The amount that the insurer will return to the policyholder upon cancellation of a policy. A 5 letter identifier for mutual funds. Glossary Index Top Holdings A listing of corporations that a mutual fund is primarily invested in, this information is required by the SEC to be updated on a semiannual basis. The equivalent sum of all income, capital gains, and interest that a security distributes to its shareholders. The annual return on an investment that includes income, capital gains, and interest.
Higher values are desirable and indicate greater return per unit of risk.
The turnover ratio is a measure of the amount of buying and selling activity of a security. Turnover is as the lesser of securities sold or purchased during a year divided by the average monthly net assets. A turnover of 100 percent, for example, implies that positions are held, on average, for about a year. Back to the Fund Glossary Index Unit Values Unit Values are obtained from the periodic calculation of time-weighted returns. They may be for any frequency such as monthly or quarterly, depending on the frequency of the rates of return being calculated.