Examlex
Correlational studies yield information about causation.
Front-end Load
A sales charge or commission paid by an investor at the initial purchase of mutual fund shares, usually used to compensate brokers or sales agents.
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.
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