Glossary

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Market Value. This is the value of a fund on the day listed. It is calculated by multiplying the Units/Shares owned by the Unit/Share Price.

Management Expense Ratio: A measure of the total costs of operating a mutual fund, expressed as a percentage of the fund's average net assets.

Micro Cap: Market capitalization under C$100 million.

Money Market Fund: A mutual fund that invests primarily in Treasury bills and other low risk short-term securities.

Mutual Fund: An entity that pools the money of many individuals and is invested by professional investment managers in a wide range of securities on their behalf.

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