Issue link: https://mbozikis.ufcontent.com/i/1442622
Source: lbbotson Associates. This material has been obtained from sources generally considered reliable. No guarantee can be made as to its accuracy. Not intended to represent the performance of any particular investment. Indices are unmanaged and one cannot invest directly in an index. Diversification may not protect against market risk. Past performance does not guarantee future results. Asset class categories represented by: Large Cap Core = Russell® 1000 Index; International Equity = MSCI EAFE Index (Gross); Emerging Markets Equity = MSCI Emerging Markets Index (Gross); Core Fixed Income = Bloomberg Barclays U.S. Aggregate Bond Index; REIT Index = Dow Jones U.S. Select REIT Index; High Yield Bond = ICE BofA U.S. High Yield Constrained Index; Emerging Market Debt = J.P. Morgan EMBI Global Index; Large Cap Growth = Russell® 1000 Growth Index; Large Cap Value = Russell® 1000 Value Index; Small Cap Value = Russell® 2000 Value Index; Small Cap Growth = Russell® 2000 Growth Index; International Fixed Income = Citigroup Bond WGBI Non-U.S.; and 60/40 Diversified Portfolio = 24% Bloomberg Barclays U.S. Aggregate Bond Index, 19% Russell 1000 Growth Index, 18% Russell 1000 Value Index, 12% MSCI EAFE Index (Gross), 6% MSCI Emerging Markets Index (Gross), 6% Citigroup WGBI, Non-U.S. Hedged, 4% ICE BofA U.S. High Yield Constrained Index, 4% J.P. Morgan GBI Emerging Markets Global Diversified Index, 3% Russell 2000 Growth Index, 2% Russell 2000 Value, and 2% Dow Jones U.S. Select REIT Index Asset Class Returns FIGURE 1: Annual Returns for Key Indices (2010-2020) Ranked in order of performance (Best to Worst) BEST 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 REIT Index 9.3 7 % Emerging Markets Equity 1 8 .6 3 % Small Cap Growth 4 3 . 3 0 % REIT Index 3 2 .0 0 % Large Cap Growth 5 .6 7 % Small Cap Value 3 1 .7 4 % Emerging Markets Equity 3 7.7 5 % International Fixed Income 3 . 4 9 % Large Cap Growth 36.39% Large Cap Growth 38.49% Emerging Market Debt 8 . 4 6 % Emerging Market Debt 1 8 . 5 4 % Small Cap Value 3 4 . 5 2 % Large Cap Value 1 3 . 4 5 % REIT Index 4 . 4 8 % High Yield Bond 1 7. 4 9 % Large Cap Growth 3 0. 2 1 % Core Fixed Income 0.0 1 % Large Cap Core 31.43% Small Cap Growth 34.63% Core Fixed Income 7.8 4 % Small Cap Value 1 8 .0 5 % Large Cap Growth 3 3 . 4 8 % Large Cap Core 1 3 . 2 4 % International Fixed Income 1 . 5 5 % Large Cap Value 1 7. 3 4 % International Equity 2 5 .6 2 % Large Cap Growth - 1 . 5 1 % Small Cap Growth 28.48% Large Cap Core 20.96% High Yield Bond 4 .3 7 % International Equity 1 7. 9 0 % Large Cap Core 3 3 .1 1 % Large Cap Growth 1 3 .0 5 % Emerging Market Debt 1 . 2 3 % Large Cap Core 1 2 .0 5 % Small Cap Growth 2 2 .1 7 % High Yield Bond - 2 . 2 7 % Large Cap Value 26.54% Emerging Markets Equity 18.31% International Fixed Income 4 .0 6 % Large Cap Value 1 7. 5 1 % Large Cap Value 3 2 . 5 3 % International Fixed Income 9.7 7 % Large Cap Core 0. 9 2 % Emerging Markets Equity 1 1 .6 0 % Large Cap Core 2 1 .6 9 % REIT Index - 4 . 2 2 % REIT Index 23.10% 60/40 Diversified Portfolio 14.72% Large Cap Growth 2 .6 4 % REIT Index 1 7.1 2 % International Equity 2 3 . 2 9 % 60/40 Diversified Portfolio 7. 5 5 % Core Fixed Income 0. 5 5 % Small Cap Growth 1 1 . 3 2 % 60/40 Diversified Portfolio 1 5 .6 8 % 60/40 Diversified Portfolio - 4 .6 0 % Small Cap Value 22.39% International Equity 7.82% Large Cap Core 1 .5 0 % Large Cap Core 1 6 . 4 2 % 60/40 Diversified Portfolio 1 6 . 5 2 % Core Fixed Income 5 . 9 7 % 60/40 Diversified Portfolio - 0. 2 4 % Emerging Market Debt 1 0.1 9 % Large Cap Value 1 3 .6 6 % Emerging Market Debt - 4 .6 1 % International Equity 22.01% Core Fixed Income 7.51% 60/40 Diversified Portfolio 0.7 0 % High Yield Bond 1 5 . 5 5 % High Yield Bond 7. 4 1 % Small Cap Growth 5 .6 0 % International Equity - 0. 3 9 % 60/40 Diversified Portfolio 8 .7 7 % Emerging Market Debt 9. 3 2 % Large Cap Core - 4 .7 8 % 60/40 Diversified Portfolio 20.97% High Yield Bond 6.07% Large Cap Value 0.3 9 % Large Cap Growth 1 5 . 2 6 % International Fixed Income 1 . 4 2 % Emerging Market Debt 5 . 5 3 % Small Cap Growth - 1 . 3 8 % Large Cap Growth 7.0 8 % Small Cap Value 7. 8 4 % Large Cap Value - 8 . 2 7 % Emerging Markets Equity 18.42% Emerging Market Debt 5.88% Small Cap Growth -2 .9 1 % Small Cap Growth 1 4 . 5 9 % REIT Index 1 . 2 2 % Small Cap Value 4 . 2 2 % Large Cap Value - 3 . 8 3 % REIT Index 6 .6 8 % High Yield Bond 7. 4 8 % Small Cap Growth - 9. 3 1 % Emerging Market Debt 14.42% International Fixed Income 4.67% Small Cap Value -5 .5 0 % 60/40 Diversified Portfolio 1 3 . 4 1 % Core Fixed Income - 2 .0 2 % High Yield Bond 2 . 5 1 % High Yield Bond - 4 .6 1 % International Fixed Income 5 .1 3 % REIT Index 3 .7 6 % Small Cap Value - 1 2 . 8 6 % High Yield Bond 14.41% Small Cap Value 4.63% International Equity -1 1 .7 3 % International Fixed Income 5 . 5 1 % Emerging Markets Equity - 2 . 2 7 % Emerging Markets Equity - 1 . 8 2 % Small Cap Value - 7. 4 7 % Core Fixed Income 2 .6 5 % Core Fixed Income 3 . 5 4 % International Equity - 1 3 .7 9 % Core Fixed Income 8.72% Large Cap Value 2.80% Emerging MarketsEquity -1 8 .1 7 % Core Fixed Income 4 . 2 1 % Emerging Market Debt - 6 . 5 8 % International Equity - 4 . 4 8 % Emerging Markets Equity - 1 4 .6 % International Equity 1 . 5 1 % International Fixed Income 2 .0 6 % Emerging Markets Equity - 1 4 . 5 8 % International Fixed Income 8.02% REIT Index -11.20% WORST