Idea Transcript
Data as of 3/9/16
HOLDINGSCAN
HOLDINGSCAN Macro Allocation
Subcategory Allocation
Trailing Performance 6/16/06–2/29/16
Risk vs. Return
A dashed line indicates that pre-inception performance has been backfilled using an earlier share class or a best fit benchmark. See the “Asset Performance Horizon” disclosure for detailed information.
1 Year
3 Years
5 Years
Since 6/16/06
Cumulative Return
-3.68%
17.25%
35.24%
76.09%
Benchmark
-6.41%
12.07%
25.65%
60.48%
-
5.45%
6.22%
6.00%
Sharpe Ratio
-
3.87%
4.67%
4.99%
-4.75%
9.81%
17.99%
47.75%
Annualized Return Benchmark Risk Adjusted
Best & Worst Case Analysis 1 Year
3 Years
7/1/09–9/30/09
3/1/09–2/28/10
3/1/09–2/29/12
Cumulative Return
11.08%
24.20%
49.94%
Benchmark
12.59%
39.35%
70.08%
8/1/08–10/31/08
11/1/07–10/31/08
6/1/07–5/31/10
Cumulative Return
-16.01%
-22.23%
-4.27%
Benchmark
-20.56%
-27.69%
-5.22%
Worst Period
3 Years
5 Years
Since 6/16/06
Standard Deviation
5.71%
6.03%
6.00%
8.55%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
-0.66
0.89
1.03
0.59
Alpha (%)
1.06
2.30
2.95
2.02
Beta
0.74
0.81
0.70
0.75
R2
0.79
0.81
0.80
0.85
Performance Disclosure
3 Months Best Period
1 Year
The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein. Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
HOLDINGSCAN
Fixed Income Properties1
Equity Properties Avg. Market Capitalization
$69,215 mil
Avg. Price to Earnings Avg. Price to Book Sales Growth 1 Year Earnings Growth 1 Year
Avg. 3 Year Return on Total Equity
19.95%
Avg. Coupon 3.88%
Avg. Duration
Metrics 6.84
Avg. Expense
0.22%
Avg. Turnover
88.50%
$23.88
Avg. 3 Year Return on Capital
8.92%
AAA
34.65%
AA
30.43%
$4.29
Avg. 3 Year Return on Assets
6.23%
A
10.61%
BBB
13.76%
6.91%
Avg. 3 Year EPS Growth
12.93%
BB
5.25%
B
3.15%
Avg. 3 Year Operating Cash
11.59%
Less than B
0.71%
Not Rated
1.44%
14.10%
Top 10 Equity Sectors
Top 10 Equity Countries
Top 10 Equity Holdings (subject to change)
Equity Name (Symbol) AT&T Inc ORD (T)
Verizon Communications Inc ORD (VZ)
Novo Nordisk A/S ORD (NOVO B)
Apple Inc ORD (AAPL)
Portfolio % – Value Holder Name (Symbol) 0.64%–$64.03
0.63%–$63.35
0.52%–$52.03
0.50%–$50.31
Holding As of % of % of Holder's Date Portfolio Portfolio
Vanguard Tele Indx;ETF (VOX)
1/31/16
0.43%
25.58%
SPDR S&P 500 ETF (SPY)
1/31/16
0.15%
1.29%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.06%
5.58%
Vanguard Tele Indx;ETF (VOX)
1/31/16
0.45%
26.19%
SPDR S&P 500 ETF (SPY)
1/31/16
0.14%
1.18%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.05%
5.14%
iShares:MSCI Denmark Cp (EDEN)
1/31/16
0.41%
22.89%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.11%
1.23%
SPDR S&P 500 ETF (SPY)
1/31/16
0.37%
3.16%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.14%
13.65%
Toyota Motor Corp ORD (7203)
0.46%–$45.52
iShares:MSCI Japan (EWJ)
1/31/16
0.46%
6.07%
CRH PLC ORD (CRG)
0.41%–$41.22
iShares:MSCI Ireland Cp (EIRL)
1/31/16
0.39%
21.63%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.02%
0.26%
SPDR S&P 500 ETF (SPY)
1/31/16
0.30%
2.56%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.11%
11.07%
Vanguard Cnsmr Stp;ETF (VDC)
1/31/16
0.24%
10.82%
SPDR S&P 500 ETF (SPY)
1/31/16
0.15%
1.29%
SPDR S&P 500 ETF (SPY)
1/31/16
0.19%
1.68%
iShares:US Pharma ETF (IHE)
1/31/16
0.17%
10.74%
iShares:MSCI Germany (EWG)
1/31/16
0.23%
8.99%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.10%
1.11%
Microsoft Corp ORD (MSFT)
Procter & Gamble Co ORD (PG)
Johnson & Johnson ORD (JNJ)
Bayer AG ORD (BAYN)
0.41%–$40.77
0.39%–$38.77
0.37%–$36.67
0.33%–$33.14
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
COMPARISCAN
COMPARISCAN Subcategory Allocation Target 50 (Target)
Sample Prospect (Current)
Macro Allocation Performance Disclosure The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein. See Open End Mutual Fund Holding Returns – Standardized Returns
Trailing Performance 6/16/06–2/29/16
A dashed line indicates that pre-inception performance has been backfilled using an earlier share class or a best fit benchmark. See the “Asset Performance Horizon” disclosure for detailed information.
1 Year
3 Years Cumulative
3 Years Annualized
5 Years Cumulative
5 Years Since 6/16/06 Since 6/16/06 Annualized Cumulative Annualized
Target 50 (Target)
-3.68%
17.25%
5.45%
35.24%
6.22%
76.09%
6.00%
Target DJ Moderate IX
-6.41%
12.07%
3.87%
25.65%
4.67%
60.48%
4.99%
Sample Prospect (Current)
-4.89%
17.92%
5.65%
32.31%
5.76%
56.64%
4.73%
Current DJ Moderate IX
-6.41%
12.07%
3.87%
25.65%
4.67%
60.48%
4.99%
Best & Worst Case Analysis Target
3 Months
1 Year
3 Years
7/1/09–9/30/09
3/1/09–2/28/10
3/1/09–2/29/12
Cumulative Return
11.08%
24.20%
49.94%
Benchmark
12.59%
39.35%
70.08%
Best Period
Current
3 Months
1 Year
3 Years
3/1/09–5/31/09
3/1/09–2/28/10
3/1/09–2/29/12
Cumulative Return
16.88%
35.76%
59.96%
Benchmark
19.96%
39.35%
70.08%
Best Period
Target
3 Months
1 Year
3 Years
8/1/08–10/31/08
11/1/07–10/31/08
6/1/07–5/31/10
Cumulative Return
-16.01%
-22.23%
-4.27%
Benchmark
-20.56%
-27.69%
-5.22%
Worst Period
Current
3 Months
1 Year
3 Years
9/1/08–11/30/08
12/1/07–11/30/08
6/16/06–5/31/09
Cumulative Return
-22.49%
-29.36%
-10.18%
Benchmark
-23.07%
-28.25%
-6.07%
Worst Period
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
COMPARISCAN
Risk vs. Return & MPT Statistics
Target 50 (Target)
1 Year
3 Years
5 Years
Since 6/16/06
Annualized Return
-3.68%
5.45%
6.22%
6.00%
Standard Deviation
5.71%
6.03%
6.00%
8.55%
Benchmark Return
-6.41%
3.87%
4.67%
4.99%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
-0.66
0.89
1.03
0.59
Alpha (%)
1.06
2.30
2.95
2.02
Beta
0.74
0.81
0.70
0.75
R2
0.79
0.81
0.80
0.85
Sample Prospect (Current)
1 Year
3 Years
5 Years
Since 6/16/06
Annualized Return
-4.89%
5.65%
5.76%
4.73%
Standard Deviation
6.37%
6.20%
7.02%
9.45%
Benchmark Return
-6.41%
3.87%
4.67%
4.99%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
Sharpe Ratio
Sharpe Ratio
-0.78
0.90
0.81
0.40
Alpha (%)
0.93
2.17
1.63
0.22
Beta
0.91
0.90
0.88
0.88
R2
0.95
0.93
0.94
0.96
Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
Fixed Income Properties1
Equity Properties
Avg. Market Capitalization Avg. Price to Earnings Avg. Price to Book
Target
Current
$69,215 mil
$40,149 mil
23.88
20.41
Avg. Coupon Avg. Duration
Metrics
Target
Current
3.88%
3.20%
6.8
6.1
Target Avg. Expense
0.21%
Avg. Turnover 86.73%
4.29
3.97
AAA
34.65%
43.49%
6.91%
11.59%
AA
30.43%
23.59%
Current
Earnings Growth 1 Year
14.10%
10.91%
A
10.61%
12.24%
Avg. Expense
Avg. 3 Year Return on Total Equity
19.95%
18.36%
BBB
13.76%
16.91%
Avg. Turnover 199.05%
Avg. 3 Year Return on Capital
8.92%
8.68%
BB
5.25%
1.54%
Avg. 3 Year Return on Assets
6.23%
4.23%
B
3.15%
1.21%
Avg. 3 Year EPS Growth
12.93%
9.41%
Less than B
0.71%
0.29%
Avg. 3 Year Operating Cash Flow
11.59%
7.41%
Not Rated
1.44%
0.73%
Sales Growth 1 Year
0.66%
1
You may obtain more information about bond ratings in the "Disclosure" section of the material.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
COMPARISCAN
Top 10 Equity Countries
Top 10 Equity Sectors
Top 10 Equity Holdings (subject to change) Target 50 (Target)
Equity Name (Symbol) AT&T Inc ORD (T)
Verizon Communications Inc ORD (VZ)
Novo Nordisk A/S ORD (NOVO B)
Apple Inc ORD (AAPL)
Portfolio % – Value Holder Name (Symbol) 0.64%–$64.03
0.63%–$63.35
0.52%–$52.03
0.50%–$50.31
Holding As of % of % of Holder's Date Portfolio Portfolio
Vanguard Tele Indx;ETF (VOX)
1/31/16
0.43%
25.58%
SPDR S&P 500 ETF (SPY)
1/31/16
0.15%
1.29%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.06%
5.58%
Vanguard Tele Indx;ETF (VOX)
1/31/16
0.45%
26.19%
SPDR S&P 500 ETF (SPY)
1/31/16
0.14%
1.18%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.05%
5.14%
iShares:MSCI Denmark Cp (EDEN)
1/31/16
0.41%
22.89%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.11%
1.23%
SPDR S&P 500 ETF (SPY)
1/31/16
0.37%
3.16%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.14%
13.65%
Toyota Motor Corp ORD (7203)
0.46%–$45.52
iShares:MSCI Japan (EWJ)
1/31/16
0.46%
6.07%
CRH PLC ORD (CRG)
0.41%–$41.22
iShares:MSCI Ireland Cp (EIRL)
1/31/16
0.39%
21.63%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.02%
0.26%
SPDR S&P 500 ETF (SPY)
1/31/16
0.30%
2.56%
Sel Sector:Tech SPDR (XLK)
1/31/16
0.11%
11.07%
Vanguard Cnsmr Stp;ETF (VDC)
1/31/16
0.24%
10.82%
SPDR S&P 500 ETF (SPY)
1/31/16
0.15%
1.29%
SPDR S&P 500 ETF (SPY)
1/31/16
0.19%
1.68%
iShares:US Pharma ETF (IHE)
1/31/16
0.17%
10.74%
iShares:MSCI Germany (EWG)
1/31/16
0.23%
8.99%
Vanguard FTSE Euro ETF (VGK)
1/31/16
0.10%
1.11%
Microsoft Corp ORD (MSFT)
Procter & Gamble Co ORD (PG)
Johnson & Johnson ORD (JNJ)
Bayer AG ORD (BAYN)
0.41%–$40.77
0.39%–$38.77
0.37%–$36.67
0.33%–$33.14
Top 10 Equity Holdings (subject to change) Sample Prospect (Current)
Equity Name (Symbol) Amazon.com Inc ORD (AMZN)
Amgen Inc ORD (AMGN)
Alexion Pharmaceuticals Inc ORD (ALXN)
Portfolio % – Value Holder Name (Symbol) 1.36%–$135.68
1.07%–$107.05
0.88%–$88.36
Holding As of % of % of Holder's Date Portfolio Portfolio
American Funds Gro;A (AGTHX)
12/31/15
0.91%
6.69%
American Funds AMCP;A (AMCPX)
12/31/15
0.44%
1.63%
American Funds AMCP;A (AMCPX)
12/31/15
0.82%
3.02%
American Funds Gro;A (AGTHX)
12/31/15
0.25%
1.81%
American Funds AMCP;A (AMCPX)
12/31/15
0.68%
2.50%
American Funds Gro;A (AGTHX)
12/31/15
0.20%
1.48%
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
Equity Name (Symbol) Alphabet Inc ORD (GOOG)
Oracle Corp ORD (ORCL)
Netflix Inc ORD (NFLX)
UnitedHealth Group Inc ORD (UNH)
Avago Technologies Ltd ORD (AVGO)
Novo Nordisk A/S ORD (NOVO B)
Gilead Sciences Inc ORD (GILD)
COMPARISCAN
Portfolio % – Value Holder Name (Symbol) 0.84%–$84.41
0.83%–$83.05
0.81%–$81.14
0.81%–$80.86
0.73%–$73.09
0.68%–$67.64
0.58%–$58.09
Holding As of % of % of Holder's Date Portfolio Portfolio
American Funds AMCP;A (AMCPX)
12/31/15
0.53%
1.93%
American Funds Gro;A (AGTHX)
12/31/15
0.32%
2.33%
American Funds AMCP;A (AMCPX)
12/31/15
0.64%
2.36%
American Funds Gro;A (AGTHX)
12/31/15
0.19%
1.37%
American Funds AMCP;A (AMCPX)
12/31/15
0.66%
2.41%
American Funds Gro;A (AGTHX)
12/31/15
0.15%
1.13%
American Funds AMCP;A (AMCPX)
12/31/15
0.56%
2.04%
American Funds Gro;A (AGTHX)
12/31/15
0.25%
1.85%
American Funds AMCP;A (AMCPX)
12/31/15
0.43%
1.58%
American Funds Gro;A (AGTHX)
12/31/15
0.30%
2.20%
American Funds EuPc;A (AEPGX)
12/31/15
0.67%
4.90%
American Funds Gro;A (AGTHX)
12/31/15
0.01%
0.06%
American Funds AMCP;A (AMCPX)
12/31/15
0.35%
1.29%
American Funds Gro;A (AGTHX)
12/31/15
0.23%
1.68%
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Data as of 3/9/16 Performance See the Asset Performance Horizon Table for important information regarding the observation periods used in this analysis.
