Benchmark Returns

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index1.24%4.19%1.24% 13.48%7.39%9.33%6.53%
BloomBarc 1 Year Municipal Index0.36%0.12%0.36% 0.36%0.60%0.66%1.84%
BloomBarc 1-15 Year Municipal Index0.70%–1.59% 0.70%–0.47%2.78%2.36%4.10%
BloomBarc 1-5 Year Municipal Index0.73%–0.47% 0.73%0.00%1.14%1.27%2.94%
BloomBarc CA Municipal Index0.78%–1.96% 0.78%–0.45%3.86%3.48%4.54%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd–0.92% –1.66%–0.92%2.33%4.24%
BloomBarc MA Municipal Index0.62%–2.19% 0.62%–0.76%3.38%2.60%4.37%
BloomBarc Municipal Bond Index0.66%–1.96% 0.66%–0.28%3.70%2.94%4.34%
BloomBarc Municipal CA Intermed Idx0.98%–1.88% 0.98%–1.04%2.62%2.65%4.63%
BloomBarc NJ Municipal Index0.68%–3.29% 0.68%–0.10%3.17%2.80%4.23%
BloomBarc NY Municipal Index0.61%–1.77% 0.61%–0.26%3.68%2.93%4.32%
BloomBarc OH Municipal Index0.67%–1.87% 0.67%–0.19%3.97%3.25%4.11%
BloomBarc PA Municipal Index0.61%–2.02% 0.61%–0.34%3.75%3.14%4.55%
BloomBarc US 0-5 Year TIPS Index0.45%0.24%0.45% 2.72%0.59%0.34%
BloomBarc US 1-3Yr Gov Flt Adj Idx0.14%–0.25% 0.14%0.39%0.68%0.59%
BloomBarc US 1-5 Year Credit Index0.37%–0.45% 0.37%2.42%1.79%2.22%3.88%
BloomBarc US 1-5 Year Treasury Idx0.18%–0.78% 0.18%0.11%0.96%0.74%2.77%
BloomBarc US 1-5 Yr Corporate Index0.40%–0.37% 0.40%2.83%1.98%2.50%4.09%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx0.19%–0.75% 0.19%0.13%0.97%0.76%2.76%
BloomBarc US 10+ Year Corp Index0.12%–2.98% 0.12%11.20%5.85%4.93%6.97%
BloomBarc US 3-10Yr Gov Flt Adj Idx0.24%–2.35% 0.24%–0.78%2.02%1.35%
BloomBarc US 5-10 Year Corp Index0.38%–2.17% 0.38%5.29%4.01%4.14%5.92%
BloomBarc US 5-10 Year Credit Index0.39%–2.28% 0.39%4.80%3.90%3.95%5.90%
BloomBarc US 5-10 Yr Treasury Index0.22%–3.28% 0.22%–1.41%2.47%1.47%5.08%
BloomBarc US Agg Float Adj Index0.22%–2.05% 0.22%1.59%2.58%2.10%
BloomBarc US GNMA Index–0.11%–1.68% –0.11%0.28%2.30%1.73%4.34%
BloomBarc US Long Gov Flt Adj Idx0.41%–7.44% 0.41%–2.99%5.98%2.65%
BloomBarc US Long Treasury Index0.39%–7.55% 0.39%–3.14%6.00%2.61%6.80%
BloomBarc US LongCredit A/Better Ix–0.01% –3.76%–0.01%6.44%6.08%4.66% 6.58%
BloomBarc US MBS Float Adj Index–0.03% –1.67%–0.03%0.40%2.39%1.95%
BloomBarc US Treas Bellwether:1Yr0.12%0.16%0.12% 0.71%0.48%0.39%1.44%
BloomBarc US Trsy Inflat Prtcd Idx0.84%–1.19% 0.84%4.02%1.88%0.61%4.44%
BloomBarc USD EmergMkt GovRIC CapIx1.32%–1.03% 1.32%11.61%6.17%
CA Tax-Exempt Money Mkt Funds Avg0.01%0.05%0.01% 0.14%0.05%0.03%0.47%
Conservative Growth Composite Index0.94%1.42% 0.94%8.87%4.90%5.96%5.01%
Convertibles Composite Index1.91%5.03%1.91% 15.91%5.51%9.39%5.91%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index1.92%8.51%1.92% 21.73%10.23%13.93%
Dividend Growth Spliced Index1.84%6.02%1.84% 16.67%9.06%11.60%5.93%
