Fund Information

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Fund Information
This section contains a comprehensive listing of definitions for financial and investment terms you may come across. You can simply link down through each section to look for a term, or type in a key word and click the SUBMIT button.

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Tax-free Funds
A fixed-income or money market mutual fund that invests in securities which are issued by state, county, and local governments and their agencies. The proceeds from these securities are used to finance a variety of public-works projects, such as the building of roads, schools, and sewers. Under current tax laws, the interest paid to investors in these securities is generally exempt from federal income taxes. These funds are frequently purchased by investors who wish to shelter their investment income from taxes.
 
Ticker Symbol
Letters that identify a security for trading purposes.
 
Total Return
The percentage of gain or loss the fund has provided, assuming all distributions have been reinvested.
 
Trade Date
The actual date on which your shares are purchased or sold.
 
Transfer Agent
An organization employed by a mutual fund to handle the transfer, issue, purchase, sales, or conversion of securities, mailing notices and reports to stockholders, paying all dividends, affecting stock subscriptions, and maintaining the records relating to the accounts of the mutual fund’s shareholders.
 


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