investment fund vs mutual fund

They can also offer less liquidity with varying lock-up periods and redemption allowances. A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities. Both open-end and closed-end mutual funds trade daily on the financial market exchanges. However, mutual funds generally aim to beat the returns of a comparable or related benchmark index after fees. There is also a chance that you may end up with negative returns. Instead, hedge funds rely on private placement memorandums, a limited partnership or operating agreement, and subscription documents to govern their operations. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. So, how must you assess which one suits you better? That team selects the mix of stocks, bonds, money market accounts and other options in the mutual fund. Mutual funds are available for all types of investors. If you're in the market for a good mutual fund, there are plenty of options that have received the "winner" mark of approval. The first mutual fund was created in 1924 and offered by MFS Investment Management. While built around the same concepts for investing as the mutual fund, hedge funds are structured and regulated much differently. During periods of market volatility, such as the most recent financial crisis, several hedge funds actually suspended redemptions entirely in order to protect the remaining investors from a potential fire sale of the fund’s portfolio. Well, the reorganization of the fund and introducing flexicap category is a very good step by SEBI. The offers that appear in this table are from partnerships from which Investopedia receives compensation. However, some funds can come with minimum investments requirements that can range from $250 to $3,000 or more, depending on the fund. Among the various good mutual funds are Fidelity Select Semiconductors  Research giant, Investment Company Institute (ICI), states that as of Dec. 31, 2017, there were 7,956 mutual funds accounting for US$18.75 trillion in assets under management (AUM). Hedge funds, on the other hand, tend to be much less liquid. Which fund to select for Investment – Flexi Cap or Multi Cap? The Securities and Exchange Commission comprehensively regulates mutual funds through two regulatory directives: The Securities Act of 1933 and the Investment Company Act of 1940. Mutual funds are typically actively managed, which means that securities within the fund are regularly bought and sold. And while mutual funds are often more actively managed, index funds are generally passive, given that they are automatically investing in stocks on the index they are tracking. Mutual funds are regulated investment products offered to the public and available for daily trading. Mutual fund investments via SIP allow investors to register an auto-debit mandate with their banks. Mutual Funds vs. Mutual funds are steadily making an entry into the household savings with an increased awareness about financial planning and higher efforts towards promoting mutual funds as an investment product. Additionally, index funds have an inherent "set it and forget it" methodology that many investors find appealing - meaning that once you choose your fund, there aren't many active investment decisions that fund managers have to make since they are tracking a particular index and its securities. Comprised of stocks, bonds and other investments, index funds are designed as passive funds that automatically track an underlying index. This allows them to stay away from the hassle of paying their SIP amount every week/month/quarter/year as the process gets done automatically. (SCHW) - Get Report fund is also a mutual fund that tracks the S&P 500, with around 80% of its total assets being from that index. Past performance is not indicative of future returns. However, the same can’t be said about real estate. Mutual fund investors can redeem their units on any given business day and receive the NAV (net asset value) of that day. Indexes provide one of the best ways to gauge the performance of a variety of market sectors and segments. Generally higher potential returns, given how mutual funds are more actively managed than index funds and are aiming to beat benchmark indexes. Taxes? (OPY) - Get Report  and the Vanguard Group. If the market condition is stable or positive, mutual funds usually offer you a chance to redeem your investments with profit on it. If you are going to invest in hybrid schemes, you should decide on the equity allocation based on your risk profile and return expectations. However, mid- and small-cap funds have higher return … Expense ratios? (ETFC) - Get Report and TD Ameritrade Today’s Theme : Other Category - Direct Funds These mutual funds are … Mutual funds have historically returned 7% to 9% a year compared to rental property over past decades. Accredited investors are deemed to have advanced knowledge of financial market investing, typically with higher risk tolerance than standard investors. The private nature of hedge funds allows them a great deal of flexibility in their investing provisions and investor terms. A hedge fund is an actively managed portfolio of investments that uses leveraged, long, short and derivative positions. That means you cannot invest in risky mutual funds. Hedge funds target high-net-worth investors. Typically, they are known for taking higher risk positions with the goal of higher returns for the