Benchmark Returns

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index–3.20%0.77% 8.61%4.45%8.12%6.86%10.20%
BloomBarc 1 Year Municipal Index0.37%0.72%1.26% 2.39%1.25%1.00%1.15%
BloomBarc 1-15 Year Municipal Index1.21%2.60% 3.97%5.87%2.57%2.95%3.80%
BloomBarc 1-5 Year Municipal Index0.74%1.27%2.27% 3.73%1.64%1.58%2.16%
BloomBarc CA Municipal Index1.47%3.58%4.78% 6.10%2.87%3.61%5.07%
BloomBarc GA Credit Index Hedged1.14%3.83%6.12% 7.09%4.06%3.80%5.54%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd1.23%3.14% 4.48%6.80%3.68%4.32%
BloomBarc MA Municipal Index1.27%3.21%4.47% 6.22%2.62%3.32%4.23%
BloomBarc Municipal Bond Index1.38%3.37%4.71% 6.40%2.96%3.58%4.58%
BloomBarc Municipal CA Intermed Idx1.37%2.51% 4.01%5.99%2.42%2.89%4.40%
BloomBarc NJ Municipal Index1.80%4.14%5.69% 8.06%4.36%4.21%4.96%
BloomBarc NY Municipal Index1.38%3.31%4.64% 6.26%2.78%3.51%4.43%
BloomBarc OH Municipal Index1.29%3.11%4.48% 6.29%2.83%3.65%4.59%
BloomBarc PA Municipal Index1.43%3.68%5.14% 7.10%3.32%3.90%4.70%
BloomBarc US 0-5 Year TIPS Index0.52%1.74%2.65% 2.71%1.73%0.85%
BloomBarc US 1-5 Year Credit Index0.77%2.15%3.52% 5.08%2.46%2.16%3.47%
BloomBarc US 1-5 Year Treasury Idx1.03%2.07%2.43% 4.26%1.41%1.37%1.63%
BloomBarc US 1-5 Yr Corporate Index0.71%2.13% 3.69%5.13%2.61%2.30%3.79%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx1.02%2.05%2.42% 4.25%1.42%1.38%1.63%
BloomBarc US 10+ Year Corp Index2.30%7.46%11.19% 9.08%5.43%5.00%8.61%
BloomBarc US 5-10 Year Corp Index1.40%4.45%7.58% 8.56%3.86%3.81%6.69%
BloomBarc US 5-10 Year Credit Index1.44%4.46% 7.42%8.56%3.77%3.71%6.47%
BloomBarc US 5-10 Yr Treasury Index2.50%4.40% 4.77%7.74%1.82%2.68%3.78%
BloomBarc US Agg Float Adj Index1.80%3.82%4.89% 6.44%2.52%2.71%
BloomBarc US GNMA Index1.25%2.50%3.27% 5.31%1.90%2.24%3.24%
BloomBarc US Long Treasury Index6.54%10.13%9.52% 11.02%2.91%5.38%6.46%
BloomBarc US LongCredit A/Better Ix3.20%7.60% 10.45%9.34%4.54%5.23%8.14%
BloomBarc US MBS Float Adj Index1.23%2.61%3.33% 5.38%2.05%2.37%
BloomBarc US Treas Bellwether:1Yr0.32%0.88%1.38% 2.69%1.48%1.04%0.77%
BloomBarc US Trsy Inflat Prtcd Idx1.65%3.86%5.25% 4.36%2.49%1.64%3.60%
BloomBarc USD EmergMkt GovRIC CapIx0.53%2.19% 6.44%7.31%5.13%4.23%
Bloomberg Commodity Index TR–3.36% –3.94%2.31%–12.37%–1.73% –9.52%–4.18%
CA Tax-Exempt Money Mkt Funds Avg0.09%0.28%0.44% 0.96%0.55%0.33%0.17%
Communication Services Spliced Idx–5.57% 1.91%12.86%3.10%–0.62%2.16%8.46%
Conservative Growth Composite Index–1.45% 1.52%6.70%3.63%5.73%4.70%7.10%
Consumer Discretionary Spliced Idx–7.83% –0.43%11.31%2.44%12.09%11.04%18.26%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index–6.44%–1.31% 10.96%2.58%11.59%9.25%
Dividend Growth Spliced Index–4.66% 0.03%11.29%8.70%12.18%9.39%13.21%
