• Alpha

    Alpha (α) is a term used in investing to describe an investment strategy's ability to beat the market S&P 500: The S&P 500 Index, or the Standard & Poor's 500 Index, is a market-capitalization-weighted index of the 500 largest publicly-traded companies in the U.S.

  • Barclays Capital Municipal Bond Index

    The index is a broad market performance benchmark for the tax-exempt bond market, the bonds included in this index must have a minimum credit rating of at least Baa.

  • Basis Points

    Basis points are a unit of measure used in finance to describe the percentage change in the value of financial instruments or the rate change in an index or other benchmark. One basis point is equivalent to 0.01% (1/100th of a percent) or 0.

  • Beta

    Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole.

  • CPI

    The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

  • Duration

    Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.

  • MSCI World Index

    The MSCI World Index captures large and mid cap representation across 23 Developed Markets countries. With 1,559 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

  • Price-to-Earnings ratio (P/E Ratio)

    The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS).

  • Risk Parity Index (RPARTR)

    The Advanced Research Risk Parity Index (RPARTR) is an index which seeks to track the performance of a multi-asset strategy that balances risk equivalently among four broad asset categories: Global Equities (U.S., Non-U.S. Developed, and Emerging Markets), Commodities (Gold, Commodity Producer Equities), U.S. Treasury Inflation-Protected Securities (TIPS) and U.S. Treasuries (Futures and T-Bills).

  • Sharpe Ratio

    The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. Volatility is a measure of the price fluctuations of an asset or portfolio.

  • TIPS

    Treasury inflation-protected securities (TIPS) are a type of Treasury security issued by the U.S. government. TIPS are indexed to inflation in order to protect investors from a decline in the purchasing power of their money.