Trailing 10 Years
Trailing 7 Years
Trailing 5 Years
Trailing 3 Years
Sharpe Ratio Trailing 10 Years
Trailing 7 Years
Trailing 5 Years
Trailing 10 Years
Trailing 3 Years
Standard Deviation Trailing 7 Years
Trailing 5 Years
Trailing 3 Years
Trailing 1 Year
Weighting
Returns
DJ Moderate IX
100.00%
-6.41%
3.87%
4.67%
10.80%
-
6.69%
7.72%
9.06%
-
0.57
0.60
1.18
-
Target 50 (Target)
100.00%
-3.68%
5.45%
6.22%
9.73%
-
6.03%
6.00%
6.86%
-
0.89
1.03
1.41
-
Lipper Core Bd Fd IX
24.00%
0.56%
2.01%
3.72%
5.91%
4.54%
3.02%
2.78%
3.03%
3.63%
0.65
1.31
1.92
0.97
iShares:Core US Agg Bd
24.00%
1.47%
2.18%
3.41%
4.25%
4.48%
3.05%
2.89%
2.91%
3.84%
0.70
1.16
1.44
0.90
Lipper European Fund
15.00% -12.18%
3.40%
2.68% 12.43%
3.64% 12.32% 15.70% 18.80% 20.07%
0.27
0.17
0.66
0.13
Vanguard FTSE Euro ETF
8.80% -15.96%
0.92%
0.79%
10.46%
2.00%
13.61%
17.34%
20.18%
20.99%
0.06
0.04
0.51
0.05
iShares:MSCI Germany
2.60% -19.98%
-0.67%
-0.34%
10.27%
2.71%
15.78%
21.51%
23.42%
24.79%
-0.05
-0.02
0.43
0.07
iShares:MSCI Denmark Cp
1.80%
5.21%
16.05%
-
-
-
13.28%
-
-
-
1.20
-
-
-
1.80%
-0.49%
13.24%
13.16%
-
-
15.81%
18.70%
-
-
0.83
0.70
-
-
12.00%
3.32%
4.53%
7.26%
5.72%
-
8.20%
8.73%
8.81%
-
0.55
0.83
0.64
-
3.70%
6.34%
10.33%
6.99%
7.43%
11.98%
13.47%
13.47%
14.09%
0.52
0.76
0.51
0.41
6.20% 10.79% 11.84% 13.54% 15.08%
0.96
0.83
1.25
0.34
iShares:MSCI Ireland Cp Lipper General US Treas iShares:20+ Trs Bd ETF
12.00%
Lipper S&P 500 Fund
11.60%
SPDR S&P 500 ETF
11.60%
-6.20%
10.48%
Lipper Japan Funds
7.50%
-2.19%
8.28%
-6.44% 10.44%
9.84% 16.98% 9.89%
17.05%
5.29% 11.80%
15.07%
0.96
0.83
1.25
0.35
0.66% 13.15% 12.67% 14.02% 15.79%
6.31%
10.90%
11.88%
13.58%
0.63
0.41
0.84
-0.02
iShares:MSCI Japan
7.50% -10.73%
3.19%
0.27%
7.24%
-1.07%
14.89%
15.17%
15.32%
16.52%
0.21
0.01
0.47
-0.13
Lipper BBB Rated Fund
7.20%
1.85%
4.53%
7.84%
5.12%
3.97%
3.85%
4.31%
5.51%
0.45
1.16
1.80
0.74
-2.02%
iShares:iBoxx $IG Corp
7.20%
-2.32%
2.02%
4.77%
7.19%
5.27%
5.06%
5.38%
5.56%
7.87%
0.39
0.88
1.28
0.54
Lipper High Current Yield Bd
4.80%
-9.01%
0.34%
3.35% 10.88%
5.12%
5.22%
6.24%
7.84%
9.84%
0.05
0.53
1.38
0.42
iShares:iBoxx $HY Corp
4.80%
-7.86%
0.31%
3.16%
-
5.93%
7.86%
9.77%
-
0.04
0.39
1.01
-
Lipper Health/Biotech Fund
3.00% -18.45% 17.44% 17.91% 20.65% 10.82% 18.57% 16.80% 16.12% 16.43%
0.94
1.06
1.28
0.60
iShares:US Pharma ETF
1.60% -17.60%
15.40%
17.88%
21.62%
-
16.97%
15.26%
15.24%
-
0.90
1.17
1.41
-
iShares:US Med Dev ETF
1.40%
-1.03%
17.08%
13.47%
19.26%
-
12.69%
14.20%
15.46%
-
1.34
0.94
1.24
-
Lipper Glb Eq Inc Fd IX
2.60%
-9.29%
3.40%
3.90%
-
-
-
-
0.34
0.35
-
-
WisdomTree:Eur SC Div
2.60%
-5.60%
9.84%
7.02%
17.60%
-
21.09%
-
0.69
0.39
0.77
-
Lipper Consumer Services
2.20%
-5.50% 12.28% 12.74% 21.87%
Vanguard Cnsmr Stp;ETF
2.20%
3.37%
Lipper Inst Money Markets
2.00%
0.15%
Lipper Emerging Markets Fund
1.80% -22.13%
iShares:MSCI Em Mkts
1.80% -23.86%
-9.39%
Lipper Telecom Fund
1.70%
-6.07%
9.92%
9.69% 11.10% 14.22%
17.78%
-
0.97
0.95
1.34
-
13.97%
17.19%
10.80%
10.61%
10.05%
10.37%
11.25%
1.15
1.38
1.65
0.82
0.08%
0.10%
0.14%
1.34%
0.02%
0.02%
0.04%
0.57%
1.27
2.26
1.65
0.55
-8.39%
-4.60%
9.09%
1.53% 13.75% 17.09% 20.36% 23.07%
-0.61
-0.27
0.44
0.02
-6.12%
7.16%
0.91%
23.94%
-0.65
-0.33
0.32
-0.00
4.04% 11.26% 11.71% 15.20% 18.50%
0.72
0.54
0.98
0.16
12.22%
8.20%
6.41% 15.04%
Vanguard Tele Indx;ETF
1.70%
3.34%
9.47%
8.73%
Lipper Utility Fund
1.70%
-5.53%
7.19%
8.75% 13.10%
Vanguard Util Indx;ETF
1.70%
5.52%
11.19%
Lipper Real Estate Fund
1.00%
-5.21%
7.01%
11.69%
14.67%
13.87%
8.41% 21.84%
- 12.59% 13.34% 16.30%
6.68%
14.45%
12.08%
7.03% 10.65% 7.76%
13.70%
18.83%
11.93%
22.04%
15.91%
0.78
0.73
1.06
0.36
9.78% 10.48% 12.79%
0.67
0.89
1.24
0.47
12.22%
13.79%
13.72%
0.81
0.95
1.16
0.49
5.98% 13.07% 14.48% 19.05% 23.51%
11.91%
0.53
0.58
1.14
0.21
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
SPDR S&P Insurance ETF
0.90%
11.65%
10.88%
9.23%
22.82%
Trailing 10 Years
Trailing 7 Years
Trailing 5 Years
Trailing 3 Years 0.53
0.54
-
-
0.87
0.52
1.03
0.31
17.10%
1.11
0.85
1.21
0.41
-0.50% 13.06% 15.11% 17.63% 20.01%
8.09%
0.52
0.42
0.86
-0.08
0.91
0.59
1.09
0.12
4.01%
11.94%
12.67%
12.74%
15.50%
15.15%
20.82%
24.38%
Trailing 10 Years
Trailing 3 Years
Standard Deviation Trailing 7 Years
Trailing 5 Years
Trailing 3 Years
Trailing 1 Year
Trailing 10 Years -
Returns Weighting
Trailing 7 Years
Trailing 10 Years
Trailing 7 Years 18.34%
6.36% 15.20%
-
Sharpe Ratio Trailing 10 Years
6.87%
16.64%
Trailing 7 Years
13.30%
-
14.78%
6.91% 13.44% 15.24% 16.95% 18.73%
Trailing 5 Years
-3.17%
0.90% -10.60%
-
Trailing 3 Years
1.00%
Lipper Financial Services Fund
9.10%
7.98% 17.61%
Sharpe Ratio
Trailing 10 Years
Sel Sector:Tech SPDR
-0.71%
7.93%
Trailing 7 Years
-9.72% 11.69%
Trailing 5 Years
-3.77%
1.00%
Trailing 5 Years
1.00%
Lipper Science & Tech Fund
Standard Deviation Trailing 3 Years
Schwab Str:US REIT ETF
Trailing 5 Years
Trailing 3 Years
Trailing 1 Year
Weighting
Returns
DJ Moderate IX
100.00%
-6.41%
3.87%
4.67%
10.80%
-
6.69%
7.72%
9.06%
-
0.57
0.60
1.18
-
Sample Prospect (Current)
100.00%
-4.89%
5.65%
5.76% 10.71%
-
6.20%
7.02%
8.14%
-
0.90
0.81
1.31
-
Lipper Core Bd Fd IX
45.45%
0.56%
2.01%
3.72%
5.91%
4.54%
3.02%
2.78%
3.03%
3.63%
0.65
1.31
1.92
0.97
American Funds Bond;A
45.45%
0.51%
1.66%
3.11%
5.61%
3.27%
3.07%
2.74%
3.21%
4.26%
0.52
1.11
1.72
0.53
Lipper Mlt-Cap Core
27.27%
-9.82%
8.26%
5.51% 10.89% 12.48% 14.41% 15.95%
0.75
0.60
1.12
0.28
American Funds AMCP;A
27.27%
-8.34%
11.10%
6.73%
15.36%
1.02
0.82
1.21
0.37
Lipper Intl Large-Cap Growth
13.64% -14.41%
0.23%
1.13% 10.15%
2.30% 11.77% 14.49% 16.31% 17.94%
0.01
0.07
0.62
0.07
American Funds EuPc;A
13.64% -14.45%
1.11%
1.13%
3.17%
17.60%
0.09
0.07
0.59
0.12
Lipper Large-Cap Growth
13.64%
-8.52% 10.87%
8.96% 16.39%
5.97% 12.50% 13.84% 15.22% 16.55%
0.87
0.64
1.07
0.30
American Funds Gro;A
13.64%
-7.51%
8.99%
5.99%
0.90
0.69
1.09
0.32
10.31%
7.61% 16.19% 10.01%
17.57%
9.88%
15.61%
10.85%
11.17%
11.43%
12.14%
14.31%
12.98%
14.40%
16.49%
14.23%
15.40%
Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the recent month end, please visit the Fund Families’, Insurance Company, Stock, Closed End Fund or ETF Investor Websites or call them directly. Asset Classes and Indexes are unmanaged and one cannot invest directly in an Asset Class or Index.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Trailing Performance 6/16/06–2/29/16
1 Month
3 Months
YTD
1 Year
3 Years
5 Years
7 Years
Since 6/16/06
-0.04%
-2.11%
-1.37%
-3.68%
17.25%
35.24%
91.56%
76.09%
Target 50 (Target) Cumulative Return Benchmark
0.63%
-4.09%
-2.85%
-6.41%
12.07%
25.65%
104.96%
60.48%
Annualized Return
-
-
-
-
5.45%
6.22%
9.73%
6.00%
Benchmark
-
-
-
-
3.87%
4.67%
10.80%
4.99%
Risk Adjusted
-