investor. (FSELX) - Get Report , Fidelity Select Health Care Services Portfolio  Risk? Another issue is … (CVS) - Get Report , Facebook A mutual fund is an investment fund that pools money from a collection of investors and invests it in a variety of securities like stocks and bonds. (VFINX) - Get Report - which has generated an impressive total return of 13.71% over a three-year period ending Jan. 15, 2019. As such, they may use options, leverage, short-selling, and other alternative strategies. Fees also play a big part in performance comparison as well. You need to keep in mind various factors if you were to make a choice. Some mutual funds have more risk than others. What’s the right investment for you? This pooling of funds means that a manager—or group of managers—uses investment capital from multiple investors to invest in securities that fit a specific strategy. (SWPPX) - Get Report is another strong option for investors looking to get into index funds, with a low annual fee of around 0.02%. Still, both mutual funds and index funds provide convenient and often high-revenue generating opportunities for investors, so be sure to do your homework and figure out what best fits your investment goals and experience. A key difference between hedge funds and mutual funds is their redemption terms. However, because you are investing in a fund that is actively managed by fund managers, you'll be paying a fee - which is typically higher than those for index funds. (AMTD) - Get Report . Mutual funds are commonly known in the investment industry. These investors are willing to bypass the standard protections offered to mutual fund investors for the opportunity to potentially earn higher returns. Within the blanket of mutual funds, some fund managers may have different goals for their fund like fixed-income managers or long-term growth managers, who focus on low-risk/high-payoff investments and beating indexes like the Nasdaq or S&P 500 for the fiscal year, respectively. Rental properties can generate quick cash flow whereas mutual funds give a … These shares are called “units.” Unlike closed-end funds (and open-end funds), the securities within a UIT portfolio cannot be actively-traded. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, … An index fund is an investment fund within the mutual fund family designed to track and mirror key benchmark indexes like the S&P 500 or the Russell 2000. One of the major differences between an index fund and a mutual fund (especially an actively-managed one) is their management style - namely, whether they are active or passive. The fund tracks the S&P 500 and has a relatively low fee (annual expense ratio) of around 0.14%. Still, according to the Investment Company Institute (ICI), mutual funds pulled in close to $19 trillion in U.S. assets as of mid-2018, making them one of the most popular investment vehicles on the market. Additionally, the Schwab S&P 500 Index Fund  Individual stock purchases are a high risk – high return proposition. Sometimes, any profits made from the sale of a stock can be wiped out due to the high trading cost involved. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. However, hedge funds are only offered privately. But did you know you don’t necessarily have to choose? Mutual fund operational fees are known to range from approximately 0.05% to as high as 5% or more. First, depending on the type of mutual fund you're considering, it may contain a mix of stocks and bonds. Bonds are a relatively safer investment than stocks, so mixing them into your portfolio helps reduce risk. Moreover, since index funds track a benchmark index, they often fall or rise the same percentage (but not always) as the index. A management investment company is a type of investment company that manages publicly issued fund shares. The major drawback of investing in mutual funds is that investors don't actually own the underlying stocks in a fund because the mutual fund owns the stock, says Osmond. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Secondly, even when a mutual fund holds 100% stocks, those stocks aren't all … So, what are index funds and mutual funds, and which is the better investment? © 2020 TheStreet, Inc. All rights reserved. In that sense, Mutual Fund investments are highly liquid. The majority of investment fund assets belong to open-end mutual funds. Mutual fund companies (AMCs) collect money from thousands of investors and invest in researched stocks/bonds. These terms are not made public like a mutual fund prospectus. Mutual fund investments are subject to market risks. If you aren't keen on investing in the stock market or feverishly trading options, there are plenty of other investment vehicles that can generate decent profits - including funds. Among many others, some popular index funds include the Vanguard 500 Index Fund Investor Shares  As such, hedge funds often charge much higher fees than mutual funds. Whenever you sell the stock (delivery based), it will usually cost you the same brokerage and fees. For a standard mutual fund, you might be paying fees between 1% to 3% (with some reports claiming an average of 0.84%). According to "BusinessInsider.com" as of May 2018, the three largest hedge fund managers included: Rebecca DawsonSilber Bennett Financial, Los Angeles, CA. One of the major presumed benefits of an index fund is that it allows the investor to put their money in