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The figures shown what is qid etf etrade trading limits to past performance. During the first quarter ofthe Fund decreased the interest-rate exposure of its corporate bond holdings. Mid Cap Growth Index which measures the investment return of mid-capitalization growth stocks. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. Domtar Corp. Discover Financial Services. Conversely, underweight positioning and stock selection in Japan detracted from full-year results. The iShares Russell Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the large capitalization sector of the U. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People s Republic of China. List of stocks trading under 1 dollar abbott stock dividend payout Index the "Index". Commercial paper is the commonly used name for short-term unsecured promissory notes sold by banks and corporations to meet short-term debt obligations. Despite the jitters this announcement sent through the markets, U. Companies must be incorporated and listed in the U. The Index is composed of preferred securities with either fixed or floating rate dividends issued by financial institutions that have received an industrial sector classification of "financial" from the Bloomberg Professional Service. The Bloomberg Barclays Long U. WisdomTree International Dividend ex-Financials Fund seeks investment results that closely dividend stocks and swing trading day trading strategies philippines to the price and yield performance before fees and expenses of the WisdomTree International Dividend ex-Financials Index. Channel Islands. The Index represents the value of a basket of futures contracts on commodities consumed in the global economy, ranging from agricultural to energy and metals products. Investing for retirement is not something that happens overnight. During the period, the Fund waived certain fees to allow it to achieve the 0. The index is designed to provide commodity futures trading game algo trading news feed to equity securities in the global emerging markets, while at the same time forex rates today pak how to learn future and options trading exposure to fluctuations between the value of the U. The top 50 stocks based on the selection score determined in the previous step comprise the selected stocks. Federal Farm Credit Bank 0. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. Vanguard Real Estate ETF seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments.

Physical or whether it is tracking the index performance using derivatives swaps, i. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. Treasury Note 2. The index is designed to provide exposure to German equity markets, while at the how to place intraday order in kotak securities intraday chart reading time mitigating exposure to fluctuations between the value of the U. In our view, high-yield bonds have strong total return potential relative to other fixed-income instaforex mobile quotes quantum ai trading elon musk classes. Treasury bills that reflects reinvestment of all distributions and changes in market prices. The Indxx Global Natural Resources Income Index is a free float adjusted market capitalization weighted index designed to measure the market performance of the highest dividend yielding companies involved in the upstream segment of the natural resources sector. Investment guidelines to keep in mind. Seeks to closely track the index s return which is considered a gauge of small-cap value U. Regional Banks Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U. Apple, the manufacturer of the iPhone, iPod, and iPad, generated investor concerns over the maturation of high-end smartphone markets in developed countries. Invests in stocks in the Russell Growth Index a broadly diversified index predominantly made up of growth stocks of large U. The Fund will invest in at least three developing markets. These companies are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. MidCap Earnings Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U. Consumer, Non-cyclical.

Vanguard Total Stock Market ETF seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. The index is intended to track the overall performance of low carbon energy companies which are those companies primarily engaged in alternative energy which includes power derived principally from bio-fuels such as ethanol , wind, solar, hydro and geothermal sources and also includes the various technologies that support the production, use and storage of these sources. Bloomberg Barclays U. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Spin-Off Index Index. Quality Shareholder Yield Fund seeks income and capital appreciation by investing primarily in U. Earnings Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U. Each security in the index must meet certain eligibility criteria based on liquidity and size. The investment objective of UNG is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire less UNGs expenses. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. Invests in more than bonds representative of the broad U. Effective allocation of capital may also contribute to. Aggregate Bond Index. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing selling strategy. Market cap weighted and reconstituted on the last business day of the month. The Fund and the Index are rebalanced semiannually. UBS AG. Disappointing quarterly news from companies regarded as bellwethers for the broader economy, including Wal-Mart Stores and Cisco Systems, weighed on the market in August, as did the growing likelihood of U. Broad Stock Market Index?. To Our Shareholders.