-1.25%
-0.88%
-4.75%
9.81%
17.99%
72.87%
47.75%
Benchmark
-
-
-
-
-
-
-
-
-0.19%
-4.41%
-3.07%
-4.89%
17.92%
32.31%
103.81%
56.64%
0.63%
-4.09%
-2.85%
-6.41%
12.07%
25.65%
104.96%
60.48%
Annualized Return
-
-
-
-
5.65%
5.76%
10.71%
4.73%
Benchmark
-
-
-
-
3.87%
4.67%
10.80%
4.99%
Risk Adjusted
-
-2.67%
-1.86%
-5.82%
10.83%
22.68%
92.45%
54.39%
Benchmark
-
-
-
-
-
-
-
-
Cumulative Return
0.71%
1.77%
2.10%
1.50%
6.79%
19.34%
36.91%
60.10%
Annualized Return
-
-
-
-
2.22%
3.60%
4.59%
4.96%
Cumulative Return
-0.90%
-8.73%
-6.94%
-14.06%
4.86%
7.78%
98.57%
14.21%
Annualized Return
-
-
-
-
1.60%
1.51%
10.30%
1.38%
Cumulative Return
-0.41%
-7.12%
-5.47%
-8.19%
27.57%
45.58%
162.86%
52.13%
Annualized Return
-
-
-
-
8.45%
7.80%
14.80%
4.41%
Sample Prospect (Current) Cumulative Return Benchmark
Barclay US Agg TR
MSCI AC World P
S&P 500 Comp P
Calendar Year Performance 2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Target
-1.37%
1.28%
7.18%
11.94%
11.62%
4.02%
10.02%
10.40%
-13.99%
8.21%
DJ Moderate IX
-2.85%
-1.21%
5.35%
14.45%
11.19%
0.43%
13.84%
23.79%
-24.75%
8.02%
Current
-3.07%
1.00%
6.69%
15.99%
12.11%
0.18%
10.08%
26.65%
-26.95%
7.90%
DJ Moderate IX
-2.85%
-1.21%
5.35%
14.45%
11.19%
0.43%
13.84%
23.79%
-24.75%
8.02%
2.10%
0.55%
5.97%
-2.02%
4.22%
7.84%
6.54%
5.93%
5.24%
6.97%
MSCI AC World P
-6.94%
-4.26%
2.10%
20.25%
13.43%
-9.41%
10.42%
31.51%
-43.54%
9.64%
S&P 500 Comp P
-5.47%
-0.73%
11.39%
29.60%
13.40%
-0.00%
12.78%
23.45%
-38.49%
3.53%
Barclay US Agg TR
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Risk Analysis
1 Year
3 Years
5 Years
Since 6/16/06
Annualized Return
-3.68%
5.45%
6.22%
6.00%
Standard Deviation
5.71%
6.03%
6.00%
8.55%
-0.66
0.89
1.03
0.59
Alpha (%)
1.06
2.30
2.95
2.02
Beta
0.74
0.81
0.70
0.75
R2
0.79
0.81
0.80
0.85
Sortino Ratio
-1.06
1.77
2.06
0.73
Treynor Ratio
-0.05
0.07
0.09
0.07
Maximum Drawdown
-4.67%
-4.67%
-5.56%
-25.35%
Tracking Error
10.89%
10.15%
12.24%
14.64%
Up Market Capture
95.35%
96.03%
88.25%
84.83%
Down Market Capture
75.82%
75.23%
65.76%
72.06%
Benchmark Return
-6.41%
3.87%
4.67%
4.99%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
Annualized Return
-4.89%
5.65%
5.76%
4.73%
Standard Deviation
6.37%
6.20%
7.02%
9.45%
-0.78
0.90
0.81
0.40
Alpha (%)
0.93
2.17
1.63
0.22
Beta
0.91
0.90
0.88
0.88
R2
0.95
0.93
0.94
0.96
Sortino Ratio
-1.31
1.87
1.33
0.49
Treynor Ratio
-0.05
0.06
0.06
0.04
-5.99%
-5.99%
-9.28%
-33.84%
Target 50 (Target)
Sharpe Ratio
Sample Prospect (Current)
Sharpe Ratio Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
Maximum Drawdown Tracking Error
5.50%
5.99%
6.61%
8.15%
Up Market Capture
93.34%
97.27%
95.91%
91.04%
Down Market Capture
84.80%
74.52%
82.06%
90.72%
Benchmark Return
-6.41%
3.87%
4.67%
4.99%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
Annualized Return
1.50%
2.22%
3.60%
4.96%
Standard Deviation
2.22%
2.93%
2.73%
3.22%
0.64
0.74
1.29
1.26
-1.68%
-3.67%
-3.67%
-3.83%
6.83%
6.69%
7.72%
10.48%
Barclay US Agg TR
Sharpe Ratio Maximum Drawdown Benchmark StDev MSCI AC World P Annualized Return
-14.06%
1.60%
1.51%
1.38%
Standard Deviation
12.95%
11.18%
13.29%
16.97%
Sharpe Ratio Maximum Drawdown Benchmark StDev
-1.09
0.14
0.11
0.03
-14.81%
-14.81%
-21.37%
-56.23%
6.83%
6.69%
7.72%
10.48%
S&P 500 Comp P Annualized Return
-8.19%
8.45%
7.80%
4.41%
Standard Deviation
12.33%
10.77%
11.84%
15.25%
Sharpe Ratio Maximum Drawdown Benchmark StDev
-0.67
0.78
0.65
0.23
-8.89%
-8.89%
-17.03%
-52.56%
6.83%
6.69%
7.72%
10.48%
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Best & Worst Case Analysis Target Best Period
3 Months
1 Year
3 Years
7/1/09–9/30/09
3/1/09–2/28/10
3/1/09–2/29/12
11.08%
24.20%
49.94%
Cumulative Return Benchmark
Cumulative Return Benchmark
12.59%
39.35%
70.08%
8/1/08–10/31/08
11/1/07–10/31/08
6/1/07–5/31/10
Cumulative Return
-16.01%
-22.23%
-4.27%
Benchmark
-20.56%
-27.69%
-5.22%
Worst Period
Current Best Period
3 Months
1 Year
3 Years
3/1/09–5/31/09
3/1/09–2/28/10
3/1/09–2/29/12
16.88%
35.76%
59.96%
19.96%
39.35%
70.08%
9/1/08–11/30/08
12/1/07–11/30/08
6/16/06–5/31/09
Cumulative Return
-22.49%
-29.36%
-10.18%
Benchmark
-23.07%
-28.25%
-6.07%
Worst Period
Modern Portfolio Theory Analysis (6/16/06–2/29/16) Target
Current
Cumulative Rate of Return
76.09%
56.64%
Rate of Return (Annualized)
6.00%
4.73%
Standard Deviation
8.55%
9.45%
Sharpe Ratio Lower Limit of 90% Confidence Level Upper Limit of 90% Confidence Level
0.59
0.40
-7.45%
-10.05%
20.62%
20.95%
Beginning Portfolio Value
$10,000.00
$10,000.00
Value in 5 Years
$13,380.30
$12,598.25
Value in 10 Years
$17,903.23
$15,871.58
Value in 15 Years
$23,955.06
$19,995.41
$495.99
$737.74
Loss in 1 year
24.15%
30.84%
Loss in 5 years
5.84%
13.15%
5.00%
5.00%
Over 1 Year
27.95%
34.65%
Over 5 Years
9.56%
18.88%
One-year 90% Value at Risk Probability of:
Falling Below Minimum ROR Losing Purchasing Power
Confidence Intervals & Probability A term used in inferential statistics that measures the probability that a population parameter will fall between two set values. The confidence interval can take any number of probabilities, with the most common being 90%, 95% or 99%. In other words, a confidence interval is the probability that a value will fall between an upper and lower bound of a probability vvdistribution. IMPORTANT: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary over time. The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Normal Distribution of Returns with 90% Probability
Cumulative Rate of Return
Rate of Return (Annualized)
Standard Deviation
Lower Limit of 90% Confidence Level
Upper Limit of 90% Confidence Level
Target
76.09%
6.00%
8.55%
-7.45%
20.62%
Current
56.64%
4.73%
9.45%
-10.05%
20.95%
Hypothetical Performance (6/16/06–2/29/16)
Return & Standard Deviation (6/16/06–2/29/16)
A dashed line indicates that pre-inception performance has been backfilled using an earlier share class or a best fit benchmark. See the “Asset Performance Horizon” disclosure for detailed information. Confidence Intervals & Probability A term used in inferential statistics that measures the probability that a population parameter will fall between two set values. The confidence interval can take any number of probabilities, with the most common being 90%, 95% or 99%. In other words, a confidence interval is the probability that a value will fall between an upper and lower bound of a probability vvdistribution. IMPORTANT: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary over time. The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Theoretical Range of Returns with 90% Probability
Assumptions
Theoretical Range of Returns 1 Year
Annualized 3 Year
Annualized 5 Year
Annualized 10 Year
Annual. Return
Standard Deviation
Min.
