This document provides historical return data for various investment indexes from 1926 to 2012. It discusses Dimensional Fund Advisors' evolution in response to advances in financial research. Key points include: - Dimensional structures portfolios around dimensions of expected returns identified by research, such as market, size, value, and profitability factors. - Recent research identified profitability as a new dimension with high profitability firms having higher average returns. - Dimensional incorporates new research findings by evolving existing strategies and developing new ones. - Dimensional's approach focuses on expected returns rather than attempting to time markets or capture short-term anomalies. - Historical return data is provided for indexes spanning US and international equities

1. Matri x Book 2 013
Historical Return Data—US Dollars

2. Matr i x Book 2 013
on the cover
Decades of financial
research underlie our
views on the capital
markets and form the
basis for how we invest.
As research progresses,
Dimensional continues
to evolve—offering new
dimensions to investors.
Historical Return Data—US Dollars

3. THE EVOLUTION OF DIMENSIONAL
Dimensional evolves as the science of investing
are based on four dimensions of expected returns
we disregarded it. As it turns out, there hasn’t
January effect. In response to that concern,
The Fama/French research led us to create our
evolves, which explains why we keep such close
that have been identified by academic research:
been a January effect since we began managing
Fama and French did two out-of-sample tests.
value strategies, which increase the exposure
the overall market (beta), company size (small
small cap strategies. This is what happens to
First, working with Jim Davis, they collected and
to low priced stocks relative to their weight in
cap/large cap), relative price (high/low), and
most anomalies—they disappear when the
analyzed the data in the US from 1926 to 1962.
benchmarks used by our clients. Recent research
direct profitability (high/low).
data set is expanded.
Second, they studied the performance of stocks
on profitability by Robert Novy-Marx has
connection to the academic community. Many,
if not most, of the major advances in portfolio
management over the last 60 years have come
average returns across portfolios and individual
identified another measure that appears to
Beginning in the mid-1960s, asset pricing models
from academic research.
have been developed to explain differences in
securities. Testing any model eventually produces
anomalies, because no model can perfectly
describe reality. But eventually, most anomalies
We believe that the best way to add value over
benchmark returns is by structuring portfolios
associated with conventional management, drives
the performance of portfolios.
model that revealed them.
replicated his work, and, once again, we find the
results persistent and pervasive around the world.
Evaluating the research
confidence when patterns are persistent across
the pre-1963 data and the non-US data were
Using valuation models
Our evolution parallels the evolution of research.
time periods and pervasive across markets.
consistent with the patterns they had observed
The finding that firms with high direct
The multifactor research of Eugene Fama and
in the US returns from 1963 to 1990. More
profitability have higher stock returns is not
Ken French is a good example. When Fama
recent returns continue to support their earlier
surprising to most people. But to some, a higher
and French first presented their research on
conclusions. As a result, we are confident that
expected return must mean greater risk.
the dimensions of equity returns in 1991, their
the size and value factors are, in fact, dimensions
evidence was based on US stocks from 1963
of expected returns.
In 1981, when we started our firm offering
to figure out what structure works best for
average returns than could be explained by the
them. Often, this involves trading off increased
single-factor market model used at the time.
expected returns against costs and tracking error.
Nevertheless, we felt comfortable launching a
small cap fund, because the size effect was so
view of investing. These characteristics give
than low profitability firms. Our research team has
world. They found the return patterns in both
was an anomaly. Small cap stocks had higher
pervasive, and is consistent with an equilibrium
profitability firms have higher average returns
in developed and emerging markets around the
investment dimensions. We work with clients
explains differences in returns, is persistent and
is consistent with an equilibrium view of investing.
margin as the gauge of profitability, high
patterns in returns. As a result, we have more
small cap investment strategies, the “size effect”
We consider a dimension to be a factor that
differences in returns, is persistent and pervasive, and
returns. Using a measure of gross operating
Data mining is a big concern when we look for
Clients vary in their preferences toward these
Identifying dimensions
of expected returns
We consider a dimension to be a factor that explains
disappear, get explained away, or sink the pricing
around the dimensions of expected returns.
Portfolio structure, rather than the tactical shifts
meet our standards for a dimension of expected
A parallel may be drawn between direct
to 1990. Some people wondered if their results
profitability and term premiums for fixed income
might be due to data mining, similar to the
obligations. It is well known that buying 1-month
persistent and pervasive. We didn’t have a good
explanation for the higher returns, but it seemed
reasonable that the smaller the firm, the higher its
costs of capital; and the return to an investor
Dimensional’s Rich History
is the company’s cost of capital.
Key breakthroughs in finding and pursuing dimensions of equity returns
Not long after we started Dimensional, Don Keim
discovered another anomaly, “the January effect.”
Relative Price
Fama/French research
identifies market, size, and
value factors as the principal
drivers of equity returns.
Total Market Solutions
Advancement in portfolio
design provides value-added,
efficient total market solutions
that focus on dimensions of
higher expected returns.
Direct Profitability
Research identifies a robust
proxy for a new investable
dimension of higher expected
return—expected profitability.
observed in the past to repeat in the future.
His research showed that most of the size effect
Our fixed income portfolios are structured
occurred in January. We could see no sensible
Company Size
Dimensional offers investors
diversified, cost-efficient
access to small companies.
equilibrium explanation for a January effect, so
1981
1992
2004
2012
Small Cap
Strategies
Value
Strategies
Applied Core
Equity Strategies
Opens the door to new strategies
and potential enhancements to
existing strategies
us confidence that we can expect the relations
around two generally accepted dimensions of
fixed income expected returns: term (maturity)
and credit spread (quality). Our equity portfolios

4. priced stocks have higher returns than high
In our view, the size effect went from being
Higher expected returns are the result of having
more likely to underperform in the next period;
priced stocks because of market mispricing.
an anomaly to a dimension of returns in the
either higher expected cash flows or a lower price.
stocks that have outperformed have a tendency to
Interestingly, they use much of the same data
Fama/French three-factor model, even though
slightly more risky, than 1-month bills. The higher
The direct profitability dimension is tied to the
continue to outperform. If the momentum effect
to support their view that we use to support ours.
there is still no robust explanation of why it
return for the 3-month maturities is not due to
Market
that have underperformed in a past period are
investors, 3-month bills are less risky, or only
Single-Factor Model, 1963
equities—relative price and direct profitability.
than buying 3-month Treasuries. For some
Advancements in Research
numerator and the relative price dimension to
were large enough to trade on profitably, then it
Clients who want to hire a money manager to
exists. Their research also identified the value
the denominator. Stated another way, if two
would be evidence of market mispricing.
capture mispricings have a difficult challenge:
effect as a dimension and led to the creation
First, they have to be able to identify successful
of our value funds.
Treasuries produces a lower return, on average,
mispricing; it is just the result of market forces.
stocks sell at the same price, then the one with
Similarly, it is perfectly reasonable that equity
higher expected cash flows must have a higher
We believe that momentum is a factor affecting
markets have dimensions of returns that may
expected return.
returns, but it is too small and sporadic to
actively induce trading. Momentum is stronger
be particularly attractive to some investors and
not others. Our confidence that we have correctly
direct profitability, can be combined to improve
which is consistent with our view that it is best
it to a basic valuation model, such as the
portfolio structure. For example, the explanatory
power of direct profitability is fairly weak.
rule. Momentum is also quite variable; in 2009,
However, when conditioned on the relative
it was sharply negative for US stocks.
Large
Price =
Small
The best way to add value is to structure portfolios
considered a trading cost rather than a trading
equation below.
Size
in small cap stocks than in large cap stocks,
identified a dimension goes up if we can connect
Size Effect, 1981
These two dimensions, relative price and
Expected Cash Flows
Discount Rate
However, by trading carefully, it is possible
managers in advance, and second, they have to
The latest research has identified profitability
hope that any such managers don’t raise their fees
price dimension, the explanatory power
becomes much stronger.
along the dimensions of expected returns.
as a dimension of expected returns, with highly
to keep the bulk of any alpha for themselves.
profitable firms having higher average returns
to use momentum to increase returns. For
than can be explained by the three-factor model.
The value of a stock or bond is the sum of future
example, momentum has explained most of
We believe that our philosophy provides a
So the evolution of financial science continues.
cash flows discounted back to present value.
contradictory. They both are structured around
the outperformance of our small cap strategies
better investment experience. Our approach
We are very excited about this new research and
For example, the price of a bond is determined
Value Effect, 1991
Our growth and value strategies are not
the same dimensions of size, relative price, and
relative to small cap indices.
is transparent and easy to explain because it
will incorporate it into the investment policies
relies on basic valuation methods and extensive
of many of our existing portfolios. We also
empirical research, and it is validated by a long
have developed new portfolios based on this
track record of implementation.
research—the first of these were two US growth
by the stream of coupon payments and principal
relative prices. In our view, value and growth
Contrast with
conventional management
a low-yield bond.
are not opposite ends of one dimension, but
Dimensional’s investment philosophy is centered
two different dimensions.
Low
and the other focuses on stocks selling at low
higher coupon or sell at a lower price than
Small
focuses on stocks selling at high relative prices,
rates. A high-yield bond must either have a
Large
direct profitability. The difference is that one
repayment, discounted back at various interest
Size
on an equilibrium, or efficient market, view of
Looking forward
public markets. In this view, the best way to
Dimensional will continue to evolve as research
add value over conventional benchmarks is to
on the dimensions of returns progresses. When
structure portfolios along the dimensions of
we started the firm in 1981, academic research
Generally, the greater the risk of an investment,
High
Relative Price
the higher the discount rate and lower the price.
strategies and two international growth strategies.
The discount rate is the investment’s expected
return. Reworking the equation above to solve
Direct Profitability, 2012
Size
Large
High
Momentum is an example of a factor that does
expected returns. For equity portfolios, expected
used the single-factor market model to explain
for expected return gives us:
not meet our criteria as a dimension of returns
returns are increased by giving greater weight
average returns. The size effect was viewed as
but still impacts portfolio returns.
to small cap, low relative price, and high direct
an anomaly because small cap returns were too
profitability firms.
great to be explained by beta. Nevertheless, we
Low
Small
High
High
Small
Relative Price
Low
Large
Low
Direct
Profitability
Momentum
Expected
=
Returns
Expected Cash Flows
Price
sponsored a small cap fund because the size
Research suggests that there is momentum in stock
A competing philosophy dominates conventional
effect was persistent and pervasive, and because
Expressing the relation this way highlights
money management. In that view, value can
it gave institutional investors a tool to efficiently
two of the dimensions of expected returns for
be added through tactical shifts. For example,
diversify beyond large cap stocks.
prices in most markets around the world. Stocks
behavioral finance proponents argue that low
David Booth
Co-Chief Executive Officer,
Dimensional Fund Advisors

5. TABLE OF CONTENTS
THE EVOLUTION OF DIMENSIONAL
Annualized Rates of Returns (%)
How to Use This Book
2
8
9
Total Returns
S&P 500 INDEX
Fama/French Total US Market Index
Dimensional US Adjusted Market 1 Index
Dimensional US Adjusted Market 2 Index
Dimensional US Adjusted Market Value Index
Dimensional US Large CAP Growth Index
Dimensional US Small CAP Growth Index
Fama/French US Large Value Research Index
Fama/French US Small Value Research Index
Dimensional US Targeted Value Index
Fama/French US Small Cap Index
DOW JONES US SELECT REIT INDEX
DOW JONES-UBS COMMODITY INDEX
Dimensional International Large CAP Growth Index
MSCI EAFE INDEX
Dimensional INTERNATIONAL ADJUSTED MARKET INDEX
Dimensional INTERNATIONAL VECTOR INDEX
Fama/French INTERNATIONAL VALUE INDEX
Dimensional INTERNATIONAL SMALL CAP GROWTH INDEX
Dimensional INTERNATIONAL SMALL CAP INDEX
Dimensional INTERNATIONAL SMALL CAP VALUE INDEX
MSCI EMERGING MARKETS INDEX
Dimensional EMERGING MARKETS ADJUSTED MARKET INDEX
Dimensional EMERGING MARKETS GROWTH INDEX
ONE-MONTH US TREASURY BILLS
LONG-TERM GOVERNMENT BONDS
LONG-TERM CORPORATE BONDS
BARCLAYS US TIPS INDEX
ONE-MONTH CERTIFICATES OF DEPOSIT
BARCLAYS US AGGREGATE BOND INDEX
BARCLAYS MUNICIPAL BOND INDEX
Dimensional US Intermediate Variable Credit Index
Dimensional US Intermediate Variable Government/Credit Index
Dimensional US Intermediate Variable Maturity Government/Credit INDEX
Dimensional Global Intermediate Variable Maturity Index
1926–2012
1927–2012
1928–2012
1928–2012
1928–2012
1975–2012
1975–2012
1927–2012
1927–2012
1928–2012
1927–2012
1978–2012
1992–2012
1992–2012
1970–2012
1994–2012
1994–2012
1975–2012
1992–2012
1970–2012
1982–2012
1988–2012
1994–2012
1996–2012
1926–2012
1926–2012
1926–2012
1998–2012
1966–2012
1976–2012
1980–2012
1974–2012
1974–2012
1977–2012
1985–2012
11
13
15
17
19
20
21
23
25
27
29
30
30
31
31
32
32
33
33
34
34
35
35
35
37
39
41
42
42
43
43
44
44
45
45
1926–2012
1927–2012
1926–2012
1926–2012
1926–2012
1966–2012
1978–2012
1992–2012
47
49
51
53
55
56
57
57
1973–2012
1973–2012
1973–2012
1973–2012
1973–2012
1973–2012
58
60
60
61
61
62
62
Real Returns (Inflation Adjusted)
US INFLATION: CHANGES IN US CONSUMER PRICE INDEX
Fama/French US Small Cap Index
S&P 500 INDEX
LONG-TERM GOVERNMENT BONDS
ONE-MONTH US TREASURY BILLS
ONE-MONTH CERTIFICATES OF DEPOSIT
DOW JONES US SELECT REIT INDEX
DOW JONES-UBS COMMODITY INDEX
Balanced Strategies
Balanced
Balanced
Balanced
Balanced
Balanced
Balanced
Balanced
Strategies: Weights and Summary Statistics
Strategy: Fixed
Strategy: Conservative
Strategy: Moderate
Strategy: Normal
Strategy: Aggressive
Strategy: Equity
GLOBAL STRATEGIES
World market capitalization
Sources and Descriptions of Data
63
64
66
MATR IX BOOK 2013
7

6. ANNUALIZED RATES OF RETURNS (%)
HOW TO USE THIS BOOK
One
Year
2012
Five
Years
2008–2012
Ten
Years
2003–2012
Fifteen
Years
1998–2012
Twenty
Years
1993–2012
Fifty
Years
1963–2012
Eighty
Years
1933–2012
S&P 500 Index
16.0
1.7
7.1
4.5
8.2
9.8
11.1
Fama/French Total US Market Index
15.1
2.3
7.9
5.0
8.4
10.0
11.2
Dimensional US Adjusted Market 1 Index
17.1
2.9
8.9
6.1
9.4
11.0
12.2
Dimensional US Adjusted Market 2 Index
17.9
2.9
9.2
6.7
9.9
11.7
12.9
Dimensional US Adjusted Market Value Index
19.3
3.7
10.4
8.2
11.2
13.2
14.2
Dimensional US Large CAP Growth Index
15.3
5.1
7.8
5.3
8.5
—
—
Dimensional US Small CAP Growth Index
15.6
4.8
10.3
8.3
9.9
—
—
Fama/French US Large Value Research Index
24.9
-0.8
7.8
5.6
8.6
12.4
14.0
Fama/French US Small Value Research Index
21.9
5.9
12.3
10.9
14.0
16.7
17.6
Dimensional US Targeted Value Index
20.0
6.3
12.5
10.4
13.3
15.1
15.8
Fama/French US Small Cap Index
17.4
5.4
11.4
7.7
10.2
12.4
14.3
Dow Jones US Select REIT Index
17.1
5.1
11.5
9.0
10.9
—
—
Dow Jones-UBS Commodity Index
-1.1
-5.2
4.1
4.0
5.4
—
—
Dimensional International Large CAP Growth Index
17.9
-1.2
9.9
6.3
7.0
—
17.3
-3.7
8.2
4.4
6.1
—
17.8
-2.2
11.3
7.6
—
—
18.1
-1.8
12.1
8.4
—
—
—
Fama/French International Value Index
21.2
-1.5
12.8
9.9
11.4
—
—
Dimensional International Small CAP Growth Index
20.1
-0.2
13.2
8.5
7.7
—
—
Dimensional International Small Cap Index
16.8
-1.8
12.4
8.3
7.8
—
—
Dimensional International Small Cap Value Index
18.2
0.3
14.4
11.1
10.3
—
—
MSCI Emerging Markets Index
3 The return can be found where the first year’s column meets the last year’s row.
In this example, the Fama/French US Large Value Research Index
had a compound rate of return of 10.2% per year for the nine-year period.
—
Dimensional International Vector Index
Locate the row for the last year of the interval (2004).
2
Years are labeled at the beginning of each row.
—
Dimensional International Adjusted Market Index
1 Locate the column for the first year of the interval (1996).
Years are labeled at the top and bottom of each column.
—
MSCI EAFE Index
(net dividends)
18.6
-0.6
16.9
9.2
8.8
—
—
Dimensional Emerging Markets Adjusted Market Index
21.1
1.5
19.9
11.8
—
—
—
Dimensional Emerging Markets Growth Index
19.7
0.8
16.3
8.8
—
—
—
One-Month US Treasury Bills
0.1
0.4
1.7
2.5
3.0
5.2
3.6
Long-Term Government Bonds
3.3
9.3
7.5
7.9
8.6
7.5
5.8
(gross dividends)
Long-Term Corporate Bonds
10.7
10.5
7.8
7.9
8.1
7.7
6.2
Barclays US TIPS Index
7.0
7.0
6.7
7.3
—
—
—
One-Month Certificate of Deposit
0.2
0.8
2.0
2.9
3.4
—
—
Barclays US Aggregate Bond Index
4.2
5.9
5.2
6.0
6.3
—
—
Barclays Municipal Bond Index
6.8
5.9
5.1
5.4
6.0
—
—
Dimensional US Intermediate Variable Credit Index
8.8
7.1
5.9
6.4
6.7
—
—
Dimensional US Intermediate Variable Govt/Credit Index
5.4
5.9
5.1
5.9
6.1
—
—
Dimensional US Intermediate Variable Maturity Govt/Credit Index
3.9
5.2
4.7
5.6
5.9
—
—
Dimensional Global Intermediate Variable Maturity Index
4.8
6.2
5.5
6.4
7.1
—
—
US Consumer Price Index
1.7
1.8
2.4
2.4
2.4
4.1
3.7
DFA Fixed Balanced Strategy Index
1.1
2.5
2.9
4.0
4.5
—
—
DFA Conservative Balanced Strategy Index
4.7
2.9
4.8
5.1
6.0
—
—
DFA Moderate Balanced Strategy Index
8.4
3.0
6.6
6.1
7.3
—
—
12.1
2.8
8.2
6.9
8.5
—
—
DFA Normal Balanced Strategy Index
DFA Aggressive Balanced Strategy Index
15.8
2.4
9.7
7.6
9.6
—
—
DFA Equity Balanced Strategy Index
19.6
1.7
11.0
8.1
10.5
—
—
All returns are in US dollars. For balanced strategy weights, see page 58. For a detailed description of returns series, see page 66.
Past performance is no guarantee of future results.
Indices are not available for direct investment. Their performance does not reflect the expenses associated with the management of an actual portfolio.
