Benchmark Returns

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index1.09%6.33%3.63% 1.69%7.69%8.38%6.95%
Barclays 1 Year Municipal Index0.05%0.02%0.48% 0.87%0.71%0.80%2.06%
Barclays 1-15 Year Municipal Index0.05%0.74%2.12% 4.81%3.34%4.01%4.58%
Barclays 1-5 Year Municipal Index–0.09% –0.07%0.99%2.24%1.55%1.87%3.22%
Barclays CA Municipal Index0.29%1.38%2.66% 5.94%4.64%5.88%5.18%
Barclays GA ex-USD FlAj RIC CpIxHgd0.75%1.35% 4.07%4.70%4.85%
Barclays MA Municipal Index0.20%1.19%2.54% 5.76%4.07%4.73%4.98%
Barclays Municipal Bond Index0.27%1.33%2.70% 5.87%4.03%5.07%4.93%
Barclays Municipal CA Intermed Idx–0.10% 0.43%2.01%4.91%3.76%4.59%5.14%
Barclays NJ Municipal Index0.35%2.02%3.45% 7.57%3.83%5.26%4.90%
Barclays NY Municipal Index0.25%1.29%2.72% 5.82%4.20%4.87%4.89%
Barclays OH Municipal Index0.20%1.38%2.72% 6.13%4.60%5.22%4.66%
Barclays PA Municipal Index0.35%1.46%2.80% 6.20%4.41%5.32%5.12%
Barclays US 0-5 Year TIPS Index–0.12% 0.93%1.73%0.67%0.02%0.42%
Barclays US 1-3Yr Gov Flt Adj Idx–0.10% 0.11%0.83%0.74%0.78%0.73%
Barclays US 1-5 Year Credit Index–0.06% 1.48%2.13%1.77%1.96%2.44%4.24%
Barclays US 1-5 Year Treasury Index–0.15% 0.07%1.41%1.34%1.16%1.22%3.15%
Barclays US 1-5 Yr Corporate Index–0.06% 1.73%2.23%2.00%2.14%2.69%4.43%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Barclays US 1-5 Yr Government Index–0.15% 0.08%1.39%1.33%1.17%1.22%3.15%
Barclays US 10+ Year Corp Index–0.09% 7.78%9.49%5.55%5.48%7.16%7.72%
Barclays US 3-10Yr Gov Flt Adj Idx–0.17% –0.05%3.05%3.07%2.40%3.09%
Barclays US 5-10 Year Corp Index–0.09% 3.58%5.26%3.83%3.98%5.23%6.47%
Barclays US 5-10 Year Credit Index–0.09% 3.30%5.15%3.52%3.83%5.08%6.49%
Barclays US 5-10 Yr Treasury Index–0.14% –0.13%3.85%3.87%2.86%3.92%5.85%
Barclays US Agg Float Adj Index0.02%1.42%3.56% 3.00%2.88%3.35%
Barclays US GNMA Index0.12%0.50%1.99% 2.55%2.91%2.80%4.94%
Barclays US Long Credit A/Better Ix0.47%5.54% 8.91%7.82%6.28%7.69%7.58%
Barclays US Long Gov Flt Adj Idx0.79%0.30%8.39% 7.97%7.04%8.47%
Barclays US Long Treasury Index0.79%0.29%8.47% 8.09%7.13%8.58%8.21%
Barclays US MBS Float Adj Index0.14%0.60%2.16% 2.57%3.05%2.80%
Barclays US Treas Bellwether:1Yr Ix–0.04% 0.20%0.38%0.49%0.36%0.33%1.70%
Barclays US Trsy Inflat Prtcd Index–0.71% 1.43%4.08%1.23%0.38%2.38%4.56%
Barclays USD EmergMkt GovRIC Cap Ix–0.05% 4.84%6.48%4.03%3.45%
CA Tax-Exempt Money Mkt Funds Avg0.01%0.01%0.01% 0.02%0.01%0.01%0.65%
Citigroup 3-Month US T-Bill Idx (Daily)0.02%0.07% 0.10%0.12%0.06%0.06%
Conservative Growth Composite Index0.34%4.66% 3.35%0.83%5.16%5.38%5.50%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Convertibles Composite Index1.35%6.43%0.96% –5.63%6.20%6.21%6.02%
