Benchmark Returns

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index–3.85%–3.20% 7.00%12.52%3.66%6.09%7.55%
Bloomberg 1 Year Municipal Index–0.41% –0.09%1.05%2.29%0.11%1.04%0.88%
Bloomberg 1-15 Year Municipal Index–2.25% –2.85%–1.05%2.50%–1.66% 1.25%1.98%
Bloomberg 1-5 Year Municipal Index–1.10% –1.18%–0.14%2.07%–0.98% 0.97%1.11%
Bloomberg CA Municipal Index–2.87% –3.61%–1.25%2.95%–2.27% 1.06%2.42%
Bloomberg Commodity Index TR–0.69% 4.71%–3.44%–1.30%16.23% 6.13%–0.75%
Bloomberg GA Credit Idx Hedged USD–1.85% –1.62%1.33%4.15%–4.10%0.82% 2.21%
Bloomberg GA ex-USD FlAdjRIC Cp Hgd–1.49% –1.29%2.22%2.31%–4.06%0.14% 2.01%
Bloomberg MA Municipal Index–2.81% –3.87%–1.76%2.20%–2.68% 0.89%2.05%
Bloomberg Municipal Bond Index–2.93% –3.95%–1.38%2.66%–2.30% 1.05%2.29%
Bloomberg Municipal CA Intermed Idx–2.26% –2.90%–1.44%2.40%–2.12% 1.03%1.85%
Bloomberg NJ Municipal Index–2.71% –3.43%0.04%4.30%–1.04%1.93% 2.95%
Bloomberg NY Municipal Index–3.15% –4.45%–1.22%3.11%–2.08% 0.87%2.12%
Bloomberg OH Municipal Index–2.88% –3.99%–1.77%2.14%–2.76% 0.90%2.27%
Bloomberg PA Municipal Index–2.80% –3.90%–1.06%2.85%–2.35% 1.26%2.49%
Bloomberg US 0-5 Year TIPS Index–0.18% 0.43%1.92%3.24%1.90%2.80%1.71%
Bloomberg US 1-5 Year Credit Index–0.49% 0.25%1.90%3.72%–1.14%1.60%1.67%
Bloomberg US 1-5 Year Treasury Idx–0.38% 0.17%1.12%2.07%–1.88%0.90%0.79%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Bloomberg US 1-5 Yr Corporate Index–0.52% 0.25%2.01%4.00%–1.04%1.72%1.82%
Bloomberg US 1-5 Yr Government Idx–0.37% 0.19%1.16%2.10%–1.86%0.90%0.80%
Bloomberg US 10+ Year Corp Index–5.26% –7.23%–2.71%2.55%–9.05% –0.16%2.74%
Bloomberg US 5-10 Year Corp Index–2.59% –2.69%0.37%4.18%–4.47%1.38% 2.48%
Bloomberg US 5-10 Year Credit Index–2.57% –2.71%0.26%3.89%–4.51%1.30% 2.38%
Bloomberg US 5-10 Yr Treasury Index–2.38% –3.14%–1.76%–0.60% –6.15%0.20%0.87%
Bloomberg US Agg Float Adj Index–2.46% –3.11%–1.06%0.78%–5.18% 0.18%1.16%
Bloomberg US GNMA Index–3.09%–3.77% –1.77%0.29%–4.64%–0.68% 0.58%
Bloomberg US Long Treasury Index–7.29% –11.83%–8.55%–9.09% –15.73%–2.78%0.75%
Bloomberg US LongCredit A/Better Ix–5.52% –7.68%–3.47%0.86%–10.15% –0.69%2.41%
Bloomberg US MBS Float Adj Index–3.05% –3.84%–2.01%0.13%–4.87% –0.69%0.62%
Bloomberg US Treas Bellwether:1Yr0.36%1.29%3.11% 3.88%1.02%1.69%1.17%
Bloomberg US Trsy Inflat Prtcd Idx–1.85% –2.60%–0.78%1.25%–1.98% 2.12%1.74%
Bloomberg US Universal Index–2.38% –2.88%–0.62%1.61%–4.68% 0.34%1.43%
Bloomberg USD EmergMkt GovRIC CapIx–3.03% –2.87%0.61%8.70%–4.66%–0.28% 2.16%
CA Tax-Exempt Money Mkt Funds Avg
Communication Services Spliced Idx–3.63% –0.86%28.67%28.84%1.99%4.86%5.11%
Conservative Growth Composite Index–2.94% –2.83%3.87%8.88%0.20%3.26%4.54%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Consumer Discretionary Spliced Idx–5.80% –4.56%24.06%15.97%5.64%9.77%12.13%
