Average major brokerage firm financial analyst estimate of future year’s growth in earnings.

Change in price of fund plus dividends received per share over past year divided by price of fund. A better measure of total return than simply rate of price rise.

Percentage of fund assets that fund manager may withdraw each year to pay for marketing and other non-operating expenses. Generally absent among ETFs but common and often large in actively traded funds.

Annualized rate of increase of earnings of past three years.

A measure of performance in percentage above or below what would have been predicted by risk as suggested by its Beta. Positive alpha means a fund performed greater than its risk would suggest, while negative Alpha means the fund under performed. An ETF of Alpha 1.5 outperformed its index by 1.5% as predicted by its Beta.

Percentage of value of stocks in a portfolio that are sold and replaced with new stocks each year. Turnover in indexing should be low.

Lowest price any seller is willing to accept for a security at a given time.

Often called a specialist, this sophisticated professional trading firm helps create (trade stocks for an ETF) and redeem (trade an ETF for stocks) ETFs.

Percentage of holdings in different types of investments, ie. large stocks, international, bond, etc.

Funds that invest in both stocks and bonds in substantial amounts.