Fund expenses are reflected in the fund's NAV . Sales charges are not included in the expense ratio . Family of Funds A group of mutual funds, each typically with its own investment objective, managed and distributed by the investment adviser. Plan An employer-sponsored retirement plan that enables employees to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. Plan An employer-sponsored retirement plan that enables employees of universities, public schools, and nonprofit organizations to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan.
Income is earned on a fund's investment portfolio after deducting operating expenses.
Overall investment strategy that seeks to construct an optimal portfolio by considering the relationship between risk and return, especially as measured by alpha, beta, and R-squared. An investment company that pools money from shareholders and invests in a variety of securities, including stocks, bonds, and money market instruments. As open-end investments, most mutual funds continuously offer new shares to investors. Net Assets Total assets minus total liabilities of an individual or company. For a company, also called owner's equity or shareholders' equity.