Benchmark Returns

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Balanced Composite Index5.37%6.18%5.37% –7.79%5.44%6.38%8.26%
Bloomberg 1 Year Municipal Index0.84%1.95%0.84% 0.36%0.47%1.13%0.90%
Bloomberg 1-15 Year Municipal Index2.25%6.33% 2.25%–1.42%0.02%2.07%2.15%
Bloomberg 1-5 Year Municipal Index1.47%3.78%1.47% –0.45%0.17%1.40%1.29%
Bloomberg CA Municipal Index2.70%7.76%2.70% –2.80%–0.47%2.03%2.52%
Bloomberg Commodity Index TR–0.49% –0.27%–0.49%6.20%15.37% 5.92%–1.57%
Bloomberg GA Credit Idx Hedged USD3.18%6.67%3.18% –9.25%–2.54%1.16%2.36%
Bloomberg GA ex-USD FlAdjRIC Cp Hgd2.16%1.87% 2.16%–9.58%–3.55%0.47%2.13%
Bloomberg MA Municipal Index2.72%7.65%2.72% –3.15%–0.59%1.91%2.19%
Bloomberg Municipal Bond Index2.87%7.99%2.87% –3.25%–0.42%2.07%2.38%
Bloomberg Municipal CA Intermed Idx2.39%6.76% 2.39%–0.73%–0.14%1.96%2.15%
Bloomberg NJ Municipal Index3.32%8.65%3.32% –3.00%0.13%2.94%2.98%
Bloomberg NY Municipal Index3.27%8.82%3.27% –3.22%–0.52%1.87%2.29%
Bloomberg OH Municipal Index2.79%7.93%2.79% –3.60%–0.47%1.96%2.46%
Bloomberg PA Municipal Index3.02%8.09%3.02% –3.74%–0.41%2.28%2.64%
Bloomberg US 0-5 Year TIPS Index0.67%0.96%0.67% –1.55%2.57%2.76%1.41%
Bloomberg US 1-5 Year Credit Index1.49%3.60%1.49% –3.03%–0.21%1.65%1.69%
Bloomberg US 1-5 Year Treasury Idx1.11%2.26%1.11% –3.51%–0.78%0.97%0.80%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Bloomberg US 1-5 Yr Corporate Index1.58%3.89% 1.58%–2.95%–0.10%1.76%1.85%
Bloomberg US 1-5 Yr Government Idx1.10%2.25%1.10% –3.51%–0.78%0.96%0.80%
Bloomberg US 10+ Year Corp Index6.90%15.27%6.90% –15.75%–4.84%0.85%3.16%
Bloomberg US 5-10 Year Corp Index3.83%8.37%3.83% –8.12%–1.83%1.90%2.64%
Bloomberg US 5-10 Year Credit Index3.70%8.11% 3.70%–8.12%–1.91%1.82%2.51%
Bloomberg US 5-10 Yr Treasury Index2.72%4.99% 2.72%–8.37%–2.54%1.04%1.12%
Bloomberg US Agg Float Adj Index3.04%6.31%3.04% –8.40%–2.34%0.89%1.45%
Bloomberg US GNMA Index3.29%6.34%3.29% –6.69%–2.14%0.36%0.98%
Bloomberg US Long Treasury Index6.41%12.00%6.41% –21.47%–7.53%–0.32% 1.59%
Bloomberg US LongCredit A/Better Ix6.73%14.98% 6.73%–16.14%–5.31%0.48% 2.83%
Bloomberg US MBS Float Adj Index3.24%6.98%3.24% –7.27%–2.28%0.38%1.12%
Bloomberg US Treas Bellwether:1Yr0.46%1.29%0.46% 0.63%0.65%1.39%0.93%
Bloomberg US Trsy Inflat Prtcd Idx1.83%2.64%1.83% –8.38%1.12%2.66%1.37%
Bloomberg US Universal Index3.10%6.58%3.10% –8.28%–2.13%0.99%1.70%
Bloomberg USD EmergMkt GovRIC CapIx3.25%11.23% 3.25%–11.81%–4.36%–0.20%
CA Tax-Exempt Money Mkt Funds Avg
Communication Services Spliced Idx14.99%12.37% 14.99%–25.07%0.96%1.77%5.10%
Conservative Growth Composite Index4.59%7.53% 4.59%–7.59%1.93%3.41%5.04%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Consumer Discretionary Spliced Idx15.49%5.39% 15.49%–17.01%11.16%9.85%13.66%