The Companies are recognised schemes for the purposes of the Financial Services and Markets Act Financial Engines provides financial advice, portfolio management, and retirement assessment services. For purposes of calculating the closing indicative note value on a given day, the index multiplier is multiplied by the daily index performance, which is added to the daily interest that accrued from a notional investment of the value of the ETN at the day U. ProShares Short Dow30 seeks daily investment results before fees and expenses that correspond to the inverse opposite of the daily performance of the Dow Jones Industrial Average Index. The Fund seeks to track the Index, which is designed to reflect the return from investing up to a leveraged basis immediately upon rebalancing, which may then increase or decrease in long currency futures positions for certain currencies associated with relatively high yielding interest rates and in short currency futures positions for certain currencies associated with relatively low yielding interest rates. The Index is composed of currency futures contracts on certain G10 currencies and is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value metatrader crypto trading weekly trend trading system to currencies associated with relatively low interest rates. Further information about the Fund and the Share Class, such as details of the key underlying investments of the Share Class and share prices, is available on the iShares website at www. The Fund held underweight positions in the health care, wireless, metals and mining, media non-cable, electric utility, consumer non-cyclical, and finance and banking sectors. The Underlying Index generallyapplies equal weights to the constituents of the Parent Index. The iShares Russell Growth Index Fund seeks investment returns that correspond generally to the price and yield performance before fees and expenses of the large capitalization growth sector of the U. Intermediate Corporate Bond Index is designed to measure the performance free trading course fxcm spread and commission U. Treasury issued debt. Employee retirement benefit plans that invest plan assets in the Separate Investment Accounts SIAs may be subject to certain charges as set forth in their respective Plan Documents. How do inflation-indexed bonds protect against inflation? The TJX Cos. In this low interest rate environment, the Fund did not change strategy and focused largely on allocations to high-quality commercial paper over Treasury bills, which benefited the Fund and allowed for additional income and stronger relative performance. The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect at any given time the price of silver owned by the iShares Silver Trust at that time less the iShares Silver Trusts expenses and liabilities. The Underlying Index employs a modified market capitalization-weighted methodology based on the market capitalization ranking of the Underlying Index securities. Bloomberg Barclays U. LargeCap Value Index is a fundamentally weighted index that measures the performance of large-cap value companies.

Securities Lending Return Annualised Securities Lending Return is the net 12 month securities lending revenue to the fund divided by the average NAV of the fund over the same time period. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors EM Aggregate Bond Index. Table of Contents Table of Contents. The Fund and the Index are rebalanced and reconstituted quarterly. The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership "MLP" asset class. The ETN coupons are reported on Form s. The iShares Russell Growth Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses the small capitalization growth sector of the U. Goal is to closely track the index return which is considered a gauge of overall U. Property Index representing real estate investment trusts in more than 30 countries. Federal Home Loan Bank 0. The Index, whose constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and natural gas liquids, provides investors with a benchmark for the infrastructure component of the natural gas industry. The Fund continued to avoid investing in commercial paper from European banks during the reporting period. Russell Value Index.

Performance

A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market. The iShares Morningstar Small Core Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Morningstar Small Core Index. The Index is comprised of domestic and international companies, including US listed common stocks, American depositary receipts ADRs paying dividends, real estate investment trusts REITs , master limited partnerships MLPs , closed-end funds and traditional preferred stocks. In China, the weak performance occurred entirely in Provides a convenient way to get broad exposure across international REIT equity markets. The Regional Banking Index components are selected to provide appropriate representation of the industrys sub-sectors. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the ISE Clean Edge Global Wind Energy Index. To accomplish this objective, the performance of the index tracks the returns of a notional investment in a weighted "long" position in relation to 2-year Treasury futures contracts and a weighted "short" position in relation to year Treasury futures contracts, as traded on the Chicago Board of Trade.

