Public Offering Price  

The aggregate value of securities in a unit investment trust fund, divided by the number of units, plus the applicable sales charge.This is the price at which units are offered for sale to the public.

Remarks: Bond funds including mutual funds (open-end and closed-end, actively managed and indexed), exchange-traded funds and unit investment trusts offer a convenient and affordable way to invest in a diversified portfolio of bonds, but a bond fund investment can differ from a bond investment in ways that are important to understand.