8
For example, to find the annualized compound rate of return for
the Fama/French US Large Value Research Index for the interval 1996–2004:
D I M E N S I O N A L F U N D A D VI S O R S
2
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1993
1
22.2 1994
7.3 -5.8 1995
16.3 13.4 36.6 1996
15.9 13.8 25.2 14.7 1997
18.1 17.1 25.9 20.8 27.3 1998
18.6 17.8 24.6 20.9 24.1 21.0 1999
15.5 14.4 19.0 14.9 15.0
9.3 -1.3 2000
16.0 15.1 19.0 15.8 16.1 12.6
8.6 19.5 2001
14.1 13.1 16.1 13.0 12.7
9.3
5.6
9.3
0.0 2002
9.4
8.1
9.9
6.6
5.3
1.4 -3.0 -3.6 -13.4 -25.0 2003
11.0
9.9 11.8
9.0
8.3
5.4
2.5
3.5 -1.4 -2.1 27.8 2004
11.7 10.8 12.6 10.2
9.7
7.4
5.2
6.6
3.6
4.8 23.9 20.1 2005
11.7 10.9 12.5 10.4
9.9
7.9
6.2
7.5
5.2
6.6 19.8 16.0 12.0 2006
12.6 11.8 13.5 11.6 11.3
9.6
8.2
9.7
8.1
9.8 20.8 18.6 17.8 24.0 2007
11.9 11.2 12.6 10.9 10.5
9.0
7.7
8.9
7.4
8.7 17.1 14.6 12.8 13.2
3.3 2008
7.7
6.8
7.8
5.9
5.2
3.3
1.7
2.1
0.1
0.1
5.0
1.0 -3.3 -8.0 -20.7 -39.1 2009
8.6
7.8
8.7
7.0
6.4
4.8
3.5
4.0
2.4
2.7
7.4
4.3
1.4 -1.1 -8.2 -13.5 22.9
8.7
7.9
8.8
7.2
6.7
5.2
4.0
4.5
3.1
3.5
7.7
5.1
2.8
1.1 -3.9 -6.2 16.4
7.8
7.0
7.8
6.3
5.7
4.3
3.2
3.5
2.2
2.4
6.0
3.6
1.4 -0.3 -4.5 -6.4
8.1
8.6
7.9
8.7
7.3
6.8
5.6
4.6
5.0
3.9
4.3
7.8
5.7
4.1
3.0 -0.1 -0.8 12.0
2010
10.2
1.4
8.7
2011
-6.8
7.9
2012
24.9
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2010
2011
2012
3
MATR IX BOOK 2013
9

7. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
10
1926
11.6
23.9
30.1
19.2
8.7
-2.5
-3.3
2.5
2.0
5.9
8.1
3.6
5.5
5.1
4.0
3.0
3.9
5.0
5.8
7.1
6.3
6.3
6.3
6.8
7.7
8.3
8.6
8.3
9.6
10.2
10.1
9.4
10.3
10.3
10.0
10.5
9.9
10.2
10.4
10.4
9.9
10.2
10.2
9.8
9.6
9.7
9.9
9.3
8.5
9.0
9.2
8.9
8.9
9.0
9.4
9.1
9.3
9.6
9.5
9.8
10.0
9.9
10.0
10.3
10.1
10.4
10.3
10.3
10.2
10.5
10.7
11.0
11.2
11.3
11.0
10.7
10.2
10.4
10.4
10.4
10.4
10.4
9.6
9.8
9.9
9.8
9.8
1926
1927
37.5
40.5
21.8
8.0
-5.1
-5.6
1.2
0.9
5.2
7.8
3.0
5.1
4.6
3.5
2.4
3.5
4.7
5.5
6.9
6.1
6.1
6.0
6.6
7.5
8.1
8.5
8.1
9.5
10.2
10.1
9.3
10.2
10.3
10.0
10.4
9.9
10.2
10.4
10.4
9.8
10.2
10.2
9.7
9.6
9.7
9.9
9.3
8.4
8.9
9.2
8.8
8.8
9.0
9.4
9.1
9.3
9.5
9.5
9.8
10.0
9.9
10.0
10.3
10.1
10.4
10.3
10.3
10.2
10.5
10.7
11.0
11.2
11.3
11.0
10.7
10.2
10.4
10.4
10.3
10.4
10.3
9.6
9.8
9.8
9.8
9.8
1927
1928
43.6
14.7
-0.4
-13.5
-12.5
-3.8
-3.5
1.8
4.9
0.0
2.5
2.3
1.3
0.3
1.5
2.9
3.8
5.4
4.7
4.7
4.7
5.3
6.4
7.1
7.5
7.1
8.6
9.3
9.2
8.5
9.5
9.5
9.3
9.7
9.2
9.5
9.7
9.8
9.2
9.6
9.6
9.1
9.0
9.1
9.3
8.7
7.8
8.4
8.7
8.3
8.3
8.5
8.9
8.6
8.8
9.1
9.0
9.4
9.5
9.5
9.6
9.9
9.7
10.0
9.9
9.9
9.8
10.2
10.4
10.7
10.9
11.0
10.7
10.4
9.9
10.1
10.1
10.0
10.1
10.0
9.3
9.5
9.6
9.5
9.5
1928
1929
-8.4
-17.1
-27.0
-22.7
-11.2
-9.7
-3.1
0.9
-3.9
-0.9
-0.8
-1.6
-2.4
-1.0
0.6
1.7
3.5
2.8
3.0
3.1
3.8
4.9
5.7
6.2
5.9
7.4
8.2
8.2
7.4
8.5
8.6
8.3
8.8
8.3
8.7
8.9
9.0
8.4
8.8
8.9
8.4
8.3
8.4
8.7
8.1
7.2
7.7
8.1
7.7
7.7
7.9
8.3
8.1
8.3
8.5
8.5
8.9
9.0
9.0
9.1
9.4
9.2
9.5
9.5
9.5
9.4
9.7
9.9
10.2
10.5
10.6
10.3
10.0
9.5
9.7
9.7
9.7
9.7
9.7
8.9
9.1
9.2
9.1
9.2
1929
1930
-24.9
-34.8
-26.9
-11.9
-9.9
-2.2
2.3
-3.3
0.0
-0.1
-1.0
-1.9
-0.4
1.3
2.5
4.3
3.5
3.7
3.8
4.5
5.6
6.4
6.9
6.5
8.1
8.9
8.8
8.0
9.1
9.2
8.9
9.4
8.8
9.2
9.4
9.5
8.9
9.3
9.3
8.9
8.7
8.9
9.1
8.5
7.5
8.1
8.4
8.1
8.1
8.2
8.7
8.4
8.6
8.9
8.8
9.2
9.4
9.3
9.4
9.7
9.5
9.8
9.8
9.8
9.7
10.0
10.2
10.5
10.8
10.9
10.6
10.3
9.7
10.0
10.0
9.9
10.0
9.9
9.2
9.4
9.4
9.3
9.4
1930
1931
-43.3
-27.9
-7.1
-5.7
3.1
7.7
0.2
3.6
3.2
1.8
0.5
2.0
3.7
4.8
6.6
5.6
5.6
5.6
6.3
7.4
8.2
8.6
8.2
9.7
10.5
10.4
9.5
10.6
10.6
10.3
10.8
10.1
10.5
10.6
10.7
10.1
10.4
10.4
9.9
9.7
9.9
10.1
9.4
8.4
9.0
9.3
8.9
8.9
9.1
9.5
9.2
9.4
9.6
9.6
9.9
10.1
10.0
10.1
10.5
10.2
10.5
10.5
10.5
10.3
10.7
10.9
11.2
11.4
11.5
11.2
10.9
10.3
10.5
10.6
10.5
10.5
10.5
9.7
9.9
9.9
9.8
9.9
1931
1932
-8.2
18.9
11.7
19.8
22.5
10.2
13.0
11.2
8.6
6.4
7.6
9.0
9.8
11.5
10.1
9.8
9.6
10.1
11.1
11.7
12.0
11.4
12.9
13.7
13.4
12.3
13.3
13.3
12.8
13.3
12.5
12.8
12.9
12.9
12.2
12.5
12.4
11.8
11.6
11.7
11.9
11.1
10.1
10.6
10.9
10.5
10.4
10.6
11.0
10.6
10.8
11.0
10.9
11.3
11.4
11.3
11.4
11.7
11.5
11.8
11.7
11.7
11.5
11.9
12.0
12.3
12.5
12.7
12.3
11.9
11.4
11.6
11.6
11.5
11.5
11.5
10.6
10.8
10.9
10.8
10.8
1932
S&P 500 INDEX
1933
54.0
23.2
30.9
31.6
14.3
16.9
14.3
11.0
8.2
9.4
10.8
11.5
13.2
11.6
11.2
10.8
11.2
12.3
12.9
13.2
12.4
14.0
14.7
14.4
13.2
14.3
14.2
13.7
14.1
13.2
13.5
13.6
13.6
12.8
13.1
13.1
12.4
12.2
12.2
12.4
11.7
10.6
11.1
11.4
10.9
10.8
11.0
11.4
11.0
11.2
11.5
11.4
11.7
11.8
11.7
11.8
12.1
11.8
12.1
12.1
12.0
11.8
12.2
12.4
12.7
12.9
13.0
12.6
12.2
11.7
11.9
11.9
11.8
11.8
11.7
10.9
11.1
11.1
11.0
11.1
1933
1926–2012: Total Returns (%)
1934
-1.4
20.6
24.9
6.1
10.7
8.7
5.9
3.5
5.3
7.2
8.3
10.4
8.8
8.6
8.4
9.0
10.2
11.0
11.3
10.7
12.4
13.2
12.9
11.8
12.9
12.9
12.4
12.9
12.1
12.4
12.5
12.5
11.8
12.1
12.1
11.4
11.2
11.3
11.5
10.8
9.7
10.3
10.6
10.1
10.0
10.2
10.6
10.3
10.5
10.7
10.6
11.0
11.2
11.0
11.2
11.5
11.2
11.5
11.5
11.4
11.3
11.6
11.8
12.1
12.4
12.5
12.1
11.7
11.1
11.4
11.4
11.3
11.3
11.3
10.4
10.6
10.7
10.6
10.6
1934
1935
47.7
40.6
8.7
13.9
10.9
7.2
4.3
6.1
8.2
9.3
11.5
9.7
9.4
9.1
9.7
11.0
11.7
12.1
11.4
13.1
13.9
13.6
12.4
13.6
13.5
13.0
13.4
12.6
12.9
13.0
13.0
12.2
12.5
12.5
11.8
11.6
11.7
11.9
11.1
10.0
10.6
10.9
10.4
10.3
10.5
10.9
10.6
10.8
11.0
10.9
11.3
11.4
11.3
11.4
11.7
11.5
11.8
11.7
11.7
11.5
11.9
12.0
12.3
12.6
12.7
12.3
11.9
11.3
11.6
11.6
11.5
11.5
11.4
10.6
10.8
10.8
10.7
10.8
1935
1936
33.9
-6.7
4.5
3.2
0.5
-1.6
1.2
4.0
5.7
8.4
6.8
6.7
6.6
7.4
8.9
9.8
10.3
9.6
11.6
12.5
12.2
11.0
12.3
12.3
11.8
12.3
11.4
11.8
12.0
12.0
11.2
11.6
11.6
10.9
10.7
10.8
11.0
10.3
9.1
9.8
10.1
9.6
9.6
9.8
10.2
9.9
10.1
10.3
10.3
10.7
10.8
10.7
10.8
11.2
10.9
11.2
11.1
11.1
10.9
11.3
11.5
11.9
12.1
12.2
11.9
11.5
10.9
11.1
11.1
11.0
11.1
11.0
10.1
10.4
10.4
10.3
10.4
1936
GROWTH OF $1
1937
-35.0
-7.7
-5.3
-6.5
-7.5
-3.4
0.4
2.6
5.9
4.4
4.5
4.6
5.6
7.3
8.4
9.0
8.3
10.4
11.4
11.2
10.0
11.4
11.4
10.9
11.5
10.7
11.1
11.3
11.3
10.5
10.9
10.9
10.3
10.1
10.2
10.5
9.7
8.5
9.2
9.5
9.1
9.0
9.2
9.7
9.4
9.6
9.9
9.8
10.2
10.4
10.3
10.4
10.8
10.5
10.8
10.8
10.8
10.6
11.0
11.2
11.5
11.8
11.9
11.6
11.2
10.6
10.8
10.8
10.7
10.8
10.7
9.8
10.1
10.1
10.0
10.1
1937
$100,000
1938
31.1
14.3
5.6
1.0
4.6
7.9
9.5
12.6
10.1
9.6
9.2
10.0
11.5
12.4
12.8
11.9
13.9
14.8
14.4
13.0
14.3
14.2
13.5
14.1
13.0
13.4
13.5
13.5
12.6
12.9
12.9
12.1
11.9
12.0
12.1
11.3
10.1
10.7
11.0
10.5
10.4
10.6
11.1
10.7
10.9
11.1
11.0
11.4
11.6
11.5
11.6
11.9
11.6
11.9
11.9
11.8
11.6
12.0
12.2
12.5
12.8
12.9
12.5
12.1
11.5
11.7
11.7
11.6
11.6
11.6
10.7
10.9
10.9
10.8
10.9
1938
1939
-0.4
-5.2
-7.4
-1.1
3.8
6.3
10.1
7.7
7.5
7.3
8.3
10.0
11.1
11.6
10.7
12.9
13.9
13.5
12.1
13.5
13.4
12.8
13.4
12.3
12.7
12.9
12.9
12.0
12.4
12.3
11.6
11.3
11.4
11.6
10.8
9.5
10.2
10.5
10.0
10.0
10.2
10.6
10.2
10.5
10.7
10.6
11.1
11.2
11.1
11.2
11.6
11.3
11.6
11.5
11.5
11.3
11.7
11.9
12.2
12.5
12.6
12.2
11.8
11.2
11.4
11.4
11.3
11.4
11.3
10.4
10.6
10.7
10.5
10.6
1939
$3,530
$10,000
1940
-9.8
-10.7
-1.4
4.9
7.7
12.0
8.9
8.5
8.1
9.2
11.0
12.1
12.5
11.5
13.9
14.9
14.4
12.8
14.3
14.1
13.5
14.0
12.9
13.3
13.5
13.4
12.4
12.8
12.8
12.0
11.7
11.8
12.0
11.1
9.8
10.5
10.8
10.3
10.2
10.4
10.9
10.5
10.8
11.0
10.9
11.3
11.5
11.3
11.4
11.8
11.5
11.8
11.8
11.7
11.5
11.9
12.1
12.5
12.7
12.9
12.5
12.0
11.4
11.6
11.6
11.5
11.6
11.5
10.6
10.8
10.8
10.7
10.8
1940
1941
-11.6
3.2
10.2
12.5
17.0
12.4
11.4
10.6
11.5
13.4
14.3
14.6
13.4
15.8
16.8
16.1
14.3
15.8
15.6
14.8
15.3
14.1
14.5
14.5
14.5
13.4
13.8
13.7
12.8
12.5
12.6
12.8
11.8
10.5
11.1
11.5
10.9
10.8
11.0
11.5
11.1
11.3
11.5
11.4
11.8
12.0
11.8
11.9
12.3
12.0
12.3
12.2
12.2
12.0
12.4
12.6
12.9
13.2
13.3
12.9
12.4
11.8
12.0
12.0
11.9
11.9
11.8
10.9
11.1
11.2
11.0
11.1
1941
$1,000
1942
20.3
23.1
22.0
25.4
17.9
15.7
14.2
14.8
16.6
17.3
17.4
15.7
18.2
19.1
18.2
16.2
17.6
17.3
16.3
16.9
15.5
15.8
15.8
15.7
14.5
14.9
14.7
13.8
13.5
13.5
13.7
12.7
11.2
11.9
12.2
11.6
11.5
11.7
12.2
11.7
11.9
12.2
12.0
12.4
12.6
12.4
12.5
12.9
12.5
12.9
12.7
12.7
12.5
12.9
13.1
13.4
13.6
13.8
13.3
12.9
12.2
12.4
12.4
12.3
12.3
12.2
11.3
11.5
11.5
11.4
11.5
1942
1943
25.9
22.8
27.2
17.3
14.8
13.2
14.0
16.1
16.9
17.1
15.3
18.0
19.0
18.1
15.9
17.5
17.1
16.1
16.7
15.2
15.6
15.6
15.5
14.3
14.7
14.5
13.6
13.2
13.3
13.5
12.4
10.9
11.7
12.0
11.4
11.3
11.4
12.0
11.5
11.7
12.0
11.8
12.3
12.4
12.2
12.3
12.7
12.4
12.7
12.6
12.6
12.3
12.8
12.9
13.3
13.5
13.7
13.2
12.7
12.1
12.3
12.3
12.2
12.2
12.1
11.1
11.4
11.4
11.3
11.3
1943
$100
1944
19.7
27.8
14.5
12.2
10.9
12.1
14.8
15.9
16.1
14.3
17.4
18.5
17.5
15.2
16.9
16.6
15.6
16.2
14.7
15.1
15.2
15.0
13.8
14.2
14.1
13.1
12.8
12.8
13.0
12.0
10.5
11.2
11.6
11.0
10.9
11.1
11.6
11.1
11.4
11.6
11.5
12.0
12.1
11.9
12.1
12.4
12.1
12.4
12.3
12.3
12.1
12.5
12.7
13.1
13.3
13.5
13.0
12.5
11.8
12.1
12.1
12.0
12.0
11.9
10.9
11.1
11.2
11.1
11.1
1944
1945
36.4
12.0
9.8
8.7
10.7
13.9
15.3
15.7
13.7
17.1
18.4
17.3
14.9
16.7
16.4
15.3
16.0
14.4
14.9
14.9
14.8
13.6
14.0
13.9
12.9
12.5
12.6
12.8
11.7
10.2
11.0
11.4
10.7
10.6
10.8
11.4
10.9
11.2
11.4
11.3
11.8
11.9
11.8
11.9
12.3
11.9
12.3
12.2
12.2
11.9
12.4
12.6
12.9
13.2
13.3
12.9
12.4
11.7
12.0
11.9
11.8
11.9
11.8
10.8
11.0
11.1
10.9
11.0
1945
$10
1946
-8.1
-1.4
0.8
5.0
9.9
12.1
13.0
11.2
15.1
16.7
15.7
13.2
15.3
15.1
14.0
14.8
13.3
13.8
13.9
13.8
12.6
13.1
13.0
12.0
11.7
11.8
12.0
10.9
9.4
10.2
10.6
10.0
9.9
10.2
10.7
10.3
10.6
10.9
10.7
11.2
11.4
11.2
11.4
11.8
11.4
11.8
11.7
11.7
11.5
11.9
12.1
12.5
12.8
13.0
12.5
12.0
11.3
11.6
11.6
11.5
11.5
11.4
10.4
10.7
10.7
10.6
10.7
1946
$1
1947
5.7
5.6
9.8
14.9
16.7
17.0
14.2
18.4
19.8
18.4
15.4
17.5
17.1
15.8
16.5
14.8
15.2
15.3
15.1
13.7
14.2
14.0
13.0
12.6
12.6
12.9
11.7
10.1
10.9
11.3
10.7
10.5
10.8
11.3
10.8
11.1
11.4
11.3
11.8
11.9
11.8
11.9
12.3
11.9
12.3
12.2
12.2
11.9
12.4
12.6
13.0
13.3
13.4
12.9
12.4
11.7
12.0
11.9
11.8
11.9
11.8
10.8
11.0
11.0
10.9
11.0
1947
1948
5.5
12.0
18.2
19.6
19.4
15.7
20.4
21.7
19.9
16.4
18.7
18.1
16.6
17.3
15.4
15.8
15.9
15.7
14.2
14.6
14.5
13.3
12.9
12.9
13.2
12.0
10.2
11.1
11.5
10.8
10.7
10.9
11.5
11.0
11.3
11.6
11.4
11.9
12.1
11.9
12.0
12.5
12.1
12.5
12.4
12.3
12.1
12.5
12.7
13.1
13.4
13.5
13.1
12.6
11.8
12.1
12.1
11.9
12.0
11.9
10.8
11.1
11.1
11.0
11.1
1948
1949
18.8
25.1
24.7
23.1
17.9
23.1
24.2
21.9
17.7
20.1
19.3
17.6
18.3
16.1
16.6
16.6
16.3
14.7
15.1
14.9
13.7
13.2
13.3
13.5
12.2
10.4
11.3
11.7
11.0
10.9
11.1
11.7
11.2
11.5
11.8
11.6
12.1
12.3
12.1
12.2
12.6
12.2
12.6
12.5
12.5
12.2
12.7
12.9
13.3
13.6
13.7
13.2
12.7
11.9
12.2
12.2
12.0
12.1
12.0
10.9
11.2
11.2
11.1
11.2
1949
$0
1926
1950
31.7
27.8
24.6
17.6
23.9
25.2
22.3
17.6
20.2
19.4
17.5
18.3
15.9
16.4
16.4
16.2
14.4
14.9
14.7
13.4
13.0
13.0
13.3
12.0
10.1
11.0
11.5
10.7
10.6
10.9
11.5
10.9
11.2
11.6
11.4
11.9
12.1
11.9
12.0
12.5
12.1
12.5
12.4
12.3
12.1
12.6
12.8
13.2
13.5
13.6
13.1
12.6
11.8
12.1
12.1
11.9
12.0
11.9
10.8
11.0
11.1
11.0
11.0
1950
D I M E N S I O N A L F U N D A D VI S O R S
1951
24.0
21.2
13.3
22.0
23.9
20.8
15.7
18.8
18.1
16.2
17.1
14.7
15.3
15.4
15.2
13.4
14.0
13.8
12.5
12.1
12.2
12.5
11.2
9.3
10.3
10.8
10.0
9.9
10.2
10.9
10.3
10.7
11.0
10.9
11.4
11.6
11.4
11.6
12.0
11.6
12.1
11.9
11.9
11.7
12.2
12.4
12.8
13.1
13.3
12.8
12.2
11.4
11.7
11.7
11.6
11.7
11.6
10.5
10.7
10.8
10.6
10.7
1951
2012
Data provided by Standard & Poor’s Index Services Group.
