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Investment Terms


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Wash sale. If you redeem fund shares at a loss and purchase new shares of the same fund within 30 days before or after the sale, you may have created a "wash sale." You cannot deduct losses from wash sales. If the wash sale rules apply, all or a portion of the loss is deferred and is added to the cost basis of the repurchased shares.

Yield. See standardized (SEC) yield.

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