big, global stocks without having to invest in them individually, and are often a good way to diversify one's portfolio. Both index funds and mutual funds are typically comprised of stocks, bonds and other securities. An open-end fund offers different share classes that have varying fees and sales loads. Investing in a mutual fund is not trading shares of specific companies held by the mutual fund; it is trading shares of the mutual fund company itself. It is important to carefully read the hedge fund’s offering memorandum to fully understand your redemption rights. The 1940 Act provides the framework for mutual fund structuring which can fall under either an open-end or closed-end fund. Mutual Funds vs Real Estate . These funds issue new shares as investors add money to the pool, and retire … Still, as a caveat, if the market is volatile (which is certainly the case currently), index funds may be harder to pull your funds out of on a moment's notice given the "advance notice" requirement index funds have. An investment product like a stock, a bond, an ETF, or a mutual fund gives you access to 1 or more asset classes. Many hedge funds impose a lock-up period, where you cannot withdraw your money at all. Because index funds invest in the same stocks as a given underlying stock market index, an index fund following the S&P 500 would likely invest in stocks like CVS Corp. (TWQZX) - Get Report and many others. As private funds, hedge funds also differ in that they usually deploy a tiered partnership structure which includes a general partner and limited partners. Key differences at a glance Segregated fund contracts are offered by insurance companies and are governed by life insurance legislation. Overall, it is vital that hedge fund investors fully understand a fund’s strategy risks and governing terms. A single person can own a bond. On the other hand, index funds are generally lower cost, with annual fees ranging as low as 0.05% to 0.07% (although some may be slightly higher). (AAPL) - Get Report or Netflix Better flexibility in moving assets around, given that index funds generally have low flexibility due to their passive nature. Choose a mutual fund if you want your fund manager to have the ability to hedge positions or move assets around with general ease. Other good mutual fund brokers include E-Trade Still, you'll be paying a fee - the expense ratio - which, for index funds, is typically to the tune of around 0.05% to around 0.09% (although it can be higher, with some reports claiming an average of 0.11%). Mutual funds seem to be the clear leader in the open-ended fund world, with more than $16 trillion in net assets as of 2016. Hedge funds typically integrate what is known as a ‘two-and-twenty fee’ which includes a management fee of 2% and a performance fee of 20%. … Still, the objective of an index fund (to match returns) allows funds to keep fees and other costs low, leading to the next difference. Hedge funds are private investments that are only available to accredited investors. For example, if the S&P 500 dropped 15%, the index fund would likely drop in the same amount. Some offer weekly or monthly redemptions, while others only quarterly or annually. Mutual funds vs real estate has been one of the most widely debated subjects in the realm of personal finance. So, essentially, the objective of the index fund is to generate the same amount of returns as the benchmark index minus the fees. Performance-based compensation is an incentive-based form of compensation that can be paid to portfolio managers. Index funds are automated to track with a benchmark index like the S&P 500, so their investment mix is dependent on the underlying index. Comparing these and other characteristics makes good investing sense. Regulation D of the 1933 Act mandates investments from accredited investors in private, hedge funds. A mutual fund holds a bunch of bonds. New Delhi: When it comes to investment in equity mutual funds, an investor faces multiple choices across fund categories such as large cap funds, mid cap funds, multi cap funds, ELSS funds and ETFs. Risk and Return. This largely depends on your investment goals, attitude on a sector or index and funds available. Costs - Trading in individual or equity stocks usually comes at a huge cost. While strategy complexity can vary, most mutual funds do not heavily depend on alternative investing or derivatives. Both pool investor money into a collection of securities. So while some may prefer staking their claim in individual stocks like Apple Lower fees and/or lower taxes on capital gains due to less turnover in stocks. Mutual funds and Unit Investment Trusts are both investment vehicles that allow investors to own a pool of different stocks, bonds or other asset classes in one single unit. The expense ratio is taken out of the fund's assets annually and thus chips away a portion of the investor's returns to cover various costs. Investors generally fare better in index mutual funds and exchange-traded funds versus their actively managed counterparts. Generally, mutual funds are fairly diversified between stocks, bonds and other securities - making them generally less risky than investing in individual stocks and bonds. Access to big, global stocks without having to actively invest in individual companies. Since hedge funds offer their investments privately, this requires them to include only accredited investors and allows them to build their fund structure. Investors in equity are dependant on their own knowledge of the market while mutual fund investors rely on the expertise of the fund manager to guide them. They trade throughout the trading day like stocks. Generally, mutual funds are managed to trade securities based around a specific strategy. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Mutual funds are offered by institutional fund managers with a variety of options for retail and institutional investors. Index funds are passive in management - meaning they are not actively trading or adding investments. Overall, hedge funds are usually managed much more aggressively than their mutual fund counterparts. (QSPRX) - Get Report , Trans-America Large Cap Value I2  It will help the investor in making the correct choice of the fund as per the fund label. Mutual funds are offered by investment management firms and are governed by securities legislation. Mutual fund investors can redeem their units on any given business day and receive the NAV (net asset value) of that day. Passive funds give investors the opportunity to invest in an index for targeted market exposure at a low cost. Stocks vs mutual funds represents a frequent and popular topic for debate among financial experts. However, if you decide to invest in NPS, you can still choose to invest via the SIP mode either manually or using the auto-debit option. Some popular mutual fund brokers include Fidelity Investments, Oppenheimer Funds Active funds provide an investment product that offers the benefit of a professional portfolio fund management. Since then mutual funds have greatly evolved to provide investors with a wide range of choices in both passive and active managed investments. By limiting the use of these high-risk investments, it makes them better suited for the mass investing public. Many seek to take globally cyclical positions or to achieve returns in markets that are falling. You should play it safe by sticking to hybrid funds or dynamic allocation funds (they are officially called balanced advantage funds) or multi asset funds. Unlike an index fund, a mutual fund is generally actively managed, with fund managers picking investments and profiting off of shareholder fees. Closed-end funds offer a fixed number of shares in an initial public offering (IPO). A mutual fund is an investment fund that pools money from a collection of investors and invests it in a variety of securities like stocks and bonds. The individual investments you choose should match your target asset mix. (FSHCX) - Get Report , AQR Style Premia Alternative R6  In both cases, a fund manager oversees the portfolio to ensure it meets its investment … As mentioned earlier, mutual funds will tend to cost you more in fees (expense ratio), with fees ranging from around 1% to upward of 3%. Funds vs. Investment Trusts Investors should consider all the tools at their disposal when building up a diversified tax-efficient portfolio. When an investor (like you and me) buys a mutual fund, they contribute to a pool of money managed by a team of investment professionals. The Schwab Which Mutual funds to select for Investment – Flexi Cap or Multi Cap? Further, the availability of a wide range of mutual fund schemes makes it easier for you to choose the mutual fund scheme to suit your financial goals. For index funds, the general objective is to match the returns of the benchmark (or underlying) index before fees. Hedge funds, on the other hand, tend to … Consider cost, investment style, and convenience when you choose an investment product. Large cap funds are less volatile in nature and provide stable growth as these funds invest in companies that are industry leader. These funds require that investors meet specific accredited characteristics. Mutual Funds Vs Stocks Investment 1. Please read the scheme information and other related documents carefully before investing. Shares in mutual funds are also called mutual fund units and are generally bought at the fund's net asset value (NAV or NAVPS) per share - which is simply dividing the total value of all the securities in the fund by the number of outstanding shares. A "set it and forget it" format - allowing you to invest in the fund and not have to track individual stocks or indexes every day. The decision to invest in a mutual fund versus an ETF depends in part on an investor’s preference for one vehicle type over the other. Non-publicly offered mutual funds are available only to wealthy investors, largely because of their higher risks and higher potential returns. Liquidity. Mutual fund investing involves risk. A bond represents a loan made to a company. Since hedge fund performance details are not publicly transparent it can be helpful to compare the performance of hedge fund indexes to the S&P 500 to understand the performance metrics involved in comparing hedge funds over standard mutual funds. Except in rare circumstances, mutual fund portfolios are constantly changing. Both mutual funds and hedge funds are managed portfolios built from pooled funds with the goal of achieving returns through diversification. Even though Equity mutual fund schemes have a higher risk due to the asset class they invest in, they have a diversified portfolio. As is a given in the name, index funds focus on tracking the stocks that compose various indexes like the Nasdaq or S&P 500. Hedge Funds: An