1952
18.4
8.3
21.4
23.9
20.2
14.4
18.1
17.3
15.3
16.4
13.9
14.6
14.7
14.6
12.7
13.4
13.3
11.9
11.5
11.6
12.0
10.6
8.7
9.7
10.3
9.5
9.4
9.7
10.4
9.9
10.2
10.6
10.5
11.1
11.3
11.1
11.2
11.7
11.3
11.8
11.7
11.6
11.4
11.9
12.1
12.6
12.9
13.1
12.6
12.0
11.2
11.5
11.5
11.4
11.5
11.4
10.2
10.5
10.6
10.4
10.5
1952
1953
-1.0
22.9
25.7
20.6
13.6
18.1
17.2
14.9
16.2
13.4
14.3
14.4
14.3
12.4
13.1
13.0
11.6
11.1
11.3
11.7
10.3
8.2
9.4
9.9
9.2
9.1
9.4
10.2
9.6
10.0
10.4
10.2
10.8
11.1
10.9
11.1
11.6
11.1
11.6
11.5
11.5
11.2
11.8
12.0
12.4
12.8
12.9
12.4
11.9
11.1
11.4
11.4
11.3
11.3
11.2
10.1
10.4
10.5
10.3
10.4
1953
1954
52.6
41.7
28.8
17.5
22.3
20.5
17.4
18.6
15.2
15.9
16.0
15.7
13.4
14.2
14.0
12.4
11.9
12.0
12.4
10.9
8.7
9.9
10.4
9.6
9.5
9.8
10.6
10.0
10.4
10.8
10.6
11.2
11.5
11.3
11.4
11.9
11.5
12.0
11.8
11.8
11.5
12.1
12.3
12.8
13.1
13.3
12.7
12.2
11.3
11.7
11.6
11.5
11.6
11.5
10.3
10.6
10.7
10.5
10.6
1954
1955
31.5
18.4
7.7
15.7
15.0
12.4
14.4
11.2
12.4
12.8
12.8
10.7
11.7
11.6
10.1
9.8
10.0
10.5
9.0
6.9
8.2
8.8
8.1
8.0
8.4
9.2
8.7
9.1
9.6
9.4
10.1
10.4
10.2
10.4
10.9
10.5
11.0
10.9
10.9
10.7
11.3
11.5
12.0
12.3
12.5
12.0
11.4
10.6
10.9
10.9
10.8
10.9
10.8
9.7
9.9
10.0
9.9
10.0
1955
1956
6.6
-2.5
10.9
11.1
8.9
11.7
8.5
10.2
10.9
11.1
9.0
10.1
10.2
8.8
8.4
8.8
9.4
7.9
5.7
7.1
7.8
7.1
7.1
7.5
8.4
7.9
8.4
8.8
8.8
9.5
9.7
9.6
9.8
10.4
10.0
10.5
10.4
10.4
10.2
10.8
11.1
11.6
11.9
12.1
11.6
11.0
10.2
10.6
10.6
10.4
10.5
10.4
9.3
9.6
9.7
9.5
9.6
1956
1957
-10.8
13.1
12.7
9.5
12.8
8.9
10.8
11.5
11.6
9.2
10.5
10.5
8.9
8.6
8.9
9.5
7.9
5.7
7.1
7.9
7.1
7.1
7.6
8.5
7.9
8.4
8.9
8.8
9.6
9.8
9.7
9.9
10.5
10.1
10.6
10.5
10.5
10.3
10.9
11.2
11.7
12.1
12.3
11.7
11.1
10.3
10.6
10.6
10.5
10.6
10.5
9.3
9.6
9.7
9.6
9.7
1957
1958
43.4
26.7
17.3
19.6
13.3
14.8
15.1
14.7
11.7
12.9
12.7
10.8
10.2
10.5
11.1
9.2
6.7
8.2
9.0
8.1
8.1
8.5
9.4
8.8
9.3
9.8
9.6
10.4
10.6
10.5
10.7
11.3
10.8
11.3
11.2
11.2
10.9
11.5
11.8
12.3
12.7
12.9
12.3
11.7
10.8
11.2
11.2
11.0
11.1
11.0
9.8
10.1
10.2
10.0
10.1
1958
1959
12.0
6.1
12.6
6.8
9.9
10.9
11.1
8.2
9.9
10.0
8.2
7.8
8.3
9.0
7.3
4.8
6.5
7.4
6.5
6.5
7.1
8.1
7.5
8.1
8.6
8.5
9.3
9.6
9.5
9.7
10.3
9.9
10.5
10.4
10.4
10.1
10.8
11.1
11.6
12.0
12.2
11.7
11.0
10.1
10.5
10.5
10.4
10.5
10.4
9.2
9.5
9.6
9.5
9.6
1959
1960
0.5
12.9
5.2
9.3
10.7
11.0
7.7
9.6
9.8
7.8
7.5
8.0
8.8
7.0
4.3
6.1
7.1
6.2
6.3
6.8
7.9
7.3
7.9
8.5
8.4
9.2
9.5
9.4
9.6
10.3
9.8
10.4
10.3
10.3
10.1
10.7
11.1
11.6
12.0
12.2
11.6
11.0
10.1
10.5
10.5
10.4
10.5
10.4
9.1
9.5
9.6
9.4
9.5
1960
1961
26.9
7.6
12.4
13.5
13.2
9.0
11.0
11.0
8.7
8.2
8.7
9.6
7.5
4.6
6.5
7.5
6.6
6.6
7.2
8.3
7.6
8.2
8.8
8.7
9.6
9.9
9.7
10.0
10.6
10.2
10.8
10.7
10.6
10.4
11.1
11.4
11.9
12.3
12.5
11.9
11.3
10.3
10.7
10.7
10.6
10.7
10.6
9.3
9.6
9.8
9.6
9.7
1961
1962
-8.7
5.9
9.3
10.1
5.7
8.6
8.9
6.6
6.3
7.1
8.1
6.0
3.1
5.2
6.3
5.4
5.5
6.2
7.4
6.8
7.4
8.1
8.0
8.9
9.3
9.1
9.4
10.1
9.6
10.3
10.2
10.2
9.9
10.6
11.0
11.5
12.0
12.2
11.6
10.9
10.0
10.4
10.4
10.3
10.4
10.3
9.0
9.3
9.4
9.3
9.4
1962
1963
22.8
19.6
17.2
9.7
12.4
12.2
9.0
8.3
9.0
9.9
7.4
4.1
6.3
7.5
6.5
6.5
7.1
8.4
7.7
8.3
8.9
8.8
9.7
10.1
9.9
10.1
10.9
10.3
11.0
10.9
10.8
10.5
11.3
11.6
12.2
12.6
12.8
12.2
11.5
10.5
10.9
10.9
10.8
10.9
10.7
9.4
9.7
9.8
9.7
9.8
1963
1964
16.5
14.5
5.6
9.9
10.2
6.8
6.4
7.4
8.6
6.0
2.5
5.1
6.4
5.4
5.5
6.2
7.6
6.9
7.6
8.3
8.2
9.2
9.6
9.4
9.7
10.4
9.9
10.6
10.5
10.5
10.2
10.9
11.3
11.9
12.3
12.5
11.9
11.2
10.2
10.6
10.6
10.5
10.6
10.5
9.1
9.5
9.6
9.4
9.5
1964
1965
12.5
0.6
7.8
8.6
5.0
4.8
6.1
7.7
4.9
1.2
4.1
5.6
4.6
4.7
5.6
7.1
6.3
7.1
7.9
7.8
8.8
9.3
9.1
9.4
10.2
9.7
10.4
10.3
10.3
10.0
10.8
11.1
11.7
12.2
12.4
11.8
11.1
10.0
10.5
10.5
10.3
10.5
10.3
9.0
9.3
9.4
9.3
9.4
1965
1966
-10.0
5.6
7.4
3.2
3.4
5.1
7.0
4.0
0.1
3.3
5.0
3.9
4.1
5.1
6.7
6.0
6.8
7.6
7.6
8.7
9.1
8.9
9.3
10.1
9.6
10.3
10.2
10.2
9.9
10.7
11.1
11.7
12.2
12.4
11.8
11.0
10.0
10.4
10.4
10.3
10.4
10.3
8.9
9.2
9.4
9.2
9.3
1966
1967
24.0
17.4
8.0
7.0
8.4
10.1
6.2
1.4
4.9
6.6
5.3
5.4
6.4
8.0
7.1
8.0
8.8
8.6
9.8
10.2
9.9
10.2
11.1
10.5
11.2
11.1
11.0
10.7
11.5
11.9
12.5
13.0
13.2
12.5
11.7
10.6
11.0
11.0
10.9
11.0
10.8
9.4
9.7
9.9
9.7
9.8
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
11.1
0.8
1.9
4.9
7.5
3.5
-1.5
2.7
4.9
3.6
3.9
5.0
6.9
6.0
7.0
7.9
7.8
9.0
9.5
9.3
9.6
10.5
9.9
10.7
10.6
10.5
10.2
11.1
11.5
12.1
12.6
12.9
12.1
11.3
10.2
10.7
10.7
10.5
10.7
10.5
9.0
9.4
9.5
9.4
9.5
1968
1969
-8.5
-2.4
2.9
6.7
2.0
-3.4
1.6
4.1
2.8
3.2
4.5
6.6
5.6
6.7
7.7
7.6
8.9
9.4
9.2
9.5
10.5
9.8
10.7
10.5
10.5
10.2
11.1
11.5
12.2
12.7
12.9
12.2
11.4
10.2
10.7
10.7
10.5
10.7
10.5
9.0
9.4
9.5
9.3
9.5
1969
1970
4.0
9.1
12.3
4.8
-2.3
3.3
6.1
4.3
4.6
5.9
8.0
6.9
7.9
8.9
8.7
10.1
10.6
10.3
10.6
11.6
10.8
11.6
11.5
11.4
11.0
11.9
12.3
13.0
13.5
13.7
12.9
12.0
10.8
11.3
11.3
11.1
11.2
11.1
9.5
9.9
10.0
9.8
9.9
1970
1971
14.3
16.6
5.1
-3.9
3.2
6.4
4.3
4.6
6.1
8.4
7.2
8.3
9.3
9.1
10.5
11.0
10.6
11.0
12.0
11.2
12.0
11.8
11.7
11.3
12.2
12.6
13.3
13.8
14.1
13.2
12.3
11.0
11.5
11.5
11.3
11.4
11.3
9.6
10.0
10.1
9.9
10.1
1971
1972
19.0
0.8
-9.3
0.6
4.9
2.8
3.3
5.1
7.8
6.5
7.7
8.9
8.7
10.2
10.8
10.4
10.8
11.8
11.0
11.9
11.7
11.6
11.1
12.1
12.6
13.3
13.8
14.1
13.2
12.2
10.9
11.4
11.4
11.2
11.4
11.2
9.5
9.9
10.0
9.8
10.0
1972
1973
-14.7
-20.8
-4.9
1.6
-0.2
0.9
3.2
6.5
5.2
6.7
8.0
7.9
9.6
10.2
9.9
10.3
11.4
10.6
11.5
11.3
11.3
10.8
11.8
12.3
13.1
13.6
13.9
13.0
12.0
10.7
11.2
11.2
11.0
11.1
11.0
9.2
9.7
9.8
9.6
9.8
1973
1974
-26.5
0.5
7.7
3.8
4.3
6.6
9.9
7.9
9.4
10.6
10.2
11.9
12.4
11.9
12.2
13.3
12.3
13.2
12.9
12.8
12.2
13.2
13.6
14.4
14.9
15.2
14.2
13.1
11.7
12.2
12.1
11.9
12.0
11.8
10.0
10.4
10.6
10.3
10.5
1974
1975
37.2
30.4
16.4
13.9
14.8
17.5
14.0
14.9
15.7
14.8
16.2
16.4
15.5
15.6
16.6
15.3
16.1
15.6
15.3
14.6
15.6
15.9
16.6
17.1
17.2
16.1
14.9
13.3
13.8
13.7
13.4
13.5
13.3
11.3
11.7
11.8
11.5
11.7
1975
1976
23.8
7.2
7.0
9.8
13.9
10.6
12.1
13.3
12.5
14.3
14.7
13.9
14.1
15.3
13.9
14.9
14.5
14.2
13.5
14.6
15.0
15.8
16.3
16.5
15.3
14.1
12.5
13.1
13.0
12.7
12.8
12.6
10.6
11.1
11.2
10.9
11.0
1976
1977
-7.2
-0.5
5.4
11.6
8.1
10.2
11.9
11.2
13.3
13.8
13.0
13.3
14.6
13.3
14.3
13.9
13.7
13.0
14.1
14.6
15.4
16.0
16.2
15.0
13.8
12.1
12.7
12.6
12.4
12.5
12.2
10.2
10.7
10.8
10.6
10.7
1977
1978
6.6
12.3
18.7
12.3
14.0
15.4
14.1
16.2
16.4
15.3
15.4
16.7
15.0
16.1
15.5
15.1
14.3
15.4
15.8
16.6
17.2
17.4
16.1
14.7
13.0
13.5
13.4
13.1
13.2
13.0
10.8
11.3
11.4
11.1
11.3
1978
1979
18.4
25.2
14.2
16.0
17.3
15.4
17.6
17.7
16.3
16.3
17.6
15.7
16.8
16.1
15.7
14.8
16.0
16.4
17.2
17.7
17.9
16.5
15.1
13.3
13.8
13.7
13.4
13.5
13.2
11.0
11.5
11.6
11.3
11.4
1979
1980
32.4
12.2
15.2
17.0
14.8
17.5
17.6
16.0
16.1
17.5
15.5
16.7
16.0
15.5
14.5
15.8
16.2
17.1
17.7
17.9
16.4
15.0
13.0
13.6
13.5
13.2
13.3
13.0
10.7
11.2
11.4
11.1
11.2
1980
1981
-4.9
7.4
12.3
10.7
14.7
15.3
13.8
14.2
16.0
13.9
15.3
14.7
14.3
13.3
14.8
15.3
16.3
16.9
17.2
15.7
14.2
12.2
12.9
12.8
12.5
12.6
12.3
10.0
10.6
10.7
10.4
10.6
1981
1982
21.4
22.0
16.5
20.2
19.9
17.3
17.2
18.9
16.2
17.6
16.7
16.1
14.9
16.4
16.8
17.8
18.4
18.5
16.9
15.2
13.1
13.8
13.7
13.3
13.4
13.1
10.6
11.2
11.3
11.0
11.1
1982
1983
22.5
14.1
19.8
19.5
16.5
16.5
18.6
15.6
17.2
16.2
15.6
14.4
16.0
16.5
17.5
18.2
18.4
16.6
14.9
12.7
13.4
13.3
12.9
13.0
12.7
10.2
10.8
11.0
10.6
10.8
1983
1984
6.3
18.5
18.5
15.0
15.4
17.9
14.7
16.5
15.5
14.9
13.6
15.5
16.0
17.2
17.9
18.1
16.3
14.5
12.2
13.0
12.9
12.5
12.7
12.3
9.8
10.4
10.5
10.2
10.4
1984
1985
32.2
25.1
18.1
17.8
20.4
16.1
18.1
16.7
16.0
14.4
16.3
16.9
18.1
18.8
18.9
17.0
15.0
12.6
13.4
13.2
12.8
13.0
12.6
9.9
10.5
10.7
10.4
10.6
1985
1986
18.5
11.7
13.3
17.6
13.2
15.9
14.7
14.1
12.6
14.9
15.6
17.0
17.8
18.0
16.0
14.0
11.5
12.4
12.3
11.9
12.1
11.8
9.0
9.7
9.9
9.6
9.9
1986
1987
5.2
10.9
17.4
11.9
15.4
14.0
13.5
11.9
14.5
15.3
16.8
17.8
18.0
15.8
13.7
11.1
12.0
12.0
11.6
11.8
11.5
8.6
9.4
9.6
9.3
9.5
1987
1988
16.8
23.9
14.2
18.0
15.9
14.9
12.8
15.7
16.5
18.1
19.0
19.1
16.7
14.4
11.5
12.5
12.4
12.0
12.2
11.8
8.8
9.6
9.8
9.5
9.7
1988
1989
31.5
12.9
18.5
15.7
14.5
12.2
15.5
16.4
18.2
19.2
19.4
16.7
14.2
11.1
12.2
12.1
11.7
11.9
11.6
8.4
9.2
9.5
9.1
9.4
1989
1990
-3.1
12.4
10.8
10.6
8.7
13.1
14.4
16.6
17.9
18.2
15.4
12.9
9.7
10.9
10.9
10.5
10.9
10.5
7.3
8.2
8.5
8.2
8.6
1990
1991
30.5
18.5
15.6
11.9
16.6
17.6
19.8
20.8
20.9
17.5
14.4
10.8
12.1
12.0
11.5
11.8
11.4
7.9
8.8
9.1
8.8
9.1
1991
1992
7.6
8.8
6.3
13.4
15.2
18.1
19.5
19.7
16.1
12.9
9.2
10.7
10.7
10.3
10.6
10.3
6.7
7.7
8.1
7.8
8.2
1992
MATR IX BOOK 2013
1993
10.1
5.6
15.3
17.2
20.3
21.6
21.5
17.2
13.5
9.3
11.0
11.0
10.5
10.9
10.5
6.7
7.8
8.1
7.8
8.2
1993
1994
1.3
18.1
19.7
23.0
24.1
23.6
18.3
14.0
9.3
11.1
11.0
10.5
10.9
10.5
6.5
7.6
8.0
7.7
8.1
1994
1995
37.6
30.1
31.2
30.5
28.6
21.3
15.9
10.3
12.2
12.1
11.4
11.8
11.3
6.8
8.0
8.5
8.1
8.5
1995
1996
23.0
28.1
28.2
26.4
18.3
12.7
6.9
9.4
9.5
9.1
9.7
9.3
4.8
6.2
6.8
6.5
7.0
1996
1997
33.4
30.9
27.6
17.2
10.7
4.4
7.6
8.0
7.6
8.4
8.2
3.4
5.0
5.7
5.5
6.1
1997
1998
28.6
24.8
12.3
5.7
-0.6
3.8
4.8
4.8
6.0
5.9
1.0
2.9
3.8
3.7
4.5
1998
1999
21.0
4.9
-1.0
-6.8
-0.6
1.3
1.8
3.4
3.7
-1.4
0.9
2.0
2.0
2.9
1999
2000
-9.1
-10.5
-14.6
-5.3
-2.3
-1.1
1.1
1.7
-3.6
-0.9
0.4
0.6
1.7
2000
2001
-11.9
-17.2
-4.1
-0.5
0.5
2.9
3.3
-2.9
0.0
1.4
1.5
2.6
2001
2002
-22.1
0.1
3.6
3.9
6.2
6.1
-1.5
1.6
3.0
2.9
4.0
2002
2003
28.7
19.5
14.4
14.7
12.8
2.4
5.5
6.7
6.2
7.1
2003
2004
10.9
7.9
10.4
9.2
-2.2
2.1
3.9
3.6
4.9
2004
2005
4.9
10.2
8.6
-5.2
0.4
2.7
2.6
4.2
2005
2006
15.8
10.5
-8.4
-0.7
2.3
2.3
4.1
2006
2007
5.5
-18.5
-5.6
-0.8
-0.2
2.3
2007
2008
-37.0
-10.7
-2.9
-1.6
1.7
2008
2009
26.5 2010
20.6 15.1 2011
14.1 8.4 2.1 2012
14.6 10.9 8.8 16.0
2009 2010 2011 2012
11

8. 1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
12
1927
34.0
36.0
17.1
3.6
-8.3
-8.3
-1.1
-0.4
3.8
6.4
1.8
3.8
3.7
2.9
2.0
2.8
4.2
5.1
6.6
5.9
5.8
5.6
6.2
7.1
7.6
7.9
7.6
8.9
9.4
9.4
8.7
9.7
9.7
9.5
9.9
9.4
9.7
9.8
9.9
9.4
9.8
9.9
