Issue link: https://mbozikis.ufcontent.com/i/1488214
Definitions Sharpe Ratio: A measurement of the reward per unit of risk, which is calculated by using standard deviation (risk) and excess return over a risk-free index. Standard deviation: Statistical measure of historical volatility. A statistical measure of the distance a quantity is likely to lie from its average value. It is applied to the annual rate of return of an investment, to measure the investment's volatility (risk). Standard deviation is synonymous with volatility, in that the greater the standard deviation the more volatile an investment's return will be. A standard deviation of zero would mean an investment has a return rate that never varies. Important Information Diversification may not protect against market risk. Information provided by SEI Investments Management Corporation, a wholly owned subsidiary of SEI Investments Company. There are risks involved with investing, including loss of principal. Diversification may not protect against market risk. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and smaller companies typically exhibit higher volatility. Bonds and bond funds will decrease in value as interest rates rise. High-yield bonds involve greater risks of default or downgrade and are more volatile than investment-grade securities, due to the speculative nature of their investments. REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice and is intended for educational purposes only. There is no assurance the objectives discussed will be met. Past performance does not guarantee future results. Index returns are for illustrative purposes only and do not represent actual portfolio performance. Index returns do not reflect any management fees, transaction costs or expenses. One cannot invest directly in an index. © 2 0 2 0 – 2 0 2 1 S E I 2 0 0 3 6 6 .1 7 A M D U S ( 0 1 / 2 1 )