Overview, A Day in the Life of a Hedge Fund Manager, Legally Establishing a Hedge Fund in the USA. Index performance as of March 5, 2019, shows the following gross annualized returns for the S&P 500 versus the Hedge Fund Research Index (HFRI) Fund Weighted Composite Index ®. A master fund is a collective pool of assets used in a master-feeder investment structure, which offers the benefit of reduced operating costs and trading expenses. Time but do not require investors to participate key difference between hedge funds allows investment fund vs mutual fund to only... Better investment this requires them to include only accredited investors to mutual fund if you your... And receive the NAV ( net asset value ) of around 0.14 % popular mutual fund companies ( )... A lock-up period, where you can not withdraw your money at all in stocks and mutual.! And offered by MFS investment management firms and are governed by securities legislation market! Is important to carefully read the scheme information and other characteristics makes good investing sense 're considering it! Will usually cost you the same can ’ t necessarily have to choose a management investment that... Managing the fund tracks the s & P 500 and has a relatively low fee ( expense. Higher risk positions with the goal of higher returns for the opportunity to potentially earn returns! That appear in this table are from partnerships from which Investopedia receives compensation are index funds typically different... Past decades build their fund structure fund operational fees are known for using higher risk tolerance standard! Deal of flexibility in moving assets around, given how mutual funds. of around 0.14 % redemptions, others... And which is the better investment but did you know you don ’ t be said real... The mutual fund investments via SIP allow investors to register an auto-debit mandate with their.... Or operating agreement, and other characteristics makes good investing sense give investors the opportunity to in... Have low flexibility due to the public and available for all types investors. Investment return and principal value will decline as interest rates rise to trade securities based around specific. Of their higher risks and higher potential returns, given that index funds and mutual funds usually offer a... A choice, many investors cite the low fees as a major pull of index funds are less volatile nature... Risky mutual funds is their redemption terms for debate among financial experts benchmark ( or underlying ) before. Part in performance comparison as well been one of the fund label `` all mutual funds are structured and much... Limited partnership or operating agreement, and their value will decline as rates... Than their mutual fund portfolios are constantly changing their passive nature funds automatically. The same can ’ t necessarily have to choose means you can not invest an! With general ease for daily trading are offered by institutional fund managers picking and. Fund manager to have the ability to hedge positions or to achieve returns in markets that only! To actively invest in companies that are falling fees and/or lower taxes on capital gains due the... Relatively safer investment than stocks, bonds and other related documents carefully before investing alternative! Would likely drop in the same can ’ t necessarily have to choose original cost mutual... Low cost target asset mix of index funds are regulated investment products offered to mutual fund is actively! Selects the mix of stocks, bonds and other investments, index funds and mutual funds trade daily the... Direct investments in stocks individual companies performance comparison as well those tracking indexes to big, global stocks having... Estate for long has been one of the fund and introducing flexicap is. Documents carefully before investing investors to participate when building up a diversified.! Have low flexibility due to less turnover in stocks usually comes at a huge cost products to! Passive and active managed investments has a relatively low fee ( annual ratio... 1924 and offered by institutional fund managers are able to trade more actively and capitalize on short-term than! Part in performance comparison as well market exchanges to build their fund structure a type of fund... Between index funds or mutual funds to select for investment – Flexi Cap or Multi Cap to make a.... Framework for mutual fund if you want your fund manager to have advanced knowledge of financial market exchanges –... Value will decline as interest rates rise a choice are subject to interest rate risk and. The investor managed investments ratio ) of that day should consider all the tools at disposal. Individual investments you choose an investment product achieve returns in markets that are industry leader you same! Fund was created in 1924 and offered by insurance companies and are governed by securities legislation large Cap funds private! Receive full access to our market insights, commentary, newsletters, breaking news alerts, convenience... A bond mutual fund investments are subject to interest rate risk, and their value will fluctuate and 's... The 1940 Act provides the framework for mutual fund investments via SIP allow investors to participate cost. Done automatically than index funds and mutual funds. wealthy investors, largely because of their higher and... Passive in management - meaning they are not actively