9.4
9.2
9.4
9.5
8.9
7.9
8.5
8.8
8.6
8.6
8.8
9.2
9.0
9.2
9.4
9.4
9.7
9.8
9.7
9.8
10.1
9.8
10.2
10.2
10.2
10.0
10.4
10.5
10.8
11.0
11.2
10.8
10.5
10.0
10.3
10.3
10.2
10.3
10.2
9.5
9.7
9.8
9.7
9.8
1927
1928
38.1
9.5
-4.9
-16.6
-15.0
-5.9
-4.5
0.6
3.7
-1.0
1.4
1.5
0.8
0.0
1.0
2.5
3.6
5.2
4.6
4.6
4.5
5.1
6.1
6.7
6.9
6.7
8.0
8.6
8.6
7.9
9.0
9.1
8.8
9.3
8.7
9.0
9.2
9.4
8.9
9.3
9.4
8.9
8.7
8.9
9.0
8.4
7.4
8.0
8.4
8.1
8.1
8.4
8.8
8.6
8.8
9.0
9.0
9.3
9.5
9.3
9.5
9.8
9.5
9.8
9.8
9.9
9.7
10.1
10.2
10.5
10.7
10.9
10.5
10.2
9.7
10.0
10.0
10.0
10.0
10.0
9.2
9.4
9.5
9.4
9.5
1928
1929
-13.2
-21.1
-29.5
-24.8
-12.9
-10.2
-3.9
0.1
-4.5
-1.7
-1.3
-1.8
-2.4
-1.2
0.5
1.7
3.6
3.0
3.1
3.0
3.8
4.8
5.5
5.8
5.6
7.0
7.6
7.7
7.0
8.1
8.2
8.0
8.5
8.0
8.3
8.5
8.7
8.2
8.6
8.8
8.3
8.1
8.3
8.4
7.8
6.9
7.4
7.8
7.6
7.6
7.9
8.3
8.1
8.3
8.6
8.5
8.9
9.0
8.9
9.0
9.3
9.1
9.4
9.4
9.5
9.3
9.7
9.9
10.1
10.3
10.5
10.2
9.9
9.4
9.6
9.7
9.6
9.7
9.6
8.9
9.1
9.2
9.1
9.2
1929
1930
-28.3
-36.5
-28.3
-12.8
-9.6
-2.2
2.1
-3.4
-0.4
0.0
-0.7
-1.5
-0.2
1.6
2.8
4.7
4.1
4.0
3.9
4.7
5.8
6.4
6.7
6.4
7.9
8.5
8.5
7.8
8.9
9.0
8.8
9.3
8.7
9.0
9.2
9.4
8.8
9.3
9.4
8.9
8.7
8.8
9.0
8.3
7.3
7.9
8.3
8.1
8.1
8.4
8.8
8.6
8.8
9.0
9.0
9.3
9.5
9.3
9.5
9.8
9.5
9.9
9.9
9.9
9.7
10.1
10.2
10.5
10.7
10.9
10.6
10.2
9.7
10.0
10.0
10.0
10.0
10.0
9.2
9.4
9.5
9.4
9.5
1930
1931
-43.7
-28.2
-7.0
-4.2
4.0
8.3
0.8
3.8
3.7
2.6
1.4
2.5
4.3
5.5
7.4
6.5
6.3
6.1
6.8
7.8
8.4
8.7
8.3
9.8
10.4
10.3
9.4
10.6
10.6
10.3
10.8
10.1
10.4
10.6
10.7
10.1
10.5
10.6
10.0
9.8
9.9
10.1
9.4
8.3
8.9
9.3
9.0
9.0
9.3
9.7
9.4
9.7
9.9
9.8
10.2
10.3
10.1
10.3
10.6
10.3
10.6
10.6
10.6
10.4
10.8
11.0
11.2
11.4
11.6
11.2
10.9
10.4
10.6
10.7
10.6
10.7
10.6
9.8
10.0
10.1
10.0
10.1
1931
1932
-8.5
19.6
14.4
21.3
23.5
11.1
13.3
12.0
9.7
7.5
8.3
9.8
10.7
12.5
11.1
10.7
10.1
10.7
11.6
12.0
12.1
11.6
13.0
13.5
13.3
12.3
13.4
13.3
12.9
13.3
12.5
12.8
12.9
12.9
12.2
12.6
12.7
12.0
11.7
11.8
11.9
11.1
10.0
10.6
10.9
10.6
10.5
10.8
11.2
10.9
11.1
11.3
11.2
11.6
11.6
11.5
11.6
11.9
11.5
11.9
11.8
11.8
11.6
12.0
12.1
12.4
12.6
12.7
12.4
12.0
11.4
11.7
11.7
11.6
11.7
11.6
10.8
11.0
11.1
10.9
11.0
1932
1933
56.4
27.9
33.2
33.1
15.5
17.4
15.3
12.2
9.5
10.1
11.7
12.5
14.3
12.7
12.1
11.4
11.9
12.8
13.2
13.3
12.6
14.1
14.6
14.3
13.2
14.3
14.2
13.7
14.2
13.3
13.5
13.6
13.6
12.9
13.3
13.3
12.6
12.3
12.4
12.5
11.6
10.5
11.1
11.4
11.1
11.0
11.2
11.7
11.3
11.5
11.7
11.6
12.0
12.1
11.9
12.0
12.2
11.9
12.3
12.2
12.2
12.0
12.3
12.5
12.7
12.9
13.1
12.7
12.3
11.7
12.0
12.0
11.9
12.0
11.9
11.0
11.3
11.3
11.2
11.2
1933
Fama/French Total
US Market Index
1934
4.6
22.9
26.1
7.0
10.9
9.5
7.0
4.7
5.9
8.0
9.1
11.3
9.9
9.4
8.9
9.6
10.7
11.2
11.3
10.8
12.4
13.0
12.8
11.7
12.9
12.9
12.4
12.9
12.0
12.3
12.4
12.5
11.8
12.2
12.3
11.6
11.3
11.4
11.5
10.7
9.6
10.2
10.5
10.2
10.1
10.4
10.9
10.6
10.8
11.0
10.9
11.3
11.4
11.2
11.3
11.6
11.2
11.6
11.6
11.6
11.4
11.7
11.9
12.2
12.4
12.5
12.1
11.8
11.2
11.5
11.5
11.4
11.5
11.4
10.5
10.8
10.8
10.7
10.8
1934
1935
44.5
38.4
7.8
12.5
10.6
7.4
4.7
6.1
8.4
9.6
11.9
10.3
9.8
9.3
10.0
11.1
11.6
11.7
11.1
12.8
13.4
13.1
12.0
13.2
13.2
12.7
13.2
12.3
12.6
12.7
12.8
12.0
12.5
12.5
11.8
11.5
11.6
11.7
10.9
9.7
10.3
10.7
10.3
10.3
10.6
11.0
10.7
10.9
11.1
11.0
11.4
11.5
11.3
11.4
11.7
11.4
11.7
11.7
11.7
11.5
11.9
12.0
12.3
12.5
12.7
12.3
11.9
11.3
11.6
11.6
11.5
11.5
11.5
10.6
10.8
10.9
10.8
10.9
1935
1927–2012: Total Returns (%)
1936
32.6
-6.8
3.6
3.4
1.2
-0.7
1.5
4.5
6.3
9.1
7.7
7.3
6.9
7.8
9.2
9.8
10.1
9.5
11.3
12.0
11.8
10.7
12.0
12.1
11.6
12.1
11.3
11.6
11.7
11.8
11.1
11.6
11.7
11.0
10.7
10.8
11.0
10.1
8.9
9.6
9.9
9.6
9.6
9.9
10.4
10.0
10.3
10.5
10.4
10.8
10.9
10.7
10.9
11.2
10.8
11.2
11.2
11.2
11.0
11.4
11.5
11.8
12.0
12.2
11.8
11.4
10.9
11.1
11.2
11.1
11.1
11.1
10.2
10.4
10.5
10.4
10.5
1936
1937
-34.5
-8.5
-4.8
-5.4
-6.3
-2.9
1.0
3.4
6.8
5.5
5.3
5.0
6.1
7.7
8.5
8.8
8.3
10.3
11.0
10.9
9.8
11.2
11.2
10.8
11.4
10.5
10.9
11.1
11.2
10.5
11.0
11.1
10.4
10.1
10.2
10.4
9.5
8.3
9.0
9.4
9.1
9.1
9.4
9.9
9.6
9.8
10.1
10.0
10.4
10.5
10.4
10.5
10.8
10.5
10.9
10.9
10.9
10.7
11.1
11.2
11.5
11.7
11.9
11.5
11.1
10.6
10.9
10.9
10.8
10.9
10.8
9.9
10.2
10.3
10.1
10.2
1937
1938
27.9
14.8
7.0
2.4
5.0
8.6
10.4
13.5
11.2
10.4
9.6
10.5
11.9
12.5
12.5
11.7
13.7
14.3
14.0
12.6
14.0
14.0
13.4
13.9
12.8
13.2
13.3
13.3
12.5
13.0
13.0
12.2
11.8
11.9
12.1
11.1
9.8
10.5
10.9
10.5
10.5
10.8
11.2
10.9
11.1
11.4
11.2
11.6
11.7
11.5
11.6
11.9
11.6
12.0
11.9
11.9
11.7
12.1
12.2
12.5
12.7
12.9
12.5
12.1
11.5
11.7
11.7
11.7
11.7
11.6
10.7
11.0
11.1
10.9
11.0
1938
GROWTH OF $1
1939
3.0
-2.1
-4.9
0.0
5.1
7.7
11.6
9.3
8.6
8.0
9.0
10.6
11.3
11.5
10.7
12.9
13.6
13.3
11.9
13.4
13.3
12.7
13.3
12.3
12.6
12.7
12.8
11.9
12.5
12.5
11.7
11.3
11.5
11.6
10.7
9.4
10.1
10.5
10.1
10.1
10.4
10.9
10.5
10.7
11.0
10.9
11.3
11.4
11.2
11.3
11.7
11.3
11.7
11.7
11.6
11.4
11.8
12.0
12.3
12.5
12.7
12.2
11.8
11.2
11.5
11.5
11.4
11.5
11.4
10.5
10.7
10.8
10.7
10.8
1939
$100,000
1940
-6.9
-8.5
-1.0
5.7
8.7
13.1
10.2
9.4
8.5
9.7
11.3
12.1
12.2
11.3
13.6
14.3
13.9
12.4
13.9
13.9
13.2
13.8
12.7
13.0
13.1
13.2
12.3
12.8
12.9
12.0
11.6
11.8
11.9
10.9
9.6
10.3
10.7
10.3
10.2
10.6
11.1
10.7
10.9
11.2
11.1
11.5
11.6
11.4
11.5
11.8
11.5
11.9
11.8
11.8
11.6
12.0
12.1
12.5
12.6
12.8
12.4
12.0
11.4
11.6
11.7
11.6
11.6
11.5
10.6
10.9
11.0
10.8
10.9
1940
1941
-10.1
2.1
10.3
13.0
17.6
13.3
11.9
10.6
11.7
13.3
14.0
13.9
12.9
15.2
15.8
15.4
13.7
15.2
15.1
14.3
14.9
13.7
14.0
14.1
14.1
13.1
13.6
13.7
12.7
12.3
12.4
12.6
11.5
10.1
10.8
11.2
10.8
10.7
11.1
11.6
11.2
11.4
11.7
11.5
11.9
12.0
11.8
11.9
12.3
11.9
12.3
12.2
12.2
12.0
12.4
12.5
12.8
13.0
13.2
12.8
12.3
11.7
12.0
12.0
11.9
11.9
11.8
10.9
11.1
11.2
11.1
11.1
1941
$2,996
$10,000
1942
16.0
22.1
21.9
25.8
18.7
16.1
14.0
14.8
16.3
16.7
16.4
15.0
17.4
18.0
17.3
15.4
16.9
16.7
15.8
16.3
14.9
15.2
15.3
15.2
14.2
14.7
14.6
13.6
13.2
13.3
13.4
12.2
10.8
11.5
11.9
11.4
11.4
11.7
12.2
11.8
12.0
12.2
12.1
12.5
12.6
12.3
12.5
12.8
12.4
12.8
12.7
12.7
12.4
12.8
13.0
13.3
13.5
13.7
13.2
12.7
12.1
12.4
12.4
12.3
12.3
12.2
11.2
11.5
11.6
11.4
11.5
1942
$1,000
1943
28.6
25.0
29.2
19.4
16.1
13.6
14.6
16.3
16.8
16.5
14.9
17.5
18.1
17.4
15.3
17.0
16.7
15.8
16.3
14.9
15.2
15.2
15.2
14.1
14.6
14.6
13.5
13.1
13.2
13.3
12.1
10.6
11.3
11.8
11.3
11.2
11.6
12.1
11.7
11.9
12.1
12.0
12.4
12.5
12.3
12.4
12.7
12.3
12.7
12.6
12.6
12.4
12.8
12.9
13.2
13.4
13.6
13.1
12.7
12.0
12.3
12.3
12.2
12.3
12.1
11.2
11.4
11.5
11.4
11.4
1943
1944
21.4
29.5
16.5
13.2
10.9
12.4
14.7
15.4
15.2
13.7
16.6
17.3
16.6
14.4
16.2
16.0
15.1
15.7
14.2
14.5
14.6
14.6
13.5
14.1
14.1
13.0
12.5
12.7
12.8
11.6
10.1
10.8
11.3
10.8
10.8
11.1
11.7
11.2
11.5
11.8
11.6
12.1
12.2
11.9
12.0
12.4
12.0
12.4
12.3
12.3
12.1
12.5
12.6
13.0
13.2
13.4
12.9
12.4
11.7
12.1
12.1
12.0
12.0
11.9
10.9
11.2
11.3
11.1
11.2
1944
$100
1945
38.0
14.1
10.5
8.4
10.7
13.6
14.6
14.4
12.8
16.1
16.9
16.2
13.9
15.9
15.7
14.7
15.4
13.8
14.2
14.3
14.3
13.1
13.7
13.8
12.7
12.2
12.3
12.5
11.3
9.7
10.5
11.0
10.5
10.5
10.8
11.4
11.0
11.2
11.5
11.4
11.8
11.9
11.7
11.8
12.2
11.8
12.2
12.2
12.1
11.9
12.3
12.5
12.8
13.0
13.2
12.7
12.3
11.6
11.9
11.9
11.8
11.9
11.8
10.8
11.0
11.1
11.0
11.0
1945
1946
-5.7
-1.1
0.0
4.7
9.3
11.1
11.4
10.0
13.9
15.0
14.4
12.1
14.3
14.2
13.3
14.1
12.5
13.0
13.2
13.2
12.1
12.8
12.8
11.7
11.3
11.5
11.6
10.4
8.8
9.7
10.2
9.8
9.7
10.1
10.7
10.3
10.6
10.9
10.8
11.2
11.4
11.1
11.3
11.7
11.2
11.7
11.7
11.7
11.4
11.9
12.0
12.4
12.6
12.8
12.3
11.9
11.2
11.5
11.5
11.4
11.5
11.4
10.4
10.7
10.8
10.6
10.7
1946
$10
1947
3.7
2.9
8.4
13.3
14.8
14.6
12.5
16.6
17.5
16.6
13.9
16.2
15.9
14.8
15.5
13.8
14.2
14.3
14.3
13.0
13.7
13.7
12.6
12.0
12.2
12.4
11.1
9.4
10.3
10.8
10.3
10.3
10.6
11.2
10.8
11.1
11.4
11.2
11.7
11.8
11.6
11.7
12.1
11.7
12.1
12.1
12.1
11.8
12.2
12.4
12.8
13.0
13.2
12.7
12.2
11.5
11.8
11.8
11.7
11.8
11.7
10.7
10.9
11.0
10.9
10.9
1947
1948
2.1
10.9
16.8
17.7
16.9
14.0
18.6
19.4
18.1
14.9
17.4
17.0
15.7
16.4
14.5
14.9
15.0
14.9
13.6
14.2
14.2
13.0
12.4
12.6
12.7
11.4
9.6
10.5
11.0
10.5
10.5
10.9
11.5
11.0
11.3
11.6
11.4
11.9
12.1
11.8
11.9
12.3
11.8
12.3
12.3
12.2
12.0
12.4
12.6
13.0
13.2
13.4
12.9
12.4
11.6
12.0
12.0
11.9
11.9
11.8
10.8
11.1
11.2
11.0
11.1
1948
$1
1949
20.3
24.8
23.4
20.9
16.5
21.5
22.1
20.3
16.4
19.0
18.4
16.9
17.6
15.4
15.8
15.8
15.7
14.2
14.9
14.9
13.5
12.9
13.0
13.2
11.8
9.9
10.8
11.4
10.8
10.8
11.2
11.8
11.3
11.6
11.9
11.7
12.2
12.3
12.0
12.2
12.6
12.1
12.6
12.5
12.5
12.2
12.7
12.8
13.2
13.4
13.6
13.1
12.6
11.8
12.2
12.2
12.1
12.1
12.0
10.9
11.2
11.3
11.1
11.2
1949
1950
29.5
25.0
21.0
15.6
21.8
22.4
20.3
16.0
18.9
18.2
16.6
17.4
15.1
15.5
15.5
15.5
13.9
14.6
14.6
13.2
12.6
12.7
12.9
11.4
9.5
10.5
11.1
10.5
10.4
10.9
11.5
11.0
11.3
11.7
11.5
12.0
12.1
11.8
12.0
12.4
11.9
12.4
12.3
12.3
12.0
12.5
12.7
13.0
13.3
13.5
12.9
12.4
11.7
12.0
12.0
11.9
12.0
11.9
10.8
11.1
11.2
11.0
11.1
1950
1951
20.6
17.0
11.3
19.9
21.0
18.8
14.1
17.6
17.1
15.3
16.4
13.9
14.5
14.6
14.6
13.0
13.8
13.8
12.4
11.8
12.0
12.2
10.7
8.7
9.8
10.4
9.9
9.8
10.3
11.0
10.5
10.8
11.2
11.0
11.5
11.7
11.4
11.6
12.0
11.5
12.0
12.0
11.9
11.6
12.1
12.3
12.7
12.9
13.2
12.6
12.1
11.4
11.7
11.7
11.6
11.7
11.6
10.5
10.8
10.9
10.7
10.8
1951
D I M E N S I O N A L F U N D A D VI S O R S
$0
1927
1952
13.5
6.9
19.7
21.1
18.4
13.1
17.2
16.6
14.8
15.9
13.4
14.0
14.1
14.2
12.5
13.4
13.4
12.0
11.3
11.6
11.8
10.3
8.3
9.4
10.0
9.5
9.4
9.9
10.7
10.2
10.5
10.9
10.7
11.3
11.4
11.1
11.3
11.8
11.3
11.8
11.7
11.7
11.4
12.0
12.2
12.5
12.8
13.0
12.5
12.0
11.2
11.5
11.6
11.5
11.5
11.4
10.3
10.6
10.7
10.6
10.6
1952
1953
0.7
22.9
23.7
19.7
13.0
17.8
17.1
14.9
16.2
13.3
14.0
14.2
14.2
12.4
13.4
13.4
11.9
11.2
11.5
11.7
10.1
8.0
9.2
9.9
9.3
9.3
9.8
10.6
10.0
10.4
10.8
10.6
11.2
11.4
11.1
11.3
11.7
11.2
11.8
11.7
11.7
11.4
11.9
12.1
12.5
12.8
13.0
12.5
11.9
11.1
11.5
11.5
11.4
11.5
11.4
10.3
10.6
10.7
10.5
10.6
1953
2012
Data provided by Fama/French.
