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Glossary |
U
U.S. Stock Funds
Funds that invest primarily in stocks issued by U.S. companies. The short-term risk of investing in stocks has been much higher than bonds. However, over long periods of time, stocks have generally done better than bonds, which is one of the main reasons that stocks are typically recommended for retirement investing. Some risk is necessary to achieve long-term investment growth.
Unit
The measurement of participation in a particular fund. It is similar to the common stock concept for a company where the number of shares held is described as a percent of the total number of outstanding shares and entitles the stockholder to the equivalent portion of the net worth of the company.
Unit Value
The total dollar value of the securities held in each fund, divided by the accumulated units in the fund.
Unitized Accounting
A recordkeeping method used in the FRS Investment Plan whereby assets of a fund are reflected as "units of ownership" in the underlying assets, such as stocks, bonds, etc. It allows the change in market value, whether from interest, dividends and/or price changes of the underlying investments or distributions, to be reflected for all participants on a daily basis.
Upside Market Result
An estimate in "Today's Dollars" of how well an investment of $10,000 today might do over a 10-year period. There is a 5% chance that $10,000 would grow to this amount or more in 10 years.
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