Benchmark Returns

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index2.64%4.74%7.37% 5.57%8.28%9.56%7.26%
Barclays 1 Year Municipal Index0.17%0.40%0.84% 1.09%0.81%0.81%2.04%
Barclays 1-15 Year Municipal Index0.14%1.42%3.52% 5.62%4.61%4.07%4.65%
Barclays 1-5 Year Municipal Index0.29%0.75%1.84% 2.53%1.99%1.88%3.26%
Barclays CA Municipal Index0.04%1.92%4.34% 6.95%6.57%5.84%5.25%
Barclays GA ex-USD FlAj RIC CpIxHgd0.73%3.54% 6.95%7.76%6.07%
Barclays MA Municipal Index0.07%1.94%4.32% 6.88%5.92%4.89%5.08%
Barclays Municipal Bond Index0.06%1.93%4.40% 6.94%5.91%5.13%5.01%
Barclays Municipal CA Intermed Idx0.23%1.27%3.40% 5.66%4.87%4.59%5.20%
Barclays NJ Municipal Index0.25%2.82%5.99% 9.19%5.93%5.39%5.05%
Barclays NY Municipal Index0.12%1.83%4.35% 6.72%5.96%4.97%4.97%
Barclays OH Municipal Index–0.10%1.78% 4.34%7.10%6.40%5.12%4.75%
Barclays PA Municipal Index0.04%2.01%4.49% 7.16%6.14%5.41%5.21%
Barclays US 0-5 Year TIPS Index–0.10% 0.72%2.58%1.88%0.39%0.29%
Barclays US 1-3Yr Gov Flt Adj Idx–0.06% 0.43%1.37%1.19%0.93%0.77%
Barclays US 1-5 Year Credit Index0.34%1.20%3.41% 3.24%2.50%2.54%4.25%
Barclays US 1-5 Year Treasury Index–0.04% 0.79%2.37%2.21%1.53%1.25%3.14%
Barclays US 1-5 Yr Corporate Index0.41%1.27%3.59% 3.59%2.73%2.80%4.45%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Barclays US 1-5 Yr Government Index–0.04% 0.77%2.31%2.16%1.53%1.26%3.14%
Barclays US 10+ Year Corp Index3.05%7.13%17.40% 15.70%9.32%8.15%8.21%
Barclays US 3-10Yr Gov Flt Adj Idx0.10%1.92%5.20% 5.28%3.58%3.11%
Barclays US 5-10 Year Corp Index1.17%3.25%8.78% 8.77%5.98%5.51%6.66%
Barclays US 5-10 Year Credit Index1.10%3.24%8.65% 8.37%5.85%5.35%6.67%
Barclays US 5-10 Yr Treasury Index0.21%2.59%6.69% 6.94%4.59%3.98%5.95%
Barclays US Agg Float Adj Index0.67%2.59%6.23% 6.11%4.24%3.61%
Barclays US GNMA Index0.22%1.00%2.89% 3.61%3.67%2.70%4.87%
Barclays US Long Credit A/Better Ix2.69%7.13% 16.13%16.59%10.14%8.51%8.01%
Barclays US Long Gov Flt Adj Idx2.22%9.27%17.51% 17.63%11.87%9.75%
Barclays US Long Treasury Index2.24%9.38%17.71% 17.85%11.98%9.87%8.81%
Barclays US MBS Float Adj Index0.18%1.08%3.12% 3.67%3.67%2.79%
Barclays US Treas Bellwether:1Yr Ix0.05%0.29% 0.71%0.75%0.44%0.39%1.65%
Barclays US Trsy Inflat Prtcd Index0.87%2.24% 7.16%5.04%2.36%2.02%4.67%
Barclays USD EmergMkt GovRIC Cap Ix1.52%4.79% 11.64%10.51%6.41%
CA Tax-Exempt Money Mkt Funds Avg0.00%0.01%0.01% 0.02%0.01%0.01%0.60%
Citigroup 3-Month US T-Bill Idx (Daily)0.02%0.06% 0.14%0.16%0.07%0.07%
Conservative Growth Composite Index2.18%3.58% 6.69%4.75%6.14%6.23%5.74%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Convertibles Composite Index3.73%5.06%4.65% 0.28%6.82%7.75%6.38%
