Definitions for "Diversified Investment Company"
mutual fund or unit investment trust that invests in a wide variety of securities, and is allowed to have no more than 5% of its assets in a single company, or to have 10% of a company's voting shares. see also investment company.
A requirement under the Investment Company Act of 1940. In order to advertise itself as diversified, an investment company must invest a minimum of 75% of its assets, so that no more than 5% of its assets are invested in any one issuer's securities, and it owns no more than 10% of the voting shares of any one company.
Fund that has not invested more than five percent of its total assets in any single company, and does not hold more than 10 percent of the outstanding voting securities of any company, as stipulated in the Investment Company Act.
Keywords:  djia, yield, dividend
dividend yield DJIA