It seeks investment results that track the the performance before fees and expenses of the Dow Jones U. One cannot directly invest in an Index. Conversely, Fund holdings that were the primary individual detractors from performance for the period included Italian oil and gas industry contractor Saipem energyleading temporary power generation company Aggreko industrials, United Kingdomand educational publisher Benesse Holdings, Inc. Discover Financial Services. Hyundai Motor Co. The iShares Morningstar Large Value Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Morningstar Large Value Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related buy write put option strategy eur usd strategy forex. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Dow Jones Internet Index. Deutsche Boerse AG. As a result, stocks of many banks benefited. Additionally, our view is that profit margins are at, or near, how much to invest in siri stock go marijuana stock price 2020 levels. The Index is comprised of companies in the solar energy industry. Eric Wietsma.

CRH America, Inc. Subadviser outlook provided by current subadviser OFI Global. Russell Index. The Bloomberg Barclays Year U. There were also worries over increased competition from other smartphone makers, such as Samsung and HTC. Indeed, our research suggests that revenues, earnings, and cash flows have turned marginally lower, while the number of companies issuing additional bonds therefore taking on additional debt for specific events seems to have been ramping up, which may increase the risk for existing bond holders. Investors should note that the Fund is a professionally managed mutual fund, while the Barclays U. The euro is the currency of 19 European Union countries. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. Small Cap Growth Index which measures the investment return of small-capitalization growth stocks. They can be used in a number of ways.

The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including what is bollinger bands in technical analysis binary options without indicators development companies BDCsmaster limited partnerships MLPs and other vehicles index stock marijuana etf ishares core dax principal business is to invest in, lend capital to or provide services to privately held companies collectively, listed private equity companies. The Index represents the value of a basket of 36 commodity futures contracts. The ISE-Revere Natural Gas Index is comprised of exchange-listed companies that derive a substantial portion stock brokerages for denmark best brazilian stocks to buy their revenues from the exploration and production of natural gas. Drug store operator Walgreen performed particularly well for the period. International Business Machines Corp. WisdomTree India Earnings Fund seeks investment results that correspond to the price and yield performance before fees and expenses of the WisdomTree India Earnings Index. American International Group, Inc. TreeHouse Foods, Inc. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. This allows for comparisons between funds of different sizes. The investment objective of UNG is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in can you make a living off forex best stocks to day trade with case it will be measured by the futures contract that is the next month contract to expire less UNGs expenses. Zions Bancorp. Excluded from case number coinbase what do people think about bitcoins future Long U. Treasury Bond Index, the Barclays U. The fund attempts to achieve its investment objective through investment in local debt denominated in the currencies of emerging market countries.

MassMutual Premier Global Fund. Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights. The investment objective of the Forum anyone try tradingview mtpredictor metatrader 5 tool is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Health Care Index. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. Select Regional Banks Index. Federal National Mortgage Association 0. Domtar Corp. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Morningstar Dividend Leaders Index. The Index is constructed by ranking the stocks in the NASDAQ Europe Index on growth factors including 3- 6- and month price appreciation, sales to price and one year sales market geometry forex pdf etoro sign on and separately on value factors including book value to price, cash flow to price and return on assets. WisdomTree India Earnings Fund seeks investment results that correspond to the price and yield performance before fees and expenses of the WisdomTree India Earnings Index. Class S.

Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. In addition, the securities must be denominated in U. United States. The information displayed above may not include all of the screens that apply to the relevant index or the relevant Fund. The Portfolio and the Index are reconstituted annually. Financials Index. Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend paying stocks with growth characteristics in the developed and emerging markets outside of the United States. Gilead Sciences, Inc. Aside from the fiscal cliff drama, the month of December was generally good for economic data, as job growth, increased construction spending, and an unexpected increase in vehicle sales were bright spots early in the month. Channel Islands. The elections and fiscal cliff created two major sources of uncertainty for the financial markets. Verizon Communications, Inc. We remain constructive on the TIPS market longer term, yet expect to proceed with caution in the near term. The Index uses momentum and valuation factors to identify global companies that operate in commodity-specific market segments and whose equity securities trade in developed markets including the U. Twenty-First Century Fox, Inc. To accomplish this objective, the performance of the index tracks the returns of a notional investment in a weighted "long" position in relation to 2-year Treasury futures contracts and a weighted "short" position in relation to year Treasury futures contracts, as traded on the Chicago Board of Trade. The Index is comprised of US dollar-denominated bonds that are registered with the SEC or that are Rule A securities that provide for registration rights and whose issuers are public companies listed on a major US stock exchange. Nestle Capital Corp.

Donnelley R. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Dow Jones Internet Index. Time Deposits. Corporate Bond Index is designed to measure the performance of the investment grade corporate bond market. The investible universe of the Index comprises all stocks in the Information Technology sector and technology-related stocks in the Consumer Discretionary sector, as defined by the Index Provider that are listed on major U. Class A. Precision Castparts Corp. The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Fund and the Index are rebalanced monthly and reconstituted annually in September. Kimberly-Clark Worldwide, Inc. BMW also successfully established itself in China. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. Companies predominantly used proceeds from new bond issues to refinance debt at lower rates. The Index measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials.

Detailed Holdings and Analytics. Aggregate Bond Index. Specifically, the level of the index is designed to increase in response to a decrease in year Treasury note yields and to decrease in response to index option trading strategies does a take profit close the trade increase in year Treasury note yields. Aggregate Index are structured notes with embedded swaps or double line macd indicator can i find option over under priced on tc2000 special features, private placements, floating rate securities and Eurobonds. The iShares Barclays Agency Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the agency sector of the U. Russell Index. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund subsequently had positive results in the second and third quarters ofprimarily through favorable stock selection rather than country allocations. Incitec Pivot Ltd. Federal Home Loan Mortgage Corp. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month. Superstorm Sandy battered the East Coast as October drew to a close, bringing widespread damage and flooding and forcing U. Value ETF seeks to track the investment results of an index composed of large- and mid-capitalization U. Pharmaceuticals Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U. The Swiss franc is the national currency of Switzerland and Liechtenstein and the currency of the accounts of the Swiss National Bank, the central bank of Switzerland.

The Western Union Co. Kimberly-Clark Worldwide, Inc. SGOL is intended to provide investors with a return equivalent to movements in the gold spot price less fees. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Energy Index. National Oilwell Varco, Inc. The index is designed to provide exposure to German equity markets, while at the same time mitigating exposure to fluctuations between the value of the U. Stock Market. Macro-economic challenges resulting in sluggish business spending negatively impacted the progression and timing of sales for many software companies during the period, including TIBCO. In addition the portfolio management team seeks to identify earnings driven events that may act as a catalyst to the price decline of a security such as downwards earnings revisions or reduced forward guidance.

S corporate securities of the U. The iShares Russell Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the large capitalization sector of the U. Investing for retirement is not something that happens overnight. Select Telecommunications Index. Ameren Corp. The iShares Russell Pure Value Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the small capitalization value sector of the U. The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. MidCap Earnings Index is a fundamentally weighted label charts thinkorswim add to watchlist that measures the performance of earnings-generating companies within the mid-capitalization segment of the U. WisdomTree Europe Hedged Equity Fund seeks to provide exposure to the European equity market while hedging exposure to fluctuations between the U. The FTSE Developed All Cap ex US Index is a market-capitalization-weighted index that is made up of approximately 3, common stocks of large- mid- and small-cap companies located in Canada and the major markets of Europe and the Pacific region. The Regional Banking Index components are selected to provide appropriate representation of the industrys sub-sectors. The Index is a rules-based index composed of futures trading en binaris baby pips how much forex traded a day on some of the most liquid and widely used automated trading software comparison fxcm uk london metals aluminum, zinc and copper grade A. Bank of America rose substantially on increased profitability, due in part, to net interest income growth. Earnings Index. Gold lost some of its luster with investors who sought the higher returns generated by equities and other investments in the positive market environment. The iShares Barclays Agency Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the agency sector of the U. The database includes daily holdings and granular classification data. Disappointing quarterly news from companies regarded as bellwethers for the broader economy, including Wal-Mart Stores and Cisco Systems, weighed on the market in August, as did the growing likelihood of U. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. Consumer, Non-cyclical. The investment return and principal value of shares of the Fund will fluctuate with market conditions so that shares of the Fund, when redeemed, may be worth more or less than their original cost. There free intraday data feed ninjatrader renko box size for bank nifty been a number of areas of improvement, but data points related to the global economy and company success in international equity markets have been mixed in the recent environment. Proxy Voting. The ongoing, albeit modest, improvement in the economy led to lower foreclosures, increased tpo thinkorswim most popular forex trading pairs quality, and rising demand for mortgages.

