Benchmark Returns

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index1.23%1.21%8.89% 8.89%6.49%9.79%6.52%
BloomBarc 1 Year Municipal Index0.20%–0.17% 0.30%0.30%0.50%0.63%1.82%
BloomBarc 1-15 Year Municipal Index0.97%–3.08% 0.01%0.01%3.03%2.54%4.00%
BloomBarc 1-5 Year Municipal Index0.33%–1.36% 0.00%0.00%1.08%1.25%2.86%
BloomBarc CA Municipal Index1.18%–3.86% –0.14%–0.14%4.36%3.85%4.44%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd0.44%–2.00% 4.90%4.90%5.08%
BloomBarc MA Municipal Index1.33%–3.77% –0.20%–0.20%3.80%2.97%4.27%
BloomBarc Municipal Bond Index1.17%–3.62% 0.25%0.25%4.14%3.28%4.25%
BloomBarc Municipal CA Intermed Idx0.94%–3.64% –0.74%–0.74%2.92%2.74%4.49%
BloomBarc NJ Municipal Index0.69%–5.18% 0.71%0.71%3.68%3.25%4.13%
BloomBarc NY Municipal Index1.21%–3.42% 0.39%0.39%4.09%3.22%4.24%
BloomBarc OH Municipal Index1.22%–3.48% 0.31%0.31%4.45%3.51%4.01%
BloomBarc PA Municipal Index1.27%–3.63% 0.24%0.24%4.20%3.49%4.46%
BloomBarc US 0-5 Year TIPS Index0.31%–0.16% 2.81%2.81%0.54%0.48%
BloomBarc US 1-3Yr Gov Flt Adj Idx0.03%–0.45% 0.87%0.87%0.69%0.59%
BloomBarc US 1-5 Year Credit Index0.13%–0.90% 2.58%2.58%1.86%2.46%3.86%
BloomBarc US 1-5 Year Treasury Idx0.01%–1.18% 1.02%1.02%1.04%0.77%2.77%
BloomBarc US 1-5 Yr Corporate Index0.16%–0.81% 2.87%2.87%2.06%2.76%4.07%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx0.01%–1.14% 1.02%1.02%1.04%0.80%2.76%
BloomBarc US 10+ Year Corp Index1.64%–5.02% 10.97%10.97%7.00%5.37%6.93%
BloomBarc US 3-10Yr Gov Flt Adj Idx–0.07% –3.32%1.27%1.27%2.43%1.46%
BloomBarc US 5-10 Year Corp Index0.34%–3.10% 5.60%5.60%4.55%4.63%5.87%
BloomBarc US 5-10 Year Credit Index0.33%–3.28% 5.23%5.23%4.39%4.39%5.86%
BloomBarc US 5-10 Yr Treasury Index–0.12% –4.57%1.18%1.18%3.12%1.61%5.03%
BloomBarc US Agg Float Adj Index0.15%–3.05% 2.75%2.75%2.99%2.24%
BloomBarc US GNMA Index–0.02%–1.70% 1.56%1.56%2.95%1.81%4.35%
BloomBarc US Long Gov Flt Adj Idx–0.55% –11.52%1.42%1.42%7.72%2.57%
BloomBarc US Long Treasury Index–0.53% –11.67%1.33%1.33%7.78%2.52%6.68%
BloomBarc US LongCredit A/Better Ix1.15%–6.03% 7.88%7.88%7.43%5.13%6.52%
BloomBarc US MBS Float Adj Index0.00%–1.86% 1.63%1.63%2.88%2.04%
BloomBarc US Treas Bellwether:1Yr0.04%0.08%0.84% 0.84%0.45%0.37%1.46%
BloomBarc US Trsy Inflat Prtcd Idx–0.10% –2.41%4.68%4.68%2.26%0.89%4.36%
BloomBarc USD EmergMkt GovRIC CapIx1.25%–3.26% 10.02%10.02%5.54%
CA Tax-Exempt Money Mkt Funds Avg0.03%0.06%0.13% 0.13%0.05%0.03%0.49%
Conservative Growth Composite Index1.03%–0.87% 6.11%6.11%4.39%6.35%4.99%
Convertibles Composite Index1.58%2.02%8.08% 8.08%5.19%10.05%5.93%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index1.94%4.11%12.68% 12.68%8.40%14.62%
