Mutual Funds Glossary
Aggressive Growth Funds
Stock mutual funds that seek high growth through aggressive investment strategies.
These funds generally buy stocks of emerging companies that offer the potential for rapid
Annual Dividend Yield (available on stock funds only)
Income (dividends) for the last 12 months expressed as a percentage of the net asset value
at the end of the most recent quarter. It does not include capital gains distributions. This
yield is not determined by the standard SEC calculation (which is based on the 30-day
SEC yield quoted for bonds).
Asked or Offering Price
The price at which a mutual fund's shares can be purchased. The asked priceincludes the
current net asset value per share plus any sales charge.
Total assets are recorded in millions of dollars and represent the fund's total asset base,
net of fees and expenses.
A shareholder-authorized purchase of additional shares using dividends and capital gains
Average Annualized Total Return
Total return, adjusted for any sales charges (loads) and redemption fees, on a hypothetical
investment in the fund over the periods shown, assuming all dividends and distributions
are reinvested when paid. Five- and ten-year return and return since inception of the fund
(if the fund is less than 10 years old) are average annual compounded rates of return.
"Maturity" is the length of time before a bond issuer must return the principal amount.
There are two types of average maturity: Average weighted and Average effective.
Average weighted maturity is a weighted average of the maturities of the bonds in a
municipal bond fund's portfolio, compounded by weighing each maturity date (i.e., when
the security comes due) by the market value of the security. Average effective maturity,
used for taxable fixed income funds, is also a weighted average of all the maturities of
bonds in a portfolio. Average effective maturity takes into c