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Growth of 10,000

The Growth of $10,000 graph shows a fund’s performance based on how $10,000 invested in the fund would have grown over time. The returns used in the graph are not load-adjusted. The growth of $10,000 begins at the fund’s inception, or the first year listed on the graph, whichever is appropriate. Located alongside the fund’s graph line is a line that represents the growth of

$10,000 in either the S&P 500 Index (for stock funds and hybrid funds) or the LB Aggregate Index (for bond funds). Both lines are plotted on a logarithmic scale, so that identical percentage changes in the value of an investment have the same vertical distance on the graph. This provides a more accurate representation of performance than would a simple arithmetic graph. The graphs are scaled so that the full length of the vertical axis represents a tenfold increase in investment value. For securities with returns that have exhibited greater than a tenfold increase over the period shown in the graph, the vertical axis has been compressed accordingly.

 

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