Benchmark Returns

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index5.59%1.91%5.59% –0.06%9.44%7.42%10.86%
BloomBarc 1 Year Municipal Index0.31%1.00%0.31% 1.77%0.99%0.88%1.14%
BloomBarc 1-15 Year Municipal Index0.85%3.00% 0.85%3.34%1.84%2.87%3.64%
BloomBarc 1-5 Year Municipal Index0.63%1.91%0.63% 2.33%1.18%1.39%2.05%
BloomBarc CA Municipal Index0.65%2.82%0.65% 3.00%2.02%3.63%4.98%
BloomBarc GA Credit Index Hedged1.79%2.89%1.79% 2.03%3.88%3.61%5.51%
BloomBarc GA ex-USD FlAdjRIC Cp Hgd1.08%2.71% 1.08%4.70%3.37%4.10%
BloomBarc MA Municipal Index0.68%3.21%0.68% 3.17%1.81%3.27%4.15%
BloomBarc Municipal Bond Index0.76%3.09%0.76% 3.26%2.15%3.57%4.55%
BloomBarc Municipal CA Intermed Idx1.02%3.34% 1.02%3.62%1.67%2.80%4.09%
BloomBarc NJ Municipal Index0.86%3.29%0.86% 4.23%3.40%3.98%4.76%
BloomBarc NY Municipal Index0.74%3.13%0.74% 3.00%1.97%3.45%4.38%
BloomBarc OH Municipal Index0.87%3.28%0.87% 3.39%2.15%3.72%4.78%
BloomBarc PA Municipal Index0.80%3.33%0.80% 3.59%2.41%3.77%4.62%
BloomBarc US 0-5 Year TIPS Index0.71%0.90%0.71% 1.58%1.48%0.70%
BloomBarc US 1-5 Year Credit Index1.00%2.01%1.00% 2.57%2.16%1.89%3.63%
BloomBarc US 1-5 Year Treasury Idx0.32%1.95%0.32% 2.45%0.81%1.04%1.43%
BloomBarc US 1-5 Yr Corporate Index1.15%2.02% 1.15%2.56%2.36%2.04%4.03%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
BloomBarc US 1-5 Yr Government Idx0.32%1.94%0.32% 2.44%0.83%1.05%1.48%
BloomBarc US 10+ Year Corp Index3.59%5.56%3.59% –2.64%6.16%4.99%8.32%
BloomBarc US 5-10 Year Corp Index2.62%3.90%2.62% 2.11%3.77%3.61%6.76%
BloomBarc US 5-10 Year Credit Index2.48%3.93% 2.48%2.15%3.60%3.54%6.47%
BloomBarc US 5-10 Yr Treasury Index0.67%4.27% 0.67%3.80%0.80%2.25%3.16%
BloomBarc US Agg Float Adj Index1.08%3.51%1.08% 2.17%1.99%2.42%
BloomBarc US GNMA Index0.82%3.56%0.82% 2.97%1.37%2.14%3.25%
BloomBarc US Long Treasury Index0.67%8.19%0.67% 2.12%1.14%4.94%5.10%
BloomBarc US LongCredit A/Better Ix2.92%6.02% 2.92%–1.68%4.60%5.12%7.59%
BloomBarc US MBS Float Adj Index0.79%3.45%0.79% 2.95%1.53%2.27%
BloomBarc US Treas Bellwether:1Yr0.28%0.82%0.28% 2.11%1.15%0.83%0.70%
BloomBarc US Trsy Inflat Prtcd Idx1.35%2.39%1.35% 0.93%2.07%1.57%3.61%
BloomBarc USD EmergMkt GovRIC CapIx3.35%4.74% 3.35%0.88%6.35%5.22%
CA Tax-Exempt Money Mkt Funds Avg0.08%0.27%0.08% 0.85%0.43%0.26%0.14%
Communication Services Spliced Idx10.51%0.78% 10.51%–8.89%1.70%3.22%8.92%
Conservative Growth Composite Index3.90%2.80% 3.90%–0.64%6.54%5.09%7.59%
Consumer Discretionary Spliced Idx10.07%2.70% 10.07%–0.68%14.42%11.78%20.64%
Convertibles Composite Index5.63%2.48%5.63% 2.43%10.15%6.25%12.01%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
CRSP US Total Market Index8.63%0.57%8.63% –2.20%14.24%10.41%
Dividend Growth Spliced Index6.31%1.01%6.31% –0.83%13.44%10.17%14.11%
