The Russell 3000 Index is a stock index weighted by market capitalization.
The index tracks the performance of the top 3,000 stocks traded in the US, which together account for approximately 97% of all stocks listed in the US.
The Russell 3000 index serves as the basis for a wide range of market indices such as the large cap Russell 1000 and the small cap Russell 2000.
Large-cap stocks drive most of the performance of the index, while the performance of other segments is ignored.
Shares in the Russell 3000 index are updated once a year.
Exception 3(c)(7) pertains to a section of the Investment Company Act of the 1940s allowing qualifying private funds to be exempt from certain SEC rules.
3C1 refers to the part of the Investment Company Act of 1940 that exempts certain private equity firms from regulation.
– A firm to be defined as an investment company must comply with certain regulatory and reporting requirements set by the SEC.
Attribution analysis is an evaluation tool used to explain and analyze the performance of a portfolio (or portfolio manager), especially when compared to a certain benchmark.
A growth fund is a mutual fund or exchange-traded fund (ETF) that includes companies that aim to grow revenue or earnings faster than competitors in the industry or the market as a whole.