Dividend Growth Spliced Index1.09%2.09%11.93% 11.93%6.54%11.76%5.94%
FTSE All-World ex US Index2.72%–1.03% 4.80%4.80%–1.16%5.52%1.54%
FTSE AW ex US High Div Yield Idx3.78%2.09%8.41% 8.41%–1.93%5.03%1.33%
FTSE Emerging Index0.71%–2.84% 13.17%13.17%–1.07%1.83%2.37%
FTSE Global All Cap Index Hdg.2.56%4.46%10.10% 10.10%6.73%12.25%5.01%
FTSE Global Small-Cap ex US Index1.77%–3.34% 4.07%4.07%–0.27%6.80%2.17%
FTSE High Dividend Yield Index2.91%5.83%16.96% 16.96%10.07%14.40%7.24%
Growth Composite Index1.82%1.01%8.56% 8.56%4.96%9.96%5.31%
High-Yield Corporate Composite Idx1.46%1.01%13.41% 13.41%4.53%6.69%6.85%
iMoneyNet MFR Treasury Funds Avg0.01%0.01%0.01% 0.01%0.00%0.00%0.51%
Income Composite Index0.64%–1.80% 4.79%4.79%4.00%4.50%4.77%
Inst Money Market Funds Average0.04%0.11%0.29% 0.29%0.10%0.07%0.82%
Managed Payout Composite Index1.51%0.34%7.80% 7.80%4.02%6.94%
Moderate Growth Composite Index1.43%0.07%7.37% 7.37%4.71%8.19%5.33%
Money Market Funds Average0.03%0.07%0.12% 0.12%0.04%0.02%0.67%
MSCI US Broad Market Index1.93%4.12%12.67% 12.67%8.48%14.71%7.26%
MSCI US Prime Market 750 Index1.88%3.67%11.72% 11.72%8.70%14.66%7.17%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
MSCI US Small Cap 1750 Index2.22%7.59%20.41% 20.41%7.02%15.04%8.21%
NASDAQ Intl DividendAchieversSel Ix2.05%–6.07% 1.37%1.37%
NASDAQ US Dividend Achievers Select1.09%2.09% 11.93%11.93%6.54%11.76%7.08%
NY Tax-Exempt Money Mkt Funds Avg0.01%0.04%0.09% 0.09%0.03%0.02%0.51%
REIT Spliced Index4.69%–2.96% 8.60%8.60%13.23%11.86%5.20%
Russell 1000 Growth Index1.24%1.01%7.08% 7.08%8.55%14.50%8.33%
Russell 1000 Index1.88%3.83%12.05%12.05% 8.59%14.69%7.08%
Russell 1000 Value Index2.50%6.68%17.34% 17.34%8.59%14.80%5.72%
Russell 2000 Growth Index1.36%3.57%11.32% 11.32%5.05%13.74%7.76%
Russell 2000 Index2.80%8.83%21.31%21.31% 6.74%14.46%7.07%
Russell 2000 Value Index4.13%14.07%31.74% 31.74%8.31%15.07%6.26%
Russell 2500 Growth Index0.89%2.60%9.73% 9.73%5.45%13.88%8.24%
Russell 2500 Value Index2.85%9.34%25.20% 25.20%8.22%15.04%6.94%
Russell 3000 Growth Index1.25%1.20%7.39% 7.39%8.27%14.44%8.28%
Russell 3000 Index1.95%4.21%12.74%12.74% 8.43%14.67%7.07%
Russell 3000 Value Index2.63%7.24%18.40% 18.40%8.55%14.81%5.76%
Russell Midcap Growth Index0.35%0.46%7.33% 7.33%6.23%13.51%7.83%
Russell Midcap Value Index1.78%5.52%20.00% 20.00%9.45%15.70%7.59%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
S&P 500 Growth Index1.42%0.48%6.89%6.89% 9.03%14.54%8.29%
S&P 500 Index1.98%3.82%11.96%11.96% 8.87%14.66%6.95%
S&P 500 Value Index2.54%7.35%17.40%17.40% 8.51%14.69%5.50%
S&P Completion Index1.81%5.55%15.95% 15.95%6.41%14.55%7.84%
S&P EPAC SmallCap Index2.78%–3.38% 1.34%1.34%2.04%10.27%2.73%
