The profit earned by a company after all expenses and taxes have been deducted from revenue. A simple way to think…
"Net asset value," or "NAV," of an investment company is the company's total assets minus its total liabilities. For example, if an…
Prior to July 1, 2009, a Nationally Recognized Municipal Securities Information Repository (NRMSIR) was an entity, designated by the Securities…
A "national securities exchange" is a securities exchange that has registered with the SEC under Section 6 of the Securities Exchange Act…
This year's top-performing mutual funds aren't necessarily going to be next year's best performers. It’s not uncommon for a fund…
A mutual fund is an open-end investment company or fund. An open-end fund is one of three basic types of investment companies.…
A mutual fund company generally must pay redemption proceeds to a shareholder within seven days of receiving a redemption request…
Mutual funds must provide a copy of the fund’s prospectus to shareholders after they purchase shares, but investors can –…
As with any business, running a mutual fund involves costs. For example, there are costs incurred in connection with particular investor transactions,…
Some mutual funds offer investors different types of shares, known as "classes." Each class invests in the same portfolio of…