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S

Securities

Another name for investments such as *stocks*, *shares* and *bonds*.

Shares

The name given to a part of a company owned by an investor – the investor buys *shares* in the company. Is also used to describe the *OEIC* equivalent of a *unit*.

Short Report

Consumer friendly version of the long form annual report and accounts which focus on the fund's activities over a given period.  A version of the short report is sent out by the *fund manager* to all investors in a fund, with the longer version available on request.

Simplified Prospectus

Offered to all investors in *UCITS* funds (and in some cases *NURS* funds) before the point of purchasing *units*/*shares*.  This document formally sets out details of the fund including its investment policy, charges and *distribution* dates.  See also "*Key Features Documents*".

Single pricing

Some *OEICs* and *unit trusts* have a single price at which investors both buy and sell. The *initial charge* is shown separately and is charged in addition to the *unit*/*share* price.

Socially responsible investment funds

See "*Ethical funds*".

Stocks and shares

Also known as *equities*, this is the name given to a part of a company owned by an investor.