Max.
Min.
Max.
Min.
Max.
Min.
Max.
Target
6.00%
8.55%
-7.45%
20.62%
-2.12%
14.05%
-0.42%
12.10%
1.32%
10.17%
Current
4.73%
9.45%
-10.05%
20.95%
-4.24%
13.61%
-2.38%
11.44%
-0.47%
9.30%
Theoretical Range of Values with 90% Probability
Assumptions Annual. Standard Return Deviation
Theoretical Range of Values 1 Year Ending Value
3 Year Ending Value
5 Year Ending Value
10 Year Ending Value
Avg.
Min.
Max.
Avg.
Min.
Max.
Avg.
Min.
Max.
Avg.
Min.
Max.
Target
6.00%
8.55%
$10,600
$9,255
$12,062
$11,909
$9,376
$14,835
$13,380
$9,790
$17,703
$17,903
$11,401
$26,349
Current
4.73%
9.45%
$10,473
$8,995
$12,095
$11,486
$8,781
$14,665
$12,598
$8,866
$17,191
$15,872
$9,543
$24,342
Confidence Intervals & Probability A term used in inferential statistics that measures the probability that a population parameter will fall between two set values. The confidence interval can take any number of probabilities, with the most common being 90%, 95% or 99%. In other words, a confidence interval is the probability that a value will fall between an upper and lower bound of a probability vvdistribution. IMPORTANT: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary over time. The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
DETAILED ANALYTICS
Monte Carlo Simulation
Assumptions
Results (Beginning Value = $1,000,000.00)
Avg. Return
Stand. Dev.
Target
End Value
End Date
Current
End Value
End Date
Target
6.00%
8.55%
10th Percentile
$2,063,091
12/31/30
10th Percentile
$1,473,944
12/31/30
Current
4.73%
9.45%
50th Percentile
$2,356,894
12/31/30
50th Percentile
$1,907,319
12/31/30
90th Percentile
$2,702,338
12/31/30
90th Percentile
$2,525,849
12/31/30
The purpose of this analysis is to provide investors with the probable 50th (Average), 10th (Lower 10 Percent) and 90th (Upper 10 Percent) percentile values that a selected portfolio will observe under hypothetical market scenarios over a period of time. 80% of simulation trials occur between the 90th and the 10th percentile range. 10% of simulated outcomes fall below the 10th percentile line andshould be examined in order to help investors recognize their level of risk tolerance. This analytical technique in which a large number of simulations are run using random quantities for portfolio rate of return looks at the distribution of results to infer which values are most likely. This illustrations Probability of various outcomes is obtained by generating 5,000 random values within the upper and lower boundaries of returns. The Monte Carlo calculations are based on the portfolio rate of return, the portfolio standard deviation (volatility), the time period analyzed, and cash flows (contributions and withdrawals) made during the time period. Standard deviation is a statistical measure of the historical volatility of a portfolio or one or more of its assets. More generally, it is a measure of the extent to which numbers are spread around their average. The assumed returns are adjusted based upon the historical standard deviations of return for asset classes and/or securities which measure the volatility or deviation of annual returns of an asset class or security from its average. Changing any of these variables will impact the probability of achieving outcomes. IMPORTANT: The projections or other information generated by AdvisoryWorld’s Monte Carlo simulation application regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. This Monte Carlo simulation is for illustrative purposes to educate parties about the effects of volatility and uncertainty over time. Results may vary with each use and over time. Do not rely upon the results of this report to predict actual future performance of any investment or investment strategy.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
FACT SHEETS
Target 50 Benchmark: DJ Moderate IX Risk vs. Return
Historical Performance 6/16/06–2/29/16
Trailing Non-Standardized Returns
Portfolio
See Open End Mutual Fund Holding Returns – Standardized Returns
1 Month
YTD
3 Months
1 Year
3 Yrs. 3 Yrs. Ann. Cml.
-0.04%
-1.37%
-2.11%
-3.68%
17.25%
5.45%
35.24%
0.63%
-2.85%
-4.09%
-6.41%
12.07%
3.87%
25.65%
Incept. Cml.
Incept. Ann.
6.22%
76.09%
6.00%
4.67%
60.48%
4.99%
5 Yrs. 5 Yrs. Ann. Cml.
1 Year
3 Years
5 Years
Since 6/16/06
Standard Deviation
5.71%
6.03%
6.00%
8.55%
Benchmark StDev
6.83%
6.69%
7.72%
10.48%
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
-0.66
0.89
1.03
0.59
Portfolio
-1.37%
1.28%
7.18%
11.94%
11.62%
4.02%
10.02%
10.40%
-13.99%
8.21%
Alpha (%)
1.06
2.30
2.95
2.02
Benchmark
-2.85%
-1.21%
5.35%
14.45%
11.19%
0.43%
13.84%
23.79%
-24.75%
8.02%
Beta
0.74
0.81
0.70
0.75
Best Period
Cmltv. Return
Bmark
Worst Period
Cmltv. Return
Bmark
Up Periods
Bmark
Down Periods
Bmark
3 Months
End9/30/09
11.08%
12.59%
End10/31/08
-16.01%
-20.56%
82
79
33
36
1 Year
End2/28/10
24.20%
39.35%
End10/31/08
-22.23%
-27.69%
89
84
17
22
3 Years
End2/29/12
49.94%
70.08%
End5/31/10
-4.27%
-5.22%
80
69
2
13
Sharpe Ratio
R2 Max.Drawdown
0.79
0.81
0.80
0.85
-4.67%
-4.67%
-5.56%
-25.35%
Tracking Error
10.89%
10.15%
12.24%
14.64%
Up Market Capture
95.35%
96.03%
88.25%
84.83%
Down Market Capture
75.82%
75.23%
65.76%
72.06%
Benchmark Calendar Year Performance
Asset Allocation
Metrics Avg. Expense Ratio
0.21%
Avg. Front Load
-
Avg. Back Load Avg. Turnover
86.73%
Macro Allocation
Top 10 Sectors
Top 10 Countries
Fixed Income Properties1
Equity Properties
Top 10 Equity Holdings
Avg. Yrs. Maturity
13.1 yrs
Avg. Duration
6.8 yrs
Sales Growth (1 yr)
6.91%
EPS Growth (3 yr)
12.93%
AT&T Inc ORD (T)
0.64%
AAA
34.65%
Avg. Coupon
3.88%
Earn. Growth (1 yr.)
14.10%
Return on Equity
19.95%
Verizon Communications Inc ORD (VZ)
0.63%
AA
30.43%
BB
5.25%
Avg. Mkt. Cap.
$69,215 mil
Return on Assets
6.23%
Novo Nordisk A/S ORD (NOVO B)
0.52%
A
10.61%
B and Less
3.86%
Price/Earnings
Return on Cap. (3yr)
8.92%
Apple Inc ORD (AAPL)
0.50%
BBB
13.76%
Not Rated
1.44%
Price/Book
Toyota Motor Corp ORD (7203)
0.46%
CRH PLC ORD (CRG)
0.41%
Microsoft Corp ORD (MSFT)
0.41%
Procter & Gamble Co ORD (PG)
0.39%
Johnson & Johnson ORD (JNJ)
0.37%
Bayer AG ORD (BAYN)
0.33%
Short Term
-
Foreign Currency
23.88 4.29
Oprt. C. Flow (3 yr)
11.59%
-
Performance Disclosure The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than 1 You may obtain more information about bond ratings in the "Disclosure" section of the material. return data quoted herein. See Open End Mutual Fund Holding Returns – Standardized Returns. Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
FACT SHEETS
iShares:iBoxx $HY Corp - ETF Family Manager Tenure Asset Class Benchmark
BlackRock Fund Advisors Mauro/Radell Since 2011/2010 Lipper High Current Yield Bd Lipper High Current Yield Bd
Risk vs. Return
Ticker Inception Price 3/8/2016 52 Week High 52 Week Low
HYG 4/4/2007 $80.40 $91.50 $75.59
Max Front End Load 0.00% Max CDSC Fee 0.00% AUM $15,266,900,00 Management Fee 0.50% 12b-1 Fee 0.00%
Expense Ratio Turnover Ratio 12 Month Yield
0.50% 11.00% 5.97%
Historical Performance 6/16/06–2/29/16
Trailing Non-Standardized Returns
See Open End Mutual Fund Holding Returns – Standardized Returns
1 Month
YTD
3 Months
1 Year
3 Yrs. 3 Yrs. Ann. Cml.
5 Yrs. 5 Yrs. Ann. Cml.
Incept. Cml.
Incept. Ann.
HYG
1.50%
-0.12%
-2.12%
-7.86%
0.93%
0.31%
16.81%
3.16%
59.59%
4.93%
1 Year
3 Years
5 Years
Since 6/16/06
Benchmark
0.12%
-1.60%
-4.25%
-9.01%
1.01%
0.34%
17.91%
3.35%
63.89%
5.22%
Standard Deviation
6.09%
5.93%
7.86%
12.34%
Calendar Year Performance
Benchmark StDev
5.31%
5.22%
6.24%
9.96%
-1.31
0.04
0.39
0.33
Alpha (%)
1.96
-0.04
-0.63
-0.44
Beta
1.09
1.06
1.13
1.03
Sharpe Ratio
R2 Max.Drawdown Tracking Error
0.90
0.87
0.81
0.70
-9.47%
-9.47%
-9.47%
-30.28%
6.75%
7.42%
12.30%
23.53%
Up Market Capture
146.80%
114.07%
110.88%
107.56%
Down Market Capture
104.08%
113.78%
116.84%
112.90%
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
HYG
-0.12%
-5.03%
1.90%
5.75%
11.04%
6.11%
11.89%
28.57%
-17.58%
4.40%
Benchmark
-1.60%
-4.86%
2.24%
7.63%
15.44%
2.85%
14.91%
49.49%
-28.84%
2.13%
Best Period
Cmltv. Return
Bmark
Worst Period
Cmltv. Return
Bmark
Up Periods
Bmark
Down Periods
Bmark
End6/30/09
20.99%
19.99%
End11/30/08
-26.53%
-29.03%
75
80
40
35
-29.49%
-31.20%
82
78
24
28
-1.73%
-6.32%
81
80
1
2
3 Months
1 Year
End11/30/09
44.82%
50.26%
End11/30/08
3 Years
End2/29/12
75.92%
83.21%
End5/31/09
Macro Allocation
Fixed Income Properties1 Avg. Yrs. Maturity
6.2 yrs
Avg. Duration
0.8 yrs
AAA
-
Avg. Coupon
AA
-
BB
52.07%
-
B and Less
38.61%
Not Rated
4.46%
A BBB Short Term
4.86% -
Foreign Currency
6.36%
-
Performance Disclosure The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than 1 You may obtain more information about bond ratings in the "Disclosure" section of the material. return data quoted herein. Call BlackRock Fund Advisors at 415-396-2100 for performance data current to the most recent month end. Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
FACT SHEETS
SPDR S&P 500 ETF - ETF Family Manager Tenure Asset Class Benchmark
State Street Bank and Trust... Team Managed N/A Lipper S&P 500 Fund Lipper S&P 500 Fund
Risk vs. Return
Ticker Inception Price 3/8/2016 52 Week High 52 Week Low
SPY 1/22/1993 $198.40 $213.50 $182.86
Max Front End Load 0.00% Max CDSC Fee 0.00% AUM $170,844,800,0 Management Fee 0.04% 12b-1 Fee 0.00%
Expense Ratio Turnover Ratio 12 Month Yield
0.10% 3.00% 2.17%
Historical Performance 6/16/06–2/29/16
Trailing Non-Standardized Returns
See Open End Mutual Fund Holding Returns – Standardized Returns
1 Month
YTD
3 Months
1 Year
3 Yrs. 3 Yrs. Ann. Cml.
5 Yrs. 5 Yrs. Ann. Cml.
Incept. Cml.
