Target yield
The annualised return an asset aims to produce, before it happens, shown net of fees.
A target is an expectation derived from the underlying instruments, not a promise. Target yield is variable, not guaranteed and shown net of fees.
The realised figure can differ because rates move, instruments mature at different prices and currency moves against a holder. Past performance is not indicative of future results.
Related terms
Yield to maturity
The return a bill or bond produces if it is held to its maturity date and pays as scheduled.
Net asset valueThe value of one token calculated from the assets behind it, less fees and liabilities, at a stated time.
Net of feesA figure shown after the management and operating fees of the product have been deducted.