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Portfolio All the securities that are held by a mutual fund, or a term for describing all the investments you own: stocks, bonds, mutual funds, etc. A diversified portfolio contains a variety of investments. |
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Portfolio Diversification Holding a variety of securities in a portfolio to reduce risk. |
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Portfolio Manager The individual who is responsible for managing a mutual fund's assets. |
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Principal, or Par Value Also known as face value, this is the amount loaned to the issuer of a bond. |
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Prospectus An explanatory booklet distributed by the issuer of a security or mutual fund, in compliance with SEC regulations. A mutual fund prospectus must include the fund’s investment objective, expenses and fees, including management and sales fees, a description of shareholder services offered, and information on how to buy shares. |
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Proxy The document forwarded to shareholders of a mutual fund requesting that they vote on certain key issues at the fund's annual meeting. |
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Public Offering Price The purchase price per share of a mutual fund, determined by adding any applicable sales charge to the fund's net asset value (NAV) per share. Also known as ask price or offer price. |
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