Account type identifies investments registration. Common account types include: Non-Registered (a regular investment account), RRSP, Self- Directed RRSP and RESP.
This is the average cost of units/shares.
This is the Investment Dealer or Intermediary who administers accounts on behalf of their investor clients.
This is the maximum amount that may be withdrawn from an account – usually a RRIF account.
This is the minimum amount that must be withdrawn from an account – usually a RRIF account.
Calculated by taking the net amount invested through purchases and reinvested distributions and dividing it by the number of units/shares bought.
A mutual fund that invests in a combination of stocks and bonds:
A prolonged period of falling securities prices.
A long-term debt instrument that promises to pay a specified amount of interest and return the principal amount on a specified maturity date. See Fixed Income Funds.
A mutual fund with a portfolio consisting primarily of bonds.
This is the portion of a distribution that is comprised of capital gains realized in the Fund.
Derived from profits earned by the sale of stocks and bonds in a portfolio, capital gains distributions are passed from the Fund to its unitholders.
A type of asset that can be quickly converted to cash, including Treasury bills and short-term commercial paper.
A mutual fund that issues a fixed number of units. These units are usually bought and sold on stock exchanges and market supply and demand forces determine their value.
A type of security that represents an ownership share in a corporation. Owners of common shares are typically entitled to receive voting rights and dividends. These securities generally have the greatest potential for capital appreciation, but their rights are subordinated in the event of a liquidation or bankruptcy.
An important investment principle, this is the process of earning income on income already earned.
Beneficiaries are entitled to receive death benefits in the event there are no eligible primary beneficiaries for the contract.
This investment style seeks opportunities to 'unlock' shareholder value by identifying special situations such as distressed bonds at substantial discounts or takeovers and by accumulating majority positions and force restructuring through shareholder activism.
A mutual fund purchase option that requires an investor to pay a commission if and when the investment is redeemed. The amount of the commission is typically reduced the longer the investment is held. For Templeton, Franklin, Franklin Bissett, and Franklin Franklin Mutual Series Funds, the commission declines to nil if the investment is held for more than 6 years.
A payout to the unitholders (or shareholders) of the net income or realized capital gains earned by a mutual fund.
An investment strategy that spreads investments across a variety of areas, which may include some or all of the following: securities, asset classes, geographic regions, and investment instruments. This strategy seeks to reduce risk in a investment, particularly during times of market volatility.
An investment strategy in which regular purchases are made with the goal to reduce the average cost per share by acquiring more shares when prices are lower and fewer shares when prices rise.
Any country with stock market capitalization of less than 3% of the Morgan Stanley Capital International World Index; low to middle income economy, as determined by the International Bank of Reconstruction and Development. Examples: Indonesia, Colombia, Peru, Philippines, South Africa, Thailand.
A mutual fund with a portfolio consisting primarily of common stocks.
An amount withdrawn subject to withholding tax.
A mutual fund that invests primarily in fixed income securities (bonds).
A mutual fund purchase option that requires the investor to pay an up-front commission to an investment advisor. Typically, the commission is deducted from the initial investment.
The GARP objective is to produce above average returns at lower than average risk levels; capital preservation and stability are of primary importance by employing a bottom-up approach in which companies demonstrate a gaining momentum and sustainable, replicable growth.
A mutual fund that invests anywhere in the world.
An investment approach that focuses on companies whose earnings are expected to rise at an above-average rate. A version of this investment style is employed by the managers of the Franklin Bissett and Franklin Funds.
Bottom-up company research looking for secular investment opportunities; companies with proprietary/intellectual property, a sustainable competitive advantage or a unique marketing niche; leaders of major secular trends.
Comprised of interest and income earned in a mutual fund.
These Funds invest primarily in fixed-income securities such as bonds, mortgages and preferred shares. Their primary objective is to produce income for investors, while preserving capital.
A statistical model used to measure changes in a specific financial market.
Two-thirds of the fund must be invested in S&P/TSE60 Index companies, and remainder in the 120 largest Canadian-listed companies.
Market cap greater than U.S. $8.5 billion Load: A commission charged to mutual fund investors.
A measure of the total costs of operating a mutual fund, expressed as a percentage of the fund's average net assets.
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.
Market capitalization under C$100 million.
A mutual fund that invests primarily in Treasury bills and other low risk short-term securities.
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.
The market value of one unit of a mutual fund on a given day. Net Asset Value is calculated by adding the total value of the Fund's assets and subtracting the liabilities. To find the NAVPU, the Fund's Net Asset Value is divided by the total number of units outstanding. A listing of the daily NAVPU, is available.
A mutual fund that continually issues and redeems units. Unlike a Closed-End Fund, the number of units outstanding will vary on a daily basis. The value of each unit is based on the Fund's net asset value per unit. Most mutual funds are open-ended.
A class of shares that typically pays dividends at a specified rate. Preferred shares have preference over common shares in the payment of dividends and the liquidation of assets, but they do not ordinarily carry voting rights.
See Deferred Sales Charge
A plan that allows a contributor's investments to grow tax free until a beneficiary is able to use the proceeds to pay the costs of post-secondary education. More information is available on Franklin Templeton Investments RESPs.
A RRIF enables investors to roll-over their RRSP assets into a plan that provides a regular investment income stream at retirement.
A tax-deferral plan that allows individuals to invest for their retirement. Invested amounts, subject to certain limits, are deductible from taxable income and can compound within the plan tax-free. Franklin Templeton Investments offers a wide variety of RRSP-eligible funds.
A mutual fund that concentrates on a particular industry such as health care, energy or telecommunications.
A document that must be distributed to each new mutual fund investor. The simplified prospectus contains pertinent information such as the stated investment objective of the fund, the fees and commissions payable, and purchase/redemption options.
Market capitalization between C$100 million and C$1 billion.
Companies with market caps not exceeding (i) U.S. $1.5 billion, and (ii) highest market cap value in the Russell 2000 Index.
A withdrawal plan option that allows an investor to receive regular payments through the automatic redemption of units from his/her mutual fund account. To participate in this plan, Franklin Templeton Investments investors must have a minimum account balance of $5,000.
Short term government debt securities with maturities of less than one year. Treasury bills can quickly be converted into cash.
Stocks selling at prices lower than analysts' assessment of their true worth; long-term perspective with average holding time of 5 years; bottom-up style of selecting funds.
The tendency of a mutual fund or security to rise or fall sharply. There are many statistical measures of volatility.