Examlex
The introductory paragraph of the auditors' report indicates that an audit has been conducted and identifies the financial statements the auditors examined.
Capital Gain Distributions
Payments made to shareholders that result from the selling of securities within the fund’s portfolio, which are subject to capital gains taxes.
Income Distributions
Payments made from a fund or account to investors, typically from earned interest or dividends from investments.
Net Asset Value
The value per share of a mutual fund or an ETF, calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.
Diversification
An investment strategy that involves spreading out investments across various assets to reduce risk.
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