FTSE All-World ex US Index3.42%3.76%3.42% 16.35%1.50%4.79%1.85%
FTSE AW ex US High Div Yield Idx2.97%5.61%2.97% 19.27%0.62%4.68%1.56%
FTSE Emerging Index4.64%0.31%4.64%26.69% 2.78%0.52%2.94%
FTSE Global All Cap Index Hdg.1.51%6.71%1.51% 18.29%8.44%11.47%4.98%
FTSE Global Small-Cap ex US Index3.85%3.22%3.85% 16.69%1.66%5.76%2.41%
FTSE High Dividend Yield Index0.10%7.36%0.10% 20.48%11.62%14.02%7.20%
Growth Composite Index2.01%4.85%2.01% 16.11%6.54%9.39%5.39%
High-Yield Corporate Composite Idx1.17%2.00%1.17% 16.01%4.71%6.38%6.89%
iMoneyNet MFR Treasury Funds Avg0.01%0.02%0.01% 0.02%0.01%0.00%0.47%
Income Composite Index0.41%–0.27% 0.41%5.32%3.98%4.20%4.77%
Inst Money Market Funds Average0.05%0.12%0.05% 0.33%0.12%0.08%0.78%
Managed Payout Composite Index1.49%3.39%1.49% 13.11%4.90%6.45%
Moderate Growth Composite Index1.48%3.12%1.48% 12.47%5.75%7.70%5.38%
Money Market Funds Average0.03%0.08%0.03% 0.15%0.05%0.03%0.64%
MSCI US Broad Market Index1.96%8.52%1.96% 21.82%10.34%14.02%7.27%
MSCI US Prime Market 750 Index2.06%7.86%2.06% 20.57%10.66%14.05%7.19%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
MSCI US Small Cap 1750 Index1.25%13.80%1.25% 32.15%8.20%13.78%8.09%
NASDAQ Intl DividendAchieversSel Ix2.67%0.36% 2.67%9.12%
NASDAQ US Dividend Achievers Select1.84%6.02% 1.84%16.67%9.06%11.60%7.11%
NY Tax-Exempt Money Mkt Funds Avg0.01%0.03%0.01% 0.10%0.03%0.02%0.48%
REIT Spliced Index–0.01%2.88% –0.01%12.34%11.66%10.47%4.34%
Russell 1000 Growth Index3.37%6.93%3.37% 17.23%10.82%13.93%8.42%
Russell 1000 Index2.01%8.02%2.01%20.81% 10.50%14.06%7.09%
Russell 1000 Value Index0.71%9.13%0.71% 24.62%10.16%14.11%5.66%
Russell 2000 Growth Index1.62%12.23%1.62% 26.87%6.23%12.47%7.73%
Russell 2000 Index0.39%14.72%0.39%33.53% 7.89%13.00%6.93%
Russell 2000 Value Index–0.71%17.11% –0.71%40.22%9.48%13.44%6.03%
Russell 2500 Growth Index2.37%10.81%2.37% 24.65%6.95%12.73%8.16%
Russell 2500 Value Index0.55%13.33%0.55% 34.11%9.40%13.89%6.77%
Russell 3000 Growth Index3.23%7.31%3.23% 17.91%10.45%13.81%8.36%
Russell 3000 Index1.88%8.52%1.88%21.73% 10.28%13.97%7.07%
Russell 3000 Value Index0.60%9.73%0.60% 25.76%10.10%14.05%5.69%
Russell Midcap Growth Index3.33%8.20%3.33% 19.99%8.18%12.67%7.80%
Russell Midcap Value Index1.68%9.96%1.68% 29.15%10.69%14.98%7.44%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
S&P 500 Growth Index2.99%5.73%2.99%15.94% 11.21%14.30%8.48%
S&P 500 Index1.90%7.76%1.90%20.04% 10.85%14.09%6.99%
S&P 500 Value Index0.66%9.72%0.66%24.24% 10.24%13.75%5.38%
S&P Completion Index2.14%12.15%2.14% 29.94%7.80%13.38%7.71%
S&P EPAC SmallCap Index3.37%3.15%3.37% 13.24%3.66%9.36%2.96%
S&P Global ex U.S. Property Index2.48%–1.03% 2.48%11.05%2.94%6.89%