CRSP US Total Market Index3.96%6.07%7.77% 4.48%10.56%12.94%
Dividend Growth Spliced Index2.31%5.72%10.74% 8.64%9.30%12.03%7.04%
FTSE All-World ex US Index5.01%1.80%4.05% –4.95%1.94%1.76%2.87%
FTSE AW ex US High Div Yield Idx4.57%0.38%4.01% –7.63%0.13%1.41%2.51%
FTSE Emerging Index4.98%5.82%13.26%–0.99% 0.67%–2.13%4.45%
FTSE Global All Cap Index Hdg.4.29%4.78%4.37% –0.39%8.23%9.54%5.77%
FTSE Global Small-Cap ex US Index5.72%2.02%5.93% 1.05%4.11%2.40%4.27%
FTSE High Dividend Yield Index2.44%6.20%11.35% 11.31%10.97%14.42%7.85%
Growth Composite Index3.67%4.16%6.65% 2.46%7.30%8.58%6.19%
High-Yield Corporate Composite Idx2.49%3.51%9.91% 4.74%4.63%5.99%7.18%
iMoneyNet MFR Treasury Funds Avg0.00%0.00%0.00% 0.00%0.00%0.00%0.69%
Income Composite Index1.43%3.24%6.60% 5.73%5.45%5.05%5.47%
Inst Money Market Funds Average0.02%0.06%0.13% 0.14%0.05%0.04%1.01%
Managed Payout Composite Index2.62%3.67%6.76% 2.91%5.37%5.77%
Moderate Growth Composite Index2.92%3.89%6.70% 3.66%6.75%7.55%6.16%
Money Market Funds Average0.01%0.03%0.03% 0.03%0.01%0.01%0.85%
MSCI US Broad Market Index4.00%6.10%7.71% 4.47%10.66%13.04%8.00%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
MSCI US Prime Market 750 Index3.82%5.95%7.48% 4.89%11.07%13.25%7.98%
MSCI US Small Cap 1750 Index5.49%7.46%9.91% 1.67%7.80%11.55%8.45%
NASDAQ Intl DividendAchieversSel Ix3.28%5.02% 8.80%
NASDAQ US Dividend Achievers Select2.31%5.72% 10.74%8.64%9.30%12.03%8.01%
NY Tax-Exempt Money Mkt Funds Avg0.00%0.01%0.01% 0.01%0.00%0.01%0.62%
REIT Spliced Index4.20%14.04%18.33%22.41% 14.76%13.11%7.63%
Russell 1000 Growth Index4.72%6.33%6.15% 4.35%12.86%13.62%9.50%
Russell 1000 Index3.81%5.87%7.69%4.84% 10.93%13.22%7.89%
Russell 1000 Value Index2.90%5.41%9.38% 5.38%8.99%12.75%6.18%
Russell 2000 Growth Index6.54%8.91%4.84% –5.30%7.39%10.78%8.40%
Russell 2000 Index5.97%8.29%8.32%0.00% 6.74%10.43%7.17%
Russell 2000 Value Index5.40%7.65%11.81% 5.59%6.01%10.03%5.85%
Russell 2500 Growth Index5.94%7.77%5.91% –3.35%8.56%11.42%9.13%
Russell 2500 Value Index4.55%7.04%12.75% 6.36%7.74%11.41%7.15%
Russell 3000 Growth Index4.86%6.52%6.05% 3.57%12.42%13.39%9.41%
Russell 3000 Index3.97%6.05%7.74%4.44% 10.59%12.99%7.82%
Russell 3000 Value Index3.09%5.57%9.56% 5.39%8.75%12.53%6.15%
Russell Midcap Growth Index4.95%6.66%7.21% 1.07%10.08%11.91%9.04%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Russell Midcap Value Index4.24%6.91%13.48% 7.77%10.61%13.44%8.30%
S&P 500 Growth Index4.65%7.06%6.27%5.28% 13.26%14.08%9.45%
S&P 500 Index3.69%5.82%7.66%5.61% 11.16%13.38%7.75%
S&P 500 Value Index2.72%4.58%9.13%5.79% 8.82%12.59%5.95%
S&P Completion Index5.36%7.09%7.93%–0.36% 7.82%11.19%8.26%
