All investments are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in declining market.
1The S&P 500 Index is a composite of 500 leading companies in the United States.
2Data Source: Morningstar, 3/17.
3,4Data Source: Thomson Reuters, 3/17.
5T-Bills are guaranteed as to the timely payment of principal and interest by the U.S. Government and generally have lower risk-and return than bonds and equity. Equity investments are subject to market volatility and have greater risk than T-Bills and other cash investments. Fixed-income investments are subject to interest-rate risk (the risk that the value of an investment decreases when interest rates rise) and credit risk (the risk that the issuing company of a security is unable to pay interest and principal when due) and call risk (the risk that an investment may be redeemed early).
6,7,8Data source: Ned Davis Research, 2016.