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What is Before Reimbursement Expense Ratio?
The percentage of a fund’s average net assets that is used to cover the annual operating expenses of managing a mutual fund before reimbursements are made to the fund by managers.
Also known as the “”gross expense ratio””. Read more for examples and further explanation including related video clips and also comments
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What is 100% Equities Strategy?
An investment strategy for an individual portfolio or pooled funds vehicle such as a mutual fund. Only equity securities are considered for investment, whether they be listed stocks, over-the-counter stocks, or private equity shares. A mutual fund or ETF will often state a “”100% equities strategy”” in its prospectus to inform potential investors of the fund’s overall risk profile. Read more for examples and further explanation including related video clips and also comments
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What is Retail Fund?
A type of fund that is registered with the Securities and Exchange Commission (SEC) and is sold to individual investors through investment dealers and in open market transactions. Retail funds are often categorized as mutual funds, and carry lower initial investments and management expense ratios than non-retail funds. Read more for examples and further explanation including related video clips and also comments
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What is Single-Country Fund?
A mutual fund that restricts its investment to the assets of one country and is able to allocate its funds only within the range of investment instruments available in the specified country. This restriction is based on the mutual fund prospectus. If the fund’s prospectus states that it is only investing in one country, the fund is bound by this statement.
Also known as a “”country fund””. Read more for examples and further explanation including related video clips and also comments
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What is Net Long?
A condition in which an investor has more long positions than short positions in a given asset, market, portfolio or trading strategy. Investors who are net long will benefit when the price of the asset increases. Read more for examples and further explanation including related video clips and also comments
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What is Interbank Call Money Market?
A short-term money market, which allows for large financial institutions, such as banks, mutual funds and corporations to borrow and lend money at interbank rates. The loans in the call money market are very short, usually lasting no longer than a week and are often used to help banks meet reserve requirements. Read more for examples and further explanation including related video clips and also comments
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What is Class Of Shares?
1. Types of listed company stock that are differentiated by the level of voting rights shareholders receive. For example, a listed company might have two share classes, or classes of stock, designated as Class A and Class B.
2. With load mutual funds, there are three share classes, Class A, Class B and Class C, which carry different sales charge, 12b-1 fees and operating expense structures. Read more for examples and further explanation including related video clips and also comments
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What is Accumulation Plan?
1. A general financial strategy in which an investor attempts to build the value of his or her portfolio to a desired size.
2. In the context of mutual funds, a formal arrangement in which an investor contributes a specified amount of money to the fund on a periodic basis. By doing so, the investor accumulates a larger and larger investment in the fund through his or her contributions and the increase in value of the fund’s portfolio. Read more for examples and further explanation including related video clips and also comments
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What is Fund Company?
A commonly used term to describe an investment company, which is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. This is most often done either through a closed-end fund or an open-end fund (conventional mutual fund). In the U.S., most fund companies are registered and regulated by the Securities and Exchange Commission under the Investment Company Act of 1940.
Also known as a “”fund sponsor”” and an “”open-end fund company””. Read more for examples and further explanation including related video clips and also comments
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What is Net Asset Value Per Share – NAVPS?
An expression for net asset value that represents a fund’s (mutual, exchange-traded, and closed-end) or a company’s value per share. It is calculated by dividing the total net asset value of the fund or company by the number of shares outstanding.
Also referred to as “”book value per share””.
Calculated as: Read more for examples and further explanation including related video clips and also comments
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