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Lehman Brothers Intermediate Government/Credit Index is an unmanaged market index that includes treasuries, Government-related issues and corporate bonds. |
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Lehman Brothers Mutual Fund Short - Intermediate California Index Includes issues in the state of California, which have a minimum credit rating of BAA3, are issued as part of a deal of at least 50 million, have an amount outstanding of at least 3 million, have a maturity of 1 to 10 years, and have been issued after December 31, 1990. |
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Lehman Brothers U.S. Tips Index is an unmanaged market capitalization-weighted index composed of U.S. Treasury inflation-protected securities that have at least one-year remaining to maturity, are rated investment grade and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed-rate and non-convertible securities. |
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Lehman Intermediate Corporate Index Publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The U.S. Credit Index is the same as the former U.S. Corporate Investment Grade Index, which has been renamed as the U.S. Credit Index. The name change is effective as of 6/1/00 (for statistics) and as of 7/1/00 (for returns). The index includes both corporate and non-corporate sectors. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. Subordinated issues, provided that other specified criteria are met. Securities with normal call and put provisions and sinking funds, medium-term notes (if they are publicly underwritten), 144A securities (if they have registration rights). Must have at least one year to final maturity regardless of call features.
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Lehman Intermediate US Government Bond Index Inherited Rules- Must have at least one year to final maturity regardless of call features. Must have at least $150 million par amount outstanding. Must be rated investment grade (Baa3 or better) by Moody's Investors Service. If a Moody's rating is not available, the S&P or Fitch rating is used. Must be fixed rate, although it can carry a coupon that steps up or changes according to a predetermined schedule. Must be dollar-denominated and non-convertible. Must be publicly issued. Must be a U.S. Government security. Must have a maturity from 1 up to (but not including) 10 years. |
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Lipper Mutual Fund Industry Average An index based on the average performance of mutual funds, as reported by Lipper Analytical Services (a service that provides data and analysis on mutual funds and variable annuities.) |
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Liquidity How quickly an investment can be turned into cash. |
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Load A sales charge or commission assessed by certain mutual funds ("load funds") to cover their selling costs. Mutual funds sold through a broker or salesperson are usually "loaded funds." |
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