Glossary of Terms

Risk Rating System
a numeric representation of the measure of risk per product type. 1 is the most conservative and 8 is the most aggressive. Definition per Risk Rating is a...
Thu, 22 Sep, 2016 at 4:59 PM
Settlement
the number of days it will take for the cash to be credited to the account. Example only: T+3 means that cash will be available after three working days f...
Thu, 22 Sep, 2016 at 4:59 PM
Sharpe Ratio
the measure of a fund's excess return per unit of risk it has taken on. The higher the Sharpe ratio, the better.
Thu, 22 Sep, 2016 at 5:00 PM
Standard Deviation
the measure of the volatility of the fund's historical returns relative to its mean. A lower standard deviation generally implies lower risk.
Thu, 22 Sep, 2016 at 5:00 PM
Tracking Error
the measure of the deviation of a fund's performance versus its benchmark. The smaller the tracking error, the closer a fund's performance to it...
Thu, 22 Sep, 2016 at 5:01 PM
Trading Date
refers to the date when the transaction is processed keeping in mind the official cut-off time for investing or redeeming mutual funds. For transactions c...
Thu, 22 Sep, 2016 at 5:01 PM
Transfer Agent
a financial institution or a bank that is in charge of keeping accurate records of individual shareholdings as well as the issuance and cancellation of st...
Thu, 22 Sep, 2016 at 5:03 PM