Glossary of Investment Terms

Welcome to the Investment Glossary. We hope you find these terms useful. Should you have a term you would like addressed, please let us know. We would be happy to add it to our list.

Real Yield The nominal yield received minus the percentage change in the Consumer Price Index (i.e., the rate of inflation).

Recession Two consecutive quarters with a decrease in economic output.

Record Date This is the date, that all unitholders on a companies books are entitled to receive the dividend to be declared. If you become a unitholder after the record date, you are not entitled to the recent dividend.

Return The income earned by an investment. This income may consist of interest, dividends or capital gains.

Rights Issues A security which allows the owner to purchase additional units of that security directly from the company concerned.

Russell 2000 Index An index of 2,000 of the smallest securities in the Russell 3000 Index, as measured by market capitalization.

Russell 2500 Index An index of small to medium-small U.S. securities, composed of the bottom 500 stocks listed on the Russell 1000 Index, all securities in the Russell 2000 Index, and representing 23% of the Russell 3000 total market capitalization.

Russell 3000 Index An index of 3,000 large U.S. securites, as determined by total market capitalization. The index represents approximately 98% of the U.S. equity market.