The Bloomberg U.S. Credit 1-5 Year Index: The Bloomberg U.S. Credit 1-5 Year Index is a market value weighted performance benchmark which includes virtually every major investment-grade rated corporate bond with 1-5 years remaining until maturity that serves as a supplementary benchmark.

The Bloomberg U.S. Intermediate Government/Credit 1-10 Year Index: The Bloomberg U.S. Intermediate Government/Credit 1-10 Year Index is an index of all investment grade bonds with maturities of more than one year and less than 10 years. The Barclays U.S. Intermediate Government/Credit 1-10 Year Index is a market value weighted performance benchmark.

The Bloomberg U.S. Government/Credit 1-5 Year Index: The Bloomberg U.S. Government/Credit 1-5 Year Index is an index of all investment grade bonds with maturities of more than one year and less than 5 years. The Barclays U.S. Government/Credit 1-5 Year Index is a market value weighted performance benchmark.

Basis Points: A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly used for calculating changes in interest rates, equity indexes and the yield of a fixed-income security.

Beta: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.

Bloomberg Aggregate Bond Index: The Bloomberg Aggregate Bond Index is composed of investment-grade government and corporate bonds that broadly tracks the performance of the U.S. investment-grade bond market.

Book Value:The net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities.

Capital Expenditures (capex):Capital expenditures are expenditures altering the future of the business. A capital expenditure is incurred when a business spends money either to buy fixed assets or to add to the value of an existing fixed asset with a useful life extending beyond the taxable year.

Cash Flow: A measure of the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

Consumer Price Index (CPI): A measure of the aggregate price level in an economy. The CPI measures the changes in the price level of a basket of goods and services.  Changes in the CPI are used to assess price changes associated with the cost of living.

Correlation: A statistical measure of how two securities move in relation to each other.

Coupon: The annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.

Coupon Yield: The interest rate on a bond, determined upon issuance, and expressed as a percentage of par value.

Credit Ratings: Ratings are provided by Standard & Poor’s, who assign a rating based on their analysis of the issuer’s credit worthiness. The highest rating given is AAA and the lowest is C.

Debt to Asset Ratio:  A leverage ratio that defines the amount of debt relative to assets. This metric enables comparisons of leverage to be made across different companies.  The higher the ratio, the higher the degree of leverage and, consequently, financial risk.

Dividend Yield: : A financial ratio that indicates how much a company pays out in dividends each year relative to its share price.

Duration: A commonly used measure of the potential volatility of the price of a debt security, or the aggregate market value of a portfolio of debt securities, prior to maturity. Securities with a longer duration generally have more volatile prices than securities of comparable quality with a shorter duration.

Earnings Growth: A measure of growth in a company's net income over a specific period of time, usually one to five years.

Enterprise Multiple (EV/EBITDA): A ratio used to determine the value of a company which looks at a firm as a potential acquirer would, taking into account the company's debt, which other multiples like the price-to-earnings (P/E) ratio do not include.

Fixed-to-Float Bond:Bonds that pay a fixed coupon for a specific period of time, and then they float or change what they pay based on some other criteria, which is stated at issuance.

Forward P/E: Price/earnings ratio, using earnings estimates for the next four quarters.

Forward or Projected Earnings: A company's forecasted, or estimated, earnings made by analysts or by the company itself.

Free Cash Flow: Measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.

Growth at a reasonable price (GARP): An equity investment strategy that seeks to combine tenets of both growth investing and value investing to select individual stocks.

LIBOR: LIBOR, which stands for London Interbank Offered Rate, serves as a globally accepted key benchmark interest rate that indicates borrowing costs between banks.

Market Cap: The market price of an entire company, calculated by multiplying the number of shares outstanding by the price per share.

Nasdaq: A computerized system that facilitates trading and provides price quotations on more than 5,000 of the more actively traded over the counter stocks. Created in 1971, the Nasdaq was the world's first electronic stock market.

Nasdaq 100: An index of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange.

NYSE FANG Index: is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies such as Facebook, Apple, Amazon, Netflix, and Alphabet's Google.

