Benchmark Returns

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index0.81%1.69%15.62% 6.29%9.03%7.86%9.66%
BloomBarc 1 Year Municipal Index–0.21% 0.26%1.84%2.64%1.44%1.09%1.10%
BloomBarc 1-15 Year Municipal Index–0.81% 1.13%5.58%7.39%2.74%3.03%3.54%
BloomBarc 1-5 Year Municipal Index–0.57% 0.38%3.13%4.37%1.79%1.64%2.01%
BloomBarc CA Municipal Index–0.74% 1.71%6.93%8.48%3.16%3.66%4.53%
BloomBarc GA Credit Index Hedged–0.52% 2.76%11.21%11.60%4.46%4.58%5.14%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd–0.43% 3.05%9.43%11.48%4.31%4.78%
BloomBarc MA Municipal Index–0.77% 1.57%6.51%8.51%2.89%3.40%3.87%
BloomBarc Municipal Bond Index–0.80% 1.58%6.75%8.55%3.19%3.66%4.16%
BloomBarc Municipal CA Intermed Idx–0.94% 0.91%5.38%7.24%2.53%2.94%4.00%
BloomBarc NJ Municipal Index–0.99% 1.85%8.19%9.94%4.26%4.45%4.53%
BloomBarc NY Municipal Index–0.82% 1.40%6.43%8.27%2.96%3.50%4.00%
BloomBarc OH Municipal Index–0.82% 1.44%6.43%8.37%3.07%3.68%4.03%
BloomBarc PA Municipal Index–0.82% 1.74%7.41%9.34%3.65%3.98%4.42%
BloomBarc US 0-5 Year TIPS Index–0.22% 0.32%3.67%3.44%1.65%1.27%
BloomBarc US 1-5 Year Credit Index–0.02% 1.14%5.69%6.67%2.72%2.61%3.13%
BloomBarc US 1-5 Year Treasury Idx–0.25% 0.76%3.90%5.72%1.62%1.69%1.69%
BloomBarc US 1-5 Yr Corporate Index0.01%1.17% 5.98%6.78%2.86%2.78%3.40%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx–0.25% 0.77%3.88%5.69%1.63%1.69%1.68%
BloomBarc US 10+ Year Corp Index–1.43% 5.61%22.26%20.06%6.48%6.95%7.82%
BloomBarc US 5-10 Year Corp Index–0.52% 2.44%12.82%13.20%4.30%4.83%6.01%
BloomBarc US 5-10 Year Credit Index–0.53% 2.47%12.57%13.12%4.21%4.70%5.85%
BloomBarc US 5-10 Yr Treasury Index–0.90% 2.12%8.30%11.98%2.24%3.38%3.91%
BloomBarc US Agg Float Adj Index–0.58% 2.33%8.72%10.44%2.96%3.40%3.79%
BloomBarc US GNMA Index0.01%1.13%5.29% 7.34%2.12%2.54%3.19%
BloomBarc US Long Treasury Index–2.49% 7.92%19.77%24.79%4.07%6.77%6.87%
BloomBarc US LongCredit A/Better Ix–1.82% 5.74%20.71%20.23%5.81%6.96%7.54%
BloomBarc US MBS Float Adj Index0.07%1.34%5.45% 7.58%2.28%2.69%3.08%
BloomBarc US Treas Bellwether:1Yr0.14%0.59%2.40% 3.13%1.68%1.22%0.83%
BloomBarc US Trsy Inflat Prtcd Idx–1.36% 1.35%7.58%7.13%2.21%2.45%3.46%
BloomBarc USD EmergMkt GovRIC CapIx–0.28% 1.31%11.57%11.33%4.47%5.31%
Bloomberg Commodity Index TR1.17%–1.84% 3.13%–6.57%–1.50%–7.18% –4.32%
CA Tax-Exempt Money Mkt Funds Avg0.07%0.21%0.74% 1.01%0.63%0.39%0.20%
Communication Services Spliced Idx–0.35% 0.40%17.58%0.60%–0.40%3.12%8.13%
Conservative Growth Composite Index0.51%1.60% 12.12%7.14%6.25%5.60%6.67%
Consumer Discretionary Spliced Idx1.22%0.71%20.73% 1.04%14.27%12.44%16.87%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index1.72%1.11%20.03% 2.92%12.82%10.43%
Dividend Growth Spliced Index1.33%4.18%23.75% 10.09%14.84%11.57%12.69%
