Able to Leverage
Able to Leverage Ability of the fund to use borrowed money with the intent to improve performance and/or enhance yield.
When a bond's market price is higher than its face value.
The deadline after the pricing date by which you must submit your order confirmation for participation in the deal if you wish to purchase the shares.
The dollar value of the cash balance and money market account assets in a client's account.
Account Group Investor Profile
Investor Profile Descriptions
Objective is to maintain capital. Adjusted for inflation, investment returns may be very low or in some years, negative, in exchange for high liquidity and reduced risk of principal loss.
Objective is to obtain a continuing income stream from dependable debt and equity sources. In order to satisfy current yield requirements, an investor using this profile should be willing to absorb some risk of principal loss.
Income & Growth
Objective is to strike a balance between bonds for current income and stocks for growth. Despite the relatively balanced nature of the portfolio, an investor using this profile should be willing to assume risk of principal loss.
Objective is to accumulate wealth, over time, rather than current income. An investor using this profile should be willing to accept the risk of price volatility in seeking to achieve growth.
Objective is to achieve above-average growth over time; income is of little, if any, concern. An investor using this profile should be willing to take more substantial risk in seeking to achieve above-average returns.
The name in which the account is registered.
The type of account (e.g., CMA
Interest, calculated from the last coupon date, that has been earned by a bond but that has not yet been paid. Usually, a buyer must pay accrued interest to the seller.
Interest or dividend calculated from the date of the last coupon date or stock dividend, that has been earned but that has not yet been paid. Usually, a buyer must pay accrued interest/dividend to the seller.
A dividend due, but not yet paid, to a preferred stockholder.
The price paid for a security.
The date a security was purchased.
The price at which the security was purchased.
Defines the type of order being placed or trade completed, i.e. Buy (Bought), Sell (Sold), FC Buy, FC Sell, SR Sell, Exchange, etc.
Related to Trade Confirmation: Rolled indicates a mutual find rollover.
Features on policy- Automatic Withdrawal Program (AWP), Automatic Transfer Program (ATP), Dollar Cost Averaging (DCA), Automatic Investment Feature (AIF), etc.
All settled trades, journal entries, checks, deposits, withdrawals, etc. for an account, as of the stated close of business date.
For participants in employee stock option plans: Activity associated with your employee stock option account.
Date the activity occured.
Adjust Prior Close
The reported closing price for a stock as of the close of trading on the day of a split, that is adjusted for the split ratio.
Adjusted gross income (AGI)
Gross income less allowable adjustments, is the income on which an individual is taxed by the federal government.
Annual fee imposed on contract- amount and timeframe specified in contract.
American Depository Receipts (ADRs) are receipts held by an U.S. bank that represent stock in a foreign firm. ADRs trade in U.S. dollars, making it simpler for U.S. investors to invest in overseas markets. British Telecomm (BTY) is an example of an ADR.
The trading of a security following its original issuance in the primary market. Also called Secondary Market.
Age of Fund
The number of years since the fund's inception.
Government securities issued by entities other than the U.S. Treasury.
Government securities issued by entities other than the U.S. Treasury, e.g., securities issued by the Government National Mortgage Association (GNMA). Also called U.S. Government Agency Securities.
All or None
A stipulation of a buy or sell order that instructs the broker to either fill the entire order or don't fill it at all. The order is not automatically canceled. In order to cancel, the order must be marked FOK or Fill or Kill.
The amount of shares designated for a particular account for which an irrevocable order to purchase can be made.
Measures the difference between a fund's actual returns and its expected performance, given its level of risk (as measured by its beta). A positive alpha figure indicates that a fund has performed better than its beta would predict. Alternatively, a negative alpha figure indicates that a fund has under-performed, given the expectations established by the fund's beta. A high alpha is generally considered to be an indication of good, active management.
The dollar value for each item.
Amount without Surrender Charge
Amount of money that can be withdrawn from the contract without any penalties or charges specified in the contract.
Annual Expense Ratio
The percentage of a Fund's assets deducted each fiscal year for fund expenses, including Rule 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by a fund. Portfolio transaction fees, or brokerage costs, as well as initial or deferred sales charges are not included in the expense ratio.
Annual Percentage Yield
The effective, or true, annual rate of return. The Annual Yield is the rate actually earned or paid in one year, taking into account the effect of compounding. The Annual Yield is calculated by taking one plus the periodic rate and raising it to the number of periods in a year. For example, a 1% per month rate has an Annual Yield of 12.68% (1.01^12).
Total return per year from an investment, including dividends or interest and capital gains or losses, but excluding commissions and other transaction costs and taxes. Average annual return is simply the arithmetic average of annual returns over a specified period of time.
A percentage rate that reflects the total amount of interest to be paid based on the coupon or interest rate and frequency of compounding for an annual period.
The average annual return of an investment over a specified period of time; such as one, three, five, or ten years.
Annuity payments may depend upon the continuation of a person's life. That person is called the annuitant.
Payout option chosen- Life with 10 years certain, etc.
To begin a series of periodic payments from capital that has built up in an annuity
A contract sold by an insurance company that provides payments at special intervals, over all or part of the lifetime of the beneficiary.
Change in market value of priced securities within a portfolio for a given period.
Increase in the value of an asset.
The price at which a security is offered for sale.
Any possession that has value in an exchange.
The mix of investment classes - cash equivalents, bonds and stocks - in an investor's portfolio. The appropriate balance is based on the anticipated return and relative risk of each asset category as well as the investor's personal factors such as risk tolerance, age and current investment profile.
Types of investments, such as equities, international equities, fixed income, cash/near cash, hard assets, and other.
An examination of a company's accounting records and books conducted by an outside professional in order to determine whether the company is maintaining records according to generally accepted accounting principles.
Automated Investment Program
The Automated Investment Program enables you to invest in the mutual funds of your choice at a fixed-dollar amount and purchase frequency you select.
In Market Pulse, Average refers to the Value of the Dow Jones Industrial Average.
Average Daily Trading Volume
The sum of the last 20 days of trading volume divided by 20.
Average Days to Maturity
The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average life.
Average maturity or duration, whichever is available, for the bonds in the portfolio.
Average Portfolio Beta
Beta coefficient is the market sensitivity of a stock. It measures the average response of the price to moves in the aggregate market over the past sixty months. N.A. - insufficient observations available; N.M. - not statistically significant.