(k) insurance products.
GRPA - Group Retirement Plan Annuities (GRPAs) are unregistered group annuities, primarily used in 401(k) qualified, but also 403(b) and 457 retirement plans. They are segregated, usually pooled, investment portfolios, separate from the general investment portfolios established by life insurance companies. State insurance boards, not the SEC, regulate these products.
Money Market -
Open-ended Mutual Fund - Pools of assets that offer smaller investors the benefit of professional management and economies of scale. Can issue unlimited amounts of shares and redeem them on demand.
Principal Z-Rate Fund
Separate Account - Fund held by an insurance group and is maintained separately from the insurer's general assets.
Transamerica - GRPAs from Transamerica's direct feed.
Variable Annuity - Contracts sold by insurance companies where future payments can be made based on the performance of the contracts underlying securities.