While yield calculations use the actual distributions over the most recent 12 months, the 30 day Distribution Rate is calculated by annualizing the last distribution and dividing by its offer price. Glossary Index Accumulation Value A unit of measurement to determine the value of each sub-account, determined by the same process as the NAV of mutual fund shares. Such units are valued daily to reflect investment performance and the prorated daily deduction for expenses, including management fees. In short, alpha tells us how much better, or worse, a security did relative to what it was expected to do based on its risk posture. A positive alpha indicates a security's return has been more than commensurate with its risk posture.
Higher numbers are better than lower.
This figure represents the annualized return for the security, averaged over the specified time period. The average duration value of all bonds held by the security. A bond's coupon value is the interest rate that the issuer agrees to pay the holder until maturity. The average Duration in years for all securities held by the fund or subaccount. The average price book for all equities held by the fund or subaccount.