Growth of a $10,000 Investment in the Fund vs. Benchmarks over 10 Years
|Average Annual Total Returns||For Periods Ended December 31, 2018|
|1 Yr.||3 Yrs.||5 Yrs.||10 Yrs.|
|Russell 3000 Value Index||-8.58%||7.01%||5.77%||11.12%|
|ICE BAML 1-3 Yr. BB Cash Pay High Yield Index||1.34%||4.44%||3.27%||8.05%|
|ICE BAML 3-Month T-Bill Index||1.87%||1.02%||0.63%||0.37%|
|Lipper Flexible Portfolio Fund Index||-6.10%||5.13%||3.39%||8.35%|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s share, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. View quarterly and month-end performance here.
This chart does not imply any future performance.
This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund ten years ago and assumes reinvestment of dividends and capital gains.
The Russell 3000 Value Index is a capitalization-weighted index composed of those companies that are among the largest 3000 US-incorporated equities by market capitalization that exhibit value characteristics such as lower price-to-book ratios and lower expected growth rates. This index is a total return market index, which assumes that all cash distributions are reinvested, in addition to tracking the price movements.
The “Benchmark” is a weighted average comprised of 60% Russell 3000 Value Index / 30% ICE BAML 1-3yr BB Cash Pay High Yield Index / 10% ICE BAML 3-month T-Bill Index (rebalanced monthly). The Russell 3000 Value Index is described above. The ICE BAML 1-3 year BB Cash Pay High Yield Index, a subset of ICE BAML U.S. Cash Pay High Yield Index, consists of all securities rated BB- through BB+ by S&P with a remaining term to final maturity of 3 years or less. The ICE BAML U.S. 3-month T-Bill Index reflects the performance of purchasing a single T-Bill issue at the beginning of the month and holding it for a full month. The Lipper Flexible Portfolio Fund Index, as defined by Lipper Inc., is composed of funds that allocate investments across various asset classes, with a focus on total return. You cannot invest directly in an index.