CRSP US Total Market Index–4.79%–3.30% 12.34%20.37%9.26%9.07%11.24%
Dividend Growth Spliced Index–4.28% –3.90%3.85%17.43%8.57%9.14%10.63%
FTSE All-World ex US Index–3.03%–3.39% 5.56%20.67%4.23%3.00%3.75%
FTSE All-World Index–4.01%–3.17% 10.28%21.33%7.30%6.83%7.97%
FTSE AW ex US High Div Yield Idx–0.77% –0.13%8.00%24.78%11.39%4.34%3.84%
FTSE Emerging Index–1.95%–1.63% 1.99%10.67%–0.31%1.82%2.76%
FTSE Global All Cap Index Hdg.–3.37% –2.07%11.76%20.36%9.39%8.08%9.44%
FTSE Global Small-Cap ex US Index–4.03% –2.75%4.74%17.90%3.16%1.54%3.37%
FTSE High Dividend Yield Index–3.34% –1.91%–2.33%12.48%11.91% 6.89%9.47%
Global Wellesley Income Comp Index–1.94% –1.56%1.88%9.29%1.39%2.70%
Global Wellington Composite Index–3.42% –2.78%7.66%15.75%3.97%5.31%
Growth Composite Index–3.72%–3.12% 7.78%16.74%5.13%5.86%7.37%
High-Yield Corporate Composite Idx–1.21% 0.17%4.81%9.40%1.12%3.16%4.09%
iMoneyNet MFR Treasury Funds Avg
Income Composite Index–2.55%–2.69% 1.91%5.04%–2.30%1.77%3.00%
Information Technology Spliced Idx–6.54% –6.03%30.72%36.29%10.99%16.67%19.30%
JP Morgan EMBI Global Diversified–2.60% –2.23%1.76%10.01%–4.56% –0.35%2.47%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Moderate Growth Composite Index–3.33% –2.97%5.83%12.78%2.68%4.62%5.99%
MSCI AC World Growth ex US–5.28%–7.31% 2.61%15.84%–1.86%2.54%3.92%
MSCI AC World Index ex USA Net–3.16% –3.77%5.34%20.39%3.74%2.58%3.35%
MSCI AC World Index Net–4.14%–3.40% 10.06%20.80%6.89%6.46%7.56%
MSCI All Country World Index Value–2.63% –1.76%2.42%16.98%9.72%3.97%5.27%
MSCI US Broad Market Index–4.80%–3.28% 12.55%20.67%9.58%9.26%11.37%
MSCI US Prime Market 750 Index–4.72% –3.17%13.38%21.49%9.51%9.77%11.78%
MSCI US Small Cap 1750 Index–5.82% –4.55%3.91%12.17%10.49%4.53%7.83%
Multi-Sector Income Bond Composite Index–1.63% –0.88%2.63%7.19%
NY Tax-Exempt Money Mkt Funds Avg
Real Estate Spliced Index–7.33%–8.50% –5.26%–1.14%2.45%2.54%5.62%
Russell 1000 Growth Index–5.44%–3.13% 24.98%27.72%7.97%12.42%14.48%
Russell 1000 Index–4.70%–3.15% 13.01%21.19%9.53%9.63%11.63%
Russell 1000 Value Index–3.86%–3.16% 1.79%14.44%11.05%6.23%8.45%
Russell 2000 Growth Index–6.60%–7.32% 5.24%9.59%1.09%1.55%6.72%
Russell 2000 Index
Russell 2000 Value Index–5.21%–2.96% –0.53%7.84%13.32%2.59%6.19%
Russell 2500 Growth Index–6.02%–6.84% 5.63%10.61%1.01%4.05%8.37%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Russell 2500 Value Index–5.35%–3.66% 1.95%11.34%13.32%3.99%6.95%
Russell 3000 Index–4.76%–3.25% 12.39%20.46%9.38%9.14%11.28%
Russell Midcap Growth Index–4.87%–5.22% 9.88%17.47%2.61%6.97%9.94%
Russell Midcap Value Index–5.09%–4.46% 0.54%11.05%10.98%5.18%7.92%
S&P 500 Growth Index–4.87%–2.59% 18.11%19.82%6.80%10.44%13.46%
S&P 500 Index–4.77%–3.27% 13.07%21.62%10.15%9.92%11.91%
S&P 500 Value Index–4.64%–4.09% 7.56%22.19%13.39%8.41%9.64%
