Indices
COMMONLY USED PUBLIC INDICES
Alerian Energy MLP Index1: The Alerian MLP Index consists of energy Master Limited Partnerships (MLPs). The index is capped, float-adjusted, and capitalization-weighted. The constituents represent approximately 85% of total float-adjusted market capitalization.
Bloomberg Barclays Global Aggregate Index2: The Bloomberg Barclays Global Aggregate Bond Index consists of global investment grade debt from twenty-four local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
Bloomberg Barclays Municipal 1-10Y Blend Index2: The Bloomberg Barclays Municipal 1-10Y Blend Index consists of short and intermediate term U.S. investment grade tax-exempt municipal bonds. The index tracks USD-denominated tax-exempt municipal General Obligation, Revenue, Insured, and Prerefunded bonds with a remaining maturity from 1 up to (but not including) 10 years.
Bloomberg Barclays Municipal Bond 5Y (4-6) Index2: The Bloomberg Barclays Municipal 5Y (4-6) Index consists of U.S. investment grade tax-exempt municipal bonds. The index tracks USD-denominated tax-exempt municipal General Obligation, Revenue, Insured, and Prerefunded bonds with a remaining average maturity of approximately 5 years.
Bloomberg Barclays U.S. Aggregate Index2: The Bloomberg Barclays U.S. Aggregate Bond Index measures the performance of the investment grade, USD-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities (MBS), including agency fixed-rate and hybrid ARM passthroughs, asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS).
Bloomberg Barclays U.S. Corporate 1-3Y Index2: The Bloomberg Barclays U.S. Corporate 1-3Y Index measures the investment grade, fixed-rate, taxable corporate bond market. It includes USD-denominated securities publicly issued by U.S. and non-U.S. industrial, utility and financial issuers with a remaining maturity from one up to (but not including) three years.
Bloomberg Barclays U.S. Government / Credit 1-5Y Index2: The Bloomberg Barclays U.S. Government/Credit Bond Index tracks the non-securitized component of the U.S. Aggregate Index. It includes investment grade, USD-denominated, fixed-rate Treasuries, government-related and corporate securities with remaining maturities of one up to (but not including) five years.
Bloomberg Barclays U.S. Intermediate Government / Credit Index2: The Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index tracks the intermediate term non-securitized component of the U.S. Aggregate Index. It includes investment grade, USD-denominated, fixed-rate Treasuries, government-related and corporate securities with remaining maturities of one up to (but not including) ten years.
Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Index2: The Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Index measures the performance of the U.S. Treasury Inflation Protected Securities (TIPS) market. It includes investment grade TIPS issued by the United States.
Bloomberg Barclays U.S. Government Bond 1-3Y Index2: The Bloomberg Barclays U.S. Government Bond 1-3Y Index consists of all public U.S. government obligations. It includes USD-denominated, fixed rate, nominal U.S. Treasuries and U.S. Agency debentures (securities issued by U.S. government owned or government sponsored entities, and debt explicitly guaranteed by the U.S. government) with remaining maturities of one up to (but not including) three years.
Bloomberg Commodity Index2: The Bloomberg Commodity Index is made up of 22 exchange-traded futures on physical commodities which are weighted to account for economic significance and market liquidity.
Dow Jones Global Select Resi Index3: The Dow Jones Global Select Real Estate Securities Index (RESI) tracks the performance of equity real estate investments trusts (REITs) and real estate operating companies (REOCs) traded globally. The index is designed to serve as a proxy for direct real estate investment, in part by excluding companies whose performance may be driven by factors other than the value of real estate.
FTSE World Government Bond Index4: The FTSE World Government Bond Index (WGBI) measures the performance of the global sovereign fixed income market. The index includes fixed-rate, local currency, investment-grade sovereign bonds.
HFRI Fund of Funds Composite Index5: The HFRI Fund of Funds Composite Index is a global, equal-weighted index of funds that invest in multiple managers through funds or managed accounts and that report to HFR Database. Constituent funds report monthly net of all fees performance in USD and have a minimum of $50 Million under management or a twelve (12) month track record of active performance. The HFRI Fund of Funds Index is not included HFRI Fund Weighted Composite Index. The index is not investible and is rebalanced annually.
