ANNUAL RETURNS BY YEAR
5-YEAR ANNUALIZED ROLLING RETURNS
Distribution of 5-Year Rolling Returns – VMQ Folio
2014 – 2021
Distribution of 5-Year Rolling Returns – S&P 500 Index
1997 – 2022
HYPOTHETICAL GROWTH OF $1,000 INVESTED JANUARY 1, 2014
Indices are not available for direct investment and performance does not reflect expenses of an actual portfolio.
Performance for portfolios are reported gross of custodial and advisory fees, includes reinvestment of dividends and other earnings, and are rebalanced annually. Performance less than one year is not annualized. Performance data shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown.
There are risks associated with investing, including possible loss of principal. 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. Investors should carefully consider the investment objectives, risks, charges and expenses before investing.
Model Portfolio Construction
Model portfolios are constructed in the DFA Returns Program and Morningstar Advisor Workstation using past data of funds or indices as of a specific date, assigning weights to those funds or indices to equal 100%. The model portfolios constructed are hypothetical and are not representative of actual portfolios. Their performance is hypothetical, for illustrative purposes only and is subject to limitations. Past and hypothetical results are no guarantee of future results.
The model performance is based on model/back tested asset allocations. For more information on data sources and back tested data, please visit Back Tested Data. The performance was achieved with the retroactive application of a model designed with the benefit of hindsight; it does not represent actual investment performance. Back-tested model performance is hypothetical (does not reflect trading in actual portfolios). Material is not to be considered a recommendation or investment advice to buy or sell any security.