CRSP US Total Market Index6.90%5.89%6.90% –8.42%9.42%9.05%12.25%
Dividend Growth Spliced Index2.90%5.81%2.90% –1.94%9.74%9.97%11.78%
FTSE All-World ex US Index7.88%19.81%7.88% –5.39%4.15%1.73%4.57%
FTSE All-World Index7.09%11.20%7.09% –7.53%7.18%5.86%8.65%
FTSE AW ex US High Div Yield Idx7.09%18.11%7.09% –1.38%6.01%2.38%4.31%
FTSE Emerging Index6.99%20.98%6.99%–11.09% 2.17%–0.53%2.46%
FTSE Global All Cap Index Hdg.6.69%8.25%6.69% –4.65%8.40%7.53%10.12%
FTSE Global Small-Cap ex US Index7.86%17.84%7.86% –9.07%3.43%0.19%4.43%
FTSE High Dividend Yield Index2.35%5.04%2.35% 2.50%10.14%7.90%11.31%
Global Wellesley Income Comp Index3.57%8.12%3.57% –5.44%1.41%2.69%
Global Wellington Composite Index5.68%8.78%5.68% –7.49%4.40%4.93%
Growth Composite Index6.41%10.06%6.41% –6.95%6.01%5.55%8.22%
High-Yield Corporate Composite Idx3.40%5.19%3.40% –4.67%1.29%3.16%4.12%
iMoneyNet MFR Treasury Funds Avg
Income Composite Index3.68%6.25%3.68% –8.09%–0.32%2.15%3.34%
Information Technology Spliced Idx9.72%6.41%9.72% –16.30%12.42%15.93%18.81%
JP Morgan EMBI Global Diversified3.17%11.36%3.17% –12.69%–4.77%–0.69% 2.04%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Managed Allocation Composite Index5.31%8.47%5.31% –6.51%4.92%4.77%6.25%
Moderate Growth Composite Index5.50%8.80%5.50% –7.20%4.04%4.55%6.67%
MSCI AC World Growth ex US8.46%20.08%8.46% –9.23%2.67%2.11%5.17%
MSCI AC World Index ex USA Net8.11%19.97%8.11% –5.72%3.64%1.36%4.20%
MSCI AC World Index Net7.17%10.94%7.17% –7.99%6.83%5.53%8.24%
MSCI All Country World Index Value4.94%10.49% 4.94%–1.80%6.18%3.49%6.38%
MSCI US Broad Market Index7.02%6.03%7.02% –8.14%9.73%9.23%12.37%
MSCI US Prime Market 750 Index6.71%5.90%6.71% –8.76%9.68%9.45%12.60%
MSCI US Small Cap 1750 Index10.25%7.39%10.25% –1.56%10.44%7.37%10.46%
Multi-Sector Income Bond Composite Index3.00%6.53% 3.00%–6.30%
NY Tax-Exempt Money Mkt Funds Avg
Real Estate Spliced Index10.43%11.33%10.43% –11.15%2.66%6.77%7.19%
Russell 1000 Growth Index8.33%4.60%8.33% –16.02%9.89%11.22%14.53%
Russell 1000 Index6.70%5.94%6.70%–8.55% 9.66%9.38%12.51%
Russell 1000 Value Index5.18%7.25%5.18% –0.43%8.54%6.94%10.15%
Russell 2000 Growth Index9.95%4.56%9.95% –6.50%4.26%4.68%9.54%
Russell 2000 Index
Russell 2000 Value Index9.54%5.48%9.54% –0.52%9.94%5.78%8.84%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Russell 2500 Growth Index10.01%6.54%10.01% –6.49%6.16%6.97%10.94%
Russell 2500 Value Index9.99%8.65%9.99% 0.72%9.96%6.50%9.25%
Russell 3000 Index6.89%5.88%6.89%–8.24% 9.51%9.12%12.28%
Russell Midcap Growth Index8.73%7.76%8.73% –8.52%6.46%8.26%11.67%
Russell Midcap Value Index8.08%9.07%8.08% –0.69%9.31%6.89%10.17%
S&P 500 Growth Index5.62%2.54%5.62%–18.62% 8.71%9.94%13.77%
S&P 500 Index6.28%5.76%6.28%–8.22% 9.88%9.54%12.68%
S&P 500 Value Index7.00%9.01%7.00%3.08% 9.66%8.17%10.91%