CRSP US Total Market Index1.78%9.64%3.41% 0.16%10.54%11.11%
Dividend Growth Spliced Index0.96%6.98%5.75% 3.34%8.98%10.07%6.59%
FTSE All-World ex US Index–1.57%9.38% 0.60%–10.87%0.75%0.52%2.65%
FTSE AW ex US High Div Yield Idx–1.88% 9.57%1.67%–12.30%–0.60% 0.07%2.49%
FTSE Emerging Index–3.63%10.28% 3.14%–17.96%–4.30%–4.33% 3.57%
FTSE Global All Cap Index Hdg.1.62%8.49%1.22% –4.71%7.70%7.93%5.55%
FTSE Global Small-Cap ex US Index–0.82% 10.42%2.97%–6.22%2.96%1.28%3.65%
FTSE High Dividend Yield Index1.49%8.87%6.42% 4.64%10.82%12.48%7.78%
Growth Composite Index0.43%7.97%2.83% –2.21%6.73%7.23%5.86%
High-Yield Corporate Composite Idx0.25%6.68%6.44% –0.23%3.22%5.43%6.87%
iMoneyNet MFR Treasury Funds Avg0.00%0.00%0.00% 0.00%0.00%0.00%0.75%
Income Composite Index0.29%3.02%3.56% 2.23%4.28%4.47%5.29%
Inst Money Market Funds Average0.02%0.06%0.09% 0.10%0.03%0.03%1.08%
Managed Payout Composite Index0.37%6.86%3.36% –1.70%4.52%4.67%
Moderate Growth Composite Index0.39%6.31%3.11% –0.65%5.97%6.48%5.88%
Money Market Funds Average0.01%0.01%0.01% 0.01%0.00%0.00%0.92%
MSCI US Broad Market Index1.83%9.65%3.37% 0.18%10.64%11.21%7.57%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
MSCI US Prime Market 750 Index1.81%9.35%3.29% 0.84%11.00%11.49%7.61%
MSCI US Small Cap 1750 Index2.02%12.24%4.35% –4.29%8.10%9.11%7.55%
NASDAQ Intl DividendAchieversSel Ix0.34%10.16% 3.95%
NASDAQ US Dividend Achievers Select0.96%6.98% 5.75%3.34%8.98%10.07%7.51%
NY Tax-Exempt Money Mkt Funds Avg0.01%0.01%0.01% 0.01%0.00%0.01%0.67%
REIT Spliced Index2.38%10.34%6.23%10.77% 10.28%10.30%7.39%
Russell 1000 Growth Index1.94%7.82%1.76% 1.61%12.50%12.11%8.78%
Russell 1000 Index1.75%9.43%3.51%0.78% 10.89%11.44%7.50%
Russell 1000 Value Index1.55%11.16%5.39% –0.06%9.23%10.70%6.11%
Russell 2000 Growth Index2.69%11.66%–1.14% –9.13%7.68%8.15%7.20%
Russell 2000 Index2.25%12.15%2.28%–5.97% 6.93%7.86%6.27%
Russell 2000 Value Index1.83%12.61%5.76% –2.75%6.10%7.55%5.25%
Russell 2500 Growth Index2.48%11.43%0.71% –7.31%8.89%9.03%7.99%
Russell 2500 Value Index1.77%12.99%7.20% –1.43%7.56%8.89%6.52%
Russell 3000 Growth Index2.00%8.09%1.54% 0.74%12.12%11.79%8.65%
Russell 3000 Index1.79%9.63%3.41%0.22% 10.57%11.15%7.39%
Russell 3000 Value Index1.58%11.27%5.41% –0.28%8.98%10.44%6.03%
Russell Midcap Growth Index1.64%8.83%2.17% –3.70%10.08%9.63%8.08%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Russell Midcap Value Index1.64%13.40%7.89% –0.31%10.22%10.92%7.76%
S&P 500 Growth Index2.67%8.18%1.91%2.62% 12.88%12.72%9.00%
S&P 500 Index1.80%9.12%3.57%1.72% 11.06%11.67%7.41%
S&P 500 Value Index0.91%10.10%5.31%0.45% 9.00%10.51%5.71%
S&P Completion Index1.77%12.01%2.56% –6.15%8.05%8.83%7.42%