FTSE All-World ex US Index2.64%–1.58% 11.70%–1.12%6.46%3.24%4.76%
FTSE All-World Index2.22%0.14%16.41% 1.71%10.09%7.08%8.70%
FTSE AW ex US High Div Yield Idx4.19%–2.07% 9.33%–1.35%6.20%1.75%4.14%
FTSE Emerging Index1.23%–3.80% 7.51%0.91%6.16%2.59%3.57%
FTSE Global All Cap Index Hdg.2.30%1.29%17.95% 3.02%11.17%8.61%9.92%
FTSE Global Small-Cap ex US Index1.96%–2.35% 9.49%–6.48%3.75%2.68%5.45%
FTSE High Dividend Yield Index3.81%2.47%16.60% 5.37%10.62%9.42%12.71%
Global Wellesley Income Comp Index1.03%1.93%11.64% 8.04%
Global Wellington Composite Index1.35%1.34%15.15% 5.36%
Growth Composite Index1.55%0.58%15.18% 3.31%9.00%7.14%9.30%
High-Yield Corporate Composite Idx0.40%1.80%11.91% 8.17%5.80%5.27%7.36%
iMoneyNet MFR Treasury Funds Avg0.12%0.39%1.32% 1.76%1.00%0.60%0.30%
Income Composite Index–0.01%2.08% 10.54%8.98%4.82%4.74%5.37%
Information Technology Spliced Idx1.25%2.58%30.53% 7.95%22.99%18.36%17.19%
JP Morgan EMBI Global Diversified–0.46% 1.50%12.99%11.57%4.61%5.74%6.88%
Managed Payout Composite Index1.11%0.86%13.26% 4.25%7.31%5.73%7.17%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Moderate Growth Composite Index1.03%1.10%13.66% 5.25%7.64%6.40%8.12%
Money Market Funds Average0.14%0.46%1.50% 1.98%1.23%0.75%0.37%
MSCI AC World Index ex USA Net2.57%–1.80% 11.56%–1.23%6.33%2.90%4.45%
MSCI US Broad Market Index1.77%1.21%20.17% 2.91%12.83%10.47%13.15%
MSCI US Prime Market 750 Index1.73%1.53%20.68% 4.09%13.33%10.77%13.28%
MSCI US Small Cap 1750 Index2.23%–1.59% 15.66%–6.93%8.45%7.93%11.95%
NASDAQ Intl DividendAchieversSel Ix1.68%–1.81% 16.63%4.88%7.43%
NASDAQ US Dividend Achievers Select1.33%4.18% 23.75%10.09%14.84%11.57%12.86%
NY Tax-Exempt Money Mkt Funds Avg0.08%0.24%0.82% 1.11%0.68%0.42%0.21%
Real Estate Spliced Index1.89%7.43%28.20% 19.94%7.15%10.05%12.97%
Russell 1000 Growth Index0.01%1.49%23.30% 3.71%16.89%13.39%14.94%
Russell 1000 Index1.73%1.42%20.53%3.87% 13.19%10.62%13.23%
Russell 1000 Value Index3.57%1.36%17.81% 4.00%9.43%7.79%11.46%
Russell 2000 Growth Index–0.82%–4.17% 15.34%–9.63%9.79%9.08%12.25%
Russell 2000 Index2.08%–2.40% 14.18%–8.89%8.23%8.19%11.19%
Russell 2000 Value Index5.13%–0.57% 12.82%–8.24%6.54%7.17%10.06%
Russell 2500 Growth Index–1.88%–3.18% 19.97%–4.11%12.33%10.22%13.48%
Russell 2500 Value Index4.58%0.13%15.41% –4.35%6.87%6.98%11.00%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Russell 3000 Index1.76%1.16%20.09%2.92% 12.83%10.44%13.08%
Russell 3000 Value Index3.67%1.23%17.47% 3.10%9.24%7.76%11.36%
Russell Midcap Growth Index–1.14%–0.67% 25.23%5.20%14.50%11.12%14.08%
Russell Midcap Value Index4.06%1.22%19.47% 1.60%7.82%7.55%12.29%
S&P 500 Growth Index0.29%0.72%21.06% 3.25%15.73%12.82%14.72%
S&P 500 Index1.87%1.70%20.55%4.25% 13.39%10.84%13.24%
