[[AS_OF_DATE]] | All values in [[CURRENCY]] unless otherwise specified | Performance Inception: [[INCEPTION_DATE]]
Beta is a relative measure of the sensitivity of a fund's return to changes in the benchmark's return. The beta of the fund versus its benchmark is the amount (and direction) the fund has historically moved when the benchmark moved by one unit.
Standard deviation measures the dispersion or "spread" of individual observations around their mean. Standard deviation of returns measures a fund's historical volatility, where a higher number is evidence of greater volatility (i.e., higher risk).
Effective Duration is a measure of the sensitivity of a fund’s value to changes in interest rates and accounts for any option features embedded in the fund’s holdings.
Effective Maturity is a measure of the average expected maturity of a fund’s holdings and accounts for actual maturities as well as expected early redemptions.
Unless otherwise noted, characteristics are trailing 12 months.
Dividend yield (%) is calculated by dividing dividends paid by the Fund’s current holdings over the trailing 12 months by the Fund’s NAV.