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# Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX)
  (EDT)
» Closed-End Fund Center

Jargon Buster

The financial world uses a number of words and phrases not in everyday usage. Aberdeen has compiled a comprehensive list to clarify these terms and assist your decision making.

If you are puzzled by a particular word or expression that we have used and cannot find an explanation for it in Jargon Buster, please contact us with your query and we will respond either direct to you by email or by adding the explanation to Jargon Buster for the benefit of others.

Jargon Buster Website Query
 
American depository receipt (ADR)

A certificate issued by a U.S. bank representing one or more shares of a foreign stock traded on a U.S. exchange. ADRs are denominated in U.S. dollars.

Annual report

The Securities and Exchange Commission (SEC) requires each fund to provide its shareholders with an annual report within 60 days following the end of the fund's fiscal year. The report contains an audited financial statement, as well as detailed information regarding the fund’s holdings and performance during the previous 12 months.

Annualized rate of return

A fund’s average return per year compounded over a specific period of time.

Auction rate preferred

Shares of preferred stock issued by leveraged closed-end funds. The shares are purchased or sold at weekly auctions, at which time the dividends or interest payments are determined.

Average annual total return

A fund’s average return per year over a specific number of years. The calculation of the average annual total return includes the change in net asset value or market price, and reinvestment of any dividends and capital gains distributions.

Average maturity

The average maturity dates of a fixed income fund’s holdings. This is an indicator of a fund’s performance in periods of rising or falling interest rates. The longer the average maturity, the more a fund’s value will fluctuate in response to changes in interest rates.

Average weighted/median market capitalization

A company’s market capitalization is the total value of its stock. A mutual fund’s average and median market capitalization provides an indication of the size of the companies in which it invests.

 
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