S&P Global ex U.S. Property Index0.45%–7.57% 1.46%1.46%0.69%8.22%
S&P MidCap 400 Growth Index2.40%4.73%14.77% 14.77%7.99%14.42%9.74%
S&P MidCap 400 Index2.19%7.42%20.74% 20.74%9.04%15.33%9.16%
S&P MidCap 400 Value Index1.97%9.79%26.53% 26.53%9.81%16.07%8.48%
S&P National AMT-Free Muni Bond Idx1.12%–3.44% 0.36%0.36%4.12%3.06%
S&P SmallCap 600 Growth Index3.51%9.66%22.16% 22.16%9.26%16.35%9.90%
S&P SmallCap 600 Index3.37%11.13%26.56% 26.56%9.47%16.62%9.03%
S&P SmallCap 600 Value Index3.20%12.60%31.32% 31.32%9.64%16.88%8.18%
Spl BloomBarc US 5-10Yr G/Cr FltAdj0.10%–3.94% 3.10%3.10%3.74%2.96%5.37%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx0.06%–1.05% 1.57%1.57%1.32%1.30%3.05%
Spl BloomBarc USLongGv/Cr FltAdj Ix0.73%–7.84% 6.68%6.68%7.16%4.07%6.85%
Spl Total International Stock Index2.62%–1.27% 4.72%4.72%–1.07%5.58%0.98%
Spliced BloomBarc USAgg Flt AdjIx0.15%–3.05% 2.75%2.75%2.99%2.24%4.36%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Developed ex US Index3.10%–0.86% 2.29%2.29%–0.99%6.92%0.93%
Spliced Emerging Markets Index0.18%–3.01% 11.77%11.77%–1.44%1.61%2.01%
Spliced Energy Index3.80%7.44%27.66% 27.66%–4.93%0.01%1.20%
Spliced Equity Income Index2.91%5.83%16.96% 16.96%10.07%14.40%7.18%
Spliced European Stock Index5.18%–0.69% –0.48%–0.48%–2.84% 6.55%0.50%
Spliced Extended Market Index1.81%5.55%15.95% 15.95%6.41%14.55%7.84%
Spliced Glbl Custom Metals & Mining–0.17% –4.32%62.37%62.37%–2.94% –9.01%–1.34%
Spliced Global Equity Index2.16%1.19%7.86% 7.86%3.13%9.36%3.57%
Spliced Growth Index1.08%–0.42% 6.16%6.16%7.66%14.13%8.20%
Spliced Health Care Index1.46%–5.46% –6.83%–6.83%5.38%13.35% 7.84%
Spliced Inst Total Stock Market Idx1.94%4.11% 12.68%12.68%8.40%14.66%7.23%
Spliced International Index2.56%–1.25% 4.50%4.50%–1.78%5.00%–0.12%
Spliced Large Cap Index1.91%3.72%11.75% 11.75%8.63%14.61%7.14%
Spliced Market Neutral Index USD0.03%0.08%0.27% 0.27%0.09%0.08%0.72%
Spliced Mega Cap Growth Index1.24%–0.07% 6.45%6.45%7.93%14.37%8.33%
Spliced Mega Cap Index2.16%4.03%11.85% 11.85%8.81%14.64%7.03%
Spliced Mega Cap Value Index2.94%7.71%16.68% 16.68%9.63%14.93%5.69%
Spliced Mid Cap Growth Idx0.22%–0.47% 6.78%6.78%6.30%12.98%7.38%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Mid Cap Index0.66%2.14%11.25% 11.25%7.72%14.42%7.70%
Spliced Mid Cap Value Index1.03%4.42%15.28% 15.28%8.91%15.62%7.72%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.03%0.06% 0.10%0.10%0.04%0.02%0.51%
Spliced OH Tax-Ex Money Mkt Fds Avg0.03%0.06% 0.10%0.10%0.04%0.02%0.53%
Spliced PA Tax-Ex Money Mkt Fds Avg0.03%0.06% 0.10%0.10%0.04%0.02%0.51%
Spliced Pacific Stock Index0.57%–1.78% 4.67%4.67%1.21%7.03%1.56%
Spliced Small and Mid Cap Index1.44%4.82%15.77% 15.77%7.77%15.00%8.05%