S&P Completion Index–4.89%–3.38% 8.76%14.28%4.58%4.40%7.80%
S&P Global ex U.S. Property Index–3.87% –1.98%–5.97%3.14%–4.78% –3.85%–0.18%
S&P MidCap 400 Growth Index–4.80%–3.24% 6.86%16.21%7.62%5.63%8.89%
S&P MidCap 400 Index–5.26%–4.20% 4.27%15.51%12.05%6.06%8.94%
S&P MidCap 400 Value Index–5.75%–5.23% 1.56%14.50%16.69%6.06%8.64%
S&P National AMT-Free Muni Bond Idx–2.72% –3.62%–0.98%2.88%–1.98% 1.15%2.27%
S&P SmallCap 600 Growth Index–5.65% –4.26%2.47%9.62%8.79%2.91%8.55%
S&P SmallCap 600 Index–6.00%–4.93% 0.81%10.08%12.10%3.21%8.15%
S&P SmallCap 600 Value Index–6.34% –5.60%–0.83%10.26%15.38% 3.23%7.58%
S&P U.S. Dividend Growers Index TR–4.28% –3.90%3.85%17.43%
Spl Bloomberg US 5-10Yr G/Cr FltAdj–2.46% –2.95%–0.90%1.27%–5.36% 0.78%1.63%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spl Bloomberg US Long Treasury Idx–7.29% –11.83%–8.55%–9.09% –15.73%–2.78%0.75%
Spl Bloomberg US Treas 1-3 Yr Idx–0.03% 0.71%1.69%2.44%–0.92%1.03%0.80%
Spl Bloomberg US Treas 3-10 Yr Idx–1.64% –1.91%–0.74%0.47%–4.81% 0.43%0.85%
Spl Bloomberg US1-5YrGov/Cr FlAdjIx–0.41% 0.21%1.40%2.62%–1.62%1.14%1.10%
Spl Bloomberg USLongGv/Cr FltAdj Ix–6.22% –9.37%–5.40%–2.93% –11.90%–1.21%1.94%
Spl S&P Global Ex-US Dividend Growers Idx USD NTR–3.68% –4.09%4.23%17.16%3.81%5.26%
Spl Total International Stock Index–3.12% –3.33%5.48%20.40%4.13%2.86%3.72%
Spliced Bloomberg USAgg Flt AdjIx–2.46% –3.11%–1.06%0.78%–5.18% 0.18%1.16%
Spliced Developed ex US Index–3.54% –3.97%6.44%23.77%5.49%3.21%4.05%
Spliced Emerging Markets Index–1.90% –1.48%2.60%11.00%0.28%2.24%2.63%
Spliced Energy Index–0.06%3.42% 1.60%16.81%18.06%–3.11%–1.06%
Spliced Equity Income Index–3.34%–1.91% –2.33%12.48%11.91%6.89%9.47%
Spliced European Stock Index–4.10% –5.02%7.63%28.88%6.75%3.81%3.99%
Spliced Extended Market Index–4.89% –3.38%8.76%14.28%4.58%4.40%7.80%
Spliced Global Capital Cycles Index–3.72% –3.73%4.92%17.58%6.47%6.90%2.75%
Spliced Global Equity Index–4.14%–3.40% 10.06%20.80%6.89%6.46%7.56%
Spliced Growth Index–5.76%–3.68% 28.35%28.16%6.79%11.98%13.61%
Spliced Health Care Index–3.17%–2.69% –2.21%10.65%5.02%6.55%8.99%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Inst Total Stock Market Idx–4.79% –3.30%12.34%20.37%9.26%9.07%11.24%
Spliced International Explorer Index–4.42% –3.51%1.82%17.90%–0.26% –0.21%3.77%
Spliced International Index–3.16%–3.77% 5.34%20.39%3.74%2.58%3.35%
Spliced Large Cap Index–4.65%–3.07% 13.69%21.75%9.39%9.82%11.78%
Spliced Market Neutral Index USD0.45%1.38%3.80% 4.71%1.78%1.74%1.11%
Spliced Mega Cap Growth Index–5.84% –3.48%32.40%31.08%7.58%12.91%14.48%
Spliced Mega Cap Index–4.61%–2.67% 15.95%23.68%9.83%10.48%12.32%
Spliced Mega Cap Value Index–2.97% –1.70%0.53%15.90%12.59%7.72%10.14%
Spliced Mid Cap Growth Idx–5.19%–5.27% 8.91%15.12%3.27%7.22%9.51%
