These securities carry a greater degree of credit risk relative to investment-grade securities. Reference the fund's prospectus for more details. This measure takes into account variations in a fund's monthly performance, and does not take into account the effects of sales charges and loads, placing more emphasis on downward variations and rewarding consistent performance. In general, a higher standard deviation means greater volatility. Current performance may be lower or higher than the performance data quoted. Morningstar Ratings do not take into account sales loads that may apply to certain third party funds. Exp Ratio Gross Expense ratio is a measure of what it costs to operate an investment, expressed as a percentage of its assets, as a dollar amount, or in basis points.
Portfolio Weight The percentage of a specific security or asset type that is contained in a mutual fund. These and other risk considerations are discussed in the fund's prospectus. Contractual Mgmt Fee Cap A maximum contractual fee that limits the amount paid to an investment manager or advisor for its management services. Contractual 12B-1 Fee Waiver Represents the contractual 12B-1 fee amount the fund company waives or assumes in order to keep the fund's actual net expenses low. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. These returns do not reflect the impact of state and local taxes. The second value represents the total number of equity securities in the portfolio.
Before Taxes Return before taxes is a measure of a fund's performance over a given time frame before accounting for the effect of taxes. Hur Oath och våra partner ger dig bättre annonsupplevelser Vi vill tillhandahålla relevanta annonser som är mer användbara för dig så att du får en bättre helhetsupplevelse. These risks may be heightened in connection with investments in developing countries. A fund's management fee will be included in the total annual operating expenses and disclosed in the Fee Table of the fund's prospectus. After Taxes on Distributions Return After Taxes on Distributions are calculated using the historical maximum federal individual marginal income tax rates associated with fund distributions and assume that an investor continued to hold the shares.
They may also be adjusted by judgment. A beta of more less than 1. The summary prospectus includes information such as fund investment objectives, strategies, risks, costs, investment results and other information to help investors make an informed decision about investing in a mutual fund. Taxes may reduce the value of the dividend, distribution or sale proceeds in the hands of the investor. Duration Duration is a measure of a security's price sensitivity to changes in interest rates. For a mutual fund, the gross expense ratio is the total annual fund or class operating expenses directly paid by the fund from the fund's most recent prospectus before waivers or reimbursements. These securities carry a greater degree of credit risk relative to investment-grade securities.
Return The gain or loss on an investment. Deferred Load A sales charge or fee that is assessed when an investor sells certain classes of fund's shares before a specified date. Morningstar Investment Management is not responsible for any damages or losses arising from the use of this information and is not acting in the capacity of adviser to individual investors. As summary prospectuses are made available, they will be added to this page. Reinvesting the interest will produce a higher yield, because interest is earned on the interest payments, as well as on the principal.
Reuters is not liable for any errors or delays in content, or for any actions taken in reliance on any content. It is calculated by taking a fund's excess return over that of the three-month Treasury bill divided by its standard deviation. The category's Morningstar Risk is then used as the starting point for the Category Risk Level assignments. The Expense Cap may be terminated or revised at any time, which may lower the fund's yield and return. If the investment option is not a mutual fund, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. A beta greater than 1.
Total 12b-1 fees, excluding loads, are capped at 1. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. A mutual fund's management fee will be included in the total annual operating expenses and disclosed in the Fee Table of the fund's prospectus. Futures, Options, and Swaps Financial instruments sometimes used by mutual funds for a number of different purposes, including hedging certain types of risk, make speculative investments on the movement of the value of an underlying asset, to obtain exposure to an area that it is not possible to invest in directly, or create optionability where the value of the derivative is linked to a specific condition or event. Voluntary Mgmt Waiver Dated Represents the voluntary management fee amount the fund company waives or assumes in order to keep the fund's actual net expenses low.
To find out more about trading these funds, please read: Except as noted below, all data provided by. These funds trade much differently than other mutual funds. Reference the fund's prospectus for more details. This waiver is subject to an expiration date. If the investment option is not a mutual fund, the expense ratio may be calculated using methodologies that differ from those used for mutual funds. The resulting risk score expresses how risky the fund is relative to the average fund in its category.
The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. Reuters, Reuters Logo and the Sphere Logo are trademarks and registered trademarks of the Reuters Group of companies around the world. The top 10% of products in each product category receive 5 stars, the next 22. Unless otherwise noted, returns are adjusted for all applicable recurring and non-recurring fees including redemption fees , loads and charges, if any. Contractual Mgmt Fee Waiver Dated Represents the contractual management fee amount the fund company waives or assumes in order to keep the fund's actual net expenses low. For instance, if one municipal bond category falls just across the dividing line from another municipal bond category, even though both invest in very similar types of assets, both categories are adjusted so that they are given the same risk assignment.
Subaccount Inception In some cases, mutual funds may be made up of collections of funds, or subaccounts, each of which invests in different types of securities. Reference the fund's prospectus for more details. O Order Cutoff Time The point in time in which an order to buy or sell shares in a mutual fund can be entered and still be executed on that day. Style Equity or stock funds are generally divided into three categories: Growth, Value, or Blend, which represents a combination of the two. Changing your email address: To change the email address for data change notifications, delete the existing email address and retype the new address in the text box. Reference the fund's prospectus for more details.