Diversified Common Stock Fund

DEFINITION of 'Diversified Common Stock Fund'

A mutual fund that invests its assets in a relatively large number and variety of common stocks. The investment manager for this type of fund is not restricted in terms of company size or investment style.

BREAKING DOWN 'Diversified Common Stock Fund'

A diversified common stock fund will generally tend to a portfolio of stocks in the range of 100 or more issues with large cap, mid cap and small cap company sizes that reflect a combination of value, growth, and blended (value-growth mix) investment styles.