FTSE All-World ex US Index7.45%3.57%7.45% –12.52%9.68%3.47%8.79%
FTSE AW ex US High Div Yield Idx6.91%3.00%6.91% –11.51%9.95%2.57%8.87%
FTSE Emerging Index8.24%9.82%8.24%–13.82% 14.50%5.17%9.84%
FTSE Global All Cap Index Hdg.7.50%1.05%7.50% –4.11%11.79%8.53%12.26%
FTSE Global Small-Cap ex US Index7.82%2.48%7.82% –16.37%8.53%2.85%10.67%
FTSE High Dividend Yield Index6.14%0.33%6.14% –4.07%11.90%10.10%14.58%
Global Wellesley Income Comp Index3.24%2.35%3.24% –1.78%
Global Wellington Composite Index5.60%1.78%5.60% –3.31%
Growth Composite Index6.75%2.20%6.75% –4.39%10.58%7.09%11.25%
High-Yield Corporate Composite Idx4.15%2.04%4.15% 2.05%7.76%4.37%9.22%
iMoneyNet MFR Treasury Funds Avg0.16%0.46%0.16% 1.40%0.61%0.37%0.18%
Income Composite Index2.48%3.05%2.48% 1.17%4.48%4.01%5.76%
Information Technology Spliced Idx7.98%–2.45% 7.98%3.03%22.45%17.07%19.92%
JP Morgan EMBI Global Diversified4.41%5.37%4.41% 0.01%6.74%5.85%8.53%
Managed Payout Composite Index5.53%2.20%5.53% –3.14%8.54%5.47%9.05%
Moderate Growth Composite Index5.32%2.52%5.32% –2.49%8.57%6.12%9.55%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Money Market Funds Average0.19%0.51%0.19% 1.63%0.81%0.48%0.25%
MSCI US Broad Market Index8.65%0.46%8.65% –2.27%14.22%10.45%15.22%
MSCI US Prime Market 750 Index8.33%0.47%8.33% –2.16%14.19%10.85%15.13%
MSCI US Small Cap 1750 Index11.64%0.52%11.64% –3.21%14.31%7.44%15.83%
NASDAQ Intl DividendAchieversSel Ix6.31%4.94% 6.31%–9.13%8.54%
NASDAQ US Dividend Achievers Select6.31%1.01% 6.31%–0.83%13.44%10.17%13.45%
NY Tax-Exempt Money Mkt Funds Avg0.08%0.28%0.08% 0.89%0.45%0.27%0.15%
Real Estate Spliced Index11.76%7.73%11.76% 9.77%7.48%9.01%15.51%
Russell 1000 Growth Index8.99%0.68%8.99% 0.24%16.60%12.97%16.86%
Russell 1000 Index8.38%0.51%8.38%–2.17% 14.14%10.68%15.17%
Russell 1000 Value Index7.78%0.34%7.78% –4.81%11.62%8.33%13.39%
Russell 2000 Growth Index11.55%0.06%11.55% –2.63%15.55%7.83%15.68%
Russell 2000 Index11.25%–0.41% 11.25%–3.52%14.71%7.26%14.52%
Russell 2000 Value Index10.94%–0.90% 10.94%–4.51%13.76%6.62%13.28%
Russell 2500 Growth Index11.91%1.65%11.91% –1.37%16.21%9.02%16.78%
Russell 2500 Value Index11.18%0.75%11.18% –3.78%12.77%6.96%14.21%
Russell 3000 Growth Index9.18%0.63%9.18% 0.03%16.51%12.57%16.77%
Russell 3000 Index8.58%0.45%8.58%–2.26% 14.19%10.41%15.12%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Russell 3000 Value Index8.00%0.26%8.00% –4.76%11.79%8.20%13.39%
Russell Midcap Growth Index11.49%3.95%11.49% 0.51%15.60%10.26%16.92%
Russell Midcap Value Index10.29%1.08%10.29% –5.43%11.67%7.90%15.39%
S&P 500 Growth Index7.51%–0.25% 7.51%0.25%15.53%12.84%16.23%
S&P 500 Index8.01%0.26%8.01%–2.31% 14.02%10.96%15.00%
S&P 500 Value Index8.57%0.87%8.57%–5.08% 12.07%8.70%13.59%