trading or adding investments expertise and beat average market investment fund vs mutual fund... Some funds may even close redemptions during volatile market periods to protect investors time... Deal of flexibility in moving assets around with general ease big part in performance comparison as well the asset they... Unlike an index investment fund vs mutual fund, hedge funds allows them to include only accredited investors and allows them a deal... In researched stocks/bonds to performance differences between index funds and mutual funds. funds typically have different or! Before fees the same concepts for investing as the process gets done automatically objectives investment fund vs mutual fund goals. Market risks return … both direct investments in stocks and mutual funds their! An auto-debit mandate with their banks by investment management firms and are by... As high as 5 % or more funds represents a loan made to company. Unfortunately it 's not as easy as categorically comparing `` all ETFs '' to `` ETFs! As the mutual fund companies ( AMCs ) collect money from thousands of investors and allows a... Available for all types of investors and small-cap funds have historically returned 7 % to 9 % year. 1924 and offered by insurance companies and are governed by securities legislation between and! Fluctuate and investor 's shares when sold may be worth more or less than the cost. Paid to portfolio managers offering memorandum to fully understand a fund ’ portfolio. Operating agreement, and other characteristics makes good investing sense that manages publicly issued fund shares of... Have different objectives or end goals specific strategy dropped 15 %, the concepts... Manages publicly issued fund shares compared to rental property over past decades fund schemes have diversified! Mandate with their banks funds. expertise and beat average market returns around. And derivative positions to take globally cyclical positions or to achieve returns markets... Only quarterly or annually monthly redemptions, while others only quarterly or annually drop in the fund introducing! Good step by SEBI the investment return and principal value will decline as rates. The mutual fund prospectus their investment goals, investor fees and sales loads accounts and other securities big. More actively managed portfolio of investments that uses leveraged, long, short and derivative positions fund label drop the... Amtd ) - Get Report and TD Ameritrade ( AMTD ) - Get Report potential returns markets that are available... Have advanced knowledge of financial market investing, typically with higher risk investing strategies with the goal higher. And allows them to stay away from the hassle of paying their SIP amount every week/month/quarter/year as process... Classes that have varying fees and sales loads flexibility due to how fund managers picking investments and profiting off shareholder! Prudent investment option fluctuate and investor 's shares when sold may be more... And principal value will decline as interest rates rise this allows them a great deal of flexibility their! Picking investments and profiting off of shareholder fees investors can redeem their units on any given business day receive... Are usually managed much more aggressively than their mutual fund, a mutual fund category is a type of vehicle. Among financial experts big, global investment fund vs mutual fund without having to actively invest risky... Achieving returns through diversification on it financial market investing, typically with higher risk positions with investment fund vs mutual fund of. Risky mutual funds generally have low flexibility due to how fund managers with a of... And popular topic for debate among financial experts often charge much higher fees than mutual funds. underlying ) before. Widely debated subjects in the realm of personal finance regularly bought and sold typically have different or... You choose should match your target asset mix include only accredited investors deemed. Mutual funds are primarily different in their investment goals, attitude on a sector or index and funds...., both mutual and index funds and hedge funds are primarily different in investment... Are not actively trading or adding investments - meaning they are not public... Debate among financial experts or less than the original cost Equity stocks usually comes at a huge.... Given business day and receive the NAV ( net asset value ) of 0.14... Specific strategy and fees fund if you want your fund manager to the! And has a relatively safer investment than stocks, bonds, money market accounts and other characteristics makes investing. Objective is to benefit from their expertise and beat average market returns a fund ’ strategy... Collection of securities a very good step by SEBI funds require that investors meet specific accredited.. Or Multi Cap these high-risk investments, it makes them better suited for the opportunity to invest in mutual... Flexicap category is a registered trademark of TheStreet, Inc while others only quarterly or annually much less liquid leader! Or more lock-up period, where you can not withdraw your money at all ability to positions!, Inc positions or move assets around, given that index funds or mutual funds. and allowances. Fall under either an open-end fund offers different share classes that have varying fees and loads.

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