Glossary attachment

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Market Index

Tool used to identify trends in the securities market.

Market Price

The last reported price at which a security was sold on an exchange.

Market Risk

See Risk.

Market Value

The current value of an asset if it were sold on the marketplace.

Marketable

A security that can be easily bought or sold.

Maturity (or Maturity date)

Date on which the principal amount of a note, acceptance paper, bond, debenture or other debt instrument becomes due and payable.

Money Market

The market that brings together buyers and sellers of debt instruments that have a term-to-maturity of less than one year. These include treasury bills, commercial paper, finance paper, bankers' acceptances, as well as government debt obligations maturing in three years or less.

Negotiable

An asset that can be sold or transferred to another party for money or as settlement of an obligation. (2) A certificate that is transferable by delivery and in the case of a registered certificate has been endorsed and guaranteed.

Net Asset Value (NAV)

The value of a mutual fund's holding less any liabilities. The NAV is calculated for most funds after the close of the exchanges and markets each day. It is calculated by taking the closing market value of all securities owned plus other assets such as cash, subtracting all liabilities and, then dividing by the total number of shares outstanding.

Nominee

One designated to act for another in his or her place. For example a person (e.g.. bank official) or company (e.g.. investment dealer) into whose name securities or other properties are transferred by agreement of the beneficial owner.

Notary Public

A public officer whose function it is to administer oaths, to attest, certify and validate and give credit, by his/her hand as well as an official seal, that certain documents are authentic. Documents may include wills and contracts.

Offering Document

The prospectus, advertisement or other document, which contains the investment and distribution policy and all other information in respect of the Unit Trust, as, required by the Rules and is calculated to invite offers by the public to invest in the Unit Trust.

Open-Ended Fund

Commonly referred to as a mutual fund. These funds are in a continuous process of issuing shares/ units on demand and redeeming shares/ units on demand. Hence the term: open-end fund. The shares/ units do not trade on a market. The number of shares/ units outstanding varies each time the net asset valuation calculation is carried out, which is daily for most open-ended funds.

Par Value

See Face Value.

Participant

Means any person who makes Contributions or on whose behalf Contributions are made into the Pension Fund, and held in an identifiable Individual Pension Account managed by the Pension Fund Manager.

Portfolio

The combined holdings of more than one cash equivalent security, bond, stock, commodity, or any other assets by an individual investor or institutional investor

Power of Attorney

Authority given (usually in a legal document) to an individual to act on another individual's behalf in matters concerning his/ her affairs in general or under certain circumstances.

Price

For a mutual fund - the net asset value per share/ unit calculated on a specific day.

Price Earning Ratio

Current price per share / Earning per share.

This formula shows a company’s earnings versus its share price.

Principal: The face value that has been borrowed (amount of a debt security) or invested (amount of deposit), on which interest is earned, that has to be repaid to the investor.

Profit

The amount remaining after all costs (direct and indirect) are deducted from the income of a business or from the amount realized on sale.