Examlex
If astronomers aim a radio telescope at a distant spiral arm of the Milky Way Galaxy, they will probably observe a 21-cm line. If they point a large optical telescope at this same region, they will probably not be able to detect the neutral hydrogen that gives rise to the 21-cm radio signal. Why not?
NAV
Net Asset Value, the total value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
Portfolio Turnover
A measure of how frequently assets within a portfolio are bought and sold by the manager over a specific period.
Front-end Load
A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.
Back-end Load
A fee charged to investors when they redeem shares from a mutual fund, typically used to compensate financial advisors.
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