S&P 500 Value Index3.74%2.83%20.01%5.56% 10.61%8.47%11.56%
S&P Completion Index1.00%–1.64% 17.53%–3.96%9.83%8.40%12.30%
S&P EPAC SmallCap Index2.42%–1.72% 10.59%–7.57%5.11%5.34%7.01%
S&P Global ex U.S. Property Index1.85%0.10%13.23% 8.46%5.86%5.16%
S&P MidCap 400 Growth Index1.28%–0.61% 18.32%–2.53%10.04%9.53%13.05%
S&P MidCap 400 Index3.06%–0.09% 17.87%–2.49%9.38%8.88%12.56%
S&P MidCap 400 Value Index4.97%0.44%17.39% –2.44%8.45%7.96%11.95%
S&P National AMT-Free Muni Bond Idx–0.76% 1.56%6.75%8.44%3.05%3.53%3.95%
S&P SmallCap 600 Growth Index0.98%–1.86% 11.50%–10.40%10.43%10.98%13.90%
S&P SmallCap 600 Index3.34%–0.20% 13.46%–9.34%9.33%9.89%13.02%
S&P SmallCap 600 Value Index5.72%1.45%15.52% –8.21%8.21%8.78%12.17%
Spl BloomBarc US 5-10Yr G/Cr FltAdj–0.73% 2.28%10.23%12.49%3.18%4.01%4.84%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spl BloomBarc US Long Treasury Idx–2.49% 7.92%19.77%24.79%4.13%6.76%6.87%
Spl BloomBarc US Treas 1-3 Yr Idx–0.12% 0.58%3.07%4.43%1.53%1.34%1.20%
Spl BloomBarc US Treas 3-10 Yr Idx–0.68% 1.61%6.81%9.94%2.07%2.87%3.28%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx–0.17% 0.89%4.48%6.01%2.01%2.01%2.12%
Spl BloomBarc USLongGv/Cr FltAdj Ix–1.91% 6.59%20.94%21.88%5.56%6.81%7.42%
Spl Total International Stock Index2.57%–1.65% 11.48%–1.66%6.19%3.19%4.57%
Spliced BloomBarc USAgg Flt AdjIx–0.58% 2.33%8.72%10.44%2.96%3.40%3.78%
Spliced Developed ex US Index2.97%–1.07% 12.63%–2.26%6.32%3.56%5.06%
Spliced Emerging Markets Index1.23%–3.63% 8.10%1.16%5.41%1.97%3.25%
Spliced Energy Index4.66%–5.49% 6.65%–14.85%2.00%–3.68% 1.66%
Spliced Equity Income Index3.81%2.47%16.60% 5.37%10.62%9.42%12.71%
Spliced European Stock Index2.69%–1.95% 13.65%–1.35%6.70%2.69%4.83%
Spliced Extended Market Index1.00%–1.64% 17.53%–3.96%9.83%8.40%12.30%
Spliced Global Capital Cycles Index1.35%–1.66% 15.37%2.81%2.44%0.69%–1.65%
Spliced Global Equity Index2.10%–0.03% 16.20%1.38%9.71%6.65%8.35%
Spliced Growth Index0.24%2.01%24.94% 4.55%15.42%12.24%14.45%
Spliced Health Care Index–0.20%–1.39% 7.87%–2.51%7.61%6.10%11.94%
Spliced Inst Total Stock Market Idx1.72%1.11% 20.03%2.92%12.82%10.43%13.12%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced International Index2.57%–1.80% 11.56%–1.23%6.33%2.90%4.01%
Spliced Large Cap Index1.78%1.58%20.51% 4.22%13.39%10.75%13.27%
Spliced Market Neutral Index USD0.17%0.56%1.78% 2.36%1.52%0.95%0.51%
Spliced Mega Cap Growth Index0.31%2.44%24.59% 4.06%16.16%12.71%14.65%
Spliced Mega Cap Index1.72%1.77%20.08% 4.33%13.94%11.05%13.29%
Spliced Mega Cap Value Index3.17%1.09%15.82% 4.09%11.84%9.53%12.03%
Spliced Mid Cap Growth Idx–0.20%–0.61% 24.60%4.89%12.61%10.04%13.45%
Spliced Mid Cap Index2.06%0.62%22.66% 3.70%10.70%9.24%13.10%
Spliced Mid Cap Value Index4.44%1.88%20.49% 2.34%8.87%8.41%12.65%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.08%0.24% 0.84%1.14%0.75%0.46%0.23%