S&P EPAC SmallCap Index0.10%10.76%1.72% –1.23%7.71%5.37%4.32%
S&P Global ex U.S. Property Index–2.57% 9.10%4.11%–4.86%1.61%4.13%
S&P MidCap 400 Growth Index3.29%11.15%5.29% –0.10%9.73%9.63%9.26%
S&P MidCap 400 Index2.31%12.38%7.48% –0.42%9.69%10.00%8.51%
S&P MidCap 400 Value Index1.42%13.62%9.73% –0.96%9.49%10.30%7.69%
S&P National AMT-Free Muni Bond Idx0.30%1.48% 2.65%5.99%3.69%4.83%
S&P SmallCap 600 Growth Index2.80%10.40%3.49% 0.51%10.73%10.48%8.54%
S&P SmallCap 600 Index1.66%11.28%5.59% 0.39%9.95%10.66%7.79%
S&P SmallCap 600 Value Index0.50%12.24%7.91% 0.38%9.15%10.86%7.04%
Spl Barclays US 5-10Yr G/Cr Flt Adj–0.11% 1.47%4.46%3.70%3.34%4.50%6.11%
Spl Barclays US1-5YrGov/Cr FlAdj Ix–0.12% 0.56%1.65%1.49%1.42%1.58%3.44%
Spl Barclays USLongGv/Cr Flt Adj Ix0.32%4.44% 8.97%6.24%5.94%7.73%7.96%
Spl Total International Stock Index–1.49% 9.49%0.85%–10.39%0.99%0.59%2.09%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Barclays USAgg Float Adj Ix0.02%1.42% 3.56%3.00%2.88%3.35%4.98%
Spliced Developed ex US Index–1.04% 9.20%–0.33%–8.73%2.39%2.39% 2.06%
Spliced Emerging Markets Index–3.62% 9.77%2.32%–18.52%–4.52% –4.61%3.16%
Spliced Energy Index–2.95%15.18% 11.56%–13.29%–6.41%–5.12% 0.93%
Spliced Equity Income Index1.49%8.87%6.42% 4.64%10.82%12.48%7.71%
Spliced European Stock Index–0.31% 8.71%–0.32%–9.09%2.37%1.93% 2.21%
Spliced Extended Market Index1.77%12.01%2.56% –6.15%8.05%8.83%7.42%
Spliced Glbl Custom Metals & Mining–12.40% 17.26%38.30%–11.21%–10.64% –16.05%–2.11%
Spliced Global Equity Index0.13%9.13%1.85% –5.42%5.20%5.17%4.35%
Spliced Growth Index2.46%8.95%2.06%0.57% 12.08%12.04%8.77%
Spliced Health Care Index1.31%7.26%–2.40% –6.64%12.01%13.24%9.56%
Spliced Inst Total Stock Market Idx1.78%9.64% 3.41%0.16%10.54%11.16%7.55%
Spliced International Index–1.69%9.10% 0.52%–11.39%0.19%0.12%0.86%
Spliced Large Cap Index1.77%9.22%3.31% 0.98%10.90%11.44%7.59%
Spliced Mega Cap Growth Index2.30%8.56%1.89% 1.13%12.39%12.62%8.95%
Spliced Mega Cap Index1.76%8.96%3.25% 1.72%10.99%11.72%7.54%
Spliced Mega Cap Value Index1.29%9.30%4.41% 2.24%9.95%10.94%6.14%
Spliced Mid Cap Growth Idx2.31%10.71%2.99% –3.94%9.99%9.00%7.49%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Mid Cap Index1.85%10.58%3.59% –2.59%10.42%10.10%7.82%
Spliced Mid Cap Value Index1.45%10.48%4.14% –1.39%10.75%11.06%7.89%
Spliced NJ Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.01%0.67%
Spliced OH Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.00%0.70%
Spliced PA Tax-Ex Money Mkt Fds Avg0.00%0.00% 0.00%0.01%0.01%0.01%0.68%
Spliced Pacific Stock Index–1.56%9.70% –1.13%–8.90%2.07%3.19%1.73%
Spliced Small and Mid Cap Index1.85%11.86%4.56% –2.71%9.90%9.98%7.84%
