Benchmark Returns

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index1.66%0.07%7.57% 6.14%6.54%9.74%6.44%
BloomBarc 1 Year Municipal Index–0.43% –0.58%0.10%0.09%0.45%0.62%1.82%
BloomBarc 1-15 Year Municipal Index–3.22% –4.36%–0.95%–0.43% 2.65%2.68%3.87%
BloomBarc 1-5 Year Municipal Index–1.51% –2.03%–0.32%–0.29% 0.96%1.32%2.82%
BloomBarc CA Municipal Index–3.86% –5.56%–1.30%–0.55% 3.94%4.04%4.28%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd–1.19% –2.40%4.44%4.12%4.74%
BloomBarc MA Municipal Index–4.06% –5.57%–1.50%–0.82% 3.29%3.10%4.08%
BloomBarc Municipal Bond Index–3.73% –5.21%–0.92%–0.22% 3.64%3.43%4.09%
BloomBarc Municipal CA Intermed Idx–3.74% –4.90%–1.66%–1.16% 2.56%3.07%4.35%
BloomBarc NJ Municipal Index–4.59% –6.21%0.02%1.39%3.37%3.58%4.01%
BloomBarc NY Municipal Index–3.53% –5.05%–0.81%–0.20% 3.57%3.33%4.08%
BloomBarc OH Municipal Index–3.69% –5.09%–0.90%–0.11% 3.95%3.62%3.85%
BloomBarc PA Municipal Index–3.84% –5.39%–1.03%–0.31% 3.73%3.62%4.30%
BloomBarc US 0-5 Year TIPS Index–0.52% 0.18%2.49%2.27%0.30%0.33%
BloomBarc US 1-3Yr Gov Flt Adj Idx–0.41% –0.36%0.84%0.74%0.64%0.60%
BloomBarc US 1-5 Year Credit Index–0.95% –0.92%2.44%2.08%1.70%2.54%3.83%
BloomBarc US 1-5 Year Treasury Idx–0.98% –1.02%1.00%0.86%0.88%0.80%2.75%
BloomBarc US 1-5 Yr Corporate Index–0.93% –0.87%2.70%2.32%1.90%2.85%4.03%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx–0.95% –0.98%1.00%0.86%0.90%0.83%2.74%
BloomBarc US 10+ Year Corp Index–4.66% –7.46%9.18%7.81%6.58%5.89%6.52%
BloomBarc US 3-10Yr Gov Flt Adj Idx–2.52% –3.06%1.33%1.07%2.00%1.66%
BloomBarc US 5-10 Year Corp Index–2.87% –3.37%5.23%4.35%4.26%5.01%5.76%
BloomBarc US 5-10 Year Credit Index–2.98% –3.57%4.88%3.98%4.09%4.77%5.74%
BloomBarc US 5-10 Yr Treasury Index–3.39% –4.30%1.30%1.00%2.55%1.91%4.92%
BloomBarc US Agg Float Adj Index–2.41% –3.29%2.59%2.23%2.75%2.44%
BloomBarc US GNMA Index–1.55%–1.43% 1.58%1.64%2.80%1.95%4.34%
BloomBarc US Long Gov Flt Adj Idx–7.32% –12.43%1.98%1.92%7.23%3.29%
BloomBarc US Long Treasury Index–7.42% –12.62%1.87%1.85%7.27%3.26%6.50%
BloomBarc US LongCredit A/Better Ix–4.84% –8.23%6.65%6.15%6.96%5.66%6.16%
BloomBarc US MBS Float Adj Index–1.63% –1.58%1.63%1.61%2.76%2.18%
BloomBarc US Treas Bellwether:1Yr–0.01% 0.10%0.80%0.81%0.45%0.37%1.48%
BloomBarc US Trsy Inflat Prtcd Idx–1.92% –1.78%4.79%3.96%1.79%0.92%4.13%
BloomBarc USD EmergMkt GovRIC CapIx–3.52% –4.19%8.66%7.13%5.23%
CA Tax-Exempt Money Mkt Funds Avg
Conservative Growth Composite Index–0.56% –1.65%5.02%4.06%4.22%6.30%4.91%