S&P Completion Index11.60%1.40%11.60% –2.35%14.89%7.89%15.80%
S&P EPAC SmallCap Index7.66%0.02%7.66% –16.73%8.62%4.74%11.43%
S&P Global ex U.S. Property Index9.52%11.27%9.52% –6.25%10.39%5.73%
S&P MidCap 400 Growth Index9.30%0.23%9.30% –6.08%12.72%8.72%16.15%
S&P MidCap 400 Index10.46%1.02%10.46% –4.53%13.49%8.63%15.69%
S&P MidCap 400 Value Index11.70%1.88%11.70% –2.85%13.99%8.28%15.10%
S&P National AMT-Free Muni Bond Idx0.74%3.00% 0.74%2.82%2.01%3.40%4.32%
S&P SmallCap 600 Growth Index9.08%–1.42% 9.08%1.04%16.19%10.32%17.26%
S&P SmallCap 600 Index10.64%–1.26% 10.64%–1.25%15.64%9.37%16.33%
S&P SmallCap 600 Value Index12.30%–0.95% 12.30%–3.29%15.14%8.39%15.42%
Spl BloomBarc US 5-10Yr G/Cr FltAdj1.49%4.10% 1.49%3.01%2.14%2.88%4.79%
Spl BloomBarc US Long Treasury Idx0.67%8.19%0.67% 2.12%1.20%4.92%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spl BloomBarc US Treas 1-3 Yr Idx0.27%1.44%0.27% 2.15%0.84%0.84%
Spl BloomBarc US Treas 3-10 Yr Idx0.55%3.54%0.55% 3.38%0.82%1.86%
Spl BloomBarc US1-5YrGov/Cr FlAdjIx0.55%1.96% 0.55%2.48%1.29%1.34%2.13%
Spl BloomBarc USLongGv/Cr FltAdj Ix2.24%6.61% 2.24%–0.51%4.07%5.00%6.79%
Spl Total International Stock Index7.48%3.46% 7.48%–12.92%9.57%3.41%8.45%
Spliced BloomBarc USAgg Flt AdjIx1.08%3.51%1.08% 2.17%1.99%2.42%3.70%
Spliced Developed ex US Index7.34%1.84%7.34% –12.55%8.38%3.17%8.36%
Spliced Emerging Markets Index7.91%9.53%7.91% –15.12%13.10%4.34%9.23%
Spliced Energy Index10.39%–2.76% 10.39%–8.01%10.38%–1.24% 3.11%
Spliced Equity Income Index6.14%0.33%6.14% –4.07%11.90%10.10%14.58%
Spliced European Stock Index6.89%0.71%6.89% –13.95%7.11%1.87%8.35%
Spliced Extended Market Index11.60%1.40%11.60% –2.35%14.89%7.89%15.80%
Spliced Global Capital Cycles Index8.58%4.47% 8.58%–19.21%21.87%–1.07% 3.02%
Spliced Global Equity Index7.90%1.76%7.90% –7.48%11.62%6.72%11.28%
Spliced Growth Index9.33%0.58%9.33%–1.13% 15.09%11.68%16.16%
Spliced Health Care Index5.15%1.94%5.15% 1.18%9.09%8.38%12.83%
Spliced Inst Total Stock Market Idx8.63%0.57% 8.63%–2.20%14.24%10.41%15.20%
Spliced International Index7.56%3.66%7.56% –12.58%9.59%3.11%7.40%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Large Cap Index8.15%0.49%8.15% –2.29%14.17%10.83%15.11%
Spliced Market Neutral Index USD0.20%0.59%0.20% 1.96%1.05%0.63%0.36%
Spliced Mega Cap Growth Index8.91%–0.25% 8.91%–1.49%15.58%12.25%16.24%
Spliced Mega Cap Index7.66%0.17%7.66% –1.95%14.44%11.22%14.95%
Spliced Mega Cap Value Index6.52%0.43%6.52% –2.52%13.35%10.31%13.76%
Spliced Mid Cap Growth Idx11.20%3.61%11.20% –0.02%14.10%9.45%15.97%
Spliced Mid Cap Index10.57%2.05%10.57% –3.82%12.91%8.91%15.90%
Spliced Mid Cap Value Index9.91%0.43%9.91% –7.25%11.79%8.36%15.74%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.09%0.29% 0.09%0.99%0.51%0.31%0.17%