Option-Adjusted Spread (OAS): The measurement of the spread of a fixed-income security rate and the risk-free rate of return (e.g., a corporate U.S. Treasury security), which is then adjusted to take into account an embedded option.

Par Value: The face value of a bond.

Personal Consumption Expenditures Price Index: A measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior.

Price Momentum: The rate of acceleration of a security's price or volume.

Price-To-Book (P/B) Ratio: A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

Price-To-Earnings (P/E) Ratio: A valuation ratio of a company's current share price compared to its per-share earnings. Divide market value of a share by the earnings per share.

Price/Networking Ratio: A measure of both a company's efficiency and its short-term financial health.

Price/Sales Ratio: A ratio for valuing a stock relative to its own past performance, other companies or the market itself. Price to sales is calculated by dividing a stock's current price by its revenue per share for the trailing 12 months.

Return On Capital (ROC): In economics, return on capital, also known as return on invested capital, is a financial measure that quantifies how well a company generates cash flow relative to the capital it has invested in its business.

Return On Equity (ROE): The amount of a company’s net income returned as a percentage of shareholders equity.

Return On Invested Capital (ROIC): A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments

Russell 1000: An index measuring the performance of the 1,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small cap stocks in the United States.

Russell 2000: An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small cap stocks in the United States.

Russell 3000: An index made up of the 3,000 largest U.S.-traded stocks.

Russell Midcap Growth Index: The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values.

Russell Midcap Index: The Russell Midcap Index measures the performance of the 800 smallest companies in the Russell 1000 Index based on total market capitalization. You cannot invest directly in an index.

Russell Top 200 Index: The Russell Top 200 Index measures the performance of the largest cap segment of the U.S. equity universe.

Russell Midcap Value Index: The Russell Midcap Value Index measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values.

S&P MidCap 400: The S&P MidCap 400 is an index that comprises 400 companies selected as broadly representative of companies with midrange market capitalization.

S&P 500: The S&P 500 Index is an unmanaged index commonly used to measure the performance of U.S. stocks. You cannot directly invest in an index.

S&P 500 Growth Index: The S&P 500 Growth Index is a market capitalization weighted index. It consists of stocks within the S&P 500 Index that exhibit strong growth characteristics - sales growth, the ratio of earnings change to price, and momentum.

S&P 500 Value Index: The S&P 500 Value Index is a market capitalization weighted index. It consists of stocks within the S&P 500 Index that exhibit strong value characteristics - the ratios of book value, earnings, and sales to price.

S&P SmallCap 600: The S&P SmallCap 600 is an index of small-cap stocks that tracks a broad range of small-sized companies that meet specific liquidity and stability requirements.

SEC Yield: A standardized yield computed by dividing the net investment income per share earned during the 30-day period prior to quarter-end and was created to allow for fairer comparisons among bond funds.

Spread: The percentage point difference between yields of various classes of bonds compared to treasury bonds.

Sticky Price Consumer Price Index (CPI): A measure of a subset of goods and services included in the CPI that change price relatively infrequently.

Tangible Book Value: Tangible book value provides an estimate regarding the value of the company if it goes bankrupt and is forced to liquidate the entirety of its physical assets at the book value price.

Taper Tantrum: The phrase describes the 2013 surge in U.S. Treasury yields, resulting from the Federal Reserve's (Fed) announcement of future tapering of its policy of quantitative easing.

Tier 1 Capital Ratio: A ratio of a bank’s core equity capital and disclosed reserves to its total risk-weighted assets.

Tranches: Tranches are portions of a related collection of securities, usually debt instruments, that are split up by risk or other characteristics in order to appeal to a diverse range of investors.

Weighted Average Market Cap: the average market capitalization of all companies in a fund - with each company weighted according to its percent held in the fund.

Yield: The income earned from a bond, which takes into account the sum of the interest payment, the redemption value at the bond’s maturity, and the initial purchase price of the bond.

Yield Curve: A line that plots the interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates.

Yield-to-Maturity: The rate of return anticipated on a bond if it is held until the maturity date, which takes into account the current market price, par value, coupon interest rate and time to maturity.