Tradable Instrument Display Mnemonics. A short, unique code used to identify UK-listed shares, commonly known as a "ticker".
Here you’ll find definitions of terms used on the AIC site. Enter the term you want to search for in the box, or click on the letter it begins with.
A measure of the size of an investment company. The total value of all assets held, less current liabilities, including income for the current year.
Another name for Ongoing Charges.
A measure of performance that takes into account the income received from an investment, as well as the change in value of that investment. It is assumed that the income is immediately reinvested.
See share price total return and NAV total return.
Shares in a company which the company itself owns and which can be sold to investors to raise new funds.
Treasury shares only come into existence when a company buys back shares. Instead of cancelling the shares (i.e. they cease to exist) they are held ‘in treasury’ by the company and can be sold at a later date to raise new funds.
Treasury shares have no rights to income or capital, and no voting rights, so from an perspective of an investor in the company they can be treated as if they didn't exist until such time as they are reissued.
