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Dividend yield (Funds)
Indicated yield represents return on a share of a mutual fund held over the past 12 months. Assumes fund was purchased a year ago. Reflects effect of sales charges (at current rates), but not redemption charges.
Dividend yield (Stocks)
A pool of liquidity that an investment company places in various securities and/or derivatives with the goal of producing a certain return. Mutual funds may carry greater or lesser risk, depending on their particular investment goals. Mutual funds are actively managed by the company to maintain the investment goals. The company issues shares that represent a portion of ownership in each of the securities underlying the fund. Mutual funds are designed for investors who wish to take advantage of a highly diversified portfolio without a large amount of capital. See also: Open-end, Close-end.