按需求隨時贖回
Kathy is asking Jacob about how mutual funds work.
凱西問雅各共同基金如何運作。
ask sb. about sth. 問某人有關某事的問題
Kathy: How can one buy mutual fund shares?
凱西：要怎麼購買共同基金份額啊？
Jacob: Mutual fund shares can typically be bought through a broker. And the shares can be redeemed any time as needed.
雅各：通常可透過基金經理公司申購共同基金份額，而且可以按需求隨時贖回。
broker(n.)經紀人;掮客redeem(v.)贖回;買回
Kathy: What is that supposed to mean?
凱西：那是什麼意思？
Jacob: It means investors can withdraw their money by selling mutual fund shares at any time.
雅各：意思是投資者可隨時出售共同基金份額來取回資金。
withdraw(v.)取出;提出
Kathy: That sounds flexible.
凱西：聽起來很方便。
flexible(adj.)有彈性的;可變通的;靈活的
Jacob: Investors earn a return from dividends on stocks and interest on bonds held in the fund’s portfolio.
雅各：投資者可透過基金投資組合中的股息與債券利息來賺取收益。
earn(v.)賺取;賺得return(n.)收益;利潤;回酬dividend(n.)股息
Kathy: Can they reinvest the earnings and get more shares?
凱西：那他們可以再將收益投入共同基金，申購更多份額嗎？
invest(v.)投資;投入
Jacob: Of course, they can. Or they can choose to receive a check for distributions. In some cases where the fund sells securities that increase in price, the fund passes on the capital gain to investors in a distribution.
雅各：當然可以。或者他們也可以選擇收取分配收益的支票。在某些情況下，當基金公司出售的有價證券漲價時，其資本利得也會分配給投資者。
distribution(n.)分配;分發;發放decrease(v.)減少pass on sth. to sb.=將某物傳給某人