Convertibles Composite Index1.52%1.35%6.46% 4.68%5.23%9.75%5.82%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index4.44%2.30%10.54% 8.29%8.65%14.37%
Dividend Growth Spliced Index2.99%0.00%10.72% 9.82%6.85%11.72%5.96%
FTSE All-World ex US Index–2.33%–2.47% 2.02%0.26%–1.76%4.71%1.58%
FTSE AW ex US High Div Yield Idx–1.17% –0.70%4.46%2.08%–2.93%4.27% 1.29%
FTSE Emerging Index–4.81%–2.55% 12.37%9.98%–1.74%1.49%2.77%
FTSE Global All Cap Index Hdg.2.50%2.15%7.36% 5.14%6.47%11.75%5.03%
FTSE Global Small-Cap ex US Index–2.34% –2.99%2.26%1.84%–0.19%5.98% 2.37%
FTSE High Dividend Yield Index4.22%2.42%13.66% 12.61%9.79%14.45%7.20%
Growth Composite Index0.95%–0.29% 6.62%5.00%4.89%9.66%5.24%
High-Yield Corporate Composite Idx–0.63% –0.03%11.78%9.49%4.17%6.88%6.79%
iMoneyNet MFR Treasury Funds Avg
Income Composite Index–1.30%–2.33% 4.12%3.47%3.77%4.56%4.69%
Inst Money Market Funds Average
Managed Payout Composite Index0.37%–0.62% 6.20%4.76%3.90%6.70%
Moderate Growth Composite Index0.19%–0.97% 5.86%4.57%4.59%8.01%5.25%
Money Market Funds Average
MSCI US Broad Market Index4.42%2.36%10.53% 8.29%8.73%14.46%7.18%
MSCI US Prime Market 750 Index3.73%1.88%9.65% 7.80%8.99%14.44%7.10%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
MSCI US Small Cap 1750 Index9.96%6.01%17.80% 12.42%7.04%14.59%7.98%
NASDAQ Intl DividendAchieversSel Ix–4.21% –6.98%–0.66%–1.48%
NASDAQ US Dividend Achievers Select2.99%0.00% 10.72%9.82%6.85%11.72%7.15%
NY Tax-Exempt Money Mkt Funds Avg
REIT Spliced Index–1.71%–9.00% 3.74%5.63%11.61%11.86%4.53%
Russell 1000 Growth Index2.18%0.14%5.77% 4.22%9.13%14.14%8.24%
Russell 1000 Index3.94%2.00%9.99%8.01% 8.88%14.45%7.02%
Russell 1000 Value Index5.71%3.86%14.48% 12.02%8.60%14.69%5.70%
Russell 2000 Growth Index8.95%3.65%9.82% 4.58%5.29%13.38%7.59%
Russell 2000 Index
Russell 2000 Value Index13.27%10.41%26.52% 19.85%7.52%14.50%5.92%
Russell 2500 Growth Index7.29%1.98%8.76% 4.91%6.07%13.40%8.12%
Russell 2500 Value Index9.59%7.01%21.73% 16.15%8.06%14.75%6.76%
Russell 3000 Growth Index2.67%0.40%6.07% 4.25%8.81%14.08%8.18%
Russell 3000 Index4.48%2.38%10.58%8.31% 8.68%14.41%7.00%
Russell 3000 Value Index6.28%4.36%15.36% 12.59%8.50%14.67%5.71%
Russell Midcap Growth Index4.35%0.06%6.96% 4.54%7.22%13.09%7.70%
Russell Midcap Value Index6.26%4.11%17.90% 14.25%9.79%15.58%7.51%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
S&P 500 Growth Index1.22%–0.53% 5.39%3.79%9.48%14.30%8.18%
S&P 500 Index3.70%1.83%9.79%8.06% 9.07%14.45%6.89%
S&P 500 Value Index6.30%4.30%14.49%12.56% 8.44%14.53%5.48%
S&P Completion Index7.84%4.62%13.89% 9.41%6.83%14.12%7.64%
S&P EPAC SmallCap Index–2.92%–3.47% –1.41%–0.80%1.91%9.23%2.83%