S&P MidCap 400 Growth Index1.95%10.44%1.95% 24.25%9.64%13.35%9.53%
S&P MidCap 400 Index1.68%12.22%1.68% 30.17%10.43%14.24%8.95%
S&P MidCap 400 Value Index1.38%13.68%1.38% 35.81%10.92%14.97%8.27%
S&P National AMT-Free Muni Bond Idx0.47%–2.09% 0.47%–0.26%3.55%2.65%
S&P SmallCap 600 Growth Index0.24%15.98%0.24% 30.88%10.89%15.19%9.70%
S&P SmallCap 600 Index–0.40%15.88% –0.40%34.34%10.77%15.05%8.77%
S&P SmallCap 600 Value Index–1.10% 15.67%–1.10%37.99%10.59%14.87%7.83%
Spl BloomBarc US 5-10Yr G/Cr FltAdj0.31%–2.79% 0.31%1.51%3.17%2.68%5.43%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx0.25%–0.64% 0.25%0.93%1.26%1.21%3.06%
Spl BloomBarc USLongGv/Cr FltAdj Ix0.31%–4.86% 0.31%4.81%5.87%3.87%6.95%
Spl Total International Stock Index3.47%3.70% 3.47%16.38%1.53%4.87%1.29%
Spliced BloomBarc USAgg Flt AdjIx0.22%–2.05% 0.22%1.59%2.58%2.10%4.39%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Developed ex US Index3.18%4.54%3.18% 13.69%1.44%6.48%1.18%
Spliced Emerging Markets Index4.54%0.14%4.54% 25.46%2.36%0.34%2.57%
Spliced Energy Index–2.29%6.11% –2.29%28.54%–3.52%–1.29% 1.15%
Spliced Equity Income Index0.10%7.36%0.10% 20.48%11.62%14.02%7.06%
Spliced European Stock Index2.20%5.18%2.20% 9.16%–0.85%6.04%0.66%
Spliced Extended Market Index2.14%12.15%2.14% 29.94%7.80%13.38%7.71%
Spliced Glbl Custom Metals & Mining13.93%11.40% 13.93%95.06%0.70%–8.99%0.03%
Spliced Global Equity Index2.73%5.75%2.73% 17.93%5.49%8.72%3.75%
Spliced Growth Index3.67%6.04%3.67%16.96% 10.06%13.56%8.31%
Spliced Health Care Index2.20%3.64%2.20% 3.27%5.95%13.30%7.74%
Spliced Inst Total Stock Market Idx1.92%8.51% 1.92%21.73%10.23%13.95%7.24%
Spliced International Index3.54%3.73%3.54% 16.09%0.92%4.36%0.16%
Spliced Large Cap Index2.03%7.83%2.03% 20.38%10.59%13.99%7.16%
Spliced Market Neutral Index USD0.04%0.09%0.04% 0.29%0.10%0.09%0.68%
Spliced Mega Cap Growth Index3.73%6.03%3.73% 16.83%10.48%13.90%8.46%
Spliced Mega Cap Index1.84%7.69%1.84% 19.72%10.79%14.06%7.07%
Spliced Mega Cap Value Index0.29%9.17%0.29% 22.30%11.11%14.31%5.68%
Spliced Mid Cap Growth Idx3.90%7.45%3.90% 20.56%8.43%12.10%7.38%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Mid Cap Index2.99%8.54%2.99% 23.80%9.64%13.64%7.63%
Spliced Mid Cap Value Index2.24%9.47%2.24% 26.71%10.65%14.96%7.60%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.02%0.06% 0.02%0.12%0.05%0.03%0.49%
Spliced OH Tax-Ex Money Mkt Fds Avg0.02%0.06% 0.02%0.12%0.05%0.03%0.51%
Spliced PA Tax-Ex Money Mkt Fds Avg0.02%0.06% 0.02%0.12%0.05%0.03%0.49%
Spliced Pacific Stock Index4.55%3.03%4.55% 18.97%4.32%6.64%1.93%
Spliced Small and Mid Cap Index2.00%10.57%2.00% 27.73%9.25%13.96%7.94%
Spliced Small Cap Growth Index2.74%10.13%2.74% 25.00%5.20%11.75%8.11%
