(5 ILCS 420/1-104.5) Sec. 1-104.5. "Diversified funds" means investment products, such as mutual funds, exchange traded funds, or unit investment trusts, that invest in a wide variety of securities across multiple sectors or asset classes. "Diversified funds" does not include sector funds.
(Source: P.A. 102-664, eff. 1-1-22.)