Spliced Mid Cap Index–4.89%–5.06% 3.30%12.63%7.28%6.51%9.08%
Spliced Mid Cap Value Index–4.59%–4.85% –1.56%10.37%11.36%5.44%8.43%
Spliced Pacific Stock Index–2.88%–2.52% 5.52%20.68%2.67%1.69%3.82%
Spliced S&P U.S. Dividend Growers Index TR–4.28% –3.90%3.85%17.43%8.57%9.14%10.63%
Spliced Small and Mid Cap Index–5.44% –4.88%2.66%11.71%8.93%5.84%8.91%
Spliced Small Cap Growth Index–6.57% –6.63%7.21%10.43%0.37%3.30%7.28%
Spliced Small Cap Index–5.63%–4.64% 4.12%12.40%8.66%4.57%7.96%
Spliced Small Cap Value Index–4.90% –3.09%2.01%13.86%15.32%4.90%8.14%
Spliced Social Index–4.99%–3.49% 16.54%22.58%8.32%10.10%12.39%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Total Stock Market Index–4.79% –3.30%12.34%20.37%9.26%9.07%11.24%
Spliced Total World Stock Index–4.10% –3.22%9.77%20.71%7.24%6.51%7.79%
Spliced U.S. Government Money Market Funds Average
Spliced US IMI Consumer Stapl 25/50–4.56% –5.58%–3.02%9.04%6.41%8.19% 8.73%
Spliced US IMI Energy 25/502.40%13.10%7.21% 29.70%52.65%8.19%4.27%
Spliced US IMI Financials 25/50–3.18% –0.53%–1.17%10.80%13.76% 5.50%9.39%
Spliced US IMI Health Care 25/50–3.51% –3.73%–4.26%6.79%6.33%7.08% 11.37%
Spliced US IMI Industrials 25/50–5.77% –4.78%7.82%25.77%12.03%7.45%10.09%
Spliced US IMI Materials 25/50–5.04% –4.76%2.80%18.71%10.76%7.80%8.40%
Spliced US IMI Utilities 25/50–5.68% –9.52%–14.71%–7.23% 2.89%4.88%8.08%
Spliced Value Index–3.28%–2.33% 0.15%14.85%12.45%7.32%9.87%
STAR Composite Index–3.39%–2.89% 6.51%13.57%3.74%5.36%6.47%
Target Retirement 2020 Composite Ix–2.72% –2.47%4.34%9.68%1.73%3.95%5.54%
Target Retirement 2025 Composite Ix–3.11% –2.77%5.41%11.91%2.58%4.50%6.13%
Target Retirement 2030 Composite Ix–3.39% –2.98%6.16%13.51%3.39%4.91%6.62%
Target Retirement 2035 Composite Ix–3.53% –3.04%6.89%14.99%4.31%5.37%7.14%
Target Retirement 2040 Composite Ix–3.68% –3.10%7.62%16.48%5.23%5.82%7.62%
Target Retirement 2045 Composite Ix–3.83% –3.15%8.35%17.97%6.14%6.30%7.96%

BenchmarkReturns as of 09/30/2023Month End YTD
as of
09/30/2023
Average Annual Total
Returns as of 09/30/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement 2050 Composite Ix–3.92% –3.20%8.75%18.74%6.34%6.43%8.03%
Target Retirement 2055 Composite Ix–3.92% –3.20%8.75%18.74%6.34%6.43%8.03%
Target Retirement 2060 Composite Ix–3.92% –3.20%8.75%18.74%6.34%6.43%8.03%
Target Retirement 2065 Composite Ix–3.92% –3.20%8.75%18.74%6.34%6.43%
Target Retirement 2070 Composite Index–3.92% –3.20%8.75%18.74%6.34%6.43%7.86%
Target Retirement Income Compos. Ix–2.42% –2.26%3.23%7.31%0.10%2.97%3.84%
Tax-Exempt Money Mkt Funds Average
Tax-Managed Balanced Compos. Index–3.47% –2.97%5.92%11.87%4.21%5.98%7.12%
US Gov't Money Market Funds Average
Wellesley Income Composite Index
Wellington Composite Index–4.00%–3.20% 8.24%14.75%4.73%6.87%8.48%

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