Spliced Small Cap Index1.58%12.39%1.58% 30.08%8.30%13.62%8.02%
Spliced Small Cap Value Index0.68%14.19%0.68% 34.34%10.89%15.03%7.62%
Spliced Social Index2.38%8.15%2.38%20.11% 10.94%15.37%6.26%
Spliced Total Stock Market Index1.92%8.51%1.92% 21.73%10.23%13.94%7.23%
Spliced Total World Stock Index2.70%6.17%2.70% 19.16%5.97%9.25%
Spliced US IMI Consumer Discr 25/503.86%9.47% 3.86%17.56%11.06%16.83%9.40%
Spliced US IMI Consumer Stapl 25/501.29%0.62% 1.29%7.73%11.84%13.79%10.26%
Spliced US IMI Energy 25/50–3.32%8.05% –3.32%30.11%–2.59%2.07% 3.78%
Spliced US IMI Financials 25/500.25%18.82%0.25% 36.71%13.61%17.31%1.15%
Spliced US IMI Health Care 25/502.79%5.96%2.79% 9.50%9.51%16.94%10.11%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Industrials 25/501.53%12.10%1.53% 30.37%10.11%14.69%8.09%
Spliced US IMI Info Tech 25/504.40%6.29%4.40% 26.07%14.74%15.41%10.21%
Spliced US IMI Materials 25/504.68%13.41%4.68% 41.40%8.23%9.74%6.95%
Spliced US IMI Telecom Serv 25/500.54%11.39%0.54% 21.63%10.65%14.03%5.75%
Spliced US IMI Utilities 25/501.25%1.26%1.25% 13.74%11.94%11.90%7.41%
Spliced Value Index0.64%9.46%0.64%23.51% 11.08%14.42%5.97%
STAR Composite Index1.62%3.81%1.62%13.18% 5.81%7.92%5.54%
Target Retirement 2010 Composite Ix0.79%1.03% 0.79%7.63%4.32%5.66%4.66%
Target Retirement 2015 Composite Ix1.13%2.11% 1.13%10.12%5.08%6.91%4.91%
Target Retirement 2020 Composite Ix1.40%2.91% 1.40%12.06%5.70%7.87%5.16%
Target Retirement 2025 Composite Ix1.61%3.57% 1.61%13.48%6.02%8.52%5.19%
Target Retirement 2030 Composite Ix1.81%4.21% 1.81%14.85%6.32%9.15%5.19%
Target Retirement 2035 Composite Ix2.01%4.86% 2.01%16.22%6.60%9.77%5.31%
Target Retirement 2040 Composite Ix2.21%5.52% 2.21%17.59%6.84%10.17%5.49%
Target Retirement 2045 Composite Ix2.28%5.72% 2.28%17.95%6.91%10.21%5.51%
Target Retirement 2050 Composite Ix2.28%5.72% 2.28%17.95%6.91%10.21%5.51%
Target Retirement 2055 Composite Ix2.28%5.72% 2.28%17.95%6.91%10.21%
Target Retirement 2060 Composite Ix2.28%5.72% 2.28%17.95%6.91%10.21%

BenchmarkReturns as of 01/31/2017Month End YTD
as of
01/31/2017
Average Annual Total
Returns as of 01/31/2017
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement Income Compos. Ix0.77%0.94% 0.77%7.24%4.05%4.73%4.96%
Tax-Exempt Money Mkt Funds Average0.02%0.08%0.02% 0.14%0.05%0.03%0.47%
Tax-Managed Balanced Compos. Index1.36%3.13%1.36% 9.86%6.83%8.29%6.21%
US Gov't Money Market Funds Average0.01%0.03% 0.01%0.03%0.01%0.01%0.58%
Wellesley Income Composite Index0.16%1.23%0.16% 8.91%6.28%6.94%5.98%
Wellington Composite Index1.30%4.28%1.30% 13.87%8.29%10.27%6.51%

Index performance is provided as a benchmark. It is not illustrative of any particular investment. An investment cannot be made in an index.