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Adviser An organization that is hired by a mutual fund to oversee the investment of the mutual fund’s assets. |
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Advisory Fee The fee (sometimes called a Management Fee) that the investment adviser charges the mutual fund in return for management services. |
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Aggressive Growth Fund A mutual fund that seeks to provide maximum long-term capital growth from stocks, usually the stocks of smaller companies or narrow market segments. |
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Annual and Semi-Annual Reports The formal financial statement issued yearly (or twice yearly) by a mutual fund (or by any corporation). This report contains a list of the mutual fund’s assets, liabilities and earnings, and identifies the securities currently in the fund’s portfolio of investments. The Annual Report is mailed to each shareholder at the end of the fund’s fiscal year. |
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Asked or Offer Price More commonly called the public offering price, this is the price at which mutual fund shares can be purchased. The asked price is also referred to as the fund's net asset value (NAV) per share, and includes front-end sales charges, if any. For a no-load fund, the asked price is the same as the NAV. |
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Asset Allocation An investing strategy that distributes an investor’s dollars among multiple investment products or asset classes. |
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Asset Class Asset classes are simply different broad types of investments. The three primary asset classes are stocks, bonds, and money markets. |
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Assets The current dollar value of all the money that a mutual fund’s shareholders have invested in the fund. |
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Automatic Reinvestment An arrangement whereby a mutual fund investor can use their fund dividends and capital gains to automatically purchase additional fund shares, rather than taking them in the form of a distribution. |
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Average Weighted Maturity The average time to redemption (maturity) by the issuers of the securities held in a fund. Changes in interest rates will have a greater impact on a fund with a longer average maturity. |
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