A measurement of investment risk that shows how closely the portfolio's performance correlates with the performance of a benchmark and thus indicates how closely that performance is linked to the broad market. A high R2 signifies that the portfolio's fluctuations generally reflect market moves, while a low R2 indicates that other factors tend to drive fund performance.
Real Asset Income Blend
Real Asset Income Blend comprises a weighting of 28% S&P Global Infrastructure Index, 21% FTSE EPRA/NAREIT Developed Index, 18% Wells Fargo Hybrid & Preferred Securities REIT Index, 15% Bloomberg Barclays Global Capital Securities Index and 18% Bloomberg Barclays U.S. Corporate HY Index.
Real Estate Company
A real estate company generally derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate, or has at least 50% of its assets invested in such real estate.
Real Estate Investment Trust Act of 1960
Congress passed this federal law in 1960, which officially authorized Real Estate Investment Trusts (REITs). Its purpose was to allow small investors to pool their investments in real estate in order to get the same benefits as might be obtained by direct ownership, while also diversifying their risks and obtaining professional management.
Real Interest Rate
The amount by which the nominal interest rate is higher than the inflation rate. The real rate of interest is approximated by taking the nominal interest rate and subtracting inflation. The real interest rate is the growth rate of purchasing power derived from an investment.
Real Rate of Return
The return on an investment after it is adjusted for the effects of inflation.
The date that determines which shareholders will be paid the dividend or capital gain or other distribution. Only investors who are officially shareholders on the books at the opening of business on the record date will receive the distribution on the payment date.
The price at which a holder can redeem (sell) an open end fund's shares, determined by deducting any applicable contingent deferred sales charge (CDSC) from the net asset value (NAV) per share.
Regulatory Leverage consists of preferred shares or debt issued by the fund. Both of these are part of a fund’s capital structure. Regulatory leverage is sometimes referred to as “’40 Act Leverage” and is subject to asset coverage limits set in the Investment Company Act of 1940.
The right of shareholders to use income and/or capital gain distributions to purchase additional shares of the fund without paying a sales charge.
A real estate investment trust (REIT) is a company that owns and, usually, operates income-producing commercial real estate, such as apartments, shopping centers, offices, hotels and warehouses, or mortgage loans secured by such properties.
REOC (real estate operating company)
A real estate investment company. Unlike a REIT, a REOC is not required to pay out at least 99% of its dividends.
The value of an asset as determined by the estimated cost of replacing it.
Repurchase Agreement (Repo)
A contract under which one party "sells" securities to another party with an agreement to buy back or "repurchase" the securities at a fixed price on a future date. Repos are usually very short-term in nature and are, in effect, a form of borrowing that is backed by collateral, with interest equal to the difference between the selling and repurchase prices.
Residential Mortgage Backed Securities (RMBS)
Securities comprised of a pool of mortgage loans created by banks and other financial institutions. The cash flows from each of the pooled mortgages is packaged by a special-purpose entity into classes and tranches, which then issues securities and can be purchased by investors.
Responsible Investment (RI)
Responsible Investment (RI) is an approach to investing that aims to incorporate environmental, social and governance (ESG) factors into investment decisions, to better manage risk and generate sustainable, long-term returns.
Return of Capital
A distribution received from a fund investment that is not from net income or realized capital gains but rather represents either an unrealized gain or a return of a part of the original investment, or both. A return of capital is not taxable unless it exceeds the investment.
Return on Equity (ROE)
Return on equity (ROE) is the amount of net income returned as a percentage of shareholders' equity.
A municipal bond that is backed by the revenue from the project being financed. Revenue bonds are considered to be less securely backed than general obligation bonds, and thus may trade with higher yields.
Rights Of Accumulation (ROA)
A way for a shareholder to qualify for a reduced sales charge by adding the value of shares already owned to the amount of a new purchase.
Rights Offering (Issue)
Issuing rights to a company's existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period.
A concept that refines an investment's return by measuring how much risk is involved in producing that return, which is generally expressed as a number or rating. Risk-adjusted returns are applied to individual securities and investment funds and portfolios.
A tax-free transfer of cash or other assets from one retirement plan to another. An IRA holder may shift assets from a present IRA to another. Distributions from a qualified retirement plan may also be rolled over to an IRA or to another employer's plan.
An individual retirement account that is established for the sole purpose of receiving a distribution from a qualified plan.
An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible and qualified distributions are tax-free.
Russell 1000® Growth Index
The Russell 1000® Growth Index measures the performance of those Russell 1000 companies with a greater-than-average growth orientation.
Russell 1000® Index
The Russell 1000® Index measures the performance of the large cap segment of the U.S. equity universe which includes approximately 1000 of the largest securities based on a contribution of their market cap and current index measurement.
Russell 1000® Value Index
The Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.
Russell 2000® Growth Index
The Russell 2000® Growth Index measures the performance of those Russell 2000 companies with a greater-than-average growth orientation.
Russell 2000® Index
The Russell 2000® Index measures the performance of the small cap segment of the U.S. equity universe which includes approximately 2000 of the largest securities based on a contribution of their market cap and current index measurement.
Russell 2000® Value Index
The Russell 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.
Russell 2500™ Index
The Russell 2500™ Index measures the performance of the 2,500 smallest companies in the Russell 3000® Index.
Russell 2500™ Value Index
The Russell 2500™ Value Index measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values.
Russell 3000® Index
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market.
Russell 3000® Value Index
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market with lower price-to-book ratios and lower forecasted growth values.
Russell Midcap® Growth Index
The Russell Midcap Growth Index measures the performance of the smallest 800 companies in the Russell 1000® Index with a greater-than-average growth orientation.
Russell Midcap® Index
The Russell Midcap Index measures the performance of the smallest 800 companies in the Russell 1000® Index.
Russell Midcap® Value Index
The Russell Midcap Value Index measures the performance of the smallest 800 companies in the Russell 1000® Index with lower price-to-book ratios and lower forecasted growth values.with lower price-to-book ratios and lower forecasted growth values.