Fla. Admin. Code Ann. R. 19-4.0012 - Definitions
As used in this chapter, the following words will have the following meanings, unless some other meaning is plainly indicated:
(1) Strategy - Strategy consists of
determining the appropriate risk-return tradeoffs for the total fund in light
of the investment objectives.
(2)
Fund - Fund shall mean the Florida Retirement System Defined Benefit Plan
Trust.
(3) Tactics - Tactics
consists of change in specific security holdings made regularly during the
course of investment activity that do not materially change the expected risk
or return of the total fund or of the asset class portfolio involved.
(4) Return - Return shall mean total return,
including both current income and change in market value.
(5) Risk - Risk shall mean the potential
underperformance verses the investment objective measured in the best available
and most appropriate manners for the Fund.
(6) Synthetic securities - Securities created
through the combination of cash market instruments, such as U.S. Treasury
Bills, with futures market positions which, when taken together, mimic the
characteristics of a cash market security or group of
securities.
Notes
Rulemaking Authority 215.52 FS. Law Implemented 215.44, 215.47 FS.
New 12-25-85, Formerly 19-4.012, Amended 12-14-86, 6-8-14.
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