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Target Date Fund

A diversified mutual fund that automatically shifts towards a more conservative mix of investments as it approaches a particular year in the future, known as its "target date." A target date fund investor picks a fund with the right target date based on his or her particular investment goal. The managers of the fund then make all decisions about asset allocation, diversification, and rebalancing. Target date funds also are known as lifecycle funds.

Tender Offer

A tender offer is typically an active and widespread solicitation by a company or third party (often called the “bidder” or “offeror”) to purchase a substantial percentage of the company’s securities.  Bidders may conduct tender offers to acquire equity (common stock) in a particular company or debt issued by the company.  A tender offer where the company seeks to acquire its own securities is often referred to as an issuer tender offer.  A tender offer where a third party seeks to acquire another company’s securities is referred to as a third party tender offer.  


Each publicly traded common stock in the U.S. receives a short abbreviation that identifies it, known as its stock symbol or stock ticker symbol. Some stocks have single-letter ticker symbols while others may have up to five. Letters that appear after a ticker provide additional information. For instance, the letter "Q" after a ticker signifies that the company is in bankruptcy.

Time Horizon

Your time horizon is the number of months, years, or decades you need to invest to achieve your financial goal.

Total Annual Fund Operating Expense

The total of a fund's annual fund operating expenses, expressed as a percentage of the fund's average net assets. You'll find the total in the fund's fee table in the prospectus.

Transferring Your Brokerage Account

All brokerage account transfers start and end with your new firm.  Customers initiate the transfer process by completing a Transfer Instruction Form (TIF) and sending it to the new firm.  Most account transfer delays occur because the TIF is either incorrect or incomplete.  It is critical that you use the correct form and fill it out very carefully.  Be sure to provide the requested information exactly as it appears on your old account.

Treasury Securities

Treasury securities—including Treasury bills, notes, and bonds—are debt obligations issued by the U.S. Department of the Treasury. Treasury securities are considered one of the safest investments because they are backed by the full faith and credit of the U.S. government.  The income from Treasury securities may be exempt from state and local taxes, but not from federal taxes. For more information about Treasury securities, visit TreasuryDirect.gov.  


An institution, usually a bank, designated by the issuer as the custodian of funds and official representative of bondholders.