The company that maintains the Register of Shareholders and records of the Fund, produces monthly NAV reports, and liaises with shareholders.

Class A Shares:
The participating shares that represent equity ownership in the Fund. These are issued to the investor at their current NAV and have no voting rights.

Class B Shares:
The non-participating management shares of the Fund. These are issued to the Fund Manager and have exclusive voting rights.

Commercial Paper:
Debt obligations issued by established companies for their short-term working capital needs.

Of, in, or relating to The Bahamas.

The shares or instruments of a company that indicate an interest in the assets of the company.

Fund Manager:
The company that sponsors the Fund and offers the Fund's shares for subscriptions.

Investment Account:
An account established with Montaque Securities International to reflect the value of each shareholder's ownership in the Fund.

Investment Advisor:
The professional money manager that provides the investment advice and management services to the Fund.

NAV (Net Asset Value):
The value of the Fund's assets, less its liabilities.

Open-end Mutual Fund:
A mutual fund with no specified subscription limit or closing date, and which redeems its own shares or units.

The repurchase of Class A shares by the Fund.

Registered Stock:
Long-term securities of The Bahamas Government, issued to finance its ongoing fiscal needs.

Any individual, partnership, or corporation with a beneficial interest in the Fund through the holding of Class A shares.

The Application for shares in the Fund.

Treasury Bills:
Short-term securities of The Bahamas Government, with 91- and 182-day maturities.

Valuation Date:
The last business day of the month, when the Fund's NAV is computed, and subscriptions and redemptions are deemed effective.

The rate of return on an investment.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances