Index definitions The S&P 500 ® Index is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. The Russell Midcap Index measures the performance of the 800 smallest companies in the Russell 1000 Index, which consists of the largest 1,000 U.S. companies based on total market capitalization. The Russell 2000 Index is a popular measure of the stock price performance of small companies, consisting of the 2,000 smallest companies in the Russell 3000 Index. The MSCI EAFE ® Index is an unmanaged, capitalization-weighted index containing approximately 985 equity securities located outside the U.S. The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 21 emerging market country indexes: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey. The Bloomberg U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasurys, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid adjustable-rate mortgage pass-throughs), asset-backed securities, commercial mortgage-backed securities (agency and non-agency). The Bloomberg U.S. Corporate High Yield Bond Index measures the market of USD-denominated, non-investment-grade, fixed-rate, taxable corporate bonds. Securities are classified as high yield if the middle rating of Moody’s, Fitch, and S&P is Ba1/BB+/BB+ or below. The index excludes emerging markets debt. The Bloomberg Municipal Bond Index covers the USD-denominated, long-term, tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. The Morningstar Diversified Alternative Total Return Index provides diversified exposure to alternative asset classes in the ProShares ETF lineup. This Index does not incorporate Environmental, Social, or Governance (ESG) criteria. The JPM EMBI Global Diversified Bond Index covers government bonds in hard currencies. The Russell 1000 ® Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 ® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.
The Russell 2500 ® Growth Index measures the small- to mid-cap growth segment of the U.S. equity universe. The Russell 2500 ® Value Index measures the small- to mid-cap value segment of the U.S. equity universe. An investment cannot be made directly into an index.
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