A mutual fund whose primary investment objective is regular income. Examples include money market funds, mortgage funds, bond funds and dividend funds.

A director of an investment fund who is not a partner, officer, director, employee or shareholder of its underwriter or investment advisor.

The general rise in the price of goods and services in the economy.

Means the price per Unit during the initial offering period determined by the Management Company.

An organization, often a collection of professional investors, whose primary objective is to invest its own capital (assets) or that of those whose interest it represents. It generally buys and sells in large volumes. Examples include pension funds, investment companies, banks and life insurance companies.

Income earned on fixed-income investments treated as ordinary earned income and taxed fully at an individual's marginal tax rate.

The investment goal of an investor. The three primary investment objectives of an investor are safety, income and growth. Two secondary investment objectives are tax minimization and liquidity.