I’m fairly new to investing so please forgive me if this is a stupid question, but the 3 biggest funds I have my taxable account in are mutual funds with Schwab and T Rowe Price. One is a Schwab S&P500 mutual fund (SWPPX), one is a Dividend Growth fund with T Rowe (PRDGX), and one is a stable fund with Schwab (SWVXX). I just wanted to make sure that because these are mutual funds do they carry any extra exposure to bank failures than say an ETF would not. I’ve been thinking about getting rid of the Dividend Growth mutual fund anyway as the yield to cost ratio seems like a horrible ratio (inherited this account). I’m ok with the market downturn, but I just want to make sure I don’t have extra exposure being in a mutual fund if things got very bad. If so I’d just sell these and buy something like VOO or SPY so money would stay invested.
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