Dow Jones Industrial Average measures the price weighted value of 30 large cap equities in the US market. The 30 companies are also included in the S&P 500 Index. The value of the index is not a weighted arithmetic mean and does not represent its component company’s market capitalization. It instead measures the sum of the price of one share of stock for each component company, which is adjusted for stock splits or dividends.
S&P 500 measures performance of large cap U.S. equities. It is a market-value-weighted index of 500 stocks. The weightings make each company’s influence on the Index performance tied proportionately to market value of the company.
NASDAQ Composite measures the performance of large cap U.S. equities and similar securities listed on the NASDAQ stock market. The composition of the index is heavily weighted towards information technology companies.
S&P United States REIT defines and measures the investable universe of publicly traded real estate investment trusts within the United States.
Russell 3000 measures the performance of 3,000 of the largest cap equities in the U.S. It is considered a broad benchmark of the U.S. stock market.
Russell 1000 measures the performance of the 1,000 largest equities by market cap in the U.S. It is a subset of the broader Russell 3000 Index.
Russell Midcap measures the performance of the smallest 800 companies within the broader Russell 1000 Index. It focuses on the mid-capitalization space with market capitalizations between $2 billion and $8 billion.
Russell 2000 measures performance of small cap U.S. equities. The Russell 2000 is a market-value-weighted index of the 2,000 smallest stocks in the broader Russell 3000 Index.
MSCI EAFE measures performance of developed countries’ markets, excluding the U.S. and Canada. It focuses on large cap and mid-cap representation.
MSCI Emerging Markets measures the performance of equity markets in 25 emerging countries around the world, such as China and India, with a focus on large cap and mid-cap.
ICE BofA 3M US Trsy Note TR measures the performance of single issue of a two-year treasury note which matures closest to, but not beyond, one year from the rebalancing date.
ICE BofA 1-3YR US Trsy measures the performance of the direct debt of the U.S. Government having a maturity of at least one year and less than three years.
Bloomberg Long Term US Trsy measures U.S. dollar-denominated, fixed-rate, nominal debt issued by the U.S. Treasury with 10 years or more to maturity.
Bloomberg US Aggregate Bond is a broad benchmark that measures the investment grade, USD and fixed-rate taxable bond market. The index includes Treasuries, agency and corporate securities.
Bloomberg US Treasury US TIPS measures the performance of the U.S. Treasury Inflation Protected Securities market.
Bloomberg US High Yield Corp measures the USD-denominated, high-yield, fixed-rate corporate bond market.
Bloomberg Global Aggregate (Global Bond) measures global investment grade debt from 24 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
Morningstar Lifetime Moderate 2020 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. Portfolio is held in proportions appropriate for a U.S. investor who is about ten years away from retirement. The Moderate risk profile is for investors who are comfortable with average exposure to equity market volatility.
Morningstar Lifetime Moderate 2040 represents a portfolio of global equities, bonds and traditional inflation hedges such as commodities and TIPS. Portfolio is held in proportions appropriate for a U.S. investor who is about 30 years away from retirement. The moderate risk profile is for investors who are comfortable with average exposure to equity market volatility.