1954
50.1
37.2
26.8
16.3
21.6
20.1
17.1
18.3
14.8
15.4
15.5
15.4
13.4
14.4
14.3
12.6
11.9
12.1
12.3
10.6
8.4
9.6
10.3
9.7
9.6
10.2
10.9
10.4
10.8
11.1
10.9
11.6
11.7
11.4
11.6
12.0
11.5
12.1
12.0
12.0
11.7
12.2
12.4
12.8
13.1
13.3
12.7
12.2
11.4
11.7
11.7
11.6
11.7
11.6
10.4
10.7
10.9
10.7
10.8
1954
1955
25.3
16.5
6.9
15.3
14.8
12.4
14.4
11.0
12.1
12.5
12.7
10.7
12.0
12.1
10.5
9.8
10.2
10.5
8.8
6.6
8.0
8.8
8.2
8.2
8.8
9.7
9.1
9.6
10.0
9.8
10.5
10.7
10.4
10.6
11.1
10.6
11.2
11.1
11.1
10.8
11.4
11.6
12.1
12.3
12.6
12.0
11.5
10.7
11.1
11.1
11.0
11.1
11.0
9.8
10.1
10.3
10.1
10.2
1955
1956
8.3
-1.3
12.2
12.3
9.9
12.6
9.1
10.6
11.2
11.5
9.5
10.9
11.2
9.5
8.9
9.3
9.7
8.0
5.7
7.2
8.0
7.5
7.5
8.2
9.1
8.6
9.0
9.5
9.3
10.0
10.2
10.0
10.2
10.7
10.2
10.8
10.8
10.8
10.5
11.1
11.3
11.8
12.0
12.3
11.7
11.2
10.4
10.8
10.8
10.7
10.8
10.7
9.5
9.9
10.0
9.8
9.9
1956
1957
-10.1
14.2
13.7
10.4
13.5
9.3
10.9
11.5
11.9
9.6
11.2
11.4
9.6
8.9
9.4
9.8
8.0
5.6
7.1
8.0
7.5
7.5
8.2
9.1
8.6
9.0
9.5
9.4
10.1
10.3
10.0
10.3
10.8
10.2
10.9
10.9
10.9
10.6
11.2
11.4
11.9
12.1
12.4
11.8
11.3
10.4
10.8
10.9
10.8
10.9
10.7
9.6
9.9
10.0
9.9
10.0
1957
1958
45.0
27.9
18.2
20.3
13.6
14.8
15.0
15.0
12.0
13.6
13.6
11.4
10.5
10.9
11.3
9.2
6.6
8.1
9.1
8.4
8.4
9.1
10.0
9.4
9.9
10.4
10.2
10.9
11.1
10.8
11.0
11.5
10.9
11.6
11.5
11.5
11.2
11.8
12.0
12.5
12.7
13.0
12.4
11.8
10.9
11.3
11.4
11.2
11.3
11.2
10.0
10.3
10.5
10.3
10.4
1958
1959
12.8
6.7
13.1
6.9
9.6
10.7
11.2
8.5
10.5
10.9
8.7
8.1
8.7
9.2
7.2
4.6
6.3
7.3
6.8
6.8
7.6
8.7
8.1
8.6
9.2
9.0
9.8
10.0
9.7
10.0
10.6
10.0
10.7
10.7
10.7
10.4
11.0
11.3
11.7
12.0
12.3
11.7
11.1
10.3
10.7
10.7
10.6
10.7
10.6
9.4
9.7
9.9
9.7
9.8
1959
1960
0.9
13.2
5.1
8.8
10.3
11.0
7.9
10.3
10.7
8.3
7.6
8.3
8.9
6.8
4.0
5.9
7.0
6.5
6.5
7.3
8.5
7.9
8.4
9.0
8.9
9.7
9.9
9.6
9.9
10.5
9.9
10.6
10.6
10.6
10.3
10.9
11.2
11.7
12.0
12.3
11.7
11.1
10.2
10.7
10.7
10.6
10.7
10.6
9.3
9.7
9.8
9.7
9.8
1960
1961
27.0
7.2
11.6
12.7
13.1
9.1
11.6
12.0
9.2
8.3
9.0
9.6
7.2
4.3
6.2
7.4
6.8
6.9
7.7
8.8
8.2
8.8
9.4
9.2
10.0
10.3
10.0
10.2
10.8
10.2
10.9
10.9
10.9
10.6
11.2
11.5
12.0
12.3
12.6
12.0
11.3
10.4
10.9
10.9
10.8
10.9
10.8
9.5
9.9
10.0
9.8
9.9
1961
1962
-9.6
4.6
8.3
9.9
5.8
9.3
10.0
7.2
6.4
7.4
8.2
5.7
2.7
4.9
6.2
5.6
5.8
6.7
8.0
7.4
8.0
8.6
8.5
9.4
9.7
9.4
9.7
10.3
9.7
10.4
10.4
10.5
10.1
10.8
11.1
11.6
11.9
12.3
11.6
11.0
10.1
10.5
10.6
10.5
10.6
10.5
9.2
9.5
9.7
9.5
9.6
1962
1963
21.0
18.6
17.2
10.1
13.5
13.6
9.8
8.6
9.4
10.1
7.3
3.8
6.1
7.5
6.7
6.8
7.8
9.0
8.3
9.0
9.6
9.4
10.3
10.6
10.2
10.5
11.1
10.5
11.2
11.2
11.2
10.8
11.5
11.8
12.3
12.6
12.9
12.2
11.6
10.6
11.1
11.1
11.0
11.1
10.9
9.6
10.0
10.1
9.9
10.0
1963
1964
16.2
15.3
6.7
11.7
12.2
8.0
7.0
8.1
9.0
6.0
2.4
4.9
6.5
5.8
5.9
7.0
8.4
7.7
8.4
9.1
8.9
9.8
10.1
9.8
10.1
10.7
10.1
10.9
10.8
10.9
10.5
11.2
11.5
12.1
12.4
12.7
12.0
11.3
10.3
10.8
10.9
10.7
10.9
10.7
9.4
9.8
9.9
9.7
9.8
1964
1965
14.5
2.2
10.2
11.2
6.4
5.5
6.9
8.1
4.9
1.1
4.0
5.7
5.0
5.2
6.4
7.9
7.2
7.9
8.7
8.5
9.5
9.8
9.5
9.8
10.5
9.8
10.7
10.7
10.7
10.3
11.1
11.4
11.9
12.3
12.6
11.9
11.2
10.2
10.7
10.7
10.6
10.7
10.6
9.2
9.6
9.8
9.6
9.7
1965
1966
-8.8
8.1
10.1
4.5
3.8
5.7
7.2
3.7
-0.3
3.0
5.0
4.3
4.6
5.8
7.5
6.8
7.6
8.4
8.2
9.3
9.6
9.3
9.6
10.4
9.7
10.5
10.5
10.5
10.2
10.9
11.3
11.8
12.2
12.6
11.8
11.1
10.1
10.6
10.6
10.5
10.6
10.5
9.1
9.5
9.7
9.5
9.6
1966
1967
28.2
21.0
9.4
7.2
8.9
10.2
5.7
0.8
4.4
6.4
5.5
5.8
7.0
8.7
7.9
8.7
9.5
9.2
10.3
10.6
10.2
10.6
11.3
10.5
11.4
11.3
11.3
10.9
11.7
12.0
12.6
12.9
13.3
12.5
11.7
10.7
11.2
11.2
11.1
11.2
11.0
9.6
10.0
10.1
9.9
10.0
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
14.2
1.0
1.0
4.6
6.9
2.3
-2.6
1.7
4.3
3.5
3.9
5.4
7.4
6.6
7.5
8.4
8.2
9.4
9.8
9.4
9.8
10.6
9.8
10.7
10.7
10.7
10.3
11.1
11.5
12.1
12.5
12.8
12.0
11.3
10.2
10.7
10.8
10.6
10.8
10.6
9.1
9.6
9.8
9.6
9.7
1968
1969
-10.6
-5.1
1.5
5.1
0.1
-5.2
0.1
3.1
2.4
2.9
4.7
6.8
6.0
7.0
8.0
7.8
9.2
9.6
9.1
9.6
10.4
9.6
10.6
10.6
10.6
10.2
11.0
11.4
12.0
12.4
12.8
12.0
11.2
10.1
10.6
10.7
10.6
10.7
10.5
9.0
9.5
9.7
9.4
9.6
1969
1970
0.9
8.2
11.0
3.0
-4.1
2.0
5.2
4.1
4.6
6.4
8.6
7.5
8.5
9.5
9.2
10.5
10.9
10.4
10.7
11.6
10.7
11.7
11.6
11.6
11.1
12.0
12.3
12.9
13.3
13.7
12.8
12.0
10.8
11.3
11.4
11.2
11.3
11.2
9.6
10.0
10.2
10.0
10.1
1970
1971
16.0
16.4
3.7
-5.2
2.2
5.9
4.6
5.1
7.0
9.4
8.1
9.2
10.2
9.8
11.2
11.5
10.9
11.3
12.2
11.2
12.2
12.1
12.1
11.5
12.4
12.8
13.4
13.8
14.1
13.2
12.3
11.1
11.7
11.7
11.5
11.6
11.5
9.8
10.3
10.4
10.2
10.3
1971
1972
16.8
-2.0
-11.4
-1.0
4.0
2.8
3.6
5.9
8.6
7.4
8.6
9.7
9.4
10.9
11.2
10.6
11.0
12.0
10.9
12.0
11.9
11.9
11.3
12.3
12.6
13.3
13.7
14.1
13.1
12.2
10.9
11.5
11.5
11.4
11.5
11.3
9.6
10.1
10.3
10.1
10.2
1972
1973
-17.8
-22.9
-6.3
1.1
0.2
1.5
4.4
7.7
6.4
7.8
9.1
8.8
10.4
10.8
10.2
10.7
11.7
10.6
11.8
11.7
11.7
11.1
12.1
12.5
13.2
13.6
14.0
13.0
12.1
10.8
11.4
11.4
11.2
11.3
11.2
9.5
9.9
10.1
9.9
10.0
1973
1974
-27.7
-0.1
8.2
5.3
5.9
8.7
11.9
9.9
11.1
12.2
11.6
13.2
13.4
12.6
12.9
13.8
12.6
13.7
13.5
13.4
12.7
13.7
14.0
14.7
15.1
15.4
14.3
13.3
11.9
12.5
12.5
12.3
12.4
12.2
10.3
10.8
11.0
10.7
10.8
1974
1975
38.1
32.4
19.4
16.5
17.9
20.3
16.6
17.2
17.9
16.5
17.9
17.8
16.5
16.6
17.3
15.7
16.8
16.4
16.1
15.2
16.2
16.4
17.0
17.3
17.6
16.4
15.2
13.7
14.2
14.2
13.9
13.9
13.7
11.7
12.2
12.3
12.0
12.1
1975
1976
27.0
10.9
10.0
13.3
17.1
13.4
14.5
15.5
14.3
16.0
16.1
14.8
15.0
16.0
14.4
15.5
15.2
15.0
14.1
15.2
15.5
16.1
16.5
16.8
15.6
14.4
12.8
13.5
13.4
13.2
13.2
13.0
11.0
11.5
11.7
11.4
11.5
1976
1977
-3.1
2.4
9.1
14.7
10.8
12.5
14.0
12.8
14.8
15.0
13.8
14.1
15.2
13.5
14.8
14.5
14.3
13.5
14.6
14.9
15.6
16.0
16.4
15.1
13.9
12.3
13.0
12.9
12.7
12.8
12.6
10.5
11.1
11.3
11.0
11.1
1977
1978
8.2
15.7
21.3
14.6
15.9
17.1
15.3
17.3
17.2
15.6
15.8
16.8
14.9
16.2
15.8
15.5
14.5
15.6
15.9
16.7
17.0
17.4
16.0
14.7
13.0
13.7
13.6
13.3
13.4
13.1
11.0
11.5
11.7
11.4
11.5
1978
1979
23.7
28.4
16.8
17.9
19.0
16.5
18.7
18.4
16.4
16.6
17.7
15.5
16.9
16.3
16.0
14.9
16.1
16.4
17.1
17.5
17.8
16.3
15.0
13.2
13.9
13.8
13.5
13.6
13.3
11.1
11.7
11.8
11.5
11.6
1979
1980
33.4
13.5
16.1
17.8
15.1
17.8
17.7
15.6
15.8
17.1
14.8
16.3
15.8
15.5
14.3
15.6
16.0
16.8
17.2
17.5
16.0
14.6
12.8
13.5
13.4
13.1
13.2
12.9
10.7
11.3
11.5
11.1
11.2
1980
1981
-3.3
8.3
13.1
11.0
15.0
15.2
13.2
13.8
15.4
13.0
14.9
14.4
14.2
13.1
14.5
15.0
15.9
16.3
16.7
15.2
13.8
11.9
12.7
12.7
12.4
12.5
12.2
10.0
10.6
10.8
10.5
10.6
1981
1982
21.3
22.3
16.2
20.1
19.4
16.3
16.5
18.0
15.0
16.9
16.2
15.8
14.5
15.9
16.3
17.2
17.6
18.0
16.3
14.7
12.7
13.5
13.4
13.1
13.2
12.9
10.5
11.1
11.3
11.0
11.1
1982
1983
23.2
13.8
19.6
18.9
15.3
15.7
17.5
14.3
16.4
15.7
15.3
13.9
15.5
15.9
16.9
17.4
17.8
16.0
14.4
12.3
13.1
13.1
12.8
12.9
12.6
10.1
10.7
11.0
10.6
10.8
1983
1984
5.0
17.9
17.5
13.4
14.3
16.6
13.0
15.5
14.9
14.5
13.1
14.9
15.4
16.5
17.0
17.5
15.6
13.9
11.7
12.6
12.6
12.3
12.4
12.1
9.6
10.3
10.6
10.2
10.4
1984
1985
32.4
24.2
16.3
16.7
19.0
14.4
17.1
16.2
15.6
14.0
15.9
16.3
17.4
17.9
18.3
16.3
14.5
12.1
13.1
13.0
12.7
12.8
12.5
9.8
10.5
10.8
10.4
10.6
1985
1986
16.6
9.0
11.9
15.9
11.2
14.8
14.1
13.7
12.1
14.3
14.9
16.2
16.8
17.4
15.3
13.4
11.0
12.1
12.1
11.8
11.9
11.6
8.9
9.7
10.0
9.6
9.8
1986
1987
2.0
9.6
15.7
9.8
14.4
13.7
13.3
11.5
14.1
14.8
16.2
16.9
17.5
15.2
13.2
10.7
11.8
11.8
11.5
11.7
11.4
8.6
9.4
9.7
9.4
9.6
1987
1988
17.9
23.3
12.6
17.8
16.2
15.3
13.0
15.7
16.3
17.7
18.3
18.8
16.2
14.1
11.3
12.5
12.4
12.1
12.2
11.9
8.9
9.7
10.1
9.7
9.9
1988
1989
28.9
10.1
17.7
15.7
14.8
12.2
15.4
16.1
17.7
18.4
18.9
16.1
13.8
10.8
12.1
12.1
11.7
11.9
11.6
8.5
9.4
9.7
9.3
9.6
1989
1990
-6.0
12.5
11.6
11.5
9.1
13.3
14.4
16.4
17.2
18.0
15.0
12.6
9.5
11.0
11.0
10.7
11.0
10.7
7.5
8.5
8.9
8.5
8.8
1990
1991
34.7
21.7
18.1
13.2
17.6
18.2
20.0
20.5
21.0
17.4
14.5
10.9
12.4
12.4
12.0
12.2
11.8
8.3
9.3
9.7
9.3
9.5
1991
1992
9.9
10.6
6.9
13.6
15.2
17.7
18.6
19.4
15.6
12.6
9.0
10.7
10.8
10.5
10.8
10.5
6.9
8.0
8.5
8.1
8.5
1992
MATR IX BOOK 2013
1993
11.3
5.4
14.9
16.5
19.3
20.1
20.8
16.3
12.9
8.9
10.8
10.9
10.5
10.9
10.5
6.7
7.9
8.5
8.0
8.4
1993
1994
-0.2
16.8
18.3
21.4
22.0
22.5
17.0
13.1
8.7
10.8
10.9
10.5
10.8
10.5
6.4
7.7
8.3
7.9
8.2
1994
1995
36.6
28.8
29.6
28.3
27.6
20.2
15.2
9.8
12.1
12.0
11.5
11.8
11.3
6.9
8.3
8.8
8.4
8.7
1995
1996
21.4
26.3
25.6
25.4
17.2
11.9
6.4
9.3
9.6
9.3
9.8
9.4
4.9
6.5
7.2
6.8
7.3
1996
1997
31.3
27.7
26.8
16.1
10.1
4.1
7.7
8.2
8.0
8.7
8.4
3.6
5.4
6.3
5.9
6.5
1997
1998
24.3
24.6
11.4
5.4
-0.6
4.2
5.2
5.4
6.4
6.3
1.4
3.5
4.5
4.3
5.0
1998
1999
24.9
5.5
-0.3
-6.0
0.6
2.4
2.9
4.4
4.5
-0.6
1.8
3.0
2.9
3.7
1999
2000
-10.8
-10.9
-14.5
-4.7
-1.6
-0.4
1.8
2.2
-3.1
-0.3
1.3
1.2
2.2
2000
2001
-10.9
-16.3
-2.6
0.8
1.9
4.0
4.2
-2.1
1.0
2.6
2.4
3.4
2001
2002
-21.3
1.8
5.1
5.4
7.3
7.0
-0.7
2.6
4.2
3.9
4.8
2002
2003
31.8
21.4
16.1
15.9
13.8
3.2
6.5
7.9
7.1
7.9
2003
2004
11.9
9.0
11.1
9.7
-1.8
2.8
4.8
4.4
5.5
2004
2005
6.2
10.7
8.9
-4.9
1.1
3.7
3.3
4.7
2005
2006
15.4
10.3
-8.3
-0.1
3.2
2.9
4.5
2006
2007
5.5
-18.3
-4.8
0.4
0.5
2.8
2007
2008
-36.7
-9.6
-1.2
-0.7
2.3
2008
2009
29.1 2010
23.3 17.8 2011
15.4 9.1 1.0 2012
15.3 11.0 7.8 15.1
2009 2010 2011 2012
13

9. 1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
14
1928
37.3
7.9
-7.5
-19.5
-17.3
-6.5
-4.9
0.4
3.8
-1.2
1.2
1.2
0.5
-0.1
1.0
2.8
4.1
6.0
5.3
5.2
5.0
5.6
6.7
7.2
7.4
7.1
8.5
9.0
9.0
8.2
9.4
9.5
9.2
9.7
9.1
9.4
9.6
9.8
9.3
9.9
10.1
9.5
9.2
9.4
9.5
8.7
7.8
8.4
8.9
8.7
8.8
9.1
9.5
9.3
9.6
9.9
9.7
10.1
10.2
10.0
10.2
10.4
10.1
10.4
10.5
10.5
10.4
10.7
10.9
11.1
11.2
11.3
11.1
10.9
10.4
10.7
10.8
10.7
10.8
10.7
9.9
10.2
10.3
10.1
10.2
1928
1929
-15.3
-24.1
-32.7
-27.1
-13.5
-10.6
-4.0
0.3
-4.8
-1.8
-1.6
-2.0
-2.6
-1.2
0.8
2.3
4.4
3.8
3.7
3.6
4.3
5.5
6.0
6.3
6.0
7.5
8.1
8.1
7.3
8.5
8.7
8.4
9.0
8.3
8.7
8.9
9.2
8.7
9.3
9.5
8.9
8.6
8.8
8.9
8.1
7.2
7.9
8.4
8.2
8.3
8.6
9.0
8.9
9.1
9.4
9.3
9.7
9.8
9.6
9.8
10.0
9.7
10.1
10.1
10.2
10.0
10.4
10.5
10.8
10.9
11.0
10.8
10.6
10.1
10.4
10.5
10.4
10.5
10.4
9.6
9.9
10.0
9.9
9.9
1929
1930
-32.1
-40.0
-30.7
-13.0
-9.6
-2.0
2.7
-3.4
-0.2
-0.1
-0.7
-1.4
0.0
2.1
3.6
5.8
5.0
4.9
4.7
5.4
6.6
7.1
7.4
7.0
8.6
9.1
9.1
8.3
9.5
9.6
9.3
9.8
9.1
9.5
9.7
9.9
9.4
10.0
10.3
9.5
9.3
9.5
9.6
8.7
7.8
8.4
8.9
8.8
8.8
9.2
9.6
9.4
9.6
9.9
9.8
10.2
10.3
10.1
10.3
10.5
10.1
10.5
10.6
10.6
10.5
10.8
10.9
11.2
11.3
11.4
11.2
11.0
10.5
10.8
10.8
10.8
10.9
10.8
10.0
10.2
10.3
10.2
10.3
1930
1931
-46.9
-30.0
-5.5
-2.9
5.4
10.0
1.6
4.7
4.2
3.1
2.0
3.3
5.4
6.7
8.9
7.9
7.6
7.2
7.9
9.0
9.5
9.6
9.2
10.7
11.2
11.1
10.1
11.3
11.4
11.0
11.5
10.8
11.1
11.2
11.4
10.9
11.5
11.7
10.9
10.6
10.7
10.8
9.9
8.9
9.6
10.1
9.9
9.9
10.2
10.6
10.4
10.7
10.9
10.8
11.2
11.2
11.0
11.2
11.4
11.0
11.4
11.4
11.5
11.3
11.6
11.8
12.0
12.1
12.2
12.0
11.7
11.2
11.5
11.6
11.5
11.6
11.5
10.7
10.9
11.0
10.9
10.9
1931
1932
-7.7
26.1
18.8
25.2
27.3
13.2
15.4
13.4
11.0
8.9
9.7
11.6
12.6
14.7
13.1
12.5
11.7
12.2
13.2
13.5
13.5
12.8
14.3
14.7
14.4
13.3
14.4
14.4
13.9
14.3
13.4
13.6
13.7
13.9
13.2
13.8
13.9
13.1
12.7
12.8
12.8
11.8
10.8
11.4
11.8
11.6
11.6
11.9
12.3
12.0
12.3
12.5
12.3
12.7
12.7
12.5
12.6
12.9
12.4
12.8
12.8
12.8
12.6
12.9
13.1
13.3
13.4
13.5
13.2
12.9
12.4
12.7
12.7
12.6
12.7
12.6
11.7
12.0
12.1
11.9
12.0
1932
1933
72.2
34.7
38.6
38.0
17.9
19.8
16.8
13.6
10.9
11.6
13.5
14.5
16.6
14.8
14.0
13.1
13.5
14.5
14.8
14.7
13.9
15.4
15.8
15.4
14.2
15.4
15.3
14.7
15.2
14.2
14.4
14.5
14.6
13.9
14.5
14.6
13.7
13.3
13.4
13.4
12.4
11.2
11.9
12.3
12.1
12.1
12.4
12.7
12.5
12.7
13.0
12.8
13.1
13.2
12.9
13.0
13.3
12.8
13.2
13.2
13.2
13.0
13.3
13.4
13.7
13.7
13.8
13.6
13.3
12.7
13.0
13.0
13.0
13.0
12.9
12.0
12.2
12.3
12.2
12.2
1933
Dimensional US Adjusted
Market 1 Index
1934
5.4
24.3
28.1
7.3
11.4
9.5
7.0
4.9
6.4
8.9
10.3
12.9
11.2
10.6
9.9
10.6
11.8
12.2
12.2
11.6
13.2
13.7
13.4
12.3
13.6
13.5
13.0
13.5
12.6
12.9
13.0
13.2
12.5
13.1
13.3
12.4
12.0
12.1
12.2
11.2
10.1
10.7
11.2
11.0
11.0
11.3
11.7
11.5
11.7
12.0
11.8
12.2
12.3
12.0
12.2
12.4
12.0
12.4
12.4
12.4
12.2
12.5
12.7
12.9
13.0
13.1
12.9
12.6
12.0
12.3
12.4
12.3
12.4
12.2
11.4
11.6
11.7
11.5
11.6
1934
1935
46.7
41.3
7.9
13.0
10.3
7.3
4.9
6.5
9.3
10.8
13.6
11.8
11.1
10.3
10.9
12.2
12.6
12.6
11.9
13.7
14.1
13.8
12.6
13.9
13.9
13.3
13.8
12.9
13.1
13.3
13.5
12.7
13.3
13.5
12.6
12.2
12.3
12.4
11.3
10.2
10.9
11.4
11.1
11.1
11.5
11.9
11.6
11.9
12.2
12.0
12.3
12.4
12.2
12.3
12.5
12.1
12.5
12.5
12.5
12.3
12.7
12.8
13.1
13.1
13.3
13.0
12.7
12.1
12.4
12.5
12.4
12.5
12.3
11.4
11.7
11.8
11.6
11.7
1935
1928–2012: Total Returns (%)
1936
36.1
-7.5
3.6
2.8
0.8
-0.8
1.8
5.3
7.5
10.7
9.0
8.5
7.9
8.7
10.2
10.8
10.9
10.2
12.1
12.7
12.5
11.2
12.7
12.7
12.2
12.7
11.8
12.1
12.3
12.5
11.8
12.4
12.7
11.7
11.4
11.5
11.6
10.5
9.4
10.1
10.6
10.4
10.4
10.8
11.2
11.0
11.2
11.5
11.4
11.7
11.8
11.6
11.7
12.0
11.6
12.0
12.0