FTSE All-World ex US Index–5.21%–2.11% 7.19%–6.14%6.82%1.69%6.14%
FTSE All-World Index–5.84%–1.37% 9.16%–1.08%9.43%5.65%9.75%
FTSE AW ex US High Div Yield Idx–5.29% –2.91%5.80%–3.90%6.58%0.04% 5.98%
FTSE Emerging Index–6.23%–2.64% 5.93%–5.22%10.01%2.45%5.28%
FTSE Global All Cap Index Hdg.–5.66% –0.76%10.15%0.68%10.14%7.56%10.78%
FTSE Global Small-Cap ex US Index–5.29% –3.32%6.76%–13.53%4.42% 1.04%7.35%
FTSE High Dividend Yield Index–6.39% –3.16%6.70%1.63%8.76%8.10%13.47%
Global Wellesley Income Comp Index–1.14% 1.50%6.03%3.81%
Global Wellington Composite Index–3.35% 0.53%8.29%2.24%
Growth Composite Index–4.46%–0.59% 8.57%0.52%8.46%6.03%10.15%
High-Yield Corporate Composite Idx–0.83% 1.49%7.36%6.30%6.22%4.24%8.20%
iMoneyNet MFR Treasury Funds Avg0.16%0.47%0.77% 1.68%0.82%0.49%0.24%
Income Composite Index0.08%2.57%5.74% 5.12%4.32%3.95%5.59%
Information Technology Spliced Idx–8.86% 1.00%17.01%7.81%22.48%17.30%18.26%
JP Morgan EMBI Global Diversified0.41%2.09%7.65% 7.46%5.46%4.67%7.58%
Managed Payout Composite Index–3.22% 0.05%7.46%1.00%6.81%4.63%7.87%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Moderate Growth Composite Index–2.96% 0.46%7.64%2.10%7.11%5.39%8.76%
Money Market Funds Average0.17%0.52%0.87% 1.91%1.03%0.62%0.31%
MSCI US Broad Market Index–6.47%–1.36% 10.96%2.44%11.56%9.28%14.01%
MSCI US Prime Market 750 Index–6.34% –0.81%11.07%3.64%11.81%9.61%14.03%
MSCI US Small Cap 1750 Index–7.69% –6.10%9.96%–7.34%9.16%6.63% 13.74%
NASDAQ Intl DividendAchieversSel Ix–3.22% 2.54%11.70%–0.51%7.22%
NASDAQ US Dividend Achievers Select–4.66% 0.03%11.29%8.70%12.18%9.39%13.07%
NY Tax-Exempt Money Mkt Funds Avg0.10%0.31%0.48% 1.03%0.58%0.35%0.18%
Real Estate Spliced Index0.12%4.22%17.32% 14.88%5.85%7.68%14.97%
Russell 1000 Growth Index–6.32%0.70% 13.68%5.39%15.33%12.33%15.64%
Russell 1000 Index–6.37%–0.90% 11.05%3.47%11.68%9.45%14.02%
Russell 1000 Value Index–6.43%–2.49% 8.45%1.45%7.98%6.53%12.33%
Russell 2000 Growth Index–7.42%–5.89% 11.76%–6.88%11.72%8.32%13.93%
Russell 2000 Index–7.78%–6.64% 9.26%–9.04%9.75%6.71%12.84%
Russell 2000 Value Index–8.17%–7.44% 6.67%–11.32%7.68%5.00%11.67%
Russell 2500 Growth Index–6.64%–3.61% 14.97%–0.70%12.99%9.47%15.07%
Russell 2500 Value Index–7.54%–5.58% 8.25%–7.39%6.94%5.12%12.57%
Russell 3000 Index–6.47%–1.32% 10.92%2.50%11.55%9.25%13.93%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Russell 3000 Value Index–6.55%–2.84% 8.33%0.48%7.98%6.42%12.28%
Russell Midcap Growth Index–5.75%–0.19% 17.81%6.87%13.88%10.28%15.29%
Russell Midcap Value Index–6.42%–2.85% 10.56%–2.09%6.92%6.05%13.84%
S&P 500 Growth Index–5.29%1.17% 13.21%6.16%14.80%12.21%15.50%
S&P 500 Index–6.35%–0.67% 10.74%3.78%11.72%9.66%13.95%
S&P 500 Value Index–7.57%–2.74% 7.97%1.18%8.13%6.69%12.17%