Incept. Ann.
SPY
-0.08%
-5.06%
-6.69%
-6.20%
34.84%
10.48%
60.23%
9.89%
88.89%
6.77%
1 Year
3 Years
5 Years
Since 6/16/06
Benchmark
-0.15%
-5.09%
-6.66%
-6.44%
34.72%
10.44%
59.91%
9.84%
83.07%
6.42%
Standard Deviation
12.47%
10.90%
11.88%
15.22%
Calendar Year Performance
Benchmark StDev
12.28%
10.79%
11.84%
15.23%
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
-0.50
0.96
0.83
0.38
SPY
-5.06%
1.25%
13.46%
31.61%
15.99%
1.89%
15.06%
26.37%
-36.81%
5.14%
Alpha (%)
0.33
-0.07
0.02
0.36
Benchmark
-5.09%
1.07%
13.34%
32.05%
15.71%
1.93%
14.70%
26.31%
-37.08%
5.25%
Beta
1.02
1.01
1.00
1.00
Best Period
Cmltv. Return
Bmark
Worst Period
Cmltv. Return
Bmark
Up Periods
Bmark
Down Periods
Bmark
3 Months
End5/31/09
26.07%
25.80%
End11/30/08
-29.60%
-29.66%
81
81
34
34
1 Year
End2/28/10
53.28%
53.40%
End2/28/09
-43.44%
-43.38%
82
81
24
25
3 Years
End2/29/12
97.42%
96.66%
End6/30/10
-26.75%
-27.00%
62
61
20
21
Sharpe Ratio
R2 Max.Drawdown Tracking Error
1.00
1.00
1.00
1.00
-8.48%
-8.48%
-16.03%
-50.80%
0.96%
1.27%
2.32%
3.60%
Up Market Capture
103.71%
101.26%
100.42%
101.27%
Down Market Capture
100.90%
101.76%
100.32%
99.73%
Macro Allocation
Top 10 Sectors
Top 10 Countries
Equity Properties
Top 10 Equity Holdings
Sales Growth (1 yr)
6.00%
EPS Growth (3 yr)
12.00%
Apple Inc ORD (AAPL)
3.16%
Earn. Growth (1 yr.)
12.00%
Return on Equity
28.00%
Microsoft Corp ORD (MSFT)
2.56%
$127,167 mil
Return on Assets
8.00%
Exxon Mobil Corp ORD (XOM)
1.89%
Avg. Mkt. Cap. Price/Earnings Price/Book
24.62 5.27
Return on Cap. (3yr)
12.00%
Johnson & Johnson ORD (JNJ)
1.68%
Oprt. C. Flow (3 yr)
10.00%
General Electric Co ORD (GE)
1.60%
Facebook Inc ORD (FB)
1.48%
Berkshire Hathaway Inc ORD (BRK.B)
1.42%
Wells Fargo & Co ORD (WFC)
1.36%
Amazon.com Inc ORD (AMZN)
1.31%
AT&T Inc ORD (T)
1.29%
Performance Disclosure The Performance Data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate; thus an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than return data quoted herein. Call State Street Bank and Trust Company for performance data current to the most recent month end. Please refer to the Risk vs. Return section at the end of this report for an explanation of the terms used to present performance statistics.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
Investments — Target 50: 6/16/06–2/29/16
Begin End Date Date iShares:20+ Trs Bd ETF
Initial Investment
Reinvest Avg. Income- Avg. Front RedemptionCap. End Load CDSC Fees Gains
Avg. RedemptionCDSC Months
Avg. Trans. Fees
Annual Fees
Ending Value
6/16/06
2/29/16
$1,200.00
Yes-Yes
-
None-None
None-None
-
-
$2,440.83
iShares:Core US Agg Bd 6/16/06
2/29/16
$2,400.00
Yes-Yes
-
None-None
None-None
-
-
$4,461.19
iShares:iBoxx $HY Corp
6/16/06
2/29/16
$480.00
Yes-Yes
-
None-None
None-None
-
-
$810.63
iShares:iBoxx $IG Corp
6/16/06
2/29/16
$720.00
Yes-Yes
-
None-None
None-None
-
-
$1,319.56
iShares:MSCI Denmark Cp6/16/06
2/29/16
$180.00
Yes-Yes
-
None-None
None-None
-
-
$315.76
iShares:MSCI Em Mkts
6/16/06
2/29/16
$180.00
Yes-Yes
-
None-None
None-None
-
-
$253.13
iShares:MSCI Germany
6/16/06
2/29/16
$260.00
Yes-Yes
-
None-None
None-None
-
-
$387.03
iShares:MSCI Ireland Cp 6/16/06
2/29/16
$180.00
Yes-Yes
-
None-None
None-None
-
-
$308.26
iShares:MSCI Japan
6/16/06
2/29/16
$750.00
Yes-Yes
-
None-None
None-None
-
-
$1,147.37
iShares:US Med Dev ETF 6/16/06
2/29/16
$140.00
Yes-Yes
-
None-None
None-None
-
-
$249.03
iShares:US Pharma ETF 6/16/06
2/29/16
$160.00
Yes-Yes
-
None-None
None-None
-
-
$228.37
Lipper Inst Money Markets6/16/06
2/29/16
$200.00
No-No
-
None-None
None-None
-
-
$361.23
Schwab Str:US REIT ETF 6/16/06
2/29/16
$100.00
Yes-Yes
-
None-None
None-None
-
-
$186.49
Sel Sector:Tech SPDR
6/16/06
2/29/16
$100.00
Yes-Yes
-
None-None
None-None
-
-
$176.76
SPDR S&P 500 ETF
6/16/06
2/29/16
$1,160.00
Yes-Yes
-
None-None
None-None
-
-
$1,968.58
SPDR S&P Insurance ETF 6/16/06
2/29/16
$90.00
Yes-Yes
-
None-None
None-None
-
-
$154.41
Vanguard Cnsmr Stp;ETF 6/16/06
2/29/16
$220.00
Yes-Yes
-
None-None
None-None
-
-
$424.97
Vanguard FTSE Euro ETF 6/16/06
2/29/16
$880.00
Yes-Yes
-
None-None
None-None
-
-
$1,327.29
Vanguard Tele Indx;ETF
6/16/06
2/29/16
$170.00
Yes-Yes
-
None-None
None-None
-
-
$321.26
Vanguard Util Indx;ETF
6/16/06
2/29/16
$170.00
Yes-Yes
-
None-None
None-None
-
-
$342.87
WisdomTree:Eur SC Div 6/16/06
2/29/16
$260.00
Yes-Yes
-
None-None
None-None
-
-
$423.57
Reinvest Avg. Income- Avg. Front RedemptionCap. End Load CDSC Fees Gains
Avg. RedemptionCDSC Months
Avg. Trans. Fees
Annual Fees
Ending Value
Investments — Target 50 — Sample Prospect: 6/16/06–2/29/16
Begin End Date Date
Initial Investment
American Funds AMCP;A 6/16/06
2/29/16
$2,727.27
Yes-Yes
5.75%
None-None
None-None
-
-
$4,247.77
American Funds Bond;A 6/16/06
2/29/16
$4,545.45
Yes-Yes
3.75%
None-None
None-None
-
-
$8,042.67
American Funds EuPc;A 6/16/06
2/29/16
$1,363.64
Yes-Yes
5.75%
None-None
None-None
-
-
$1,984.20
American Funds Gro;A
2/29/16
$1,363.64
Yes-Yes
5.75%
None-None
None-None
-
-
$2,147.66
6/16/06
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the recent month end, please visit the Fund Families', Insurance Company, Stock, Closed End Fund or ETF Investor Websites or call them directly. Asset Class Performance returns do not reflect any management fees, transaction cost or expenses. Asset Classes and Indexes are unmanaged and one cannot invest directly in an Asset Class or Index. Inception Date refers to the date of First Public Offering. 5 Years, 10 Years and Since Inception (FPO) Returns are Annualized. *Date of First Public Offering.
