The bid/offer spread is the difference between the selling price of units and shares in a fund, and the buying price. Typically, the buying (offer) price for investors will be higher and the selling (bid) price will be lower to reflect the fact that the underlying assets (e.g. shares) will have a bid/offer spread too. The T. Bailey Funds do not have a bid/offer spread, as our funds are Single Priced. (See Dilution)
