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Mutual funds basics
Fund Family: This is the company that owns and manages
the specific mutual funds. Some companies, like
Fidelity (shown in Figure 2-3), operate dozens of funds
with various investment objectives and styles.
Fund Name: Shown in abbreviated form, this is the
name of the specific mutual fund. In this listing,
“AggGrow” stands for Aggressive Growth, whereas “Bal”
(a few lines down) translates to Balanced, and “Canada”
names a fund that specializes in stocks of companies
based in that country.
NAV: The net asset value per share, as described earlier
in this section, as of the end of the previous business day.
In this sample listing, Fidelity’s Aggressive Growth fund
had a NAV of $43.57 per share.
Daily % Return: Yesterday’s change in value of NAV
from the previous day. In the listing shown, the NAV of
Fidelity’s Aggressive Growth fund had fallen by 0.3%
from the previous day. If you’re an investor in the fund,
you don’t want to see a downward trend continue indefinitely.
Year to Date % Return: This is the change in value of
NAV from the start of the calendar year (actually, from
20 CliffsNotes Investing in Mutual Funds
December 31 of last year). So far this year, Fidelity’s Aggressive
Growth fund has, in fact, grown aggressively — 40.2%
in just a little over six months. (By contrast, the Canada
fund, for example, has grown about 9.4% — still
respectable for one-half of a year
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Originally Posted by pawankumar