12.0
11.8
12.2
12.3
12.6
12.7
12.8
12.5
12.2
11.7
12.0
12.0
12.0
12.0
11.9
11.0
11.3
11.4
11.2
11.3
1936
1937
-37.1
-9.6
-6.4
-6.5
-6.9
-3.0
1.5
4.3
8.2
6.6
6.3
5.8
6.9
8.6
9.3
9.5
8.9
10.9
11.6
11.4
10.2
11.7
11.8
11.3
11.9
10.9
11.3
11.5
11.7
11.0
11.7
12.0
11.1
10.7
10.9
10.9
9.9
8.7
9.5
10.1
9.8
9.9
10.3
10.7
10.5
10.7
11.1
10.9
11.3
11.4
11.1
11.3
11.6
11.2
11.6
11.6
11.6
11.4
11.8
12.0
12.2
12.3
12.5
12.2
11.9
11.3
11.7
11.7
11.7
11.7
11.6
10.7
11.0
11.1
10.9
11.0
1937
GROWTH OF $1
1938
29.9
14.1
6.7
2.7
5.7
9.9
12.1
15.8
13.1
12.0
10.9
11.7
13.2
13.7
13.6
12.7
14.7
15.2
14.8
13.3
14.8
14.7
14.1
14.6
13.5
13.8
13.9
14.1
13.2
13.9
14.1
13.0
12.6
12.7
12.7
11.6
10.4
11.1
11.6
11.4
11.4
11.7
12.2
11.9
12.1
12.4
12.2
12.6
12.7
12.4
12.6
12.8
12.4
12.8
12.8
12.8
12.6
12.9
13.0
13.3
13.4
13.5
13.2
12.9
12.3
12.6
12.7
12.6
12.7
12.5
11.6
11.9
12.0
11.8
11.9
1938
$100,000
1939
0.2
-3.3
-5.1
0.4
6.3
9.4
13.9
11.1
10.2
9.2
10.2
11.9
12.5
12.5
11.6
13.8
14.3
14.0
12.5
14.1
14.0
13.4
14.0
12.8
13.2
13.3
13.5
12.7
13.4
13.6
12.5
12.1
12.2
12.3
11.1
9.9
10.7
11.2
10.9
10.9
11.3
11.8
11.5
11.8
12.1
11.9
12.3
12.3
12.1
12.3
12.5
12.0
12.5
12.5
12.5
12.3
12.6
12.8
13.1
13.1
13.3
13.0
12.7
12.1
12.4
12.4
12.4
12.4
12.3
11.3
11.6
11.7
11.6
11.6
1939
1940
-6.7
-7.6
0.5
7.9
11.4
16.3
12.8
11.5
10.3
11.2
13.1
13.6
13.5
12.5
14.8
15.3
14.9
13.2
14.9
14.8
14.1
14.6
13.4
13.7
13.9
14.1
13.2
13.9
14.1
13.0
12.5
12.6
12.7
11.5
10.2
11.0
11.5
11.2
11.2
11.6
12.1
11.8
12.0
12.4
12.2
12.6
12.6
12.3
12.5
12.8
12.3
12.7
12.7
12.7
12.5
12.9
13.0
13.3
13.4
13.5
13.2
12.9
12.3
12.6
12.6
12.6
12.6
12.5
11.5
11.8
11.9
11.7
11.8
1940
$3,925
$10,000
1941
-8.6
4.2
13.3
16.4
21.6
16.4
14.4
12.6
13.4
15.3
15.6
15.4
14.1
16.5
16.9
16.4
14.5
16.2
16.0
15.2
15.8
14.4
14.7
14.8
15.0
14.0
14.7
14.9
13.7
13.2
13.3
13.3
12.1
10.7
11.5
12.1
11.8
11.7
12.1
12.6
12.3
12.5
12.9
12.6
13.0
13.1
12.8
13.0
13.2
12.7
13.1
13.1
13.1
12.9
13.3
13.4
13.7
13.7
13.9
13.6
13.2
12.6
12.9
13.0
12.9
12.9
12.8
11.8
12.1
12.2
12.0
12.1
1941
1942
18.8
26.1
26.1
30.6
22.1
18.7
16.0
16.5
18.3
18.4
17.9
16.2
18.7
19.0
18.3
16.1
17.9
17.6
16.6
17.2
15.7
15.9
15.9
16.1
15.0
15.7
15.9
14.6
14.1
14.1
14.1
12.8
11.3
12.2
12.7
12.4
12.4
12.7
13.2
12.9
13.1
13.4
13.2
13.6
13.6
13.3
13.5
13.7
13.2
13.6
13.6
13.6
13.3
13.7
13.8
14.1
14.2
14.3
14.0
13.6
13.0
13.3
13.3
13.3
13.3
13.1
12.1
12.4
12.5
12.3
12.4
1942
$1,000
1943
33.8
30.0
34.7
23.0
18.7
15.5
16.2
18.2
18.3
17.8
16.0
18.7
19.0
18.2
16.0
17.8
17.5
16.5
17.1
15.5
15.8
15.8
16.0
14.9
15.6
15.8
14.5
13.9
14.0
14.0
12.6
11.1
12.0
12.5
12.2
12.2
12.6
13.0
12.7
13.0
13.3
13.0
13.5
13.5
13.2
13.3
13.6
13.1
13.5
13.5
13.5
13.2
13.6
13.8
14.1
14.1
14.2
13.9
13.5
12.9
13.2
13.3
13.2
13.2
13.1
12.0
12.3
12.4
12.2
12.3
1943
1944
26.2
35.2
19.6
15.2
12.1
13.5
16.1
16.5
16.1
14.3
17.4
17.9
17.1
14.8
16.8
16.6
15.6
16.2
14.6
14.9
15.0
15.2
14.1
14.9
15.1
13.8
13.2
13.3
13.3
12.0
10.4
11.3
12.0
11.6
11.6
12.0
12.5
12.2
12.5
12.8
12.6
13.0
13.1
12.8
12.9
13.2
12.7
13.1
13.1
13.1
12.9
13.3
13.4
13.7
13.8
13.9
13.6
13.2
12.6
12.9
13.0
12.9
12.9
12.8
11.7
12.0
12.1
11.9
12.0
1944
$100
1945
44.8
16.4
11.8
8.9
11.1
14.5
15.2
14.9
13.1
16.5
17.1
16.4
13.9
16.1
16.0
14.9
15.6
14.0
14.4
14.5
14.7
13.6
14.4
14.7
13.3
12.7
12.9
12.9
11.5
10.0
10.9
11.5
11.2
11.2
11.7
12.2
11.8
12.1
12.5
12.3
12.7
12.8
12.5
12.6
12.9
12.4
12.9
12.9
12.9
12.6
13.0
13.2
13.5
13.5
13.7
13.4
13.0
12.3
12.7
12.7
12.7
12.7
12.6
11.5
11.8
11.9
11.7
11.8
1945
1946
-6.5
-1.8
-1.0
4.0
9.3
10.9
11.2
9.6
13.8
14.7
14.1
11.7
14.2
14.1
13.2
14.0
12.4
12.9
13.1
13.4
12.3
13.2
13.5
12.2
11.6
11.8
11.9
10.5
8.9
9.9
10.6
10.3
10.3
10.8
11.4
11.0
11.4
11.8
11.5
12.0
12.1
11.8
12.0
12.3
11.8
12.2
12.3
12.3
12.0
12.5
12.6
13.0
13.0
13.2
12.9
12.5
11.8
12.2
12.3
12.2
12.2
12.1
11.1
11.4
11.5
11.3
11.4
1946
$10
1947
3.1
1.9
7.7
13.6
14.7
14.4
12.1
16.6
17.3
16.4
13.5
16.1
15.9
14.7
15.5
13.7
14.1
14.3
14.5
13.3
14.3
14.5
13.0
12.4
12.6
12.6
11.1
9.5
10.5
11.2
10.9
10.9
11.4
11.9
11.6
11.9
12.3
12.0
12.5
12.6
12.3
12.5
12.8
12.2
12.7
12.7
12.7
12.5
12.9
13.0
13.4
13.4
13.6
13.3
12.9
12.2
12.6
12.6
12.5
12.6
12.4
11.4
11.7
11.8
11.6
11.7
1947
1948
0.7
10.1
17.4
17.8
16.8
13.7
18.7
19.2
17.9
14.6
17.4
17.0
15.7
16.5
14.5
14.8
15.0
15.2
13.9
14.8
15.1
13.5
12.9
13.0
13.0
11.5
9.8
10.8
11.5
11.2
11.2
11.6
12.2
11.8
12.2
12.6
12.3
12.8
12.8
12.5
12.7
13.0
12.4
12.9
12.9
13.0
12.7
13.1
13.3
13.6
13.7
13.8
13.5
13.1
12.4
12.8
12.8
12.7
12.8
12.6
11.5
11.8
12.0
11.7
11.8
1948
$1
1949
20.4
26.7
24.2
21.2
16.5
21.9
22.1
20.3
16.3
19.2
18.6
17.0
17.8
15.5
15.9
15.9
16.1
14.6
15.6
15.9
14.2
13.5
13.6
13.6
11.9
10.1
11.2
11.9
11.6
11.5
12.0
12.6
12.2
12.5
12.9
12.6
13.1
13.2
12.8
13.0
13.3
12.7
13.2
13.2
13.3
12.9
13.4
13.5
13.9
13.9
14.1
13.7
13.3
12.6
13.0
13.0
12.9
13.0
12.8
11.7
12.0
12.1
11.9
12.0
1949
1950
33.3
26.1
21.5
15.6
22.3
22.4
20.3
15.8
19.1
18.5
16.7
17.6
15.2
15.5
15.6
15.9
14.3
15.4
15.6
13.9
13.1
13.3
13.3
11.6
9.7
10.9
11.6
11.3
11.2
11.7
12.3
12.0
12.3
12.7
12.4
12.9
13.0
12.6
12.8
13.2
12.5
13.1
13.1
13.1
12.8
13.2
13.4
13.7
13.8
14.0
13.6
13.2
12.5
12.9
12.9
12.8
12.9
12.7
11.6
11.9
12.0
11.8
11.9
1950
1951
19.3
16.0
10.2
19.6
20.3
18.2
13.4
17.4
16.9
15.2
16.2
13.8
14.3
14.5
14.8
13.2
14.4
14.7
12.9
12.2
12.4
12.5
10.7
8.8
10.0
10.9
10.5
10.5
11.1
11.7
11.3
11.7
12.1
11.9
12.4
12.5
12.1
12.3
12.7
12.1
12.6
12.6
12.7
12.4
12.8
13.0
13.4
13.4
13.6
13.2
12.8
12.1
12.5
12.5
12.5
12.5
12.4
11.2
11.6
11.7
11.5
11.6
1951
$0
1928
1952
12.9
5.9
19.7
20.6
18.0
12.5
17.1
16.6
14.7
15.9
13.3
13.9
14.1
14.5
12.8
14.1
14.5
12.6
11.8
12.1
12.1
10.3
8.4
9.7
10.5
10.2
10.2
10.8
11.4
11.1
11.5
11.9
11.6
12.2
12.3
11.9
12.2
12.5
11.9
12.4
12.5
12.5
12.2
12.7
12.9
13.2
13.3
13.5
13.1
12.7
12.0
12.4
12.4
12.3
12.4
12.2
11.1
11.4
11.6
11.4
11.4
1952
D I M E N S I O N A L F U N D A D VI S O R S
1953
-0.6
23.3
23.2
19.4
12.4
17.8
17.2
14.9
16.3
13.3
14.0
14.2
14.6
12.8
14.2
14.6
12.6
11.8
12.0
12.1
10.2
8.2
9.5
10.4
10.1
10.1
10.7
11.4
11.0
11.4
11.9
11.6
12.2
12.3
11.9
12.1
12.5
11.9
12.4
12.5
12.5
12.2
12.7
12.9
13.2
13.3
13.5
13.1
12.7
11.9
12.4
12.4
12.3
12.4
12.2
11.1
11.4
11.5
11.3
11.4
1953
2012
Index data compiled by Dimensional.
1954
53.1
37.3
26.9
15.9
21.9
20.4
17.4
18.6
15.0
15.5
15.7
16.0
13.9
15.3
15.6
13.4
12.6
12.8
12.8
10.8
8.7
10.0
10.9
10.5
10.6
11.2
11.9
11.4
11.9
12.3
12.0
12.6
12.7
12.3
12.5
12.9
12.2
12.8
12.8
12.8
12.5
13.0
13.2
13.6
13.6
13.8
13.4
13.0
12.2
12.6
12.7
12.6
12.7
12.5
11.3
11.6
11.8
11.5
11.6
1954
1955
23.1
15.5
5.7
15.2
14.8
12.3
14.3
10.9
12.0
12.5
13.1
11.2
12.9
13.3
11.2
10.4
10.8
10.9
8.9
6.8
8.3
9.3
9.0
9.1
9.8
10.5
10.1
10.6
11.1
10.9
11.5
11.6
11.3
11.5
11.9
11.3
11.9
11.9
12.0
11.6
12.2
12.4
12.8
12.9
13.1
12.7
12.3
11.5
11.9
12.0
11.9
12.0
11.8
10.6
11.0
11.1
10.9
11.0
1955
1956
8.4
-2.1
12.7
12.8
10.2
13.0
9.3
10.7
11.3
12.1
10.1
12.0
12.6
10.4
9.6
10.1
10.3
8.2
6.0
7.6
8.7
8.4
8.5
9.2
10.1
9.7
10.2
10.7
10.5
11.1
11.3
10.9
11.2
11.6
10.9
11.6
11.6
11.7
11.4
11.9
12.1
12.6
12.6
12.9
12.5
12.0
11.2
11.7
11.8
11.7
11.8
11.6
10.4
10.8
10.9
10.7
10.8
1956
1957
-11.5
14.9
14.3
10.7
13.9
9.4
11.0
11.7
12.5
10.3
12.4
13.0
10.6
9.7
10.2
10.4
8.2
5.9
7.6
8.7
8.4
8.5
9.3
10.1
9.7
10.2
10.8
10.5
11.2
11.4
11.0
11.3
11.7
11.0
11.7
11.7
11.8
11.5
12.0
12.2
12.7
12.8
13.0
12.6
12.1
11.3
11.8
11.9
11.8
11.9
11.7
10.4
10.8
11.0
10.8
10.9
1957
1958
49.1
29.9
19.3
21.3
14.2
15.3
15.5
16.0
13.0
15.1
15.5
12.6
11.5
11.9
12.0
9.6
7.0
8.7
9.9
9.5
9.6
10.3
11.2
10.7
11.2
11.8
11.5
12.1
12.2
11.8
12.1
12.5
11.8
12.4
12.5
12.5
12.1
12.7
12.9
13.3
13.4
13.6
13.2
12.7
11.9
12.4
12.4
12.3
12.4
12.2
10.9
11.3
11.5
11.2
11.3
1958
1959
13.3
6.7
13.3
6.8
9.5
10.7
11.9
9.2
11.8
12.6
9.8
8.9
9.5
9.7
7.3
4.8
6.7
8.1
7.7
7.9
8.8
9.7
9.3
9.9
10.5
10.2
11.0
11.1
10.7
11.0
11.5
10.8
11.5
11.5
11.6
11.3
11.9
12.1
12.6
12.6
12.9
12.4
12.0
11.2
11.7
11.7
11.6
11.7
11.6
10.3
10.7
10.8
10.6
10.7
1959
1960
0.5
13.3
4.8
8.6
10.2
11.7
8.6
11.7
12.6
9.4
8.5
9.2
9.5
6.9
4.3
6.4
7.8
7.4
7.6
8.5
9.5
9.1
9.7
10.4
10.1
10.9
11.0
10.6
11.0
11.4
10.7
11.4
11.5
11.6
11.2
11.8
12.1
12.5
12.6
12.9
12.4
12.0
11.1
11.6
11.7
11.6
11.7
11.5
10.2
10.6
10.8
10.6
10.7
1960
1961
27.6
7.0
11.4
12.8
14.0
10.0
13.3
14.2
10.5
9.3
10.0
10.3
7.4
4.5
6.8
8.3
7.9
8.0
9.0
10.0
9.5
10.2
10.8
10.5
11.3
11.5
11.0
11.4
11.8
11.1
11.8
11.9
11.9
11.5
12.2
12.4
12.9
13.0
13.2
12.7
12.3
11.4
11.9
12.0
11.9
12.0
11.8
10.4
10.8
11.0
10.8
10.9
1961
1962
-10.3
4.1
8.2
10.9
6.8
11.1
12.4
8.5
7.5
8.4
8.8
5.9
2.9
5.4
7.1
6.7
7.0
8.0
9.2
8.7
9.4
10.1
9.8
10.7
10.9
10.4
10.8
11.3
10.5
11.3
11.4
11.5
11.1
11.7
12.0
12.5
12.6
12.8
12.4
11.9
11.0
11.5
11.6
11.5
11.6
11.4
10.1
10.5
10.7
10.5
10.6
1962
1963
20.7
18.8
19.0
11.6
16.0
16.7
11.5
9.9
10.7
10.9
7.5
4.1
6.7
8.4
8.0
8.1
9.2
10.4
9.8
10.5
11.2
10.8
11.7
11.8
11.4
11.7
12.2
11.4
12.1
12.2
12.2
11.8
12.5
12.7
13.2
13.3
13.5
13.1
12.5
11.6
12.1
12.2
12.1
12.2
12.0
10.6
11.0
11.2
10.9
11.0
1963
1964
17.0
18.1
8.7
14.8
15.9
10.0
8.5
9.5
9.9
6.3
2.7
5.6
7.5
7.1
7.4
8.5
9.8
9.2
10.0
10.8
10.4
11.3
11.5
11.0
11.4
11.9
11.0
11.8
11.9
12.0
11.6
12.2
12.5
13.0
13.1
13.4
12.9
12.3
11.4
11.9
12.0
11.9
12.0
11.8
10.4
10.8
11.0
10.7
10.9
1964
1965
19.3
4.8
14.1
15.6
8.7
7.1
8.4
9.0
5.1
1.4
4.6
6.8
6.4
6.7
8.0
9.3
8.8
9.6
10.4
10.1
11.0
11.2
10.7
11.1
11.7
10.8
11.7
11.7
11.8
11.4
12.1
12.4
12.9
13.0
13.3
12.7
12.2
11.2
11.8
11.9
11.8
11.9
11.7
10.2
10.7
10.9
10.6
10.7
1965
1966
-7.9
11.6
14.4
6.2
4.8
6.7
7.6
3.5
-0.4
3.3
5.7
5.4
5.8
7.2
8.7
8.2
9.0
10.0
9.6
10.6
10.9
10.4
10.8
11.4
10.5
11.4
11.4
11.5
11.1
11.8
12.1
12.7
12.8
13.1
12.6
12.0
11.0
11.6
11.7
11.6
11.7
11.5
10.0
10.5
10.7
10.4
10.6
1966
1967
35.3
27.4
11.4
8.2
9.9
10.5
5.2
0.6
4.6
7.2
6.7
7.0
8.5
10.0
9.3
10.2
11.1
10.7
11.7
11.9
11.3
11.7
12.3
11.3
12.2
12.3
12.3
11.9
12.6
12.9
13.4
13.5
13.8
13.2
12.7
11.6
12.2
12.3
12.1
12.2
12.0
10.5
10.9
11.1
10.9
11.0
1967
1968
20.0
1.0
0.5
4.3
6.1
0.9
-3.6
1.3
4.4
4.2
4.8
6.5
8.3
7.7
8.7
9.8
9.4
10.5
10.8
10.2
10.7
11.4
10.4
11.4
11.4
11.5
11.1
11.9
12.2
12.8
12.9
13.2
12.6
12.0
11.0
11.6
11.7
11.6
11.7
11.5
9.9
10.4
10.6
10.4
10.5
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1969
-14.9
-8.1
-0.4
2.9
-2.5
-7.0
-1.1
2.6
2.6
3.3
5.3
7.3
6.8
7.9
9.1
8.7
10.0
10.3
9.7
10.3
11.0
9.9
11.0
11.1
11.2
10.7
11.6
11.9
12.5
12.7
13.0
12.4
11.8
10.7
11.4
11.5
11.4
11.5
11.3
9.7
10.2
10.4
10.1
10.3
1969
1970
-0.6
7.7
9.6
0.8
-5.4
1.4
5.4
5.0
5.6
7.6
9.6
8.8
9.9
11.1
10.5
11.8
12.0
11.3
11.8
12.5
11.3
12.3
12.4
12.5
11.9
12.7
13.1
13.7
13.8
14.0
13.4
12.8
11.6
12.3
12.3
12.2
12.3
12.1
10.4
10.9
11.1
10.8
11.0
1970
1971
16.8
15.1
1.3
-6.5
1.8
6.5
5.8
6.4
8.6
10.7
9.7
10.9
12.0
11.4
12.6
12.8
12.0
12.5
13.2
11.9
13.0
13.0
13.1
12.5
13.3
13.6
14.2
14.3
14.6
13.9
13.2
12.0
12.7
12.7
12.6
12.7
12.4
10.7
11.2
11.4
11.1
11.3
1971
1972
13.4
-5.6
-13.2
-1.6
4.5
4.1
5.0
7.6
10.0
9.1
10.3
11.6
11.0
12.4
12.6
11.8
12.3
13.0
11.7
12.8
12.8
12.9
12.3
13.2
13.5
14.1
14.2
14.5
13.8
13.1
11.9
12.6
12.6
12.5
12.6
12.3
10.6
11.1
11.3
11.0
11.1
1972
1973
-21.4
-24.1
-6.2
2.4
2.3
3.7
6.8
9.6
8.6
10.0
11.5
10.8
12.3
12.5
11.7
12.2
13.0
11.6
12.8
12.8
12.9
12.2
13.2
13.5
14.2
14.2
14.5
13.8
13.1
11.8
12.5
12.6
12.4
12.6
12.3
10.5
11.0
11.2
10.9
11.1
1973
1974
-26.6
2.5
11.9
9.3
9.6
12.4
15.0
13.1
14.2
15.4
14.3
15.7
15.6
14.5
14.9
15.6
13.9
15.1
15.0
14.9
14.2
15.1
15.3
15.9
16.0
16.2
15.4
14.6
13.2
13.9
13.9
13.7
13.8
13.5
11.6
12.1
12.3
11.9
12.1
1974
1975
43.1
38.2
24.8
21.1
22.4
23.9
20.3
20.7
21.4
19.5
20.5
20.1
18.5
18.6
19.1
17.1
18.2
17.9
17.7
16.7
17.5
17.7
18.3
18.2
18.4
17.4
16.5
15.0
15.6
15.6
15.3
15.4
15.0
12.9
13.4
13.6
13.2
13.3
1975
1976
33.4
16.5
14.6
17.7
20.4
16.8
17.8
18.9
17.1
18.5
18.2
16.6
16.9
17.6
15.5
16.7
16.6
16.4
15.5
16.4
16.6
17.3
17.2
17.4
16.5
15.6
14.0
14.8
14.8
14.5
14.6
14.2
12.1
12.7
12.9
12.5
12.6
1976
1977
1.8
6.1
12.9
17.3
13.8
15.4
17.0
15.2
16.9
16.8
15.2
15.6
16.4
14.3
15.7
15.6
15.5
14.5
15.6
15.8
16.5
16.5
16.8
15.8
14.9
13.3
14.1
14.1
13.9
14.0
13.6
11.5
12.1
12.3
11.9
12.1
1977
1978
10.7
18.9
23.0
17.0
18.3
19.7
17.3
19.0
18.6
16.6
17.0
17.7
15.4
16.8
16.6
16.4
15.3
16.4
16.6
17.3
17.3
17.5
16.5
15.5
13.8
14.6
14.6
14.4
14.4
14.0
11.9
12.4
12.7
12.3
12.4
1978
1979
27.7
29.7
19.2
20.3
21.6
18.4
20.2
19.6
17.3
17.6
18.4
15.8
17.3
17.0
16.8
15.6
16.7
17.0
17.7
17.6
17.8
16.8
15.7
14.0
14.8
14.8
14.5
14.6
14.2
11.9
12.5
12.7
12.3
12.4
1979
1980
31.7
15.1
18.0
20.2
16.6
19.0
18.5
16.1
16.6
17.5
14.7
16.4
16.2
16.0
14.9
16.1
16.4
17.2
17.1
17.4
16.3
15.2
13.4
14.3
14.3
14.0
14.1
13.7
11.4
12.0
12.3
11.8
12.0
1980
1981
0.6
11.6
16.5
13.1
16.6
16.4
14.0
14.8
16.0
13.2
15.1
15.0
14.9
13.8
15.1
15.5