S&P Global ex U.S. Property Index–3.86% –7.61%1.00%1.73%0.27%7.80%
S&P MidCap 400 Growth Index5.79%0.88%12.08% 8.31%8.31%13.50%9.35%
S&P MidCap 400 Index8.01%4.45%18.15% 13.23%9.36%14.74%8.87%
S&P MidCap 400 Value Index9.97%7.70%24.09% 17.75%10.13%15.84%8.28%
S&P National AMT-Free Muni Bond Idx–3.62% –4.98%–0.75%0.04%3.59%3.25%
S&P SmallCap 600 Growth Index11.77%6.44%18.02% 12.81%8.47%15.67%9.48%
S&P SmallCap 600 Index12.55%8.20%22.43% 16.57%8.79%16.13%8.67%
S&P SmallCap 600 Value Index13.33%10.02%27.25% 20.76%9.07%16.61%7.87%
Spl BloomBarc US 5-10Yr G/Cr FltAdj–3.18% –3.94%3.00%2.42%3.31%3.28%5.27%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx–0.95% –0.96%1.51%1.29%1.17%1.34%3.03%
Spl BloomBarc USLongGv/Cr FltAdj Ix–5.84% –9.66%5.90%5.07%6.71%4.62%6.55%
Spl Total International Stock Index–2.33% –2.53%2.05%0.42%–1.60%4.78% 1.06%
Spliced BloomBarc USAgg Flt AdjIx–2.41% –3.29%2.59%2.23%2.75%2.44%4.28%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Developed ex US Index–1.73% –2.50%–0.79%–2.06% –1.57%6.06%0.93%
Spliced Emerging Markets Index–4.38% –2.42%11.57%9.27%–1.94% 1.33%2.44%
Spliced Energy Index4.62%6.51%22.98% 11.80%–5.46%–0.99%0.63%
Spliced Equity Income Index4.22%2.42%13.66% 12.61%9.79%14.45%7.11%
Spliced European Stock Index–2.15% –4.71%–5.39%–7.47% –3.76%5.15%0.31%
Spliced Extended Market Index7.84%4.62%13.89% 9.41%6.83%14.12%7.64%
Spliced Glbl Custom Metals & Mining–2.05% 2.87%62.66%58.30%–2.77%–10.63% –1.41%
Spliced Global Equity Index0.76%–0.34% 5.58%3.68%2.99%8.85%3.58%
Spliced Growth Index1.20%–0.83% 5.02%2.51%8.46%13.74%8.11%
Spliced Health Care Index–0.05%–6.97% –8.18%–6.80%5.22%13.73% 7.81%
Spliced Inst Total Stock Market Idx4.44%2.30% 10.54%8.29%8.65%14.40%7.15%
Spliced International Index–2.31%–2.53% 1.89%–0.03%–2.31%4.24%–0.06%
Spliced Large Cap Index3.70%1.85%9.65% 7.83%8.90%14.38%7.08%
Spliced Market Neutral Index USD
Spliced Mega Cap Growth Index0.97%–0.52% 5.14%2.61%8.66%14.01%8.24%
Spliced Mega Cap Index3.50%1.85%9.48% 7.88%8.97%14.41%6.97%
Spliced Mega Cap Value Index5.75%3.95%13.35% 12.64%9.31%14.87%5.68%
Spliced Mid Cap Growth Idx3.20%–0.37% 6.55%3.82%7.34%12.51%7.23%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Mid Cap Index4.69%1.86%10.52% 7.59%8.55%14.21%7.60%
Spliced Mid Cap Value Index5.99%3.81%14.11% 10.98%9.55%15.68%7.68%
Spliced NJ Tax-Ex Money Mkt Fds Avg
Spliced OH Tax-Ex Money Mkt Fds Avg
Spliced PA Tax-Ex Money Mkt Fds Avg
Spliced Pacific Stock Index–2.01%–0.16% 4.09%4.71%0.98%6.95%1.80%
Spliced Small and Mid Cap Index6.87%3.63%14.13% 10.17%8.25%14.66%7.89%
