||Defined by the rules promulgated under the Securities Act of 1933. Individuals may qualify as accredited investors based on wealth and income thresholds, as well as other measures of financial sophistication. https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor#
||"Net asset value," or "NAV," of an investment company is the company's total assets minus its total liabilities.
||Non-Listed Closed-End Fund
||A non-listed closed-end fund is a 1940 Act fund that is not listed on an exchange, and can own less liquid, and potentially higher yielding, assets than ordinary mutual funds can own.
||Defined by the rules promulgated under the Securities Act of 1933. Qualified purchasers have more stringent qualifications than accredited investors.
||S&P 500 Index
||The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. Indexes are not managed and do not incur fees or expenses. It is not possible to invest directly in an index.
||A measure of risk-adjusted return. The Sharpe Ratio measures the performance of an investment compared to a risk-free asset, after adjusting for its risk.
||A statistical calculation that investors use as a measure of price variability. Standard deviation measures the dispersion of a dataset relative to its mean.