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Status: Administrator
Join Date: Jul 2007
Posts: 9,596
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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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