Sector Mutual Fund Law and Legal Definition

According to 5 CFR 2640.102 [Title 5 -- Administrative Personnel; Chapter XVI -- Office of Government Ethics; Subchapter B -- Government Ethics; Part 2640 -- Interpretation, Exemptions and Waiver Guidance Concerning 18 U.S.C. 208 (Acts Affecting a Personal Financial Interest); Subpart A -- General Provisions], sector mutual fund means a mutual fund that concentrates its investments in an industry, business, single country other than the United States, or bonds of a single State within the United States.