Closed-End Fund Information: Definitions
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| Average Coupon |
Dollar weighted average coupon, weighted by market value.
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| Average Duration |
Duration of portfolio in years. This is an alternative measure of average maturity which reflects a portfolio's price sensitivity to changing interest rates.
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| Credit Quality Allocation |
Percent of assets allocated to each credit quality category. |
| Effective Average Maturity |
Dollar weighted average maturity, weighted by market value calculated to first call or effective life. |
| Fund Description |
Description of the fund's investment policy as gleaned from the prospectus and annual report. |
| Investment Category |
The Lipper portfolio-based classification given to a fund based on its actual capitalization and style.
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| Leverage |
Whether or not a fund's articles of incorporation include a provision that allows the fund to use leveraging techniques. |
| Management Company |
The name of the entity that assists in the marketing and operation of the fund. |
| Management Fee |
The portion of a fund's total expenses paid to the entity(ies) with the advisory and administrative roles.
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| Market Cap |
Total value of a fund based on shares outstanding and current market price.
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| Maturity Allocation |
Percent of assets allocated to each maturity category.
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| NAV Symbol |
Symbol by which one can find out the closing Net Asset Value (NAV).
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| Net Asset Value (NAV) |
The funds Net Asset Value (NAV) at the end of the last trading day.
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| Nominal Average Maturity |
Dollar weighted average maturity, weighted by market value calculated to nominal (stated) maturity.
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| Premium/Discount |
A percentage (positive or negative) describing how a closed-end fund's market price compares to its NAV.
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| Shares Outstanding |
The number of shares sold at inception.
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| Total Expense Ratio |
The total fees and expenses charged by a fund for all the various services to run the fund.
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| Total Net Assets |
Total Net Assets for the latest month end.
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| Value of 10K Reinvested |
Cumulative total return performance at NAV and Market Price, including accruals, detailing the growth of $10,000 invested over time.
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| Yield |
The yield is a 12-month rate based on the actual income paid over the period divided by the current NAV.
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