HFRI Fund Weighted Composite Index5: The HFRI Fund Weighted Composite Index is a global, equal-weighted index of all single-manager funds that report to HFR Database. Constituent funds report monthly net of all fees performance in USD and have a minimum of $50 Million under management or a twelve (12) month track record of active performance. The HFRI Fund Weighted Composite Index does not include Funds of Hedge Funds. The index is not investible and is rebalanced annually.
HFRX Aggregate Index5: The HFRX Aggregate Index is designed to be representative of the single strategy and regionally focused hedge fund universe. It is an equal-weighted index of all HFRX Sub-strategy and Regional indices, which include single-strategy and regionally-focused single-manager hedge fund strategies that report data to Hedge Fund Research, Inc. (HFR). Index construction includes quantitative simulation utilizing multi-level screening, cluster analysis, Monte-Carlo simulations and optimization techniques to ensure that each underlying index is a pure representation of its corresponding investment focus. Constituent funds are open to new investment, report monthly net of all fees performance in USD and have a minimum of $50 Million under management and a twenty-four (24) month track record of active performance. The index is designed to be investable on a daily basis and is rebalanced on a quarterly basis.
HFRX Global Hedge Fund Index5: The HFRX Global Hedge Fund Index is designed to be representative of the overall composition of the hedge fund universe. It is an asset-weighted index of all eligible hedge fund strategies that report to the HFR Database; including but not limited to convertible arbitrage, distressed securities, equity hedge, equity market neutral, event driven, macro, merger arbitrage, and relative value arbitrage. The strategies are asset weighted based on the distribution of assets in the hedge fund industry. Constituent funds are open to new investment, report monthly net of all fees performance in USD and have a minimum of $50 Million under management and a twenty-four (24) month track record of active performance. The index is designed to be investable on a daily basis and is rebalanced quarterly.
ICE BofAML U.S. 3-Month Treasury Bill Index6: The ICE BofAML U.S. 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date.
MSCI All Country World Index7: The MSCI All Country World Index measures the performance of the large- and mid-cap segments of developed and emerging country markets. It is free float-adjusted and market-capitalization weighted.
MSCI All Country World Ex–U.S. Index7: The MSCI All Country World Ex–U.S. Index measures the performance of the large- and mid-cap segments of developed and emerging country markets excluding the United States. It is free float-adjusted and market-capitalization weighted.
MSCI EAFE Index7: The MSCI EAFE Index is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the U.S. and Canada. It is free float-adjusted and market-capitalization weighted.
MSCI Emerging Markets Index7: The MSCI Emerging Markets Index captures large and mid cap representation emerging market countries. It is free float-adjusted and market-capitalization weighted.
Russell 10008: The Russell 1000 Index consists of the largest 1000 companies in the Russell 3000 Index. This index represents the universe of large capitalization stocks from which most active money managers typically select.
Russell 1000 Growth8: The Russell 1000 Growth Index consists of the companies in the Russell 1000 Index that meet specific growth style criteria.
Russell 30008: The Russell 3000 Index is composed of 3000 large U.S. companies, as determined by market capitalization. This portfolio of Securities represents approximately 98% of the investable U.S. equity market.
S&P Global Infrastructure Net Return3: The S&P Global Infrastructure Index tracks companies from around the world chosen to represent the listed infrastructure industry while maintaining liquidity and tradability. To create diversified exposure, the index includes three distinct infrastructure clusters: energy, transportation, and utilities.
S&P Global Natural Resources Net3: The S&P Global Natural Resources index tracks the largest publicly-traded companies in natural resources and commodities businesses that meet specific investability requirements, offering investors diversified and investable equity exposure across three primary commodity-related sectors: agribusiness, energy, and metals & mining.
Wilshire 5000 Total Market9: The Wilshire 5000 Total Market Index tracks the U.S. equity market, and measures performance of all U.S. equity securities with readily available price data. Named for the nearly 5,000 stocks it contained at launch, the number of securities included in the index fluctuates over time.
2 https://www.bbhub.io/indices/sites/2/2017/03/Index-Methodology-2017-03-17-FINAL-FINAL.pdf
3 https://us.spindices.com/index-finder
4 https://www.yieldbook.com/x/ixFactSheet/factsheet_monthly_wgbi.pdf
5 https://www.hedgefundresearch.com/indices
6 https://www.mlindex.ml.com/GISPublic/bin/getdoc.asp?fn=G0O1&source=indexrules
7 https://www.msci.com/indexes
8 https://www.ftse.com/products/downloads/Russell-US-indexes.pdf