*Market commentary provided by Fifth Third Bank. Source of statistics is Bloomberg.com. This information is current as of the date of this letter and the opinions expressed are subject to change at any time, based on market and other conditions. This information is intended for educational purposes only and does not constitute the rendering of investment advice or specific recommendations on investment activities and trading. The mention of a specific security within this letter is not intended as a solicitation to buy or sell the specific security. Index performance shown within this letter is not representative of any Fifth Third managed account.
Past performance is no guarantee of future results. Indexes are unmanaged, do not incur investment management fees, do not represent the performance of any particular investment, and may not be invested directly into by investors. Small company investing involves specific risks not necessarily encountered in large company investing such as increased volatility. Investments in foreign markets entail special risks such as currency, political, economic and market risks.
The Barclays Capital Aggregate Bond Index is composed of securities from Lehman Brothers Government/Corporate Bond Index, Mortgage-Backed Securities Index, and the Asset-Backed Securities Index. Total return comprises price appreciation/depreciation and income as a %age of the original investment. Indexes are rebalanced monthly by market capitalization.
The Barclays Capital Government/Credit Intermediate Bond Index is composed of all bonds covered by the Lehman Brothers Government/Credit Bond Index with maturities between one and 9.99 years. Total return comprises price appreciation/depreciation and income as a percentage of the original investment.
The Barclays Capital 1-3 Year Government Bond Index measures the returns of investment grade, fixed-rate dollar denominated bonds publicly issued by the U.S. Government, with a maturity of over 1 year, and less than 3 years.
The S&P 500 Index is a composite of the 500 largest companies in the United States. The S&P 500 Index is unmanaged and does not represent the performance of any particular investment.
The S&P 400 Index consists of 400 domestic stocks chosen for market size, liquidity, and industry group representation. It is also a market-value weighted index and was the first benchmark of midcap stock price movement.
The Dow Jones Industrial Average is an unmanaged list frequently used as a measure of the U.S. stock market performance.
The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index, with all values expressed in U.S. dollars.
U.S. Treasury notes are issued with initial maturities of two to ten years and pay interest semi-annually at a fixed, predetermined rate. Notes are issued in minimum denominations of $1,000.
The CRB Index is an index that measures the overall direction of commodity sectors. The CRB was designed to isolate and reveal the directional movement of prices in overall commodity trades. The index is a basket of 17 non-financial commodities. The two main components of the CRB index consist of the Industrials and the Precious Metals. The Industrials consist of crude oil, heating oil, natural gas, copper, and cotton. The Precious Metals are made up of gold, silver, and platinum. The risk of loss in trading commodity futures and options can be substantial. Before trading, one should carefully consider their financial position to determine if futures trading is appropriate. One should realize that it is possible to lose more than the initial deposit when trading futures and/or granting/writing options. Client acknowledges that the funds committed are purely risk capital.
The S&P REIT Index is a benchmark that tracks the market performance of U.S. Real Estate Investment Trusts. The REIT Composite consists of 100 REITs chosen for their liquidity and importance in representing a diversified real estate portfolio. The Index covers 80% of the securitized U.S. real estate market.
Investments in foreign markets entail special risks such as currency, political, economic and market risks.
Fifth Third Securities does not offer commodities, REIT's or any derivatives thereof.