Russell 2000 Index: The Russell 2000 Index measures the performance of roughly 2,000 US small-cap companies. Russell 2000 Value Index: The Russell 2000 Value Index measures the performance of US small-cap companies with lower price/book ratios and forecasted growth values. Russell 2500 Index: The Russell 2500 Index measures the performance of roughly 2,500 US small- to mid-cap companies. Russell 2500 Value Index: The Russell 2500 Value Index measures the performance of US small- to mid-cap companies with lower price/book ratios and forecasted growth values. Russell Midcap Index: The Russell Midcap Index measures the performance of roughly 800 US mid-cap companies. Russell Midcap Value Index: The Russell Midcap Value Index measures the performance of US mid-cap companies with lower price/book ratios and forecasted growth values. Russell 1000 Index: The Russell 1000 Index measures the performance of roughly 1,000 US large-cap companies. Russell 1000 Value Index: The Russell 1000 Value Index measures the performance of US large-cap companies with lower price/book ratios and forecasted growth values. Russell 3000 Index: The Russell 3000 Index measures the performance of roughly 3,000 of the largest US companies. Russell 3000 Value Index: The Russell 3000 Value Index measures the performance of the largest US companies with lower price/book ratios and forecasted growth values. Morningstar Global Markets ex-US Index: The Morningstar Global Markets ex-US Index measures the performance of the stocks located in the developed and emerging countries (excluding the US) as defined by Morningstar. Bloomberg US 1-3 Yr Gov/Credit Index: The Bloomberg US 1-3 Year Government/Credit Index measures the performance of investment grade government and corporate bonds with maturities of one to three years. Bloomberg US Aggregate Bond Index: The Bloomberg US Aggregate Bond Index measures the performance of investment grade, fixed-rate taxable bond market and includes government and corporate bonds, agency mortgage-backed, asset-backed and commercial mortgage-backed securities (agency and non-agency). 60%/40% blended Index: The Long-Short Fund Blended Index represents a 60/40 weighted blend of the Russell 1000 Index and the Bloomberg US Treasury Bills 1-3 Month Index. The Russell 1000 Index measures the performance of roughly 1,000 US large-cap companies. The Bloomberg US Treasury Bills 1-3 Month Index measures the performance of US Treasury bills with time to maturity between 1 and 3 months.
The indexes are unmanaged, market capitalization weighted, include net reinvested dividends, do not reflect fees or expenses (which would lower the return), and are not available for direct investment. Index data source: London Stock Exchange Group PLC and Bloomberg Index Services Limited.
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Active Share measures the difference between portfolio holdings and the benchmark. The higher the active share, the greater the risk. Standard Deviation measures the volatility of a portfolio's returns. Sharpe Ratio is the measure of risk-adjusted return of an investment portfolio. Alpha is the excess return of an investment relative to the index’s return. Beta measures a portfolio's sensitivity to market movements. R-squared represents the percentage of a portfolio’s movements that can be explained by general market movements. Up/Down Capture Ratio is used to evaluate how well a portfolio performed relative to an index during periods when that index has risen/dropped. Effective Duration measures the interest rate risks of bonds with optionality, such as mortgage-backed securities (MBS), where the timing of principal repayment is highly dependent on interest rate levels. Weighted Average Life is the average number of years each dollar of unpaid principal remains outstanding. Convexity estimates how the effective duration of a portfolio changes as interest rates change. Option-Adjusted Spread is the difference between the portfolio yield and the risk-free rate, accounting for embedded options. Source: The Yield Book. Information Ratio is a measurement of excess returns beyond a benchmark compared to the volatility of those returns. Key Rate Duration (KRD) measures the contribution to duration to the entire portfolio from each part of the yield curve.