S&P Completion Index10.80%7.28%10.80% –9.47%6.72%6.23%9.93%
S&P Global ex U.S. Property Index5.72%17.84%5.72% –15.90%–6.80%–3.76% 1.15%
S&P MidCap 400 Growth Index7.12%6.45%7.12% –3.13%8.65%6.58%10.40%
S&P MidCap 400 Index9.23%9.49%9.23%2.34% 11.41%7.99%10.98%
S&P MidCap 400 Value Index11.40%12.61%11.40% 7.95%13.59%9.03%11.24%
S&P National AMT-Free Muni Bond Idx2.87%7.60% 2.87%–2.97%–0.31%2.02%2.22%
S&P SmallCap 600 Growth Index7.22%4.24%7.22% –5.85%8.05%6.85%11.25%
S&P SmallCap 600 Index9.49%6.40%9.49% –0.94%10.53%7.28%11.20%
S&P SmallCap 600 Value Index11.96%8.79%11.96% 4.09%12.63%7.48%10.99%
S&P U.S. Dividend Growers Index TR2.90%5.81%2.90% –1.94%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spl Bloomberg US 5-10Yr G/Cr FltAdj3.13%6.29% 3.13%–8.32%–2.11%1.48%1.83%
Spl Bloomberg US Long Treasury Idx6.41%12.00% 6.41%–21.47%–7.53%–0.32% 1.59%
Spl Bloomberg US Treas 1-3 Yr Idx0.74%1.57%0.74% –2.42%–0.40%0.95%0.73%
Spl Bloomberg US Treas 3-10 Yr Idx2.23%4.23%2.23% –6.93%–2.00%1.00%1.04%
Spl Bloomberg US1-5YrGov/Cr FlAdjIx1.23%2.68% 1.23%–3.36%–0.57%1.20%1.11%
Spl Bloomberg USLongGv/Cr FltAdj Ix6.59%13.66% 6.59%–18.28%–5.79%0.47% 2.50%
Spl S&P Global Ex-US Dividend Growers Idx USD NTR5.75% 15.47%5.75%–5.42%5.12%4.50%
Spl Total International Stock Index7.88%19.62% 7.88%–5.76%4.07%1.58%4.57%
Spliced Alternative Strategies Idx0.37%1.00%0.37% 1.87%0.79%2.71%
Spliced Bloomberg USAgg Flt AdjIx3.04%6.31%3.04% –8.40%–2.34%0.89%1.45%
Spliced Developed ex US Index8.22%19.37%8.22% –3.87%4.70%2.25%5.26%
Spliced Emerging Markets Index6.95%20.31%6.95% –10.94%2.58%–0.43%2.31%
Spliced Energy Index1.84%4.45%1.84%11.88% 1.45%–2.23%–0.84%
Spliced Equity Income Index2.35%5.04%2.35% 2.50%10.14%7.90%11.31%
Spliced European Stock Index8.74%21.34%8.74% –4.37%4.95%2.46%5.10%
Spliced Extended Market Index10.80%7.28%10.80% –9.47%6.72%6.23%9.93%
Spliced Global Capital Cycles Index8.20%15.59% 8.20%–3.30%9.23%3.75%0.15%
Spliced Global Equity Index7.17%10.94%7.17% –7.99%6.83%5.53%8.24%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Growth Index10.38%5.84%10.38% –18.57%8.53%10.36%13.48%
Spliced Health Care Index–0.44%4.14% –0.44%1.13%8.56%8.29%10.87%
Spliced Inst Total Stock Market Idx6.90%5.89% 6.90%–8.42%9.42%9.05%12.25%
Spliced International Explorer Index7.47%19.39% 7.47%–10.71%1.38%–0.68% 5.79%
Spliced International Index8.11%19.97%8.11% –5.72%3.64%1.36%4.20%
Spliced Large Cap Index6.42%5.60%6.42% –9.33%9.47%9.33%12.54%
Spliced Market Neutral Index USD0.37%1.00%0.37% 1.87%0.79%1.30%0.77%
Spliced Mega Cap Growth Index10.71%5.56%10.71% –19.48%8.87%10.70%14.01%
Spliced Mega Cap Index6.08%4.99%6.08% –10.30%9.52%9.56%12.78%
Spliced Mega Cap Value Index1.80%4.62%1.80% 1.48%10.11%8.38%11.64%
Spliced Mid Cap Growth Idx8.94%7.89%8.94% –11.06%7.48%8.65%11.19%