Spliced Small Cap Growth Index6.52%1.29%9.93% 6.21%4.49%12.42%8.00%
Spliced Small Cap Index8.61%4.57%16.09% 11.22%7.25%14.43%7.91%
Spliced Small Cap Value Index10.29%7.30%21.38% 15.46%9.57%15.99%7.51%
Spliced Social Index3.92%1.93%8.62%6.70% 9.39%15.77%6.24%
Spliced Total Stock Market Index4.44%2.30%10.54% 8.29%8.65%14.39%7.14%
Spliced Total World Stock Index1.14%–0.05% 6.46%4.53%3.56%9.44%
Spliced US IMI Consumer Discr 25/505.21%2.43% 6.52%3.74%8.32%17.59%9.53%
Spliced US IMI Consumer Stapl 25/50–3.78% –6.04%3.04%5.42%8.48%13.10%10.27%
Spliced US IMI Energy 25/509.81%9.38%27.30% 13.32%–3.13%2.50%3.54%
Spliced US IMI Financials 25/5013.85%13.29%19.91% 16.95%11.57%18.58%1.15%
Spliced US IMI Health Care 25/502.59%–4.64% –3.72%–2.50%9.33%17.74% 10.21%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Industrials 25/509.65%7.16%19.61% 16.20%9.30%16.05%8.19%
Spliced US IMI Info Tech 25/500.47%2.44%12.34% 9.34%13.40%15.61%9.66%
Spliced US IMI Materials 25/508.45%5.08%21.65% 16.06%6.67%10.72%7.11%
Spliced US IMI Telecom Serv 25/503.28%–0.42% 14.15%13.89%7.73%12.36%5.83%
Spliced US IMI Utilities 25/50–4.51% –3.22%12.30%14.72%11.20%10.50%6.88%
Spliced Value Index5.98%4.30%13.93%12.80% 9.31%14.99%5.98%
STAR Composite Index0.76%–0.33% 6.18%4.76%4.54%8.22%5.42%
Target Retirement 2010 Composite Ix–0.63% –1.42%4.53%3.68%3.72%6.10%4.64%
Target Retirement 2015 Composite Ix–0.19% –1.13%5.19%4.10%4.18%7.31%4.87%
Target Retirement 2020 Composite Ix0.12%–0.99% 5.72%4.46%4.57%8.25%5.09%
Target Retirement 2025 Composite Ix0.39%–0.79% 6.04%4.64%4.70%8.88%5.11%
Target Retirement 2030 Composite Ix0.67%–0.53% 6.33%4.80%4.82%9.49%5.10%
Target Retirement 2035 Composite Ix0.96%–0.28% 6.60%4.95%4.92%10.10%5.20%
Target Retirement 2040 Composite Ix1.24%–0.02% 6.86%5.09%4.98%10.44%5.35%
Target Retirement 2045 Composite Ix1.32%0.05% 6.97%5.18%5.01%10.46%5.36%
Target Retirement 2050 Composite Ix1.32%0.05% 6.97%5.18%5.01%10.46%5.36%
Target Retirement 2055 Composite Ix1.32%0.05% 6.97%5.18%5.01%10.46%
Target Retirement 2060 Composite Ix1.32%0.05% 6.97%5.18%5.01%10.46%

BenchmarkReturns as of 11/30/2016Month End YTD
as of
11/30/2016
Average Annual Total
Returns as of 11/30/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement Income Compos. Ix–0.67% –1.45%4.47%3.68%3.52%5.04%4.82%
Tax-Exempt Money Mkt Funds Average
Tax-Managed Balanced Compos. Index0.31%–1.19% 4.62%3.99%5.98%8.66%6.05%
US Gov't Money Market Funds Average
Wellesley Income Composite Index
Wellington Composite Index1.50%–0.15% 7.69%6.46%7.26%10.74%6.39%

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