OEIC

A measure of how much the prices of an asset or index vary over time.

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

A set of standards which investors use to present their investment results.

This is the measurement of a fund’s performance in a specific period.

A startup valued at over £1 billion. They are rare, hence the name.

A security that is sold outside of an exchange.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.