A     B    C    D    E     F     G     H     I     J    K     L     M    N     O    P     Q    R     S    T    U    V    W    X    Y     Z

Valuation date

Variable return

Variance

Volume

Valuation date. Most funds are valued daily but some are valued weekly, monthly or quarterly. It is important to know when a fund is valued, because that determines when you can buy or redeem a fund. Generally your redemption or purchase order must reach the fund prior to close of business on a valuation day.

TOP

Variable return. A mixture of securities whose future flows are not fixed or known with certainty. Within the variable return definition there are shares, convertible obligations and participations in investment funds.

TOP

Variance. A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value.

TOP

Volume. The number of shares, bonds or contracts traded during a given period, for a security or an entire exchange. Also called trading volume.

TOP