A US federal law that regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities, and whose own sec ...

A security rated AAA through BBB- that generally reflects a safer tranche of security with a higher level of subordination.

A legally binding clause that specifies the types of investments in which an investment vehicle will or will not invest.  It often specifies limits on specific factors such as ...

Provisions in a fund’s governing documents that place restrictions on the types of investments the fund may undertake, which may include limitations on the size, geography, i ...

A return based upon the equity of the investor in the fund which consists of beginning net assets, contributions, net income, appreciation, and distributions.

Agreement between the sponsor’s management company and the Fund to manage the fund.  Specifies general terms under which the management company is authorized to perform ...

A document that formalizes an institution's guidelines for investment and asset management; typically will contain goals and objectives, core and specialty investment criteria ...

The risk associated with investing; the potential of experiencing losses following a fluctuation in security prices; also known as “capital market risk”.

The worth of an investment property to a particular investor. Investment value may or may not coincide with market value depending on the requirements of the specific investor.

An undertaking agreement or acknowledgement made by an investor in favor of a subscription-backed credit facility lender whereby the investor makes representations, acknowledgments ...