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Account statement

Also known as "investment adviser"; this is the organisation that serves as money manager for a mutual fund. The adviser is paid a fee based on the percentage of assets under management. Annual report

A plan for taking a periodic distribution of money during an annuity’s payout period. Annuity

The price at which a security is offered for sale by a dealer. For a mutual fund, the asked or offering price equals the net asset value (NAV) plus any front-end load. Asset

A systematic approach for dividing the portfolio into stocks, bonds and cash, including appropriate sub-categories. Factors such as age, investment horizon, risk tolerance, and portfolio size determine an individual's asset allocation. This strategy is designed to minimise the danger of asset-class risk. Asset Management Company (AMC)

A service available from virtually all funds, whereby your dividend and capital gains distributions can be reinvested into full and fractional shares at the prevailing NAV. A reinvestment program might offer several options. Asset management fee

Balanced fund