I agree with and ask the same question as you yourself have asked" why does the MF have a mutual fund" ? I have lost more money to mutual funds in the past than any other trading vehicle. However, if i ever did own another one, it would probably be the MF as they are or seem to be the most (honest) of the investing world. And some people just cannot and will not take the responsibility for doing their own investing. I have a sister like that. It's kind of like me and option trading. I would like to be in on the play but don't grasp enough of the mechanics to do the job. In this instance, I wish Jeff Fischer had an Options Fund!!!