Returns: Short-Term Component

All investments involve the risk of investment losses. Past performance is no guarantee of future results.
Disclosures Including Backtested Performance Data

Annualized Returns Ending Oct 20251 Conservative & Useful
  Oct 2025 YTD 1 Years 3 Years 5 Years 10 Years 14.8 Years
Return 0.5% 6.9% 6.3% 7.2% -0.5% 1.9% 2.5%
Standard Deviation N/A N/A 3.9 7.3 8.0 6.8 6.2
Total Growth 1% 7% 6% 23% -2% 21% 45%

Returns Rolling 10-year Annualized Short-Term ComponentReturns Graph Short-Term Component
All investments involve the risk of investment losses. Past performance is no guarantee of future results.
Disclosures Including Backtested Performance Data

Worst Average Best Years Returns ending in year (e.g. Row 5 under Column 2013 shows the 5-year returns ending in 2013)
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
-17.1 2.5 12.3 1 1.9 8.6 -17.1 -3.0 9.2 12.3 -3.0 4.6 3.0 0.3 7.0 -4.7 7.2 8.3
-10.3 2.1 10.7 2 5.2 -5.1 -10.3 2.9 10.7 4.4 0.7 3.8 1.7 3.6 1.0 1.1 7.8
-4.4 1.6 6.0 3 -2.8 -4.4 -4.2 6.0 5.9 4.4 1.5 2.6 3.4 0.8 3.0 3.4
-2.9 2.0 5.6 4 -2.9 -1.2 -0.3 3.6 5.6 4.1 1.2 3.7 1.3 2.3 4.3
-0.9 2.2 5.1 5 -0.6 1.4 -0.9 3.8 5.1 3.3 2.3 2.0 2.5 3.5
0.0 2.4 4.3 6 1.5 0.6 0.0 3.7 4.3 3.9 1.1 2.8 3.4
0.4 2.3 4.7 7 0.8 1.2 0.4 3.2 4.7 2.6 2.0 3.6
0.4 2.3 3.7 8 1.3 1.4 0.4 3.7 3.4 3.2 2.7
1.1 2.4 3.9 9 1.5 1.3 1.1 2.7 3.9 3.8
0.5 2.2 4.3 10 1.4 1.8 0.5 3.1 4.3
1.1 2.0 3.6 11 1.9 1.2 1.1 3.6
1.3 1.6 1.7 12 1.3 1.7 1.7
1.7 2.0 2.2 13 1.7 2.2
2.2 2.2 2.2 14 2.2

1 Annualized Return (also called Compounded Annual Growth Rate) is the rate that, when compounded annually, would result in the actual total return.
This measure is conservative because it is usually lower than the measure “average of the annual returns”.
This measure is useful because it removes the effect of compounding, letting you compare it to other investments with different holding periods.