Spliced Mid Cap Index7.95%8.46%7.95% –4.73%9.02%8.07%11.26%
Spliced Mid Cap Value Index7.11%8.98%7.11% 1.31%9.86%7.09%11.01%
Spliced Pacific Stock Index7.31%19.74%7.31% –2.90%3.25%0.92%5.14%
Spliced S&P U.S. Dividend Growers Index TR2.90%5.81% 2.90%–1.94%9.74%9.97%11.78%
Spliced Small and Mid Cap Index9.16%8.59%9.16% –2.30%10.39%8.38%11.44%
Spliced Small Cap Growth Index11.70%7.49%11.70% –8.52%4.70%6.62%9.78%
Spliced Small Cap Index10.14%8.18%10.14% –1.51%9.08%7.38%10.49%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Spliced Small Cap Value Index9.05%8.66%9.05% 3.52%11.55%7.21%10.56%
Spliced Social Index7.69%6.19%7.69%–12.26% 8.58%9.56%13.20%
Spliced Total Stock Market Index6.90%5.89%6.90% –8.42%9.42%9.05%12.24%
Spliced Total World Stock Index7.30%11.23%7.30% –7.27%7.17%5.72%8.58%
Spliced U.S. Government Money Market Funds Average
Spliced US IMI Consumer Stapl 25/50–0.15% 2.55%–0.15%0.21%8.81%7.99%10.23%
Spliced US IMI Energy 25/502.94%0.35%2.94% 42.94%25.86%8.36%4.67%
Spliced US IMI Financials 25/507.80%7.74%7.80% –4.84%8.78%6.26%11.85%
Spliced US IMI Health Care 25/50–0.83% 1.68%–0.83%1.80%11.14%10.05%13.91%
Spliced US IMI Industrials 25/505.54%8.94%5.54% 3.02%9.75%7.07%11.72%
Spliced US IMI Materials 25/509.71%15.49%9.71% 4.15%16.44%7.82%10.05%
Spliced US IMI Utilities 25/50–1.59% 4.33%–1.59%3.09%3.08%9.41%10.29%
Spliced Value Index2.79%5.36%2.79%1.76% 10.16%8.16%11.57%
STAR Composite Index5.55%8.44%5.55%–6.40% 5.10%5.33%7.13%
Target Retirement 2020 Composite Ix4.46%7.25% 4.46%–6.88%3.20%3.97%6.29%
Target Retirement 2025 Composite Ix5.17%8.32% 5.17%–7.15%3.93%4.44%6.96%
Target Retirement 2030 Composite Ix5.66%9.04% 5.66%–7.19%4.62%4.79%7.53%
Target Retirement 2035 Composite Ix6.00%9.51% 6.00%–7.09%5.35%5.16%8.10%

BenchmarkReturns as of 01/31/2023Month End YTD
as of
01/31/2023
Average Annual Total
Returns as of 01/31/2023
1 Month3 Month1 Year3 Year5 Year10 Year
Target Retirement 2040 Composite Ix6.34%9.98% 6.34%–7.01%6.07%5.52%8.61%
Target Retirement 2045 Composite Ix6.68%10.45% 6.68%–6.94%6.79%5.93%8.92%
Target Retirement 2050 Composite Ix6.86%10.68% 6.86%–6.87%6.93%6.01%8.97%
Target Retirement 2055 Composite Ix6.86%10.68% 6.86%–6.87%6.93%6.01%8.97%
Target Retirement 2060 Composite Ix6.86%10.68% 6.86%–6.87%6.93%6.01%8.97%
Target Retirement 2065 Composite Ix6.86%10.68% 6.86%–6.87%6.93%6.01%
Target Retirement 2070 Composite Index6.86%10.68% 6.86%–6.87%6.93%6.01%8.73%
Target Retirement Income Compos. Ix3.77%6.20% 3.77%–6.63%1.72%3.14%4.14%
Tax-Exempt Money Mkt Funds Average
Tax-Managed Balanced Compos. Index4.48%6.28%4.48% –4.36%5.56%6.29%7.63%
US Gov't Money Market Funds Average
Wellesley Income Composite Index
Wellington Composite Index5.32%6.52%5.32% –8.16%5.78%6.84%9.04%

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