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The distributors of a mutual fund actually sell shares to the public.
Some distributors are part of the fund and simply sell directly tothe public. Others are brokerage houses.
Brokerage houses that distribute shares are called underwriters.
They handle customers' orders to buy and sell shares. Distributors may team up with other brokerages to market a fund. This teaming up results in a selling group. When you contact a fund for sales literature, you are dealing with the distributor.
To learn who guards your money, go to the next screen to learn about the fund's custodian.