Total Return: Total return is the actual rate of return of an investment over a period of time, including interest, capital gains, dividends, and realized distributions.
Price-to-Book: Calculated by dividing the company’s market capitalization by the company’s total book value.
Price-to-Earnings: Calculated by dividing the market value per share by the earnings per share.
Price-to-Sales: Calculated by dividing the company’s market capitalization by the revenue in the most recent year.
Active Share: A measure of the percentage of stock holdings in a portfolio that differ from the benchmark index.
Excess Return: A measure of an investment’s returns relative to the returns of the benchmark.
Beta: A measure of volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole.
R-Squared: A measure of the correlation of the portfolio’s returns to the benchmark’s returns.
Up Capture Ratio: Used to evaluate how a portfolio performed relative to the benchmark during periods when the benchmark has risen.
Down Capture Ratio: Used to evaluate how a portfolio performed relative to the benchmark during periods when the benchmark has dropped.
The American Customer Satisfaction Investable Index (ACSII) utilizes proprietary customer satisfaction scores to weight stocks within each sector by their relative customer satisfaction scores. The index utilizes customer satisfaction metrics for over 350 brands, representing over 150 large capitalization securities for inclusion in the index. Sector constraints are applied at the time of index rebalance with the intention of providing a diversified portfolio across all US sectors. The Index has an inception date of August 8, 2016, with a backtested time-series inception date of January 17, 2006.
The Reverse Cap Weighted U.S. Large Cap Index (REVERSE) is a rules-based reverse capitalization weighted index comprised of the 500 leading U.S.-listed companies as measured by their free-float market capitalization contained within the S&P 500 universe. The Index seeks to provide exposure to the smaller-end of the U.S. Large-cap market. The Index has an inception date of October 23, 2017, with a backtested time-series inception date of December 31, 1996.
Information is provided for illustrative purposes and is not a solicitation to buy or sell any investment product. Past performance is not a guarantee of future results. The charts, tables, and graphs may reflect hypothetical historical performance. All information presented prior to the launch date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index(es) was officially launched. It is not possible to invest directly in any index.
Another limitation of using back-tested information is that the back-tested calculation is generally prepared with the benefit of hindsight. Back-tested data and/or information reflects the application of the index methodology and selection of index constituents in hindsight. No hypothetical record can completely account for the impact of financial risk in actual trading. For example, there are numerous factors related to the equities, fixed income, or commodities markets in general which cannot be, and have not been accounted for in the preparation of the index information set forth, all of which can affect actual performance.
The index returns shown do not represent the results of actual trading of investable assets/securities. Index returns do reflect total returns, meaning any dividend or income that would theoretically be received in the index is reinvested. Index returns do not reflect payment of any investment management fees, trading fees, or other fees that may occur when implementing the investment strategy. Inclusion of those fees and charges would cause actual and back-tested performance of the indexes to be lower than the index performance shown.