Glossary

30-Day SEC Yield

The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect. 

Consumer Price Index (CPI)

A calculation of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Net Asset Value (NAV)

The “market value” of all a company’s assets, including but not limited to its properties, after subtracting the “market value” of all its liabilities and obligations.

S&P 500 Index

The S&P 500 Index is a market ​capitalization-weighted index of the 500 largest U.S. publicly traded companies.

Swaption

An option to enter into an interest rate swap or some other type of swap. In exchange for an options premium, the buyer is granted the right but not the obligation to enter into a specified swap agreement with the issuer on a date specified in the future. 

TIPS Treasury Inflation-Protected Securities (“TIPS”)

A type of U.S. Treasury security issued by the government. TIPS are indexed to the rate of inflation in order to protect investors from a decline in their purchasing power.