S&P Completion Index–6.95%–4.50% 11.88%–3.78%10.55%7.21%13.89%
S&P EPAC SmallCap Index–5.06%–2.46% 7.65%–12.42%5.24%3.47%8.93%
S&P Global ex U.S. Property Index–1.42% 1.00%9.51%–1.02%6.55%3.77%
S&P MidCap 400 Growth Index–6.36%–2.66% 11.21%–4.36%9.24%8.30%14.34%
S&P MidCap 400 Index–7.97%–4.82% 9.60%–5.44%8.36%7.31%13.87%
S&P MidCap 400 Value Index–9.66%–7.05% 7.92%–6.54%7.19%6.04%13.27%
S&P National AMT-Free Muni Bond Idx1.48%3.43% 4.71%6.23%2.82%3.44%4.39%
S&P SmallCap 600 Growth Index–7.49% –6.95%6.07%–7.56%11.30% 9.56%15.34%
S&P SmallCap 600 Index–8.73%–8.35% 5.81%–10.47%9.54%7.85%14.33%
S&P SmallCap 600 Value Index–9.95% –9.73%5.64%–13.10%7.79% 6.17%13.36%
Spl BloomBarc US 5-10Yr G/Cr FltAdj2.02%4.43% 5.98%8.12%2.76%3.18%5.09%
Spl BloomBarc US Long Treasury Idx6.54%10.13% 9.52%11.02%2.98%5.37%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spl BloomBarc US Treas 1-3 Yr Idx0.74%1.57%1.94% 3.49%1.33%1.11%
Spl BloomBarc US Treas 3-10 Yr Idx2.02%3.65%4.01% 6.65%1.72%2.28%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx0.94%2.09% 2.79%4.53%1.78%1.65%2.19%
Spl BloomBarc USLongGv/Cr FltAdj Ix4.13%8.59% 10.40%10.05%4.48%5.12%7.62%
Spl Total International Stock Index–5.22% –2.23%7.15%–6.93%6.57%1.62% 5.98%
Spliced BloomBarc USAgg Flt AdjIx1.80%3.82%4.89% 6.44%2.52%2.71%3.85%
Spliced Developed ex US Index–4.97% –2.12%7.51%–7.11%5.89%1.60% 6.39%
Spliced Emerging Markets Index–6.22% –2.64%6.42%–6.61%9.10%1.81% 4.92%
Spliced Energy Index–7.43%–6.11% 5.95%–12.81%3.93%–4.74% 2.09%
Spliced Equity Income Index–6.39%–3.16% 6.70%1.63%8.76%8.10%13.47%
Spliced European Stock Index–5.50% –1.49%8.69%–5.78%5.31%0.29% 6.33%
Spliced Extended Market Index–6.95% –4.50%11.88%–3.78%10.55% 7.21%13.89%
Spliced Global Capital Cycles Index–5.29% –2.42%8.65%–13.93%7.50% –1.46%–0.98%
Spliced Global Equity Index–5.93%–1.53% 9.09%–1.29%9.07%5.22%9.39%
Spliced Growth Index–6.33%1.20% 14.68%4.67%13.81%11.10%15.15%
Spliced Health Care Index–2.61%–4.23% 2.62%4.03%6.18%6.29%12.69%
Spliced Inst Total Stock Market Idx–6.44% –1.31%10.96%2.58%11.59%9.25%14.00%
Spliced International Index–5.37%–2.29% 7.15%–6.26%6.72%1.31%5.39%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Large Cap Index–6.33%–0.71% 10.90%3.82%11.85%9.59%14.02%
Spliced Market Neutral Index USD0.21%0.62%1.01% 2.24%1.29%0.80%0.43%
Spliced Mega Cap Growth Index–6.65% 1.12%13.85%4.07%14.40%11.51%15.26%
Spliced Mega Cap Index–6.38%–0.60% 10.30%4.28%12.26%9.91%13.93%
Spliced Mega Cap Value Index–6.11% –2.30%6.98%4.07%10.26%8.47%12.70%
Spliced Mid Cap Growth Idx–5.01%1.11% 17.90%6.42%12.07%9.54%14.71%
Spliced Mid Cap Index–6.04%–1.22% 13.86%1.67%9.81%8.02%14.43%
Spliced Mid Cap Value Index–7.15%–3.67% 9.65%–3.08%7.58%6.47%14.03%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.10%0.31% 0.50%1.11%0.65%0.39%0.20%