S&P EPAC SmallCap Index6.06%0.96%2.60% 0.52%7.18%6.04%4.61%
S&P Global ex U.S. Property Index4.98%3.25%10.33% 5.27%4.88%5.52%
S&P MidCap 400 Growth Index4.52%8.33%10.42% 3.32%10.22%11.74%10.17%
S&P MidCap 400 Index4.29%7.14%12.56% 5.53%9.86%12.28%9.33%
S&P MidCap 400 Value Index4.09%6.08%14.77% 7.81%9.35%12.76%8.42%
S&P National AMT-Free Muni Bond Idx–0.07% 1.83%4.22%6.86%5.67%4.87%
S&P SmallCap 600 Growth Index5.02%8.42%9.16% 3.27%10.22%12.96%9.56%
S&P SmallCap 600 Index5.09%7.48%11.63% 5.96%9.62%13.05%8.77%
S&P SmallCap 600 Value Index5.17%6.52%14.38% 8.95%8.99%13.14%7.98%
Spl Barclays US 5-10Yr G/Cr Flt Adj0.64%2.90% 7.61%7.61%5.21%4.67%6.25%
Spl Barclays US1-5YrGov/Cr FlAdj Ix0.09%0.92% 2.70%2.54%1.85%1.64%3.43%
Spl Barclays USLongGv/Cr Flt Adj Ix2.56%7.95% 17.26%16.15%10.31%8.79%8.48%
Spl Total International Stock Index5.09%1.82% 4.24%–4.34%2.17%1.82%2.33%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Barclays USAgg Float Adj Ix0.67%2.59% 6.23%6.11%4.24%3.61%5.09%
Spliced Developed ex US Index5.11%0.93%1.66% –5.73%2.63%3.38%2.16%
Spliced Emerging Markets Index4.89%5.65%12.15% –1.85%0.38%–2.46%4.03%
Spliced Energy Index–1.51%–0.34% 14.57%–1.30%–5.86%–4.17% 0.50%
Spliced Equity Income Index2.44%6.20%11.35% 11.31%10.97%14.42%7.87%
Spliced European Stock Index4.39%–1.09% –1.10%–9.82%1.36%2.87%1.94%
Spliced Extended Market Index5.36%7.09%7.93% –0.36%7.82%11.19%8.26%
Spliced Glbl Custom Metals & Mining10.36%9.91% 73.51%43.99%–0.91%–11.84% 0.14%
Spliced Global Equity Index4.31%3.81%5.59% –0.44%5.87%6.62%4.66%
Spliced Growth Index4.80%6.66%6.25%3.09% 12.38%13.41%9.47%
Spliced Health Care Index4.54%6.81%2.90% –4.27%12.37%15.21%9.55%
Spliced Inst Total Stock Market Idx3.96%6.07% 7.77%4.48%10.56%13.00%7.98%
Spliced International Index4.95%1.60%3.88% –5.54%1.35%1.35%1.10%
Spliced Large Cap Index3.77%5.88%7.47% 4.98%10.96%13.19%7.95%
Spliced Mega Cap Growth Index4.71%6.39%5.96% 3.40%12.79%13.84%9.59%
Spliced Mega Cap Index3.60%5.75%7.30% 5.49%11.05%13.35%7.82%
Spliced Mega Cap Value Index2.65%5.19%8.44% 7.32%9.77%12.99%6.10%
Spliced Mid Cap Growth Idx5.12%7.05%7.76% 0.22%9.99%11.05%8.46%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Mid Cap Index4.64%6.51%8.33% 2.45%10.47%12.41%8.58%
Spliced Mid Cap Value Index4.22%6.04%8.86% 4.53%10.84%13.65%8.44%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.01%0.62%
Spliced OH Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.00%0.65%
Spliced PA Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.01%0.63%
Spliced Pacific Stock Index6.54%4.01%4.46% –0.31%4.01%3.89%2.38%
Spliced Small and Mid Cap Index4.90%6.92%9.77% 3.13%9.84%12.37%8.67%
