Learn

Short explanations of the terms and filings behind FundVersus pages.

• What is a money market fund's 7-day yield?

  The 7-day yield annualizes a money market fund's income over the last seven days, after expenses. Funds report it daily on Form N-MFP.

• What is holdings overlap?

  Holdings overlap measures how much of two funds' stock portfolios is the same, by adding up the smaller weight of each stock both funds own.

• What is Form N-PORT?

  Form N-PORT is the monthly portfolio report that mutual funds and ETFs file with the SEC, listing every holding, net assets and monthly returns.

• What are fund share classes?

  Share classes are different versions of one fund that hold the same portfolio but charge different fees and are sold in different ways.

• ETF vs mutual fund: what is the difference?

  ETFs trade on an exchange throughout the day; mutual funds are bought and sold once a day at net asset value. Both are regulated investment funds.

• What is an expense ratio?

  An expense ratio is the share of a fund's assets paid each year for its operating costs, taken out of the fund's returns.