A community-based metropolitan fund is a collection of investment instruments which focus solely on performance of publicly traded companies with community ties to a metropolitan area. The community ties for each managed fund for each respective metropolitan area are either (1) that the publicly traded company has headquarters in said metropolitan area, (2) that the publicly traded company has its principal place of business within the metropolitan area, (3) that the publicly traded company has more employees engaged within the metropolitan area than any other metropolitan area, or (4) that the publicly traded company has a higher payroll within the metropolitan area than any other metropolitan area. The managed fund is either an open-end fund, an exchange traded fund, or a closed end fund, and is a broad-based mutual fund with investments in many types of securities to reduce risk of loss in the event of a downturn.
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