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REIT
Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments.
Front-end Load
A fee or commission charged to an investor at the time of initial purchase of an investment, such as a mutual fund or insurance product, usually a percentage of the investment amount.
Expense Ratio
The annual fee that mutual funds, ETFs, and other managed portfolios charge their shareholders, expressed as a percentage of assets under management.
Mutual Fund
A pooled investment fund that gathers resources from several investors to place into various investment options such as stocks, bonds, and money market instruments.
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