Asset Allocation & Investment Detail Non-Adjusted Returns (Target 50)
Name (Symbol)
Portfolio %
Inception Performance Date* As of Date
1 Year
5 Years 10 Years
Max. Max. Since Expense Front End RedemptionInception Ratio Load CDSC Fees
Lipper BBB Rated Fund (^QJFW)
7.20%
-
2/29/16
-2.02%
4.53%
5.12%
-
-
-
-
iShares:iBoxx $IG Corp (LQD)
7.20%
7/22/02
2/29/16
-2.19%
4.98%
5.39%
5.55%
0.00%
-
0.15%
Lipper Consumer Services (^FLTC)
2.20%
-
2/29/16
-5.50%
12.74%
-
-
-
-
-
Vanguard Cnsmr Stp;ETF (VDC)
2.20%
1/26/04
2/29/16
3.39%
14.47%
11.04%
10.34%
0.00%
-
0.10%
Lipper Core Bd Fd IX (^C6RX)
24.00%
-
2/29/16
0.56%
3.72%
4.54%
-
-
-
-
iShares:Core US Agg Bd (AGG)
24.00%
9/22/03
2/29/16
1.44%
3.50%
4.54%
4.30%
0.00%
-
0.08%
Lipper Emerging Markets Fund (^SBFZ)
1.80%
-
2/29/16
-22.13%
-4.60%
1.53%
-
-
-
-
iShares:MSCI Em Mkts (EEM)
1.80%
4/7/03
2/29/16
-23.82%
-6.01%
1.16%
9.80%
0.00%
-
0.69%
Lipper European Fund (^CLMT)
15.00%
-
2/29/16
-12.18%
2.68%
3.64%
-
-
-
-
Vanguard FTSE Euro ETF (VGK)
8.80%
3/4/05
2/29/16
-15.70%
0.95%
2.09%
2.93%
0.00%
-
0.12%
iShares:MSCI Denmark Cp (EDEN)
1.80%
1/25/12
2/29/16
5.18%
-
-
20.21%
0.00%
-
0.53%
iShares:MSCI Germany (EWG)
2.60%
3/12/96
2/29/16
-19.51%
0.25%
3.01%
5.28%
0.00%
-
0.48%
iShares:MSCI Ireland Cp (EIRL)
1.80%
5/5/10
2/29/16
1.20%
13.54%
-
11.24%
0.00%
-
0.48%
Lipper Financial Services Fund (^TJLM)
0.90%
-
2/29/16
-10.60%
6.36%
-0.50%
-
-
-
-
SPDR S&P Insurance ETF (KIE)
0.90%
11/8/05
2/29/16
-0.81%
9.29%
4.03%
3.94%
0.00%
-
0.35%
Lipper General US Treas (^CPZQ)
12.00%
-
2/29/16
3.32%
7.26%
-
-
-
-
-
iShares:20+ Trs Bd ETF (TLT)
12.00%
7/22/02
2/29/16
3.67%
10.42%
7.48%
7.57%
-
-
0.15%
Lipper Glb Eq Inc Fd IX (^BY47)
2.60%
-
2/29/16
-9.29%
3.90%
-
-
-
-
-
WisdomTree:Eur SC Div (DFE)
2.60%
6/16/06
2/29/16
-4.95%
7.21%
-
5.09%
0.00%
-
0.58%
Lipper Health/Biotech Fund (^LBRF)
3.00%
-
2/29/16
-18.44%
17.91%
10.82%
-
-
-
-
iShares:US Med Dev ETF (IHI)
1.40%
5/1/06
2/29/16
-1.01%
13.51%
-
9.48%
0.00%
-
0.43%
iShares:US Pharma ETF (IHE)
1.60%
5/1/06
2/29/16
-17.48%
17.92%
-
12.34%
0.00%
-
0.43%
Lipper High Current Yield Bd (^VHCJ)
4.80%
-
2/29/16
-9.01%
3.35%
5.12%
-
-
-
-
iShares:iBoxx $HY Corp (HYG)
4.80%
4/4/07
2/29/16
-8.76%
3.34%
-
4.49%
0.00%
-
0.50%
Lipper Inst Money Markets (^QFWP)
2.00%
-
2/29/16
0.15%
0.10%
1.34%
-
-
-
-
Lipper Japan Funds (^VKVL)
7.50%
-
2/29/16
-2.19%
5.29%
0.66%
-
-
-
-
iShares:MSCI Japan (EWJ)
7.50%
3/12/96
2/29/16
-10.18%
0.63%
-1.10%
-0.56%
0.00%
-
0.48%
Lipper Real Estate Fund (^KSWV)
1.00%
-
2/29/16
-5.21%
8.41%
5.98%
-
-
-
-
Schwab Str:US REIT ETF (SCHH)
1.00%
1/12/11
2/29/16
-3.41%
9.34%
-
10.79%
0.00%
-
0.07%
Lipper S&P 500 Fund (^DCDB)
11.60%
-
2/29/16
-6.44%
9.84%
6.20%
-
-
-
-
SPDR S&P 500 ETF (SPY)
11.60%
1/22/93
2/29/16
-6.23%
10.02%
6.35%
8.66%
0.00%
-
0.10%
Lipper Science & Tech Fund (^MDNW)
1.00%
-
2/29/16
-9.72%
7.98%
6.91%
-
-
-
-
Sel Sector:Tech SPDR (XLK)
1.00%
12/16/98
2/29/16
-3.06%
11.04%
8.14%
2.90%
0.00%
-
0.14%
Lipper Telecom Fund (^ZMZW)
1.70%
-
2/29/16
-6.07%
6.41%
4.04%
-
-
-
-
Vanguard Tele Indx;ETF (VOX)
1.70%
9/23/04
2/29/16
3.44%
9.51%
7.10%
8.26%
0.00%
-
0.10%
Lipper Utility Fund (^SQVG)
1.70%
-
2/29/16
-5.53%
8.75%
7.03%
-
-
-
-
Vanguard Util Indx;ETF (VPU)
1.70%
1/26/04
2/29/16
5.51%
11.68%
7.76%
9.62%
0.00%
-
0.10%
Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the recent month end, please visit the Fund Families', Insurance Company, Stock, Closed End Fund or ETF Investor Websites or call them directly. Asset Class Performance returns do not reflect any management fees, transaction cost or expenses. Asset Classes and Indexes are unmanaged and one cannot invest directly in an Asset Class or Index. Inception Date refers to the date of First Public Offering. 5 Years, 10 Years and Since Inception (FPO)
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 Returns are Annualized. *Date of First Public Offering.
Asset Allocation & Investment Detail Non-Adjusted Returns (Sample Prospect)
Name (Symbol)
Portfolio %
Inception Performance Date* As of Date
1 Year
5 Years 10 Years
Max. Max. Since Expense Front End RedemptionInception Ratio Load CDSC Fees
Lipper Core Bd Fd IX (^C6RX)
45.45%
-
2/29/16
0.56%
3.72%
4.54%
-
-
-
-
American Funds Bond;A (ABNDX)
45.45%
5/28/74
2/29/16
0.52%
3.38%
3.40%
7.79%
3.75%
-
0.60%
Lipper Intl Large-Cap Growth (^CNGS)
13.64%
-
2/29/16
-14.41%
1.13%
2.30%
-
-
-
-
American Funds EuPc;A (AEPGX)
13.64%
4/16/84
2/29/16
-14.45%
1.13%
3.13%
10.41%
5.75%
-
0.83%
Lipper Large-Cap Growth (^WCMD)
13.64%
-
2/29/16
-8.52%
8.96%
5.97%
-
-
-
-
American Funds Gro;A (AGTHX)
13.64%
11/1/58
2/29/16
-7.51%
8.99%
5.99%
13.25%
5.75%
-
0.65%
Lipper Mlt-Cap Core (^HXBN)
27.27%
-
2/29/16
-9.82%
7.61%
5.51%
-
-
-
-
American Funds AMCP;A (AMCPX)
27.27%
5/1/67
2/29/16
-8.34%
10.01%
6.73%
11.23%
5.75%
-
0.68%
Asset Performance Horizon *Earliest
share class performance and asset class Index returns may be appended to investment returns where historical data for the investment is deemed insufficient to provide statistically accurate results or as a broad representation of investment performance. These benchmark rates of returns should not be considered as exact replications of the investment returns, but rather as an approximation for illustrative purposes. The projections or other information generated by this report regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
Asset Name
Detailed Analytics Performance Table Starting Date
Hypothetical Performance
Ending Date Starting Date
Ending Date
Barclay US Agg TR (^TLSC)
6/16/06
2/29/16
DJ Moderate IX (^YTKN)
6/16/06
2/29/16
Lipper BBB Rated Fund (^QJFW) iShares Trust: iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) Lipper Consumer Services (^FLTC)
1/1/85
2/29/16
6/16/06
2/29/16
7/22/02
2/29/16
6/16/06
2/29/16
7/1/07
2/29/16
6/16/06
2/29/16
Vanguard World Funds: Vanguard Consumer Staples Index Fund; ETF Shares (VDC)
1/26/04
2/29/16
6/16/06
2/29/16
Lipper Core Bd Fd IX (^C6RX)
10/1/88
2/29/16
6/16/06
2/29/16
Bond Fund of America; A (ABNDX)
5/28/74
2/29/16
6/16/06
2/29/16
iShares Trust: iShares Core US Aggregate Bond ETF (AGG)
9/22/03
2/29/16
6/16/06
2/29/16
1/1/94
2/29/16
6/16/06
2/29/16
Lipper Emerging Markets Fund (^SBFZ) iShares, Inc: iShares MSCI Emerging Markets ETF (EEM)
4/7/03
2/29/16
6/16/06
2/29/16
Lipper European Fund (^CLMT)
1/1/91
2/29/16
6/16/06
2/29/16
1/25/12
2/29/16
1/25/12
2/29/16
6/16/06
1/24/12
*iShares
Trust: iShares MSCI Denmark Capped ETF (EDEN)
Lipper European Fund (^CLMT) *iShares
Trust: iShares MSCI Ireland Capped ETF (EIRL)
5/5/10
2/29/16
Lipper European Fund (^CLMT) iShares, Inc: iShares MSCI Germany ETF (EWG) Vanguard International Equity Index Funds: Vanguard European Stock Index Fund; Vanguard FTSE Europe ETF (VGK) Lipper Financial Services Fund (^TJLM) SPDR Series Trust: SPDR S&P Insurance ETF (KIE) Lipper General US Treas (^CPZQ) iShares Trust: iShares 20+ Year Treasury Bond ETF (TLT) Lipper Glb Eq Inc Fd IX (^BY47)
5/5/10
2/29/16
6/16/06
5/4/10
3/12/96
2/29/16
6/16/06
2/29/16
3/4/05
2/29/16
6/16/06
2/29/16
1/1/92
2/29/16
6/16/06
2/29/16
11/8/05
2/29/16
6/16/06
2/29/16
4/1/08
2/29/16
6/16/06
2/29/16
7/22/02
2/29/16
6/16/06
2/29/16
7/1/09
2/29/16
6/16/06
2/29/16
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
Asset Name
Detailed Analytics Performance Table Starting Date
WisdomTree Trust: WisdomTree Europe SmallCap Dividend Fund (DFE)
Hypothetical Performance
Ending Date Starting Date
Ending Date
6/16/06
2/29/16
6/16/06
2/29/16
Lipper Health/Biotech Fund (^LBRF)
1/1/92
2/29/16
6/16/06
2/29/16
iShares Trust: iShares US Medical Devices ETF (IHI)
5/1/06
2/29/16
6/16/06
2/29/16
iShares Trust: iShares US Pharmaceuticals ETF (IHE)
5/1/06
2/29/16
6/16/06
2/29/16
Lipper High Current Yield Bd (^VHCJ)
1/1/78
2/29/16
4/4/07
2/29/16
*iShares
4/4/07
2/29/16
Trust: iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
Lipper High Current Yield Bd (^VHCJ)
4/4/07
2/29/16
6/16/06
4/3/07
Lipper Inst Money Markets (^QFWP)
1/1/84
2/29/16
6/16/06
2/29/16
Lipper Intl Large-Cap Growth (^CNGS)
4/1/99
2/29/16
6/16/06
2/29/16
EuroPacific Growth Fund; Class A Shares (AEPGX) Lipper Japan Funds (^VKVL) iShares, Inc: iShares MSCI Japan ETF (EWJ) Lipper Large-Cap Growth (^WCMD) Growth Fund of America; Class A Shares (AGTHX) Lipper Mlt-Cap Core (^HXBN)
4/16/84
2/29/16
6/16/06
2/29/16
1/1/96
2/29/16
6/16/06
2/29/16
3/12/96
2/29/16
6/16/06
2/29/16
1/1/74
2/29/16
6/16/06
2/29/16
12/31/59
2/29/16
6/16/06
2/29/16
1/1/63
2/29/16
6/16/06
2/29/16
AMCAP Fund; Class A Shares (AMCPX)
5/1/67
2/29/16
6/16/06
2/29/16
Lipper Real Estate Fund (^KSWV)
1/1/96
2/29/16
1/12/11
2/29/16
1/12/11
2/29/16
1/12/11
2/29/16
6/16/06
1/11/11
*Schwab
Strategic Trust: Schwab US REIT ETF (SCHH)
Lipper Real Estate Fund (^KSWV) Lipper S&P 500 Fund (^DCDB)
1/1/91
2/29/16
6/16/06
2/29/16
SPDR S&P 500 ETF Trust (SPY)
1/22/93
2/29/16
6/16/06
2/29/16
Lipper Science & Tech Fund (^MDNW) Select Sector SPDR Trust: Technology Select Sector SPDR Fund (XLK) Lipper Telecom Fund (^ZMZW)
1/1/87
2/29/16
6/16/06
2/29/16
12/16/98
2/29/16
6/16/06
2/29/16
4/1/99
2/29/16
6/16/06
2/29/16
9/23/04
2/29/16
6/16/06
2/29/16
1/1/89
2/29/16
6/16/06
2/29/16
1/26/04
2/29/16
6/16/06
2/29/16
MSCI AC World P (^KXML)
6/16/06
2/29/16
S&P 500 Comp P (^TDFT)
6/16/06
2/29/16
Vanguard World Funds: Vanguard Telecommunication Services Index Fund; ETF Shares (VOX) Lipper Utility Fund (^SQVG) Vanguard World Funds: Vanguard Utilities Index Fund; ETF Shares (VPU)
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 The Standardized Average Annual Total Return figures shown are calculated using the formula in form N-1A as mandated by the Securities and Exchange Commission. The calculations take into account the maximum sales and/or redemption charges currently in effect, and any annual expenses assessed. The figures assume a one-time lump sum investment, reinvestment of dividends and capital gains and do not include the effect of taxation. Standardized returns may be different than all other calculations in this report which use actual historical performance numbers, use the criteria specified herein and may not reflect fund expenses or taxation. When comparing yield and total return performance data for a money market fund, the yield quotation will more closely reflect the current earnings of the fund than the total return quotation. 5 Years, 10 Years and Since Inception Returns are Annualized. *SEC Inception.
