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Glossary

H

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hedge: an investment made to offset the risk of adverse movements in a security, currency, interest rates or inflation rates. See currency futures.

high-yield bond: a bond rated BB or lower that pays a higher yield to compensate for its greater risk. These bonds are generally issued by companies without long track records of sales and earnings, or by those with questionable credit strength. Also known as a junk bond.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.