Glossary of Investment Terms

Welcome to the Investment Glossary. We hope you find these terms useful. Should you have a term you would like addressed, please let us know. We would be happy to add it to our list.

NAFTA North American Free Trade Agreement.

NASDAQ The National Association of Security Dealers Automated Quotation System, an index of US Over The Counter issues.

NATO North Atlantic Treaty Organization

Nesbitt Burns Small Cap Index This is an equal-weighted total return index measurement. It includes 400 stocks representing the common shares of Canadian companies traded on the Toronto Stock Exchange and Montreal Exchange whose market capitalization does not exceed 0.1% of the total capitalization of the TSE 300 Index calculated at the beginning of each month.

Net Asset Value per Share (NAVPS) The market value of the securities and assets held by the mutual fund less its current liabilities, divided by the total number of shares outstanding.

New Issue An offering of stocks or bonds sold by a company for the first time.

No Load A term used to describe a mutual fund that does not have a commission or sales charge.