Spliced PA Tax-Ex Money Mkt Fds Avg0.10%0.31% 0.50%1.11%0.65%0.39%0.20%
Spliced Pacific Stock Index–4.45%–3.03% 4.57%–9.97%6.96%3.63%6.50%
Spliced Small and Mid Cap Index–6.82% –3.51%12.16%–2.17%9.99% 7.84%14.44%
Spliced Small Cap Growth Index–6.33% –2.99%15.59%0.67%13.02%8.62%14.82%
Spliced Small Cap Index–7.25%–4.76% 11.68%–3.74%9.95%7.29%14.12%
Spliced Small Cap Value Index–8.07% –6.32%8.33%–7.45%7.37%6.13% 13.36%
Spliced Social Index–6.37%–0.43% 11.17%4.55%13.12%10.67%14.97%
Spliced Total Stock Market Index–6.44% –1.31%10.96%2.58%11.59%9.25%13.99%
Spliced Total World Stock Index–5.89% –1.66%9.27%–1.84%9.23%5.55% 9.74%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Consumer Stapl 25/50–4.24% 1.60%9.33%13.24%4.57%7.00%12.45%
Spliced US IMI Energy 25/50–11.66% –9.72%2.98%–22.68%–2.65% –7.70%2.78%
Spliced US IMI Financials 25/50–6.97% –2.11%10.43%–3.43%12.35% 9.75%12.47%
Spliced US IMI Health Care 25/50–2.62% –4.89%2.47%5.77%9.58%10.12%15.69%
Spliced US IMI Industrials 25/50–7.60% –4.56%12.90%–1.45%10.40% 7.63%14.61%
Spliced US IMI Materials 25/50–9.27% –6.08%4.45%–11.31%5.66% 3.16%10.04%
Spliced US IMI Utilities 25/50–0.94% 2.83%10.71%17.24%10.08%10.44%12.85%
Spliced Value Index–6.32%–2.62% 7.27%2.74%10.01%8.21%12.93%
STAR Composite Index–3.34%0.21% 7.84%2.39%7.45%5.50%8.88%
Target Retirement 2015 Composite Ix–1.48% 1.35%6.42%3.17%6.00%4.68%8.15%
Target Retirement 2020 Composite Ix–2.43% 0.77%7.18%2.43%6.85%5.24%8.99%
Target Retirement 2025 Composite Ix–3.08% 0.38%7.75%1.94%7.48%5.56%9.56%
Target Retirement 2030 Composite Ix–3.64% –0.02%8.10%1.35%7.99%5.80%10.08%
Target Retirement 2035 Composite Ix–4.20% –0.41%8.44%0.75%8.49%6.03%10.58%
Target Retirement 2040 Composite Ix–4.76% –0.81%8.78%0.15%8.98%6.25%10.85%
Target Retirement 2045 Composite Ix–5.20% –1.12%9.02%–0.29%9.11%6.32% 10.88%
Target Retirement 2050 Composite Ix–5.20% –1.12%9.02%–0.29%9.11%6.32% 10.88%
Target Retirement 2055 Composite Ix–5.20% –1.12%9.02%–0.29%9.11%6.32%

BenchmarkReturns as of 05/31/2019Month End YTD
as of
05/31/2019
Average Annual Total
Returns as of 05/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement 2060 Composite Ix–5.20% –1.12%9.02%–0.29%9.11%6.32%
Target Retirement 2065 Composite Ix–5.20% –1.12%9.02%–0.29%
Target Retirement Income Compos. Ix–0.87% 1.73%5.86%3.74%4.83%3.95%6.25%
Tax-Exempt Money Mkt Funds Average0.10%0.31%0.49% 1.12%0.67%0.40%0.21%
Tax-Managed Balanced Compos. Index–2.63% 0.88%7.55%4.98%7.25%6.40%9.12%
US Gov't Money Market Funds Average0.15%0.45% 0.75%1.60%0.78%0.47%0.23%
Wellesley Income Composite Index–1.12% 1.59%6.38%5.38%5.14%5.10%8.17%
Wellington Composite Index–3.53%1.07% 9.21%5.26%8.78%7.56%11.00%

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