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1-Day Yield/Daily Yield - A per share income earnings annualized (daily mill rate x 365 days divided by the NAV).
7-Day Yield (simple yield) - Reflects the average of all the rates on the securities in a portfolio over a 7-day period and annualizes the result. The result is then converted into a percent (multiplied by 100). The 7-day yield does not take into account the effects of compounding. This is why money market funds also report effective yield.
10K - An audited report of a corporation's year-end financial results and operations filed annually with the SEC. The report contains detailed information related to the company's financial condition, legal liabilities and plans for the upcoming year. Shareholders may obtain a free copy of this report from the corporation.
10Q - An unaudited financial report submitted on a quarterly basis to the SEC by any public companies whose securities are listed with the SEC. The report contains financial and other relevant information.
12b-1 Fee - A fee assessed on certain funds or share classes to help cover the costs associated with marketing and selling the fund.
12b-1 Mutual Fund - Fund which charges a fee to clients for some of its promotion expenses.
30-Day Yield (simple yield) - Reflects the interest and dividend income a fund earned from its portfolio over the last 30-day period divided by the average number of fund shares entitled to receive dividends. This figure is based on the net asset value per share on the thirteenth day of the period, annualized and converted to a percent. This yield assumes that income earned on the principal is not reinvested.
52-Week Hi/Lo - The highest and lowest prices at which a security traded in the past year (52 weeks).
401(k) Plan - A retirement plan offered by a corporation to its employees, which allows employees to set aside income into an account. Contributions and earned income are tax deferred until withdrawn for retirement purposes. The name 401(k) comes from the IRS section describing the program.
401(k) Plan Loans - Some 401(k) plans allow employees to borrow money from their 401(k) savings for specific types of situations. If an individual does borrow, he will have to pay himself interest at about 1% or 2% above the prime rate. (The most an individual can borrow is half of the account balance or $50,000, whichever is less.)
403(b) Plans - A salary-reduction program available to employees of certain charitable organizations and public school systems.
1035 Exchange - Direct transfer of an annuity to Dreyfus from an account with another company.