Your browser does not support JavaScript.
Home Dictionary C Closed-End Fund The initial capital of a closed-end fund is formed by a one-time placement of a limited number of shares of the fund. Shares can then be bought and sold on the public stock exchange, but new shares cannot be created. Closed-end funds are usually actively managed, unlike index mutual funds and ETFs, and are usually concentrated in one industry, sector, or region. 12B-1 Fund
September 25, 2022 The 12b-1 fund bears the 12b-1 commission, which covers the fund’s selling and distribution costs. Abnormal Return
September 25, 2022 An abnormal return is a return that deviates from the expected return on an investment. Annual Turnover
September 25, 2022 The turnover rate is calculated by counting the number of times an asset, security or payment changes hands during a year. Asset Management Company (AMC)
September 25, 2022 An asset management company (AMC) invests pooled client funds in various securities and assets. Balanced Fund
September 25, 2022 Balanced funds are mutual funds that invest money in a variety of asset classes, including stocks and bonds with low to medium risk. Business Development Company (BDC)
September 25, 2022 A business development company (BDC) is a type of closed-end fund that invests in growing and financially troubled firms. Commingled Fund
September 25, 2022 Mixed - this is when an investment manager accumulates money from several investors and combines them into one fund. Feeder Fund
September 25, 2022 A feeder fund is one of many small investment funds that pool investors’ money, which are then combined into a single centralized master fund. Floating Rate Fund
September 25, 2022 A floating rate fund is a fund that invests in financial instruments with variable or floating interest rates. A floating rate fund invests in bonds and debt instruments, the interest payments on which fluctuate depending on the level of the base interest rate. Folio Number
September 25, 2022 The folio number is a unique identifier used to track investments or properties. Front-End Load
September 25, 2022 A preload is a sale fee or commission that an investor pays “up front”, i.e. when buying an asset. Global Fund
September 25, 2022 A Global Fund is a mutual fund or ETF that invests in companies located anywhere in the world, including the investor’s country. Go-Go Fund
September 25, 2022 Go-go fund - a mutual fund with an investment strategy focused on growth stocks and other high-risk securities.
These funds were at their peak in the 1960s, attracting investors with the promise of unusually high market returns. Growth and Income Fund
September 25, 2022 A Growth and Income Fund is a mutual fund or ETF strategy that seeks to generate a total return for investors, including capital gains and current income. Historic Pricing
September 25, 2022 Historical pricing is a method of calculating the net asset value (NAV) of an investment based on changes from its previous valuation. Income Fund
September 25, 2022 Income funds are mutual funds or ETFs that prioritize current income, often in the form of investments that pay interest or dividends. John Bogle
September 25, 2022 John Bogle was an investor and founder of the Vanguard Group, one of the largest investment companies in the world. Life Income Fund (LIF)
September 25, 2022 Lifetime income funds are a type of pension fund used in Canada. Life-Cycle Fund
September 25, 2022 Lifecycle funds are asset allocation funds in which the share of each asset class automatically adjusts to reduce risk as the desired retirement date approaches. Lipper Indexes
September 25, 2022 Lipper indices are benchmarks of the performance of actively managed mutual funds across a range of fund strategies and asset classes, Load
September 25, 2022 Burden is the selling fee paid by mutual fund investors to brokers or agents who sell the fund to them. Load Fund
September 25, 2022 A load fund entails mutual fund units that incur a selling commission paid by the purchaser of the fund. Long/Short Fund
September 25, 2022 Long/short funds use an investment strategy that seeks to go long on undervalued stocks while selling overpriced stocks. Market Neutral
September 25, 2022 Market neutral refers to a type of investment strategy used by investment managers who seek to profit from both rising and falling prices in financial markets. Market Timing
September 25, 2022 Market timing is the act of moving investment money into or out of the financial market - or switching funds between asset classes - based on predictive methods.