Glossary
- Russell 1000 Index measures the performance of the large cap segment of the U.S. equity universe, representing approximately 92% of the U.S. market.
- Russell 2000 Index measures the performance of the small cap segment of the U.S. equity universe, representing approximately 8% of the total market capitalization of that index.
- Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity universe, representing approximately 27% of the total market capitalization of the Russell 1000 companies.
- Sharpe Ratio is a risk-adjusted measure that is calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund’s historical risk adjusted performance.
- Standard Deviation is a statistical measurement of dispersion about an average, which depicts how widely returns varied over a certain period of time.