16.3
16.4
16.7
15.5
14.5
12.6
13.6
13.6
13.4
13.5
13.1
10.7
11.4
11.7
11.3
11.4
1981
1982
23.9
25.4
17.6
21.0
19.9
16.4
17.0
18.1
14.7
16.7
16.4
16.2
14.8
16.2
16.5
17.4
17.4
17.6
16.4
15.2
13.2
14.2
14.2
13.9
14.0
13.6
11.1
11.8
12.1
11.6
11.8
1982
1983
27.0
14.6
20.1
18.9
15.0
15.9
17.3
13.6
15.9
15.7
15.5
14.1
15.6
16.0
17.0
17.0
17.3
16.0
14.8
12.7
13.8
13.8
13.5
13.6
13.2
10.6
11.4
11.7
11.2
11.4
1983
1984
3.4
16.8
16.3
12.2
13.8
15.8
11.8
14.6
14.5
14.4
13.0
14.7
15.2
16.3
16.3
16.7
15.4
14.1
12.0
13.1
13.2
12.9
13.1
12.7
10.0
10.8
11.2
10.7
10.9
1984
1985
31.9
23.4
15.2
16.5
18.4
13.2
16.3
15.9
15.7
14.0
15.8
16.3
17.4
17.3
17.6
16.2
14.8
12.5
13.7
13.7
13.4
13.5
13.1
10.3
11.1
11.5
11.0
11.2
1985
1986
15.5
7.7
11.8
15.3
9.8
13.9
13.8
13.9
12.2
14.3
14.9
16.2
16.3
16.7
15.2
13.8
11.5
12.7
12.8
12.6
12.7
12.3
9.5
10.3
10.7
10.3
10.5
1986
1987
0.5
10.1
15.3
8.4
13.6
13.6
13.6
11.8
14.2
14.9
16.3
16.3
16.8
15.2
13.7
11.2
12.6
12.7
12.4
12.6
12.2
9.2
10.1
10.5
10.1
10.3
1987
1988
20.6
23.5
11.3
17.1
16.4
16.0
13.5
16.1
16.6
18.0
17.9
18.2
16.4
14.7
12.0
13.4
13.5
13.1
13.3
12.8
9.6
10.6
11.0
10.5
10.7
1988
1989
26.4
6.9
16.0
15.3
15.1
12.4
15.4
16.1
17.7
17.6
18.0
16.0
14.2
11.4
12.9
13.0
12.7
12.9
12.4
9.1
10.1
10.6
10.1
10.3
1989
1990
-9.7
11.1
11.9
12.4
9.8
13.7
14.7
16.7
16.7
17.2
15.1
13.3
10.3
12.0
12.2
11.9
12.1
11.6
8.3
9.4
9.9
9.4
9.7
1990
1991
36.6
24.5
20.9
15.3
19.0
19.4
21.0
20.5
20.7
18.0
15.6
12.2
13.9
13.9
13.5
13.7
13.0
9.4
10.5
10.9
10.4
10.7
1991
1992
13.5
13.7
8.9
15.0
16.2
18.6
18.3
18.8
16.1
13.7
10.2
12.2
12.4
12.0
12.3
11.7
8.0
9.2
9.7
9.2
9.6
1992
1993
14.0
6.7
15.5
16.9
19.7
19.1
19.6
16.4
13.8
9.8
12.0
12.3
11.9
12.2
11.6
7.6
8.9
9.5
9.0
9.4
1993
MATR IX BOOK 2013
1994
-0.2
16.3
17.9
21.1
20.2
20.5
16.7
13.7
9.4
11.8
12.1
11.7
12.0
11.4
7.2
8.6
9.3
8.7
9.1
1994
1995
35.4
28.2
29.2
25.9
25.2
19.8
15.9
10.7
13.3
13.4
12.8
13.1
12.4
7.8
9.2
9.9
9.2
9.7
1995
1996
21.3
26.2
22.9
22.7
16.9
12.9
7.5
10.8
11.2
10.8
11.3
10.6
5.9
7.6
8.4
7.8
8.3
1996
1997
31.2
23.7
23.2
15.8
11.3
5.4
9.3
10.0
9.7
10.3
9.7
4.7
6.6
7.5
6.9
7.5
1997
1998
16.5
19.4
11.1
6.8
0.8
6.1
7.3
7.3
8.2
7.8
2.6
4.7
5.9
5.4
6.1
1998
1999
22.2
8.5
3.7
-2.8
4.1
5.8
6.0
7.2
6.8
1.3
3.7
5.0
4.6
5.4
1999
2000
-3.7
-4.4
-9.9
0.0
2.8
3.5
5.2
5.0
-0.8
2.0
3.6
3.2
4.2
2000
2001
-5.2 2002
-12.8 -19.9 2003
1.2 4.6 36.6 2004
4.4 7.9 25.1 14.7 2005
5.0 7.7 18.9 11.0 7.4 2006
6.8 9.4 18.2 12.7 11.7 16.2 2007
6.4 8.4 15.2 10.4 9.0 9.8 3.7 2008
-0.5 0.2 4.0 -1.5 -5.2 -9.0 -19.5 -37.5 2009
2.7 3.7 7.6 3.5 1.3 -0.1 -5.0 -9.1 32.2 2010
4.3 5.5 9.1 5.7 4.3 3.7 0.8 -0.2 26.1 20.4 2011
3.9 4.8 8.0 4.9 3.5 2.9 0.4 -0.3 16.4 9.3 -0.8 2012
4.9 5.9 8.9 6.2 5.1 4.8 3.0 2.9 16.6 11.8 7.8 17.1
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
15

10. 1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
16
1928
35.5
6.9
-8.7
-21.4
-18.8
-6.9
-5.2
0.1
3.9
-1.4
1.1
0.9
0.4
-0.2
1.1
3.0
4.4
6.4
5.7
5.6
5.3
5.9
7.1
7.5
7.7
7.3
8.8
9.3
9.3
8.4
9.6
9.7
9.4
9.9
9.3
9.6
9.8
10.1
9.6
10.3
10.6
9.8
9.6
9.7
9.7
8.9
8.1
8.8
9.3
9.2
9.3
9.6
10.0
9.9
10.1
10.4
10.3
10.6
10.7
10.5
10.7
10.9
10.5
10.9
10.9
11.0
10.8
11.2
11.3
11.6
11.6
11.7
11.5
11.4
10.9
11.2
11.3
11.3
11.3
11.2
10.4
10.7
10.8
10.6
10.7
1928
1929
-15.7
-25.1
-34.4
-28.5
-13.6
-10.7
-4.1
0.5
-4.8
-1.8
-1.8
-2.1
-2.5
-1.0
1.1
2.7
4.9
4.2
4.2
4.0
4.6
5.9
6.5
6.7
6.3
7.9
8.4
8.4
7.6
8.8
9.0
8.7
9.2
8.6
8.9
9.2
9.5
9.0
9.7
10.0
9.3
9.0
9.2
9.2
8.4
7.5
8.2
8.8
8.7
8.8
9.2
9.6
9.4
9.7
10.0
9.9
10.3
10.3
10.1
10.3
10.6
10.1
10.5
10.6
10.7
10.5
10.8
11.0
11.3
11.2
11.4
11.2
11.1
10.6
10.9
11.0
11.0
11.1
10.9
10.1
10.4
10.5
10.3
10.4
1929
1930
-33.5
-42.2
-32.4
-13.1
-9.7
-2.0
3.0
-3.3
-0.1
-0.2
-0.8
-1.3
0.2
2.5
4.0
6.4
5.6
5.4
5.1
5.8
7.1
7.6
7.8
7.4
9.0
9.5
9.4
8.5
9.8
9.9
9.6
10.1
9.4
9.8
10.0
10.3
9.8
10.5
10.8
10.0
9.7
9.9
9.9
9.0
8.1
8.8
9.4
9.3
9.4
9.7
10.1
10.0
10.2
10.6
10.4
10.8
10.9
10.6
10.8
11.1
10.6
11.0
11.1
11.2
11.0
11.3
11.4
11.7
11.7
11.8
11.7
11.5
11.0
11.4
11.4
11.4
11.5
11.3
10.5
10.7
10.9
10.7
10.8
1930
1931
-49.8
-31.8
-5.0
-2.5
5.9
10.8
1.9
5.1
4.4
3.3
2.3
3.7
5.9
7.4
9.7
8.6
8.3
7.8
8.4
9.7
10.1
10.2
9.6
11.2
11.7
11.5
10.5
11.8
11.8
11.4
11.9
11.1
11.4
11.6
11.9
11.3
12.0
12.3
11.4
11.1
11.2
11.2
10.3
9.3
10.0
10.6
10.5
10.5
10.9
11.3
11.1
11.3
11.6
11.5
11.8
11.9
11.6
11.8
12.0
11.6
11.9
12.0
12.1
11.9
12.2
12.3
12.6
12.5
12.7
12.5
12.3
11.8
12.1
12.2
12.1
12.2
12.1
11.2
11.5
11.6
11.4
11.5
1931
1932
-7.4
30.6
21.6
27.6
29.8
14.7
16.8
14.3
11.9
9.8
10.7
12.7
13.9
16.0
14.4
13.6
12.8
13.1
14.3
14.5
14.4
13.6
15.2
15.4
15.2
13.9
15.1
15.1
14.5
14.9
14.0
14.2
14.3
14.6
13.9
14.5
14.8
13.7
13.4
13.4
13.4
12.4
11.3
12.0
12.6
12.4
12.4
12.7
13.1
12.9
13.1
13.4
13.2
13.5
13.5
13.2
13.4
13.6
13.1
13.4
13.5
13.5
13.3
13.6
13.7
14.0
13.9
14.0
13.8
13.6
13.1
13.4
13.4
13.4
13.4
13.3
12.4
12.6
12.7
12.5
12.6
1932
1933
84.3
39.4
42.0
41.3
19.7
21.4
17.8
14.6
11.9
12.7
14.8
15.9
18.1
16.1
15.2
14.2
14.5
15.6
15.8
15.6
14.7
16.3
16.5
16.2
14.9
16.1
16.0
15.4
15.8
14.8
15.0
15.1
15.3
14.6
15.2
15.4
14.4
14.0
14.0
14.0
12.9
11.8
12.5
13.1
12.9
12.8
13.2
13.5
13.3
13.5
13.8
13.6
13.9
13.9
13.7
13.8
14.0
13.5
13.8
13.9
13.9
13.7
14.0
14.1
14.3
14.3
14.4
14.2
13.9
13.4
13.7
13.8
13.7
13.7
13.6
12.7
12.9
13.0
12.8
12.9
1933
Dimensional US Adjusted
Market 2 Index
1934
5.4
24.6
29.3
7.5
11.7
9.4
7.1
5.2
6.7
9.4
11.1
13.8
12.1
11.4
10.6
11.1
12.5
12.8
12.8
12.0
13.8
14.1
13.9
12.6
14.0
14.0
13.4
13.9
13.0
13.2
13.4
13.6
12.9
13.6
13.9
12.9
12.5
12.6
12.6
11.5
10.4
11.2
11.8
11.6
11.6
12.0
12.4
12.2
12.4
12.7
12.5
12.9
12.9
12.6
12.8
13.0
12.5
12.9
12.9
13.0
12.8
13.1
13.2
13.5
13.4
13.5
13.3
13.1
12.6
12.9
13.0
12.9
13.0
12.8
11.9
12.2
12.3
12.1
12.2
1934
1935
47.2
43.2
8.2
13.3
10.2
7.3
5.1
6.9
9.9
11.7
14.6
12.6
11.9
11.0
11.5
12.9
13.3
13.2
12.4
14.2
14.6
14.3
13.0
14.4
14.3
13.7
14.2
13.2
13.5
13.6
13.9
13.2
13.9
14.2
13.1
12.7
12.8
12.8
11.7
10.6
11.3
11.9
11.8
11.8
12.2
12.5
12.3
12.6
12.9
12.7
13.0
13.1
12.8
13.0
13.2
12.6
13.0
13.1
13.1
12.9
13.2
13.3
13.6
13.6
13.7
13.5
13.2
12.7
13.1
13.1
13.0
13.1
12.9
12.0
12.3
12.4
12.2
12.3
1935
1928–2012: Total Returns (%)
1936
39.3
-7.2
3.8
2.5
0.8
-0.6
2.1
6.0
8.3
11.7
9.9
9.4
8.6
9.3
11.0
11.4
11.5
10.7
12.7
13.1
12.9
11.6
13.1
13.1
12.6
13.1
12.2
12.5
12.6
12.9
12.2
13.0
13.3
12.2
11.8
12.0
11.9
10.9
9.8
10.6
11.2
11.0
11.1
11.5
11.9
11.7
11.9
12.3
12.1
12.4
12.5
12.2
12.4
12.6
12.1
12.5
12.5
12.6
12.4
12.7
12.9
13.1
13.1
13.2
13.0
12.8
12.3
12.6
12.7
12.6
12.7
12.5
11.6
11.9
12.0
11.8
11.9
1936
1937
-38.2
-10.4
-7.5
-7.1
-7.1
-3.0
1.9
4.9
9.0
7.4
7.0
6.4
7.3
9.2
9.8
9.9
9.2
11.4
11.9
11.8
10.4
12.1
12.1
11.6
12.2
11.2
11.6
11.8
12.1
11.4
12.2
12.6
11.5
11.1
11.3
11.3
10.2
9.1
9.9
10.6
10.4
10.5
10.9
11.3
11.1
11.4
11.7
11.6
11.9
12.0
11.7
11.9
12.2
11.7
12.0
12.1
12.2
12.0
12.3
12.5
12.7
12.7
12.8
12.6
12.4
11.9
12.3
12.3
12.3
12.3
12.2
11.2
11.5
11.7
11.5
11.5
1937
GROWTH OF $1
1938
30.0
13.2
6.5
2.9
6.1
10.8
13.2
17.0
14.2
13.0
11.7
12.4
14.1
14.4
14.3
13.2
15.3
15.7
15.3
13.7
15.3
15.2
14.5
15.0
13.9
14.1
14.3
14.5
13.7
14.5
14.8
13.6
13.1
13.2
13.2
12.0
10.8
11.6
12.2
12.0
12.0
12.4
12.8
12.6
12.9
13.2
13.0
13.3
13.4
13.1
13.2
13.4
12.9
13.3
13.3
13.4
13.1
13.5
13.6
13.9
13.8
13.9
13.7
13.5
12.9
13.3
13.3
13.2
13.3
13.1
12.2
12.4
12.6
12.3
12.4
1938
$100,000
1939
-1.4
-3.6
-4.8
0.9
7.3
10.6
15.3
12.3
11.3
10.1
10.9
12.8
13.3
13.2
12.1
14.5
14.9
14.5
12.9
14.6
14.5
13.8
14.4
13.2
13.5
13.7
14.0
13.2
14.0
14.3
13.1
12.6
12.7
12.7
11.5
10.3
11.1
11.8
11.6
11.6
12.0
12.5
12.2
12.5
12.8
12.6
13.0
13.0
12.7
12.9
13.1
12.6
13.0
13.0
13.1
12.9
13.2
13.4
13.6
13.6
13.7
13.5
13.2
12.7
13.0
13.1
13.0
13.1
12.9
11.9
12.2
12.3
12.1
12.2
1939
1940
-5.8
-6.5
1.7
9.6
13.2
18.3
14.4
13.0
11.4
12.2
14.2
14.6
14.4
13.2
15.6
16.0
15.5
13.7
15.5
15.4
14.6
15.2
13.9
14.2
14.4
14.6
13.7
14.6
14.9
13.6
13.1
13.2
13.1
11.9
10.6
11.5
12.2
12.0
12.0
12.4
12.8
12.6
12.8
13.2
13.0
13.3
13.4
13.1
13.2
13.5
12.9
13.3
13.3
13.4
13.1
13.5
13.6
13.9
13.9
14.0
13.7
13.5
12.9
13.3
13.3
13.3
13.3
13.1
12.1
12.4
12.5
12.3
12.4
1940
$5,659
$10,000
1941
-7.2
5.6
15.2
18.5
23.9
18.2
15.9
13.8
14.4
16.4
16.6
16.3
14.8
17.3
17.6
17.0
15.0
16.8
16.6
15.7
16.3
14.9
15.2
15.3
15.6
14.6
15.4
15.7
14.3
13.8
13.9
13.8
12.5
11.2
12.0
12.7
12.5
12.5
12.9
13.3
13.1
13.3
13.7
13.4
13.8
13.8
13.5
13.7
13.9
13.3
13.7
13.7
13.8
13.5
13.9
14.0
14.3
14.2
14.3
14.1
13.8
13.2
13.6
13.7
13.6
13.6
13.4
12.4
12.7
12.8
12.6
12.7
1941
1942
20.2
28.4
28.6
33.1
24.0
20.3
17.1
17.4
19.4
19.3
18.7
16.8
19.4
19.6
18.9
16.6
18.4
18.1
17.1
17.6
16.1
16.3
16.4
16.6
15.5
16.4
16.6
15.2
14.6
14.7
14.5
13.2
11.8
12.7
13.3
13.1
13.1
13.5
13.9
13.6
13.9
14.2
14.0
14.3
14.3
14.0
14.2
14.4
13.8
14.2
14.2
14.2
14.0
14.3
14.4
14.7
14.6
14.7
14.5
14.2
13.6
14.0
14.0
13.9
14.0
13.8
12.8
13.0
13.1
12.9
13.0
1942
$1,000
1943
37.0
32.9
37.7
25.0
20.3
16.6
17.0
19.3
19.2
18.5
16.5
19.4
19.6
18.8
16.3
18.3
18.0
16.9
17.5
15.9
16.1
16.2
16.5
15.3
16.2
16.5
15.0
14.4
14.5
14.4
13.0
11.5
12.4
13.1
12.9
12.9
13.3
13.8
13.5
13.7
14.1
13.8
14.2
14.2
13.9
14.0
14.3
13.6
14.0
14.1
14.1
13.8
14.2
14.3
14.6
14.5
14.6
14.4
14.1
13.5
13.9
13.9
13.8
13.9
13.7
12.6
12.9
13.0
12.8
12.9
1943
1944
28.9
38.1
21.2
16.5
12.9
14.0
17.0
17.2
16.6
14.6
17.9
18.2
17.5
15.0
17.1
16.9
15.8
16.5
14.9
15.2
15.3
15.6
14.5
15.4
15.7
14.2
13.7
13.7
13.7
12.2
10.8
11.7
12.5
12.3
12.3
12.7
13.2
12.9
13.2
13.6
13.3
13.7
13.7
13.4
13.6
13.8
13.2
13.6
13.7
13.7
13.4
13.8
13.9
14.2
14.2
14.3
14.0
13.8
13.1
13.5
13.6
13.5
13.6
13.4
12.3
12.6
12.7
12.5
12.6
1944
$100
1945
47.9
17.6
12.6
9.3
11.2
15.1
15.6
15.2
13.1
16.8
17.3
16.6
14.0
16.3
16.1
15.0
15.8
14.1
14.5
14.6
15.0
13.9
14.9
15.2
13.7
13.1
13.2
13.1
11.7
10.2
11.2
12.0
11.8
11.8
12.3
12.8
12.5
12.8
13.2
12.9
13.4
13.4
13.0
13.2
13.5
12.9
13.3
13.4
13.4
13.1
13.5
13.7
14.0
13.9
14.0
13.8
13.5
12.9
13.3
13.3
13.3
13.3
13.1
12.1
12.4
12.5
12.3
12.3
1945
1946
-6.5
-1.8
-1.2
3.5
9.5
10.9
11.1
9.4
13.8
14.6
14.1
11.5
14.2
14.1
13.1
14.0
12.4
12.9
13.1
13.6
12.5
13.5
14.0
12.4
11.9
12.1
12.0
10.6
9.1
10.2
11.0
10.8
10.9
11.4
11.9
11.6
12.0
12.4
12.2
12.6
12.7
12.3
12.5
12.8
12.2
12.6
12.7
12.8
12.5
12.9
13.1
13.4
13.4
13.5
13.2
13.0
12.3
12.8
12.8
12.8
12.8
12.6
11.6
11.9
12.0
11.8
11.9
1946
$10
1947
3.2
1.5
7.1
13.9
14.8
14.4
11.9
16.6
17.2
16.3
13.3
16.1
15.9
14.7
15.5
13.7
14.1
14.3
14.7
13.5
14.6
15.0
13.3
12.7
12.9
12.8
11.3
9.7
10.8
11.7
11.4
11.4
12.0
12.5
12.2
12.5
13.0
12.7
13.1
13.2
12.8
13.0
13.3
12.7
13.1
13.2
13.3
13.0
13.4
13.5
13.8
13.8
13.9
13.7
13.4
12.7
13.2
13.2
13.1
13.2
13.0
11.9
12.2
12.3
12.1
12.2
1947
1948
-0.2
9.1
17.6
17.9
16.8
13.4
18.7
19.1
17.9
14.4
17.4
17.0
15.6
16.5
14.4
14.8
15.0
15.4
14.1
15.2
15.6
13.8
13.2
13.3
13.2
11.6
10.0
11.1
12.0
11.7
11.7
12.3
12.8
12.5
12.8
13.2
13.0
13.4
13.4
13.1
13.3
13.6
12.9
13.4
13.4
13.5
13.2
13.6
13.7
14.1
14.0
14.1
13.9
13.6
12.9
13.3
13.4
13.3
13.4
13.2
12.0
12.3
12.5
12.2
12.3
1948
$1
1949
19.2
27.7
24.6
21.4
16.4
22.1
22.1
20.4
16.1
19.3
18.7
17.0
17.8
15.6
15.9
16.0
16.4
14.9
16.1
16.4
14.5
13.8
13.9
13.8
12.1
10.4
11.5
12.4
12.1
12.1
12.7
13.2
12.9
13.2
13.7
13.4
13.8
13.8
13.4
13.7
13.9
13.2
13.7
13.7
13.8
13.5
13.9
14.1
14.4
14.3
14.4
14.1
13.9
13.2
13.6
13.6
13.5
13.6
13.4
12.3
12.6
12.7
12.5
12.5
1949
1950
36.7
27.3
22.2
15.6
22.7
22.6
20.5
15.7
19.3
18.7
16.8
17.7
15.3
15.7
15.8
16.2
14.7
15.9
16.3
14.3
13.6
13.7
13.6
11.8
10.0
11.2
12.2
11.9
11.9
12.5
13.0
12.7
13.0
13.5
13.2
13.7
13.7
13.3
13.5
13.8
13.1
13.6
13.6
13.7
13.4
13.8
13.9
14.3
14.2
14.3
14.0
13.8
13.0
13.5
13.5
13.4
13.5
13.3
12.1
12.5
12.6
12.3
12.4
1950
1951
18.6
15.5
9.4
19.5
20.0
18.0
13.0
17.3
16.8
15.0
16.1
13.7
14.2
14.5
15.0
13.4
14.8
15.3
13.2
12.5
12.7
12.6
10.8
9.0
10.3
11.3
11.1
11.1
11.7
12.3
12.0
12.4
12.9
12.6
13.1
13.1
12.7
13.0
13.2
12.5
13.0
13.1
13.2
12.9
13.3
13.5
13.8
13.8
13.9
13.6
13.3
12.6
13.1
13.2
13.1
13.1
12.9
11.8
12.1
12.2
12.0
12.1
1951
$0
1928
1952
12.5
5.0
19.8
20.3
17.9
12.1
17.1
16.6
14.6
15.9
13.2
13.8
14.1
14.7
13.1
14.5
15.1
12.9
12.2
12.4
12.3
10.5
8.6
10.0
11.0
10.8
10.8
11.5
12.1
11.8
12.2
12.7
12.4
12.9
13.0
12.6
12.8
13.1
12.4
12.9
13.0
13.1
12.7
13.2
13.4
13.7
13.7
13.8
13.5
13.2
12.5
13.0
13.1
13.0
13.0
12.8
11.6
12.0
12.1
11.9
12.0
1952
D I M E N S I O N A L F U N D A D VI S O R S
1953
-1.9
23.6
23.0
19.3
12.0
17.9
17.2
14.9
16.3
13.3
14.0
14.3
14.9
13.1
14.7
15.2
13.0
12.2
12.4
12.3
10.4
8.5
9.9
11.0
10.7
10.8
11.4
12.1
11.8
12.2
12.7
12.4
12.9
13.0
12.6
12.8
13.1
12.4
12.9
13.0
13.1
12.8
13.2
13.4
13.8
13.7
13.8
13.6
13.3
12.5
13.0
13.1
13.0
13.1
12.8
11.6
12.0
12.1
11.9
12.0
1953
2012
Index data compiled by Dimensional.
