S&P 500®
The S&P 500® Index is an unmanaged composite of 500 large capitalization companies. This index is widely used by professional investors as a performance benchmark for large-cap stocks. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
Risk Adjusted Returns
A concept that refines an investment's return by measuring how much risk is involved in producing that return, which is generally expressed as a number or rating. There are five principal risk measures: alpha, beta, r-squared, standard deviation and the Sharpe ratio. Each risk measure is unique in how it measures risk. When comparing two or more potential investments, an investor should always compare the same risk measures to each different investment in order to get a relative performance perspective.
MSCI World Index
The MSCI World Index captures large and mid cap representation across 23 Developed Markets (DM) countries
Large Market Capitalization (Large Cap)
Refers to public companies with a market capitalization value of more than $10 billion.
Middle Market Capitalization (Mid Cap)
Refers to public companies with a market capitalization value between $2 and $10 billion.
Small Market Capitalization (Small Cap)
Refers to publlic companies with a market capitalization value between $300 million and $2 billion.
A fixed income instrument that represents a loan made by an investor to a borrower. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors, of the issuer.
Basic goods used in commerce that are interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. The sale and purchase of commodities are usually carried out through futures contracts on exchanges that standardize the quantity and minimum quality of the commodity being traded.