Open End Mutual Fund Holding Standardized Returns Standardized Returns
Name (Symbol)
Inception Performance Date* As of Date
7 Day Yield
1 Year
5 Years
10 Years
Max. Max. Since Expense Front End RedemptionInception Ratio Load CDSC Fees
American Funds AMCP;A (AMCPX)
5/1/67
1/31/16
-
-9.30%
9.22%
5.99%
-
5.75%
0.00%-0.00%
0.68%
American Funds Bond;A (ABNDX)
5/28/74
1/31/16
-
-4.58%
2.58%
2.98%
-
3.75%
0.00%-0.00%
0.60%
4/16/84
1/31/16
-
-13.10%
1.04%
2.73%
-
5.75%
0.00%-0.00%
0.83%
11/30/73
1/31/16
-
-7.04%
8.66%
5.20%
-
5.75%
0.00%-0.00%
0.65%
American Funds EuPc;A (AEPGX) American Funds Gro;A (AGTHX)
After-tax returns are calculated using the historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through taxdeferred arrangements, such as 401(k) plans or individual retirement accounts. After-Tax Returns on Distribution take into account the effect of taxes upon the reinvestment of distributions and dividends into the fund. After-Tax Returns on Distribution & Sale of Shares are the same except that an assumption is made that the investor sells the holding at the end of the measurement period, incurring any capital gains taxes on the initial investment. 5 Years, 10 Years and Since Inception (SEC) Returns are Annualized. After-Tax Returns on Distribution
After-Tax Returns on Distribution & Sale of Shares
Performance As of Date
1 Year
5 Years
10 Years
Since Inception
1 Year
5 Years
10 Years
Since Inception
American Funds AMCP;A (AMCPX)
1/31/16
-11.06%
7.88%
5.08%
-
-3.62%
7.30%
4.81%
-
American Funds Bond;A (ABNDX)
1/31/16
-5.41%
1.59%
1.59%
-
-2.60%
1.57%
1.73%
-
American Funds EuPc;A (AEPGX)
1/31/16
-13.70%
0.69%
2.17%
-
-6.85%
0.86%
2.32%
-
American Funds Gro;A (AGTHX)
1/31/16
-8.96%
7.24%
4.22%
-
-2.42%
6.72%
4.04%
-
Name (Symbol)
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
Asset Class Index Definitions
Index Name
Definition
Barclays Capital US Aggregate Total Return Index (^TLSC)
The U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollardenominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. The U.S. Aggregate rolls up into other Barclays Capital flagship indices such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. The U.S. Aggregate Index was created in 1986, with index history backfilled to January 1, 1976. Total Return assumes yield is reinvested. Visit https://ecommerce.barcap.com/indices for more information regarding Barclays Capital indices.
Dow Jones Moderate Index (^YTKN)
Visit http://www.djindexes.com/ for more information regarding Dow Jones indices.
Lipper BBB Rated Fund (^QJFW)
A pooled fund index consisting of funds that invest at least 65% of their assets in corporate and government debt issues rated in the top four grades. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Consumer Services (^FLTC)
A pooled fund index consisting of funds that invest primarily in the equity securities of domestic and foreign companies engaged in providing consumer services, including the services segment of hotels, restaurants, and other leisure facilities; media production and services; and consumer retail and services. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Emerging Markets Fund (^SBFZ)
A pooled fund index consisting of funds that seek long-term capital appreciation by investing at least 65% of total assets in emerging market equity securities, where "emerging market" is defined by a country's GNP per capita or other economic measures. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper European Fund (^CLMT)
A pooled fund index consisting of funds that concentrates their investments in equity securities whose primary trading markets or operations are concentrated in the European region or a single country within this region. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Financial Services Fund (^TJLM)
A pooled fund index consisting of funds that invest primarily in equity securities of domestic companies engaged in providing financial services, including but not limited to banks, finance companies, insurance companies, and securities/brokerage firms. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper General US Treas (^CPZQ)
A pooled fund index consisting of funds that invest primarily in U.S. Treasury bills, notes, and bonds. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Health/Biotech Fund (^LBRF)
A pooled fund index consisting of funds that invest primarily in the equity securities of domestic companies engaged in health care, medicine, and biotechnology. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper High Current Yield Bd (^VHCJ)
A pooled fund index consisting of funds that aim at high (relative) current yield from fixed income securities, have no quality or maturity restrictions, and tend to invest in lower-grade debt issues. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Inst Money Markets (^QFWP)
A pooled fund index consisting of funds that invest in high-quality financial instruments rated in top two grades with dollar-weighted average maturities of less than 90 days. These funds are commonly limited to 401K and pension participants and often require high minimum investments and have lower total expense ratios relative to other money market funds. They intend to keep constant net asset value.Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Intl Large-Cap Growth (^CNGS)
A pooled fund index consisting of funds that, by portfolio practice, invest at least 75% of their equity assets in companies strictly outside of the U.S. with market capitalizations (on a three-year weighted basis) above Lipper's international large-cap floor. International large-cap growth funds typically have an above-average price-to-cash flow ratio, price-to-book ratio, and three-year sales-per-share growth value compared to their large-cap-specific subset of the S&P/Citigroup World ex-U.S. BMI. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Japan Funds (^VKVL)
A pooled fund index consisting of funds that concentrate their investments in equity securities of Japanese companies. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Large-Cap Growth (^WCMD)
A pooled fund index consisting of funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper's USDE large-cap floor. Large-cap growth funds typically have an above-average price-to-earnings ratio, price-to-book ratio, and a threeyear sales-per-share growth value, compared to the S&P 500 Index.Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Mlt-Cap Core (^HXBN)
A pooled fund index consisting of funds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Multi-cap core funds typically have an average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P SuperComposite 1500 Index. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Real Estate Fund (^KSWV)
A pooled fund index consisting of funds that invest their equity portfolio primarily in shares of domestic companies engaged in the real estate industry. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper S&P 500 Fund (^DCDB)
A pooled fund index consisting of funds that are passively managed and commit by prospectus language to replicate the performance of the S&P 500 Index (including reinvested dividends). In addition, S&P 500 Index
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16
Index Name
Definition objective funds have limited expenses (advisor fee no higher than 0.50%). Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Science & Tech Fund (^MDNW)
A pooled fund index consisting of funds that invest primarily in the equity securities of domestic companies engaged in science and technology. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Telecom Fund (^ZMZW)
A pooled fund index consisting of funds that invest primarily in equity securities of domestic and foreign companies engaged in the development, manufacture, or sale of telecommunications services or equipment. Visit http://www.lipperweb.com for more information regarding Lipper indices.
Lipper Utility Fund (^SQVG)
A pooled fund index consisting of funds that invest primarily in the equity securities of domestic and foreign companies providing utilities.Visit http://www.lipperweb.com for more information regarding Lipper indices.
MSCI All Countries World Price Only Index (^KXML)
The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. As of May 27, 2010 the MSCI ACWI consisted of 45 country indices comprising 24 developed and 21 emerging market country indices. The developed market country indices included are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. The emerging market country indices included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey. Total Return Indices measure the market performance, including both price performance and income from dividend payments. Gross Dividends (GD) approximates the maximum possible dividend reinvestment. The amount reinvested is the entire dividend distributed to individuals resident in the country of the company, but does not include tax credits.Net Dividends (ND) approximates the minimum possible dividend reinvestment. The dividend is reinvested after deduction of withholding tax, applying the rate to non-resident individuals who do not benefit from double taxation treaties. MSCI uses withholding tax rates applicable to Luxembourg holding companies, as Luxembourg applies the highest rates. Price Only (P) assumes no dividend reinvestment.Visit http://www.mscibarra.com/products/indices/ for more information regarding MSCI indices.
S&P 500 Composite Price Only Index (^TDFT)
The S&P 500 is a gauge of the large cap U.S. equities market. The index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. Price Only assumes dividends are not reinvested. Visit http://www.standardandpoors.com/indices for more information regarding Standard & Poor's indices.
Benchmark Disclosure The volatility of the benchmark used to compare performance is materially different from that of the asset or portfolio.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 Disclosures
Disclaimers
A Hypothetical Illustration is a simulated analytic that assumes the portfolio investment(s) were purchased on their given Begin Date(s). Front End and Redemption fee Sales Charges, Tax Charges and Transaction Fee Charges are taken into account at the rates specified under Investment Assumptions and may be higher or lower that what an investor would have actually paid had the investments been purchased then or now. The performance data represents past performance and is not indicative of future results. Principal value and investment returns will fluctuate and investor’s shares/units, when redeemed, may be worth more or less than the original investment. When using this report investors are advised to consult the accompanying glossary of investment terms.
This material is based upon information that we consider to be reliable, but AdvisoryWorld does not warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. AdvisoryWorld is not responsible for any errors or omissions or for results obtained from the use of this information.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. A reference to a particular investment or security is not a recommendation to buy, hold or sell such investment or security, nor is it considered to be investment advice. This material does not take into account your particular investment objectives, financial situations or needs, brokerage commissions and taxes and is not intended as a recommendation of particular securities, financial instruments or strategies to you. Securities, financial investments or strategies mentioned herein may not be suitable for all investors. AdvisoryWorld nor its affiliates are responsible for suitability. Information expressed herein is given in good faith, is subject to change without notice, and is only current as of the date of this issue. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. Please note the following as it pertains to the hypothetical model performance results shown in the report: there are inherent limitations of showing data derived from the retroactive application of a model. Unlike actual performance, these results may not accurately reflect the effect of certain material economic or market factors, and therefore, results may be over or under-stated due to the impact of these factors. Since these results do not represent actual trading, it is unknown what effects these factors might have had on the advisor’s decision-making if it were actually managing the client funds during the time period highlighted. No representation is being made that any fund or account will or is likely to achieve profits or losses similar to those shown herein. In fact, there are often sharp differences between hypothetical performance results and the actual results subsequently realized by a client’s portfolio The hypothetical results presented herein are for illustrative purposes only.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments, strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Separate Account Manager Data © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
IMPORTANT: The projections or other information generated by this report regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The underlying holdings of the portfolio are not federally or FDIC-insured and are not deposits or obligations of, or guaranteed by, any financial institution. Investing in securities involves investment risks including possible loss of principal and fluctuation in value. An investment in a Money Market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a Money Market seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. The information in this report is from the most recent information available to AdvisoryWorld and Lipper as of the release date, and may or may not be an accurate reflection of the current composition of the investments, holdings or issues included in the portfolio. There is no assurance that the weightings, composition and ratios will remain the same. Results produced by previous simulations are subject to change due to market condition changes since date of first use. Performance for Closed-End Funds and Exchange Traded Funds is calculated based on the fund’s end of day market prices. This report must be preceded or accompanied by any included investment’s current prospectus or equivalent. In all cases, this disclosure statement should accompany the Hypothetical Illustration, Portfolio Overview, Portfolio Comparison and/or Investment report(s). AdvisoryWorld and Lipper are not themselves FINRA-member firms.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 Performance Summary Graph and Detail Summary and Total Summary Table Risk vs. Return The Performance Summary Graph plots the approximate market value of investments, indices or portfolios over the investment horizon. It may also include the total investment assumed in the illustration and/or comparative hypothetical(s) or benchmark(s). Total investment includes dollar inflows and outflows, including outflows representing taxes and fees paid out of pocket. If a benchmark index or blended benchmark is included on the graph, it assumes a similar pattern of investment and withdrawal as that of the investments, indices or portfolios. Direct investment in an index is not possible. Indexes are unmanaged portfolios representing different asset classes, with varying levels of associated risk. The benchmark index or blended benchmark index included in the graph may or may not represent an appropriate or accurate comparison with the investments, indices or portfolios illustrated.
