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0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

zero-coupon bond: a government or corporate bond which has no coupon payments and is sold at a deep discount to its face value, which the bondholder receives at maturity. The return on a zero-coupon bond is the appreciation of the security over time. Under U.S. tax law, holders of zero-coupons owe income tax on the interest that has accrued each year, even though the bondholder does not receive any cash until maturity.

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.