MARGIN The amount a customer deposits with a broker when borrowing from the broker to buy – securities. ET CAPITALIZATION The number of shares outstanding multiplied by the market per share. – MARKET CYCLE The period between the two latest highs or lows of an asset class that shows net – performance through both an up and a down leg. A market cycle is typically complete over a 3 to 5 year period. The date at which a debt instrument is due and payable. MATURITY – A stock with a middle-level capitalization. Mid cap stocks typically have between $2 billion MI CAP – and $10 billion in outstanding market value. MONEY ET The market for Short-Term ebt Instruments negotiable certificates of deposit, Eurodollar – – certificates of deposits, commercial paper, banker’s acceptances, Treasury bills, and discount notes of the Federal Home Loan Bank, Federal National Mortgage Association, and Federal Farm Credit System, among others. OPTION (puts and calls) A contract that gives the buyer the right, but not the obligation, to buy or sell – an asset at a set price on or before a given date. PENSION FUN A fund set up by a corporation, labor union, governmental entity, or other organization – to pay the pension benefits of retired workers. PROXY A person authorized to vote on behalf of a stockholder of a corporation. – RATE OF RETURN Return on an investment including realized or unrealized gains and/or losses and – income from dividends and interest. RATING An evaluation of securities investment and credit risk by a recognized rating service. – REAL ESTATE A piece of land and all physical property related to it, including houses, fences, – landscaping, and all rights to the air above and earth below the property. REBALANCING A process for realigning the proportions of assets in a portfolio as needed (most – often to target or within target ranges). RIGHTS A privilege granted to existing shareholders of a corporation to subscribe to shares of a new – of common stock before it is offered to the public. RISK The uncertainty of outcome or the likelihood of a loss. – A particular of companies, usually found in one industry. SECTOR – A transaction in which brokers (including banks and custodians with broker SECURITIES LENING – status) lend securities from their inventory to a customer making a short sale for delivery to the buying customer’s broker. The borrowing broker deposits with the lending broker a cash amount at least equal to the market value of the securities as collateral.
MARGIN – The amount a customer deposits with a broker when borrowing from the broker to buy securities. ET CAPITALIZATION – The number of shares outstanding multiplied by the market per share. MARKET CYCLE – The period between the two latest highs or lows of an asset class that shows net performance through both an up and a down leg. A market cycle is typically complete over a 3 to 5 year period. MATURITY – The date at which a debt instrument is due and payable. MI CAP – A stock with a middle-level capitalization. Mid cap stocks typically have between $2 billion and $10 billion in outstanding market value. MONEY ET – The market for Short-Term ebt Instruments – negotiable certificates of deposit, Eurodollar certificates of deposits, commercial paper, banker’s acceptances, Treasury bills, and discount notes of the Federal Home Loan Bank, Federal National Mortgage Association, and Federal Farm Credit System, among others. OPTION (puts and calls) – A contract that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a given date. PENSION FUN – A fund set up by a corporation, labor union, governmental entity, or other organization to pay the pension benefits of retired workers. PROXY – A person authorized to vote on behalf of a stockholder of a corporation. RATE OF RETURN – Return on an investment including realized or unrealized gains and/or losses and income from dividends and interest. RATING – An evaluation of securities investment and credit risk by a recognized rating service. REAL ESTATE – A piece of land and all physical property related to it, including houses, fences, landscaping, and all rights to the air above and earth below the property. REBALANCING – A process for realigning the proportions of assets in a portfolio as needed (most often to target or within target ranges). RIGHTS – A privilege granted to existing shareholders of a corporation to subscribe to shares of a new of common stock before it is offered to the public. RISK – The uncertainty of outcome or the likelihood of a loss. SECTOR – A particular of companies, usually found in one industry. SECURITIES LENING – A transaction in which brokers (including banks and custodians with broker status) lend securities from their inventory to a customer making a short sale for delivery to the buying customer’s broker. The borrowing broker deposits with the lending broker a cash amount at least equal to the market value of the securities as collateral.
2013-11-21-Statement-of-Investment-Policy.docx