Glossary

Fiduciary Standard: Standard established as part of the Investment Advisors Act of 1940 that requires investment advisors to put their clients' interests above their own.

Market Correlation: Statistical measures of how two securities move in relation to each other.

Morningstar, Inc.: A leading provider of independent investment research in North America, Europe, Australia, and Asia. Provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets.

Style Box: A visual representation of investment characteristics of fixed-income (bond), domestic equity (stock) and international equity (stock) securities and their respective mutual funds. Helps investors determine portfolio asset allocation and risk-return structures and/or how a security fits into their investing criteria.

Suitability Rule: Financial Industry Regulatory Authority (FINRA) standard that require broker-dealers only to make suitable recommendations to their clients. Rather than placing their interests below those of the client, the suitability standard only requires broker-dealers to reasonably believe their recommendations are suitable for clients, based on the client's financial needs, objectives and unique circumstances. A broker's loyalty is to the broker-dealer he/works for, not the client.