Spliced Small Cap Growth Index5.55%8.75%8.00% –1.84%6.97%10.55%9.07%
Spliced Small Cap Index5.07%7.38%10.34% 2.31%8.38%11.81%8.58%
Spliced Small Cap Value Index4.68%6.31%12.32% 5.98%9.55%12.75%7.85%
Spliced Social Index4.95%6.21%5.84%2.43% 11.36%14.31%7.00%
Spliced Total Stock Market Index3.96%6.07%7.77% 4.48%10.56%12.98%7.98%
Spliced Total World Stock Index4.47%4.05%6.16% 0.25%6.41%7.08%
Spliced US IMI Consumer Discr 25/504.90%3.49% 5.15%1.23%11.68%16.53%11.18%
Spliced US IMI Consumer Stapl 25/50–0.28% 5.78%10.27%11.52%12.77%15.40%11.59%
Spliced US IMI Energy 25/50–1.94%–0.78% 14.23%0.16%–4.85%–1.20% 2.96%
Spliced US IMI Financials 25/503.88%3.84%2.48% –1.41%7.69%12.05%0.44%
Spliced US IMI Health Care 25/505.45%8.59%4.20% –2.58%15.56%19.25%11.62%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Industrials 25/503.84%4.32%10.43% 8.66%10.59%13.55%8.45%
Spliced US IMI Info Tech 25/507.69%10.80%7.27% 8.44%15.69%14.30%11.18%
Spliced US IMI Materials 25/505.55%4.96%15.68% 9.37%8.26%7.63%8.07%
Spliced US IMI Telecom Serv 25/502.79%9.96%21.91% 22.88%11.37%12.53%7.58%
Spliced US IMI Utilities 25/50–0.80% 8.51%22.72%23.78%13.74%13.93%8.78%
Spliced Value Index2.86%5.16%8.55%6.67% 9.78%13.01%6.42%
STAR Composite Index2.88%3.83%6.31%3.24% 6.55%7.49%6.26%
Target Retirement 2010 Composite Ix1.76%3.09% 6.00%4.18%5.55%5.99%5.58%
Target Retirement 2015 Composite Ix2.34%3.46% 6.28%3.73%6.23%6.89%5.83%
Target Retirement 2020 Composite Ix2.81%3.80% 6.61%3.56%6.81%7.67%6.09%
Target Retirement 2025 Composite Ix3.13%3.96% 6.67%3.20%7.05%8.07%6.13%
Target Retirement 2030 Composite Ix3.42%4.06% 6.65%2.76%7.26%8.45%6.14%
Target Retirement 2035 Composite Ix3.70%4.16% 6.62%2.29%7.45%8.81%6.22%
Target Retirement 2040 Composite Ix3.98%4.26% 6.58%1.81%7.54%9.05%6.35%
Target Retirement 2045 Composite Ix4.05%4.29% 6.60%1.82%7.55%9.05%6.35%
Target Retirement 2050 Composite Ix4.05%4.29% 6.60%1.82%7.55%9.05%6.35%
Target Retirement 2055 Composite Ix4.05%4.29% 6.60%1.82%7.55%9.05%
Target Retirement 2060 Composite Ix4.05%4.29% 6.60%1.82%7.55%

BenchmarkReturns as of 07/31/2016Month End YTD
as of
07/31/2016
Average Annual Total
Returns as of 07/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement Income Compos. Ix1.67%3.04% 5.99%4.45%5.09%5.28%5.57%
Tax-Exempt Money Mkt Funds Average0.00%0.00%0.00% 0.01%0.01%0.01%0.60%
Tax-Managed Balanced Compos. Index1.96%3.69%5.79% 5.64%7.99%8.91%6.88%
US Gov't Money Market Funds Average0.00%0.00% 0.00%0.00%0.00%0.00%0.80%
Wellesley Income Composite Index1.56%4.23%9.06% 9.50%7.41%8.16%6.83%
Wellington Composite Index2.78%4.90%7.78% 6.76%9.23%10.45%7.28%

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