Spliced PA Tax-Ex Money Mkt Fds Avg0.09%0.29% 0.09%0.99%0.51%0.31%0.17%
Spliced Pacific Stock Index6.74%3.02%6.74% –11.90%10.32%5.08%8.32%
Spliced Small and Mid Cap Index11.04%1.43%11.04% –2.80%14.22%8.75%16.18%
Spliced Small Cap Growth Index12.59%2.49%12.59% 2.18%16.34%7.97%16.60%
Spliced Small Cap Index11.86%1.60%11.86% –1.38%14.72%8.07%16.06%
Spliced Small Cap Value Index11.23%0.84%11.23% –4.31%13.34%8.13%15.41%
Spliced Social Index8.07%0.36%8.07%–0.86% 15.08%11.62%16.70%
Spliced Total Stock Market Index8.63%0.57%8.63% –2.20%14.24%10.41%15.19%
Spliced Total World Stock Index8.09%1.84%8.09% –7.43%12.03%7.02%11.72%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Consumer Stapl 25/505.35%–2.25% 5.35%–4.37%5.01%8.50%12.72%
Spliced US IMI Energy 25/5011.70%–6.05% 11.70%–13.22%5.60%–3.51% 4.59%
Spliced US IMI Financials 25/509.38%–0.46% 9.38%–10.39%15.79%10.74%14.90%
Spliced US IMI Health Care 25/505.94%2.45%5.94% 4.74%13.74%12.03%16.10%
Spliced US IMI Industrials 25/5011.36%2.74%11.36% –8.38%14.42%8.94%15.65%
Spliced US IMI Materials 25/507.35%2.19%7.35% –14.39%14.01%5.84%13.19%
Spliced US IMI Utilities 25/503.66%3.33%3.66% 11.90%11.08%11.07%11.38%
Spliced Value Index7.04%0.33%7.04%–3.38% 13.34%10.07%14.11%
STAR Composite Index5.57%2.19%5.57%–2.18% 8.94%6.24%9.78%
Target Retirement 2015 Composite Ix3.79%2.45% 3.79%–0.94%7.00%5.24%8.98%
Target Retirement 2020 Composite Ix4.76%2.45% 4.76%–2.01%8.23%5.96%9.95%
Target Retirement 2025 Composite Ix5.45%2.46% 5.45%–2.77%9.10%6.40%10.64%
Target Retirement 2030 Composite Ix5.98%2.34% 5.98%–3.47%9.86%6.77%11.29%
Target Retirement 2035 Composite Ix6.52%2.22% 6.52%–4.19%10.62%7.13%11.88%
Target Retirement 2040 Composite Ix7.06%2.10% 7.06%–4.91%11.36%7.45%12.18%
Target Retirement 2045 Composite Ix7.47%2.03% 7.47%–5.35%11.58%7.56%12.23%
Target Retirement 2050 Composite Ix7.47%2.03% 7.47%–5.35%11.58%7.56%12.23%
Target Retirement 2055 Composite Ix7.47%2.03% 7.47%–5.35%11.58%7.56%

BenchmarkReturns as of 01/31/2019Month End YTD
as of
01/31/2019
Average Annual Total
Returns as of 01/31/2019
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement 2060 Composite Ix7.47%2.03% 7.47%–5.35%11.58%7.56%
Target Retirement 2065 Composite Ix7.47%2.03% 7.47%–5.35%
Target Retirement Income Compos. Ix3.12%2.53% 3.12%0.05%5.35%4.20%6.66%
Tax-Exempt Money Mkt Funds Average0.09%0.30%0.09% 1.01%0.53%0.32%0.17%
Tax-Managed Balanced Compos. Index4.59%1.92%4.59% 0.94%8.05%6.96%9.65%
US Gov't Money Market Funds Average0.16%0.44% 0.16%1.33%0.58%0.35%0.18%
Wellesley Income Composite Index3.30%2.68%3.30% –0.29%6.00%5.59%8.46%
Wellington Composite Index5.83%1.64%5.83% –0.74%10.10%8.28%11.63%

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