All of the following statements describe mutual funds EXCEPT which one?

They pool investments from individuals and firms to buy stocks, bonds and securities$.$

They perform as well as the average return of the overall stock market.

They are created by investment firms such as T$.$ Rowe Price and Vanguard.

Investors in no$-$load funds are not charged when they buy or sell out of funds.

Bundles of stocks, bonds and other securities appreciate and produce income.