Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Funds where there's no diversity. Shocking, we know.
Basically, non-diversified funds are investments (stocks, bonds, you name it) that are all in one area—like, say, tech or healthcare or commodities. If tech or healthcare or commodities then tank, you're in major trouble if you're not diversified.