Spliced PA Tax-Ex Money Mkt Fds Avg0.08%0.24% 0.84%1.14%0.75%0.46%0.23%
Spliced Pacific Stock Index3.59%–0.30% 9.25%–4.76%5.85%4.72%5.43%
Spliced Small and Mid Cap Index2.05%–0.29% 19.66%–1.09%10.36%9.15%12.91%
Spliced Small Cap Growth Index–1.53% –2.15%21.40%–2.03%12.27% 9.70%13.04%
Spliced Small Cap Index1.37%–1.47% 17.79%–3.80%9.61%8.60%12.35%
Spliced Small Cap Value Index3.96%–0.93% 14.59%–5.47%7.34%7.62%11.59%
Spliced Social Index1.79%1.87%21.25% 5.35%14.74%11.77%13.93%
Spliced Total Stock Market Index1.72%1.11%20.03% 2.92%12.82%10.43%13.11%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Total World Stock Index2.13%–0.04% 16.28%1.03%9.78%6.99%8.66%
Spliced US IMI Consumer Stapl 25/501.88%5.92% 21.69%14.80%7.43%9.03%12.37%
Spliced US IMI Energy 25/503.82%–7.55% 3.62%–23.31%–4.41%–6.82% 2.24%
Spliced US IMI Financials 25/504.65%2.01%20.02% 3.44%14.67%10.85%11.13%
Spliced US IMI Health Care 25/50–0.87% –3.23%6.23%–5.09%9.85%9.27% 14.59%
Spliced US IMI Industrials 25/503.06%0.74%23.08% 0.88%11.69%9.91%13.57%
Spliced US IMI Materials 25/503.41%–0.96% 15.89%–1.47%7.75%5.15%9.43%
Spliced US IMI Utilities 25/504.04%8.86%24.60% 25.61%13.92%13.18%12.83%
Spliced Value Index3.38%1.13%16.26%3.57% 11.48%9.36%12.14%
STAR Composite Index1.13%0.98%13.92% 4.80%8.05%6.56%8.19%
Target Retirement 2015 Composite Ix0.50%1.35% 11.36%6.17%6.36%5.51%7.40%
Target Retirement 2020 Composite Ix0.83%1.16% 12.74%5.45%7.27%6.16%8.19%
Target Retirement 2025 Composite Ix1.06%1.07% 13.82%5.02%7.98%6.58%8.71%
Target Retirement 2030 Composite Ix1.25%0.88% 14.40%4.30%8.50%6.86%9.16%
Target Retirement 2035 Composite Ix1.45%0.68% 14.96%3.57%9.00%7.13%9.58%
Target Retirement 2040 Composite Ix1.64%0.48% 15.52%2.83%9.51%7.39%9.87%
Target Retirement 2045 Composite Ix1.81%0.31% 15.92%2.32%9.66%7.49%9.92%
Target Retirement 2050 Composite Ix1.81%0.31% 15.92%2.32%9.66%7.49%9.92%

BenchmarkReturns as of 09/30/2019Month End YTD
as of
09/30/2019
Average Annual Total
Returns as of 09/30/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement 2055 Composite Ix1.81%0.31% 15.92%2.32%9.66%7.49%
Target Retirement 2060 Composite Ix1.81%0.31% 15.92%2.32%9.66%7.49%
Target Retirement 2065 Composite Ix1.81%0.31% 15.92%2.32%
Target Retirement Income Compos. Ix0.30%1.46% 10.40%6.83%5.24%4.73%5.90%
Tax-Exempt Money Mkt Funds Average0.08%0.24%0.83% 1.15%0.77%0.47%0.24%
Tax-Managed Balanced Compos. Index0.46%1.36%13.02% 6.01%8.07%7.02%8.60%
US Gov't Money Market Funds Average0.13%0.41% 1.32%1.73%0.97%0.58%0.29%
Wellesley Income Composite Index0.83%2.70%13.14% 9.92%6.24%6.17%7.66%
Wellington Composite Index0.94%2.09%17.35% 7.27%10.10%8.66%10.42%

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