The percentage of a fund's NAV used to pay management, administrative and 12b-1 expenses of the fund. The interest rate charged by banks to other banks for loans made overnight. This is often an indication of the direction of interest rates to come. Fiduciary A person or entity holding assets in trust for a beneficiary. The fiduciary must exercise discretion in the investments made for the beneficiary and is limited to specified investments.
Bonds are an example.
The stream of payments stay fixed, however, the value of the security may change. Front-End Load Commission paid up front to cover expenses when shares of a fund are purchased. The benchmark index for the British stock market. Is pronounced footsy . Futures Contracts to purchase or sell specified amounts of a commodity or security at a specified price and future date.