The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. This index is a total return index which reflects the price changes and interest of each bond in the index.
The Bloomberg U.S. Corporate High Yield Bond Index is an unmanaged index consisting of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bonds. The index is a total return index which reflects the price changes and interest of each bond in the index.
The Bloomberg U.S. Credit Index measures the U.S. dollar-denominated, fixed-rate taxable corporate and government related bond markets. The index is a total return index which reflects the price changes and interest of each bond in the index.
The Bloomberg U.S. Fixed-Rate Asset-Backed Securities Index is an unmanaged index consisting of U.S. dollar-denominated, fixed-rate, taxable bonds. The index is a total return index which reflects the price changes and interest of each bond in the index.
The Bloomberg U.S. Mortgage Backed Securities Index tracks mortgage backed pass-through securities of Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The index is a total return index which reflects the price changes and interest of each bond in the index.
The Enhanced Income Index is composed of 70% Bloomberg U.S. Aggregate Bond Index and 30% S&P Developed $25 Billion Plus Index with net dividends. The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. This index is a total return index which reflects the price changes and interest of each bond in the index. The S&P Developed $25 Billion Plus Index measures the performance of developed market equities that have market capitalizations greater than $25 billion (USD).
The MSCI AC Asia ex Japan Growth Index with net dividends captures large and mid cap securities across developed and emerging markets in the Asia region excluding Japan. Attributes for growth index construction are long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, long-term historical sales per share growth trend.
The MSCI AC Asia ex Japan Value Index with net dividends captures large and mid cap securities across developed and emerging markets in the Asia region excluding Japan. Attributes for value index construction are book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI AC Asia Pacific ex Japan Index with net dividends captures large and mid cap representation of developed and emerging markets in the Asia Pacific region, excluding Japan. Data prior to 2001 is gross dividend and linked to the net dividend returns.
The MSCI ACWI ex USA Small Cap Index with net dividends captures small-cap representation across developed and emerging markets excluding the United States.
The MSCI ACWI ex USA Small Cap Value Index captures small-cap securities across developed and emerging markets excluding the United States, exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI ACWI Small Cap Index with net dividends captures small cap representation across developed and emerging markets countries.
The MSCI ACWI Small Cap Value Index captures small cap securities across developed and emerging markets countries exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI ACWI Small Cap Growth Index captures small cap securities across developed and emerging markets countries exhibiting overall growth style characteristics, defined using long-term forward EPS growth rate, short-term forward EPS growth rate, current internal growth rate and long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI ACWI SMID Cap Index with net dividends captures mid and small cap representation across developed and emerging market countries.
The MSCI ACWI SMID Cap Value Index with net dividends captures mid and small cap representation across developed and emergingmarket countries exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI ACWI ex USA SMID Cap Index with net dividends captures mid and small cap representation across developed and emerging market countries, excluding the United States.
The MSCI ACWI ex USA SMID Cap Value Index captures mid and small cap representation across developed and emerging market countries, excluding the United States, exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI ACWI Value Index captures large and mid cap securities across developed and emerging markets exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI ACWI Index with net dividends captures large and mid cap representation of developed and emerging markets.
The MSCI ACWI Growth Index captures large and mid cap securities across developed and emerging markets exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI EAFE Growth Index with gross dividends captures large and mid cap securities across developed market countries, excluding the United States and Canada, exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI EAFE Index with net dividends captures large and mid cap representation of developed market countries excluding the U.S. and Canada.
The MSCI EAFE Mid Cap Index with net dividends measures mid cap performance across developed market countries, excluding the U.S. and Canada.
The MSCI EAFE SMID Cap Index captures mid and small cap representation across developed market countries, excluding the U.S. and Canada.
The MSCI EAFE Value Index with net dividends captures large and mid cap securities across developed market countries, excluding the United States and Canada, exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI EAFE Value Index with net dividends captures large and mid cap securities across developed market countries, excluding the United States and Canada, exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI Emerging Markets ex China Index with net dividends captures large and mid cap representation of emerging market countries excluding China.
The MSCI Emerging Markets Growth Index captures large and mid cap securities exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI Emerging Markets Index with net dividends captures large and mid cap representation of emerging market countries. Data prior to 2001 is gross dividend and linked to the net dividend returns.
The MSCI Emerging Markets Value Index with net dividends captures large and mid cap securities across emerging markets countries, exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI Europe Growth Index captures large and mid cap securities across developed Europe exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI Europe Index with net dividends captures large and mid cap representation of developed market countries in Europe.
The MSCI Europe Value Index captures large and mid cap securities across developed Europe exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI Japan Index with net dividends is designed to measure the performance of large and mid cap segments of the Japan market.
The MSCI Japan Growth Index captures large and mid cap securities exhibiting overall growth style characteristics in Japan, defined using long-term forward EPS growth rate, short-term forward EPS growth rate, current internal growth rate and long-term historical EPS growth trend and long-term historical sales per share growth trend.
The MSCI Japan Value Index captures large and mid cap Japanese securities exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price and dividend yield.
The MSCI USA Index measures the performance of the large and mid cap segments of the U.S. equity market.
The MSCI USA Value Index captures large and mid cap U.S. securities exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI USA Growth Index captures large and mid cap U.S. securities exhibiting overall growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI World Index with net dividends captures large and mid cap representation of developed markets.
The MSCI World Growth Index with net dividends captures large and mid cap securities across developed market countries exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI World Value Index with net dividends captures large and mid cap securities across developed market countries exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI World SMID Cap Index captures mid and small cap representation of developed market countries.
The MSCI World SMID Cap Growth Index captures mid and small cap securities across developed market countries exhibiting growth style characteristics, defined using long-term forward earnings per share (EPS) growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend.
The MSCI World SMID Cap Value Index captures mid and small cap securities across developed market countries exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The Russell 1000 Index with gross dividends measures performance of the large cap segment of the U.S. equity universe.
The Russell 1000 Growth Index with gross dividends measures performance of the large cap growth segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
The Russell 1000 Value Index with gross dividends measures performance of the large cap segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
The Russell 2000 Index with gross dividends measures the performance of the small cap segment of the U.S. equity universe.
The Russell 2000 Value Index with gross dividends measures performance of the small cap value segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
The Russell 2000 Growth Index with gross dividends measures performance of the small cap growth segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
The Russell 2500 Index with gross dividends measures the performance of the small to mid cap segment of the U.S. equity universe.
The Russell 2500 Value Index with gross dividends measures the performance of the small to mid cap segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
The S&P 500 Index with gross dividends measures equity performance of 500 of the top companies in leading industries of the U.S. economy.
The S&P Developed $25 Billion Plus Index measures equity market performance of developed markets throughout the world that have market capitalizations greater than $25 billion (USD).
TOPIX with gross dividends measures performance of all domestic common stocks listed on the Tokyo Stock Exchange First Section.
The World Balanced Index is composed of 70% MSCI World Index with net dividends and 30% FTSE US Broad Investment-Grade Bond Index. The MSCI World Index captures large and mid cap representation of developed markets. The FTSE US Broad Investment-Grade Bond Index tracks the performance of U.S. dollar-denominated bonds issued in the US investment-grade bond market. Prior to April 1, 2015, the World Balanced index was composed of a 50% allocation to each benchmark in the blend. Brandes Investment Partners believes the rebalance of the benchmark’s allocation better represents the Global Balanced strategy’s asset allocation to equities and fixed income.