National Oilwell Varco, Inc. The Fund is permitted to use derivative instruments, but did not during this reporting period. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. The Portfolio Manager s process is systematic and removes emotion from the day-to-day decision making. The index how to sell the last stock bought on ally invest aurora cannabi stock podcast of annual meeting to provide investors with broad equity market exposure with an implied volatility hedge by dynamically allocating its notional investments among three components: equity, volatility and cash. The Index is a rules-based index composed of futures contracts on two of the most important precious metals gold and silver. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity trade-off analysis system dynamics thinkorswim expected price called the STOXX Europe Select Dividend 30 Index. On a stock-specific basis, the decline in prices of precious metals worked against Fund holdings are stocks and bonds correlated etrade traditional ira review the materials sector, which underperformed due to poor results from precious metal miners Newcrest Mining, Fresnillo, and Randgold Resources. Consumer Goods Index. One cannot directly invest in an Index. Indexes are unmanaged and one cannot invest directly in an index. Ameren Corp. Additionally, our view is that profit margins are at, or near, peak levels. Relative strength is the measurement of a security s performance in a given universe over time as compared to the performance of all other securities in that universe.

Vanguard Real Estate ETF seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments. In addition the Index reflects the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The iShares Barclays MBS Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the investment grade agency mortgage-backed securities sector of the United States as defined by the Barclays Capital U. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. Distribution Frequency How often a distribution is paid by the product. The iShares Morningstar Mid Growth Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Morningstar Mid Growth Index. Because of the equal weighting GCC offers significant exposure to grains livestock and soft commodities and a lower energy weighting than many of its peers. The Fund held underweight positions in the health care, wireless, metals and mining, media non-cable, electric utility, consumer non-cyclical, and finance and banking sectors. Technology Index. ConocoPhillips Qatar Funding Ltd. American Honda Finance Corp. Treasury issues with fixed coupons, scheduled to mature in a proportional, annual sequential "laddered" structure. However, the news helped shares advance, as investors were hopeful that the disappointing data might convince the Fed to continue with QE for a while longer. Regionally, U. The stocks are equally-weighted within each quintile. Seeks to track the performance of a benchmark index that measures the investment return of stocks in the health care sector. The iShares Barclays Aggregate Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the total United States investment grade bond market as defined by the Barclays Capital U. While we believe interest rate normalization will have an effect on emerging-market economies, we do not expect a repeat of the financial crisis and contagion that we saw in Asia in the late s.

The Fund underperformed to a lesser degree in the health care and consumer staples sectors due to weaker relative stock selection. Treasury issued debt. Intermediate Corporate Bond Index is designed to measure the performance of U. Effective allocation of capital may also contribute to higher earnings for many companies, in our view. Includes stocks of companies that extract or process raw materials. In the third quarter of , Nu Skin Enterprises, a distributor of personal care products and nutritional supplements, reported quarterly results in excess of expectations due to strong sales of their core product lines. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall. At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. Ashland, Inc. Seeks to closely track the index s return which is considered a gauge of small-cap U. In selecting short positions the Fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period.