Spliced Small Cap Growth Index2.53%11.87%1.83% –7.16%6.90%7.95%7.77%
Spliced Small Cap Index1.93%12.38%4.73% –4.02%8.48%9.37%7.67%
Spliced Small Cap Value Index1.45%12.80%7.19% –1.33%9.79%10.45%7.31%
Spliced Social Index2.30%9.37%1.94%–0.72% 11.59%12.54%6.67%
Spliced Total Stock Market Index1.78%9.64%3.41% 0.16%10.54%11.15%7.54%
Spliced Total World Stock Index0.26%9.62%2.29% –4.97%5.75%5.61%
Spliced US IMI Consumer Discr 25/50–0.19% 6.56%1.40%1.92%12.56%15.19%10.25%
Spliced US IMI Consumer Stapl 25/500.85%4.70% 5.12%9.71%12.59%13.46%11.42%
Spliced US IMI Energy 25/50–1.60%20.51% 13.29%–12.49%–4.15%–1.47% 3.47%
Spliced US IMI Financials 25/502.52%13.37%1.17% 0.07%8.56%10.36%0.50%
Spliced US IMI Health Care 25/502.37%8.89%–1.77% –5.43%15.86%16.57%11.44%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced US IMI Industrials 25/50–0.01% 8.80%5.85%1.84%10.65%10.82%7.34%
Spliced US IMI Info Tech 25/505.44%9.39%2.08% 1.42%14.57%12.57%10.02%
Spliced US IMI Materials 25/50–0.24% 14.73%9.95%–4.93%6.80%5.71%7.08%
Spliced US IMI Telecom Serv 25/50–0.08% 5.32%10.78%9.50%10.07%8.73%7.47%
Spliced US IMI Utilities 25/501.60%7.85%14.91% 14.90%13.25%12.13%8.86%
Spliced Value Index1.16%9.45%4.41%1.33% 9.92%10.87%6.36%
STAR Composite Index0.49%6.45%2.89%–0.76% 5.89%6.40%6.00%
Target Retirement 2010 Composite Ix0.27%4.05% 3.10%0.70%4.77%5.28%
Target Retirement 2015 Composite Ix0.33%5.25% 3.07%–0.15%5.50%5.92%5.58%
Target Retirement 2020 Composite Ix0.38%6.17% 3.10%–0.67%6.09%6.54%
Target Retirement 2025 Composite Ix0.40%6.83% 3.02%–1.21%6.39%6.84%5.82%
Target Retirement 2030 Composite Ix0.42%7.45% 2.91%–1.79%6.67%7.11%
Target Retirement 2035 Composite Ix0.43%8.07% 2.80%–2.39%6.94%7.37%5.88%
Target Retirement 2040 Composite Ix0.45%8.70% 2.69%–3.00%7.08%7.56%
Target Retirement 2045 Composite Ix0.45%8.80% 2.67%–3.01%7.08%7.56%5.99%
Target Retirement 2050 Composite Ix0.45%8.80% 2.67%–3.01%7.08%7.56%
Target Retirement 2055 Composite Ix0.45%8.80% 2.67%–3.01%7.08%7.56%
Target Retirement 2060 Composite Ix0.45%8.80% 2.67%–3.01%7.08%

BenchmarkReturns as of 05/31/2016Month End YTD
as of
05/31/2016
Average Annual Total
Returns as of 05/31/2016
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement Income Compos. Ix0.26%3.76% 3.12%1.05%4.19%4.80%5.41%
Tax-Exempt Money Mkt Funds Average0.00%0.00%0.00% 0.01%0.01%0.01%0.65%
Tax-Managed Balanced Compos. Index0.91%5.04%2.95% 3.16%7.30%8.02%6.65%
US Gov't Money Market Funds Average0.00%0.00% 0.00%0.00%0.00%0.00%0.87%
Wellesley Income Composite Index0.56%4.73%5.22% 4.58%6.22%7.30%6.69%
Wellington Composite Index1.19%6.79%3.96% 2.82%8.55%9.25%7.00%

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