The NASDAQ Stock Market

Family of Funds
Group of mutual funds managed by the same investment management company. Each fund typically has a different objective; one may be a growth-oriented stock fund, whereas another may be a bond fund or money market fund. Shareholders in one of the funds can usually switch their money into any of the family's other funds, sometimes at no charge. Family of funds with no sales charges are called no load families. Those with sales charges are called load families.
Fiscal Periods
Because not all companies have the same fiscal year end, we, in cooperation with I/B/E/S, use FY1, FY2, etc., to identify unique fiscal periods for forecast data. For comparison purposes, I/B/E/S rounds off the quarter end dates to the nearest month end. The following is a description of how this labeling works: FY = fiscal year Q = quarter SAN = semiannual The most recently reported earnings number is denoted with a zero (0). Then, the first estimate year is denoted with a one (1), the year after that, a two (2), and so on. So, as an example, if FY0 corresponds to the December 96 year end reported, then FY1 data refers to estimates for December 97, FY2 refers to estimates for the December 98 year end, and so on. Use the same conventions for interim periods (quarter and semiannual).
Footnotes:
Footnote A
To be used if the fund's return to shareholders may differ due to capital gains or losses. This footnote applied to money market funds only.
Footnote B
To be used if there are any sales charges or account charges which impact yield. This footnote applies to money market funds only.
Footnote C
Return of Capital information is being submitted for the year in the Capital Gains Distribution field.
Footnote D
To be used on any day that a mutual fund's net asset value is reduced by a capital gains distribution.
Footnote F
To be used by any type of fund that reports quotations as of the day prior to the day of reporting.
Footnote G
To be used if the fund's capital gains figure includes short term gains.
Footnote N
To be used by mutual funds when the fund does not have a sales load, i.e. there is no front-end and no contingent deferred sales load.
Footnote P
To be used by mutual funds if the fund has adopted a rule 12(b)1 distribution plan under which a specific charge is made against the net assets of the fund.
Footnote R
To be used by mutual funds with redemption fees, contingent deferred sales charges, or other charges deducted from net asset value upon redemption (other than charges for special services such as wire transfer).
Footnote S
To be used on the ex-date for stock splits or stock dividends.
Footnote T
To be used if the fund began reporting prices to NASDAQ during the current year (in this case 1999).
Footnote X
To be used by mutual funds on any day a fund goes ex-dividend.
Foreign
A non U.S. company with securities trading on The NASDAQ Stock Market.
Forward P/E (1yr)
A widely used stock evaluation measure. For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Average EPS (Earnings Per Share) Estimate for the specified fiscal time period. The forward P/E refers to the value for the next full year.
Gold - GOX
The CBOE Gold Index - (GOX) is an equal-dollar-weighted index composed of 10 companies involved primarily in gold mining and production. The index is re-balanced after the close of business on expiration Friday on the March quarterly cycle.
Growth Rate Measures for EPS

Current year/last year % growth shows the percent change between the current year's Forecasted mean EPS estimate and the last reported actual EPS

Next year/current year % growth shows the percent change between next year's forecasted mean EPS estimate and the current year's forecasted mean estimate

Historical EPS growth % (historical 5 year growth)shows the average annual EPS growth for the company over the past five years

5 year growth median is the median annual growth forecast over the next five years

12 Month Forward % Growth is the projected growth in the company's EPS over the next 12 months (PEG Ratio)

Held
A situation where a security is temporarily not available for trading (e.g. Market Makers are not allowed to display quotes).
Inside Market
The highest bid and the lowest offer prices among all competing Market Makers in a NASDAQ security, i.e., the best bid and offer prices.
IPO Date
The date that the security started publicly trading.
IPV
Ordinarily calculated during the trading day, based upon the current market value of the securities in a Creation Unit together with an applicable cash amount on a given business day, and represented on a per ETF-share basis, as described in its prospectus
Last Sale Reporting
An electronic entry by NASD Members to The NASDAQ Stock Market of the price and the number of shares involved in a transaction in a NASDAQ security. The trade reported must be submitted to NASDAQ with 90 seconds of the execution of the trade.
Limit Order
A Limit Order is an order to buy or sell a stock at a customer specified price.
Load Fund
Mutual Fund that is sold for a sales charge by a brokerage firm or other sales representative. Such funds may be stock, bond or commodity funds, with conservative or aggressive objectives.
Long Term Gain
A gain on the sale of a capital asset where the holding period was twelve months or more and the profit was subject to the long term capital gains tax.
Management's Discussion and Analysis (MD&A)
A key area looked at by analysts; an interpretive section of the prospectus and of the annual report, frequently called the Financial Review.
Margin account
A brokerage account that permits an investor to purchase securities on credit and to borrow on securities already in the account. Buying on credit and borrowing are subject to standards established by the Federal Reserve and by the firm carrying the account. Interest is charged on any borrowed funds only for the period of time the loan is outstanding.
Market Category
The market it trades on, either NASDAQ Global Select Market (NGS), NASDAQ Global Market (NGM), or NASDAQ Capital Market (NCM).
Market Close
An electronic entry by NASD Members to The NASDAQ Stock Market of the regular trading day's last reported trade. Investors may trade during the regular trading session from 9:30am - 4:00pm. Trades must be submitted to NASDAQ within 90 seconds of the execution of the trade by an NASD Member Firm.
Market Close Date
Date on which the closing Net Asset Value (NAV) was last calculated.
Market Makers
The NASD member firms that use their own capital, research, retail and/or systems resources to represent a stock and compete with each other to buy and sell the stocks they represent. There are over 500 member firms that act as NASDAQ Market Makers. One of the major differences between The NASDAQ Stock Market and other major markets in the U.S. is NASDAQ's structure of competing Market Makers. Each Market Maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the Market Maker will immediately purchase for or sell from its own inventory, or seek the other side of the trade until it is executed, often in a matter of seconds.