Spliced Small Cap Growth Index0.63%1.38%10.62% 10.62%3.86%12.68%8.11%
Spliced Small Cap Index1.87%6.09%18.26% 18.26%7.00%14.81%8.10%
Spliced Small Cap Value Index2.83%10.00%24.82% 24.82%9.61%16.41%7.76%
Spliced Social Index1.66%3.64%10.42% 10.42%9.12%16.06%6.25%
Spliced Total Stock Market Index1.94%4.11%12.68% 12.68%8.40%14.64%7.23%
Spliced Total World Stock Index2.22%1.48%8.82% 8.82%3.70%9.99%
Spliced US IMI Consumer Discr 25/500.19%2.80% 6.72%6.72%7.54%17.42%9.34%
Spliced US IMI Consumer Stapl 25/503.25%–1.42% 6.39%6.39%9.38%13.28%10.35%
Spliced US IMI Energy 25/501.78%7.60%29.56% 29.56%–3.54%3.18%3.99%
Spliced US IMI Financials 25/504.10%20.69%24.83% 24.83%12.35%19.00%1.24%
Spliced US IMI Health Care 25/500.48%–4.28% –3.26%–3.26%9.18%17.26% 10.16%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Industrials 25/500.69%8.06%20.43% 20.43%8.07%16.02%8.16%
Spliced US IMI Info Tech 25/501.34%1.24%13.85% 13.85%12.24%16.19%9.92%
Spliced US IMI Materials 25/50–0.10% 5.64%21.53%21.53%5.04%11.22%7.01%
Spliced US IMI Telecom Serv 25/507.27%6.80%22.45% 22.45%9.42%13.65%6.14%
Spliced US IMI Utilities 25/504.74%0.81%17.62% 17.62%12.48%10.83%7.27%
Spliced Value Index2.63%7.53%16.93%16.93% 9.51%15.04%6.00%
STAR Composite Index1.38%0.70%7.64%7.64% 4.62%8.40%5.48%
Target Retirement 2010 Composite Ix0.87%–0.85% 5.44%5.44%3.83%6.16%4.67%
Target Retirement 2015 Composite Ix1.15%–0.34% 6.40%6.40%4.27%7.43%4.90%
Target Retirement 2020 Composite Ix1.37%–0.01% 7.17%7.17%4.65%8.42%5.13%
Target Retirement 2025 Composite Ix1.53%0.32% 7.67%7.67%4.77%9.10%5.15%
Target Retirement 2030 Composite Ix1.68%0.67% 8.11%8.11%4.87%9.77%5.14%
Target Retirement 2035 Composite Ix1.83%1.02% 8.55%8.55%4.95%10.42%5.24%
Target Retirement 2040 Composite Ix1.98%1.38% 8.98%8.98%5.01%10.80%5.41%
Target Retirement 2045 Composite Ix2.02%1.48% 9.13%9.13%5.06%10.83%5.43%
Target Retirement 2050 Composite Ix2.02%1.48% 9.13%9.13%5.06%10.83%5.43%
Target Retirement 2055 Composite Ix2.02%1.48% 9.13%9.13%5.06%10.83%
Target Retirement 2060 Composite Ix2.02%1.48% 9.13%9.13%5.06%10.83%

BenchmarkReturns as of 12/31/2016Month End YTD
as of
12/31/2016
Average Annual Total
Returns as of 12/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement Income Compos. Ix0.85%–0.90% 5.35%5.35%3.71%5.10%4.94%
Tax-Exempt Money Mkt Funds Average0.04%0.09%0.12% 0.12%0.05%0.03%0.49%
Tax-Managed Balanced Compos. Index1.43%0.34%6.12% 6.12%6.04%8.69%6.15%
US Gov't Money Market Funds Average0.01%0.02% 0.02%0.02%0.01%0.00%0.61%
Wellesley Income Composite Index1.27%–0.03% 8.44%8.44%6.12%7.33%6.03%
Wellington Composite Index1.42%1.38%9.22% 9.22%7.23%10.77%6.47%

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