|
|
|
 |
|
TD Mutual Funds Glossary
Average Cost
"Average Cost" refers to the cost of the investment units currently held in your account (that is, the price you paid for them plus any reinvested distributions), as opposed to the Market Value, which is the value of the investment units at the most recent price. In most cases, you cannot calculate your return from average cost because of the effect of reinvested distributions.
"Average Cost" is used to calculate the foreign content percentage in registered accounts (you might also see it referred to as Book Value), and the capital gain or loss incurred when selling units in non-registered accounts.
Early Redemption Fee
An early redemption fee of 2.00% (based on original purchase cost) may be payable to certain mutual funds, if units are redeemed or transferred within 90 or 180 days of purchase.
Front End Load
A sales fee charged on the purchase of mutual fund units.
Gross Amount
For purchases, transfers in, and other deposits, the gross amount is the amount that was invested before any front end load was deducted. For TD Mutual Funds purchased on a no load basis, the full gross amount is invested.
For redemptions, transfers out, and other withdrawals, the gross amount is the amount that was withdrawn before any applicable withholding taxes or early redemption fees were deducted.
Investment
In EasyWeb, "Investment" refers to TD Mutual Funds or other offered investments.
Market Value
The value of the investment as of the specified date, calculated by multiplying the "Units Held" by the "Price Per Unit".
Net Amount
For purchases, transfers in, and other deposits, the net amount is the amount that was invested in the investment after any applicable front end load was deducted. Since TD Mutual Funds Investor Series and e-Series are no load, the net amount equals the gross amount.
For redemptions, transfers out, and other withdrawals, the net amount is the amount that was either paid to the investor, or transferred to the "Transfer To" investment, after any applicable withholding taxes or early redemption fees were deducted.
No-Load Fund
A mutual fund that does not charge a fee for purchasing or redeeming its units.
Percent of Average Cost (CAD$)
"Percent of Average Cost (CAD$)" is the percentage of each investment held in your account, based upon the "Average Cost" of the investment in Canadian dollars.
Percent of Holdings
The percentage of each investment held in your account, based upon the Market Value of the investment in Canadian dollars.
Pre-Authorized Purchase Plan (PPP)
TD's Pre-Authorized Purchase Plan is a systematic investment program that allows you to invest as little as $25 per month. In the TD Managed Assets Program, the minimum lump sum amount must be met prior to establishing a PPP.
Under the Pre-Authorized Purchase Plan, the amount you select is automatically deducted from your bank account at regular intervals and invested in the fund. By investing a fixed amount at regular intervals, you automatically buy more units when prices are low and fewer units when prices are high. While this technique doesn't guarantee a profit or protect against a loss, it usually results in a lower average unit cost over time.
Pre-Authorized Purchase Plans (PPPs) - Weekly
Weekly PPPs will be processed once each week. You can select any business day of the week (Monday - Friday).
Pre-Authorized Purchase Plans (PPPs) - Bi-Weekly
Bi-weekly PPPs will be processed every two weeks. You can select any business day of the week (Monday - Friday).
Pre-Authorized Purchase Plans (PPPs) - Monthly
Monthly PPPs will be processed once per month. You can select and day in the month.
Pre-Authorized Purchase Plans (PPPs) - Semi-Monthly
Semi-Monthly PPPs will be processed twice per month.
Pre-Authorized Purchase Plans (PPPs) - Quarterly
Quarterly PPPs will be processed once every 3 months on and following your selected "Start Date".
Pre-Authorized Purchase Plans (PPPs) - Semi-Annual
Semi-Annual PPPs will be processed once every 6 months on and following your selected "Start Date".
Pre-Authorized Purchase Plans (PPPs) - Annual
Annual PPPs will be processed once every 12 months on your selected "Start Date"
Trade Date
The valuation date of the transaction. A valuation day is generally each day that the TD CanadaTrust is open for business at its main branch. EasyWeb orders received before 3:00 PM Eastern Time on a valuation day will receive that day's unit price and date. Orders received after 3:00 PM Eastern Time on a valuation day or on any day that is not a valuation day will receive the unit price and date of the next valuation day.
Unit
Each unit of a mutual fund represents a equal portion of that fund. Your total units in the fund represent your proportional ownership of the fund.
|
Privacy Policy | Internet Security | Legal | Copyright © TD |
|||