Standard Deviation A measure of the variability of an investment’s or portfolio’s returns. All standard deviations shown have been annualized. Alpha A coefficient which measures risk-adjusted performance, factoring in the risk due to the specific investment or portfolio, rather than the overall market. A high value for alpha implies that the investment or portfolio has performed better than would have been expected given its beta.
Benchmark Beta A blended asset class benchmark may be used for all comparison purposes in the Hypothetical and Portfolio Overview. This blended benchmark consists of the weighted blend of all asset allocations that make up the portfolio. Performance of this benchmark is displayed as being greater than (+) or less than (-) the investment or portfolio.
A quantitative measure of the volatility of a given investment or portfolio, relative to its benchmark.. Specifically, the performance the investment or portfolio has experienced historically as the benchmark moved 1% up or down. A beta above 1 is more volatile than the overall market, while a beta below 1 is less volatile.
Trailing Performance R2 Cumulative Return Non-annualized performance over a given period of time.
A measurement of how closely an investment or a portfolio's performance correlates with the performance of a benchmark and thus a measurement of what portion of its performance can be explained by the performance of the overall market or index.
Annualized Return Sharpe Ratio The geometric mean of cumulative returns with respect to one year. Risk Adjusted
A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's or investments’ historical risk-adjusted performance.
A measure of how much an investment returned in relation to the amount of risk it took on. Often used to compare a high-risk, potentially high-return investment with a low-risk, lower-return investment.
Sterling Ratio
Best & Worse Analysis
This risk-reward measure determines which Portfolio or investments have the highest returns while enduring the least amount of volatility. The formula is as follows: (Compounded Annual Return)/(Average Maximum Draw-down-10%).
Best Period Cumulative Return Sortino Ratio The highest rolling 3 month, 12 month and 36 month rolling period total return since inception. Worst Period Cumulative Return
The Sortino ratio subtracts the risk-free rate of return from the portfolio’s return, and then divides that by the downside deviation. A large Sortino ratio indicates there is a low probability of a large loss.
The lowest rolling 3 month, 12 month and 36 month rolling period total return since inception. Treynor Ratio Investment Detail % of Portfolio
A risk-adjusted measure of return which uses beta to represent risk. Treynor Ratio = (Annualized Return of Portfolio or Investment- Annualized Return of Cash Equivalent)) / (Beta of Portfolio or Investment to Benchmark).
The value of an investment as a percentage of a portfolio’s total value. Maximum Drawdown Max. Front End Load The highest sales charge or commission paid when purchasing an investment, such as a mutual fund or an annuity.
The largest total percentage loss experienced by a strategy before it starts winning again during a period of time under study. Tracking Error
Max. Redemption and/or CDSC fee The highest sales charge or commission paid when selling an investment, such as a mutual fund or an annuity.
A measure of how closely a portfolio or investment follows the index to which it is benchmarked. It is equal to the root-mean-square of the difference between the portfolio or investment and index returns.
Expense Ratio
Up Market Capture
The expense ratio is a percentage of assets deducted each year for management fees, distribution fees (12b-1), and any other expenses, gross of any fee waivers or expense reimbursements. The expense ratio does not include brokerage costs for trading the portfolio.
The up capture is the quotient of the annualized return of the portfolio or investments nonnegative, non-zero returns, divided by the annualized return of the benchmark non-negative, non-zero returns.
Earnings Growth 1 Year
Down Market Capture
Net Margin is a ratio of a stock’s net profits to its revenues. Net Margin measures how much of each dollar earned by the company is translated into profits. Average Net Margin is the weighted average of all Net Margins for each stock and/or stock issue stake in the portfolio.
The down capture is the quotient of the annualized return of the portfolio or investments nonpositive, non-zero returns, divided by the annualized return of the benchmark nonpositive, nonzero returns.
Average 3 year Return on Total Equity
Batting Average
Return on Equity is the percentage a company earns on its shareholders’ equity in a given year. It is calculated by dividing net income by end of year net worth.
The ratio between the number of periods where the portfolio or investment outperforms a benchmark and the total number of periods.
Average 3 year Return on Capital
Standardized Returns For mutual funds, standardized return is total return adjusted for sales charges, and reflects all ongoing fund expenses. For money-market mutual funds, 7-Day Yield more closely reflects the current earnings than the total return quotation. The charges and expenses used in the standardized returns are obtained from the most recent prospectus and/or shareholder report available to Standard & Poor’s or Lipper.
Return on Capital is a measure of how effectively a company uses the money invested in its operations. It is calculated by taking the average 3 years net operating income after taxes divided by average 3 years total assets less average 3 years cash and investments and average 3 years non-interest-bearing liabilities.
©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.
Data as of 3/9/16 Non-Standardized Returns For mutual funds, Closed End Funds, ETFs, Variable Annuity Sub-Accounts and Stocks, nonstandardized return is total return unadjusted for sales charges, and reflects all ongoing fund expenses.
This graphic displays the allocation of the portfolio’s stocks to various industry sectors. Top 10 Equity Holdings Holding As of date
Investment Advisory Fees Investment returns do not necessarily reflect the deduction of all investment advisory fees. Investment returns may be reduced if additional fees are incurred.
The date the investment last reported its holdings. Holding % of Portfolio
Standard Advisor Fees Your advisor may apply a standard fee schedule to the illustration. Standard fees may vary as displayed in the Standard Advisor Fees table based on the market value of investments, indices or portfolios over the investment horizon.
The total % of the portfolio allocated to a certain underlying holding. This figure is calculated as a weighted sum of Holder’s Portfolio percentages. % of Holder’s Portfolio
Equity Properties* Market Capitalization
The % of a mutual fund, closed end fund, exchange traded fund or variable annuity subaccount allocated to a certain underlying holding.
The average Market Capitalization is calculated as a geometric mean of the market capitalization for all stocks and stock issues in the portfolio as weighted by each stock and/or stock issue stake in the portfolio.
Fixed Income Properties*
Price/Earnings (P/E)
The quality of any bond is based on the issuer’s financial ability to make interest payments and repay the loan in full at maturity. Rating services help to evaluate the creditworthiness of bonds. Some bonds, such as municipal bonds, may be insured by third parties. Standard & Poor’s use a plus or minus indicator. For example, A+ is better than A, and A is better than A-. Occasionally you may see some bonds with an “NR”. This means Not Rated and does not necessarily mean that the bonds are of low quality. It basically means that the issuer did not apply t for a rating. Government agencies are a good example of very high quality bonds that are not rated by Standard and Poors (S&P).
P/E ratio is the price of a stock divided by its earnings per share. Average P/E is the weighted average of all P/E ratios for each stock and/or stock issue stake in the portfolio. Price/Book (P/B) P/B ratio is a ratio of a stock’s price to its book value per share. Current market price per share of common stock is divided by the calculated book value per individual equity security. Average P/B is the weighted average of all P/B ratios for each stock and/or stock issue stake in the portfolio. Sales Growth 1 Year
Bond Quality
Average Coupon A proportionally weighted interest rate stated on a portfolio of bonds when they issued. A coupon is typically paid semiannually.
Increase of sales over a company’s trailing fiscal year. Duration Average 3 year Return on Assets Return on Assets is the percentage a company earns on its assets in a given year. It is calculated by dividing net income by end of year total assets. Average 3 year Return on Capital Return on Assets is the percentage indicator of how profitable a company is relative to its total assets. It is calculated by dividing net income by total assets. Average 3 year Return on Assets Return on Assets is the percentage a company earns on its assets in a given year. It is calculated by dividing net income by end of year total assets.
The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is stated in years. For example, a 5 year duration means the bond will decrease in value by 5% if interest rates rise 1% and increase in value by 5% if interest rates fall 1%. Duration is a weighted measure of the length of time the bond will pay out. Unlike maturity, duration takes into account interest payments that occur throughout the course of holding the bond. Trailing 12 Month Yield Trailing 12 Month Yield (%) is the percentage income returned by a portfolio over the past 12 months. It is calculated by taking the weighted average of the yields of the stocks and funds that compose the portfolio. Dividend yield for the underlying stocks and funds is calculated by dividing the total dollar amount the security paid out as income to shareholders by the share price.
Average 3 year EPS Growth Metrics The Average 3 Year EPS Growth is calculated by averaging the increase of EPS over the past 3 years. EPS is calculated by dividing total earnings by the number of shares outstanding. Average 3 year Operating Cash Flow The Average 3 Year Operating Cash Flow is calculated by averaging the cash generated revenues less all operating expenses, with adjustments to net income, over the a trailing 3 year period. Macro Allocation The portfolio’s “high-level” allocation to cash, U.S. & non-U.S. equities and fixed income is displayed in this graphic. The classification of “other” includes issue types that do not perfectly fit the previously mentioned classes, such as convertible bonds and preferred stocks. “Not classified” refers to the portion of the portfolio that AdvisoryWorld, Lipper or Standard & Poor’s could not classify due to missing data. In the graph and data labels, net allocation (long positions net of short) is displayed. For example, if an investment has many long equity positions, the percent of assets in the macro allocation of the portfolio may by greater than 100% whereas the percent of assets in cash is less than 0%.
Average 12 Month Yield The average 12 month yield is a proportionally weighted 12 month trailing yield from the assets in the portfolio. Average Expense Ratio The average expense ratio is a proportionally weighted percentage of assets deducted each year for management fees, distribution fees (12b-1), and any other expenses, gross of any fee waivers or expense reimbursements. The expense ratio does not include brokerage costs for trading the portfolio. Average Turnover The average turnover is a proportionally weighted measure of the percentage of holdings that an asset manager sells, or turns over, in the trailing year. For example, if a manager has a portfolio of 100 stocks at the beginning of the year, sells 75 of them and buys 75 different stocks, the turnover rate of the fund is 75%.
Asset Allocation *
The Asset Allocation pie chart combines the various asset allocation weights of the portfolio investments. See the Asset Allocation & Investment Detail table for more information.
All Equity Properties and Fixed Income Properties displayed in the Portfolio Analysis report are proportionally weighted percentages of the underlying holdings of the portfolio.
Top 10 Equity Countries This graphic displays the allocation of the portfolio’s stocks to various countries. Top 10 Equity Sectors ©AdvisoryWorld All Rights Reserved. The Information and analysis contained herein (1) Include the confidential and proprietary information of AdvisoryWorld, S&P and Lipper, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by AdvisoryWorld, S&P and Lipper, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, (5) are not warranted to be correct, complete or accurate and (6) no part of AdvisoryWorld, S&P and Lipper compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. AdvisoryWorld, S&P and Lipper shall not be held responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data or analysis and their use. This report is supplemental sales literature.