1954
55.8
37.8
27.4
15.8
22.3
20.7
17.5
18.8
15.1
15.7
15.9
16.4
14.4
16.0
16.5
14.0
13.1
13.3
13.1
11.0
9.0
10.5
11.6
11.3
11.3
12.0
12.7
12.3
12.7
13.2
12.9
13.4
13.5
13.0
13.3
13.6
12.8
13.3
13.4
13.5
13.1
13.6
13.8
14.1
14.1
14.2
13.9
13.6
12.8
13.3
13.4
13.3
13.4
13.1
11.9
12.2
12.4
12.1
12.2
1954
1955
21.9
15.2
4.9
15.1
14.7
12.1
14.3
10.9
11.9
12.5
13.4
11.5
13.4
14.1
11.6
10.8
11.1
11.1
9.1
7.1
8.7
9.9
9.7
9.8
10.5
11.3
10.9
11.4
12.0
11.7
12.3
12.3
11.9
12.2
12.6
11.8
12.4
12.5
12.6
12.2
12.7
12.9
13.3
13.3
13.4
13.1
12.8
12.1
12.6
12.7
12.6
12.7
12.4
11.2
11.6
11.7
11.5
11.6
1955
1956
8.9
-2.7
12.9
13.0
10.3
13.0
9.4
10.7
11.5
12.6
10.6
12.7
13.5
10.9
10.1
10.5
10.5
8.4
6.3
8.0
9.4
9.1
9.3
10.1
10.9
10.5
11.0
11.6
11.3
11.9
12.0
11.6
11.9
12.3
11.5
12.1
12.2
12.3
12.0
12.5
12.7
13.1
13.1
13.2
13.0
12.6
11.9
12.4
12.5
12.4
12.5
12.3
11.0
11.4
11.6
11.3
11.4
1956
1957
-13.0
15.0
14.4
10.6
13.9
9.4
11.0
11.8
13.0
10.7
13.0
13.9
11.1
10.2
10.6
10.6
8.4
6.2
8.0
9.4
9.1
9.3
10.1
10.9
10.6
11.1
11.7
11.4
12.1
12.1
11.7
12.0
12.4
11.6
12.2
12.3
12.4
12.1
12.6
12.8
13.2
13.2
13.3
13.0
12.7
11.9
12.5
12.6
12.5
12.6
12.3
11.1
11.4
11.6
11.3
11.5
1957
1958
52.1
31.2
19.8
21.8
14.6
15.6
15.9
16.7
13.7
16.0
16.7
13.4
12.3
12.5
12.4
9.9
7.4
9.3
10.7
10.4
10.5
11.3
12.1
11.7
12.2
12.8
12.4
13.1
13.1
12.7
13.0
13.3
12.4
13.1
13.1
13.2
12.9
13.4
13.6
14.0
13.9
14.0
13.7
13.4
12.6
13.1
13.2
13.1
13.2
12.9
11.6
12.0
12.1
11.9
12.0
1958
1959
13.2
6.4
13.1
6.8
9.4
10.8
12.4
9.7
12.6
13.7
10.4
9.4
10.0
10.0
7.5
5.1
7.2
8.8
8.5
8.7
9.7
10.6
10.2
10.8
11.5
11.1
11.8
11.9
11.5
11.8
12.2
11.4
12.0
12.2
12.3
11.9
12.5
12.7
13.1
13.1
13.3
13.0
12.6
11.8
12.4
12.5
12.4
12.5
12.2
10.9
11.3
11.5
11.2
11.3
1959
1960
0.0
13.1
4.7
8.5
10.3
12.3
9.2
12.5
13.7
10.1
9.1
9.7
9.8
7.1
4.6
6.8
8.5
8.3
8.5
9.5
10.4
10.1
10.7
11.4
11.1
11.8
11.9
11.4
11.8
12.2
11.3
12.0
12.1
12.3
11.9
12.5
12.7
13.1
13.1
13.3
13.0
12.6
11.8
12.4
12.4
12.3
12.4
12.2
10.8
11.2
11.4
11.2
11.3
1960
1961
28.0
7.1
11.5
13.1
14.9
10.8
14.4
15.6
11.3
10.1
10.6
10.7
7.7
4.9
7.3
9.1
8.8
9.0
10.0
11.0
10.6
11.2
11.9
11.6
12.3
12.4
11.9
12.2
12.6
11.7
12.4
12.5
12.7
12.3
12.8
13.1
13.5
13.4
13.6
13.3
12.9
12.1
12.7
12.7
12.6
12.7
12.5
11.1
11.5
11.7
11.4
11.5
1961
1962
-10.3
4.1
8.5
11.8
7.7
12.3
13.9
9.3
8.2
9.0
9.2
6.2
3.4
6.0
7.9
7.7
8.0
9.1
10.2
9.8
10.4
11.2
10.9
11.7
11.8
11.3
11.7
12.1
11.2
11.9
12.1
12.2
11.8
12.4
12.7
13.1
13.1
13.3
12.9
12.6
11.7
12.3
12.4
12.3
12.4
12.2
10.8
11.2
11.4
11.1
11.2
1962
1963
20.8
19.4
20.4
12.7
17.5
18.5
12.5
10.8
11.4
11.4
7.8
4.6
7.3
9.3
9.0
9.2
10.4
11.4
11.0
11.6
12.4
12.0
12.7
12.8
12.3
12.6
13.1
12.1
12.8
12.9
13.0
12.6
13.2
13.4
13.9
13.8
14.0
13.6
13.2
12.3
12.9
13.0
12.9
13.0
12.7
11.3
11.7
11.9
11.6
11.7
1963
1964
17.9
20.1
10.1
16.7
18.1
11.2
9.5
10.3
10.4
6.6
3.2
6.3
8.5
8.2
8.5
9.7
10.9
10.4
11.1
12.0
11.6
12.4
12.5
11.9
12.3
12.8
11.7
12.5
12.6
12.8
12.3
13.0
13.2
13.7
13.6
13.8
13.4
13.1
12.1
12.7
12.8
12.7
12.8
12.5
11.1
11.5
11.7
11.4
11.5
1964
1965
22.4
6.4
16.2
18.1
9.9
8.1
9.2
9.5
5.4
1.9
5.3
7.8
7.5
7.9
9.2
10.5
10.0
10.8
11.7
11.2
12.1
12.3
11.7
12.1
12.6
11.5
12.3
12.4
12.6
12.1
12.8
13.1
13.6
13.5
13.7
13.3
12.9
12.0
12.6
12.7
12.6
12.7
12.4
10.9
11.3
11.6
11.3
11.4
1965
1966
-7.5
13.3
16.8
6.9
5.5
7.2
7.7
3.4
-0.2
3.7
6.5
6.4
6.8
8.3
9.7
9.3
10.1
11.1
10.7
11.6
11.8
11.2
11.7
12.2
11.1
12.0
12.1
12.3
11.8
12.5
12.8
13.3
13.2
13.4
13.1
12.7
11.7
12.4
12.5
12.4
12.5
12.2
10.7
11.1
11.3
11.0
11.2
1966
1967
38.8
31.2
12.2
9.0
10.4
10.5
5.1
0.8
5.0
8.0
7.7
8.1
9.7
11.1
10.5
11.3
12.3
11.8
12.8
12.9
12.2
12.6
13.1
11.9
12.8
12.9
13.1
12.6
13.3
13.5
14.1
13.9
14.1
13.7
13.3
12.3
13.0
13.0
12.9
13.0
12.7
11.1
11.6
11.8
11.5
11.6
1967
1968
24.0
0.9
0.5
4.2
5.6
0.3
-3.8
1.4
5.1
5.0
5.7
7.5
9.2
8.7
9.7
10.9
10.4
11.5
11.6
11.0
11.5
12.1
10.9
11.8
12.0
12.2
11.7
12.5
12.7
13.3
13.2
13.4
13.1
12.6
11.6
12.3
12.4
12.3
12.4
12.1
10.5
11.0
11.2
10.9
11.1
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1969
-17.9
-9.5
-1.6
1.4
-3.8
-7.7
-1.4
2.9
3.1
4.0
6.1
8.0
7.6
8.7
10.0
9.6
10.8
11.0
10.4
10.9
11.5
10.3
11.3
11.5
11.7
11.2
12.1
12.4
13.0
12.9
13.1
12.7
12.3
11.3
12.0
12.1
12.0
12.1
11.9
10.2
10.7
11.0
10.6
10.8
1969
1970
-0.2
7.7
8.8
0.1
-5.6
1.6
6.3
6.1
6.8
8.9
10.8
10.1
11.1
12.3
11.7
12.9
13.0
12.2
12.7
13.3
11.9
12.9
13.0
13.2
12.6
13.4
13.7
14.3
14.1
14.3
13.9
13.4
12.3
13.0
13.1
13.0
13.1
12.8
11.0
11.5
11.8
11.4
11.6
1970
1971
16.2
13.7
0.2
-6.8
2.0
7.4
7.0
7.7
10.0
11.9
11.1
12.1
13.4
12.6
13.8
13.9
13.0
13.5
14.0
12.5
13.6
13.7
13.8
13.2
14.0
14.3
14.8
14.7
14.9
14.4
13.9
12.7
13.5
13.5
13.4
13.5
13.1
11.4
11.9
12.1
11.7
11.9
1971
1972
11.2
-7.0
-13.5
-1.3
5.7
5.6
6.5
9.2
11.5
10.6
11.8
13.1
12.4
13.6
13.7
12.8
13.3
13.9
12.4
13.4
13.5
13.7
13.0
13.9
14.2
14.8
14.6
14.8
14.3
13.8
12.6
13.4
13.5
13.3
13.4
13.1
11.2
11.7
12.0
11.6
11.8
1972
1973
-22.2
-23.7
-5.1
4.4
4.5
5.7
8.9
11.5
10.5
11.8
13.3
12.5
13.8
13.9
12.9
13.4
14.1
12.4
13.5
13.7
13.8
13.1
14.0
14.3
14.9
14.7
15.0
14.4
13.9
12.6
13.4
13.5
13.4
13.5
13.1
11.2
11.8
12.0
11.6
11.8
1973
1974
-25.1
4.8
15.2
12.5
12.4
15.2
17.4
15.4
16.4
17.7
16.3
17.5
17.3
15.9
16.3
16.8
14.9
16.0
16.0
16.0
15.2
16.0
16.2
16.8
16.5
16.7
16.1
15.5
14.1
14.9
14.9
14.7
14.8
14.4
12.4
12.9
13.1
12.7
12.8
1974
1975
46.6
42.8
28.8
24.4
25.6
26.5
22.8
23.0
23.7
21.5
22.4
21.7
19.9
20.0
20.3
18.0
19.0
18.8
18.7
17.7
18.4
18.6
19.1
18.7
18.8
18.1
17.3
15.8
16.6
16.6
16.3
16.3
15.8
13.7
14.2
14.4
13.9
14.0
1975
1976
39.1
20.7
17.8
20.8
22.8
19.2
19.9
21.1
19.0
20.2
19.7
17.9
18.2
18.6
16.3
17.4
17.3
17.3
16.3
17.2
17.4
18.0
17.6
17.7
17.0
16.3
14.8
15.6
15.7
15.4
15.5
15.0
12.8
13.4
13.6
13.2
13.3
1976
1977
4.7
8.4
15.2
19.1
15.6
17.0
18.7
16.7
18.3
17.9
16.1
16.6
17.2
14.8
16.1
16.1
16.1
15.2
16.1
16.4
17.0
16.7
16.9
16.2
15.5
14.0
14.8
14.9
14.6
14.7
14.3
12.1
12.7
12.9
12.5
12.6
1977
1978
12.2
20.9
24.3
18.5
19.7
21.3
18.5
20.1
19.5
17.3
17.8
18.3
15.6
17.0
16.9
16.9
15.8
16.8
17.0
17.7
17.3
17.5
16.7
16.0
14.3
15.2
15.3
15.0
15.1
14.6
12.4
12.9
13.2
12.7
12.9
1978
1979
30.3
30.8
20.6
21.6
23.2
19.6
21.2
20.4
17.9
18.3
18.9
15.9
17.3
17.2
17.2
16.0
17.1
17.3
18.0
17.6
17.7
16.9
16.1
14.4
15.4
15.4
15.1
15.2
14.7
12.4
13.0
13.2
12.7
12.9
1979
1980
31.3
16.1
18.8
21.4
17.6
19.8
19.0
16.4
17.1
17.8
14.7
16.3
16.3
16.3
15.1
16.3
16.6
17.3
17.0
17.1
16.3
15.5
13.8
14.8
14.8
14.6
14.7
14.2
11.8
12.4
12.7
12.2
12.4
1980
1981
2.7
13.0
18.3
14.4
17.6
17.1
14.5
15.4
16.4
13.2
15.1
15.1
15.3
14.1
15.4
15.7
16.6
16.2
16.4
15.6
14.8
13.1
14.1
14.2
14.0
14.1
13.6
11.2
11.8
12.2
11.7
11.9
1981
1982
24.4
27.0
18.6
21.7
20.2
16.5
17.3
18.2
14.4
16.4
16.3
16.4
15.0
16.3
16.6
17.5
17.1
17.3
16.4
15.5
13.6
14.7
14.7
14.4
14.6
14.0
11.5
12.2
12.5
12.0
12.2
1982
1983
29.7
15.7
20.8
19.2
15.0
16.2
17.4
13.2
15.5
15.5
15.7
14.2
15.7
16.1
17.0
16.6
16.8
15.9
15.0
13.1
14.2
14.3
14.0
14.2
13.6
11.0
11.7
12.1
11.6
11.8
1983
1984
3.3
16.5
15.9
11.6
13.7
15.4
11.0
13.8
14.1
14.3
12.9
14.6
15.1
16.2
15.8
16.1
15.2
14.3
12.2
13.5
13.6
13.4
13.5
13.0
10.3
11.1
11.5
11.0
11.2
1984
1985
31.5
22.8
14.6
16.5
18.0
12.4
15.4
15.5
15.6
14.0
15.7
16.2
17.2
16.8
17.0
16.0
14.9
12.8
14.1
14.2
13.9
14.0
13.5
10.6
11.4
11.8
11.3
11.5
1985
1986
14.7
6.9
11.8
14.9
8.9
13.0
13.4
13.8
12.2
14.3
14.9
16.1
15.7
16.0
15.0
14.0
11.8
13.2
13.3
13.1
13.3
12.7
9.8
10.7
11.1
10.6
10.8
1986
1987
-0.3
10.4
14.9
7.5
12.6
13.2
13.7
11.8
14.2
14.9
16.3
15.8
16.1
15.0
13.9
11.6
13.1
13.3
13.0
13.2
12.6
9.6
10.5
10.9
10.4
10.7
1987
1988
22.3
23.4
10.2
16.1
16.1
16.2
13.7
16.2
16.7
18.1
17.4
17.6
16.3
15.0
12.4
14.0
14.1
13.8
14.0
13.3
10.1
11.0
11.5
10.9
11.1
1988
1989
24.5
4.6
14.1
14.6
15.0
12.3
15.3
16.0
17.6
16.9
17.2
15.8
14.5
11.7
13.4
13.6
13.3
13.5
12.8
9.5
10.5
11.0
10.4
10.7
1989
1990
-12.1
9.2
11.4
12.7
10.0
13.8
14.9
16.8
16.1
16.5
15.0
13.7
10.8
12.7
12.9
12.6
12.9
12.2
8.8
9.8
10.4
9.8
10.1
1990
1991
35.7
25.4
22.5
16.4
19.9
20.1
21.6
20.2
20.2
18.2
16.4
13.0
14.9
15.0
14.5
14.7
13.8
10.0
11.1
11.6
11.0
11.3
1991
1992
15.9
16.3
10.6
16.2
17.2
19.4
18.1
18.4
16.4
14.6
11.1
13.3
13.5
13.1
13.4
12.6
8.7
9.9
10.5
9.8
10.2
1992
1993
16.8
8.0
16.3
17.5
20.1
18.4
18.7
16.4
14.4
10.6
13.0
13.3
12.9
13.2
12.4
8.3
9.6
10.2
9.5
9.9
1993
MATR IX BOOK 2013
1994
-0.2
16.1
17.8
20.9
18.8
19.0
16.4
14.1
10.0
12.7
13.0
12.6
12.9
12.1
7.7
9.1
9.8
9.1
9.6
1994
1995
35.0
28.0
28.9
24.1
23.3
19.4
16.3
11.3
14.2
14.4
13.8
14.1
13.1
8.3
9.8
10.5
9.7
10.2
1995
1996
21.3
26.0
20.6
20.6
16.5
13.5
8.3
11.8
12.3
11.9
12.4
11.4
6.5
8.2
9.0
8.3
8.8
1996
1997
30.8
20.3
20.3
15.3
12.0
6.2
10.5
11.2
10.9
11.5
10.6
5.3
7.2
8.2
7.5
8.1
1997
1998
10.6
15.4
10.5
7.7
1.9
7.5
8.7
8.6
9.6
8.7
3.3
5.5
6.6
6.0
6.7
1998
1999
20.4 2000
10.5 1.5 2001
6.8 0.6 -0.2 2002
-0.2 -6.2 -9.8 -18.4 2003
6.9 3.7 4.5 6.9 40.2 2004
8.4 6.1 7.3 10.0 27.7 16.3 2005
8.3 6.4 7.4 9.5 20.7 12.0 7.9 2006
9.4 7.9 9.1 11.0 19.9 13.9 12.6 17.5 2007
8.5 7.1 7.9 9.4 16.0 10.6 8.8 9.2 1.4 2008
2.6 0.8 0.7 0.8 4.4 -1.5 -5.6 -9.7 -20.8 -38.2 2009
5.0 3.6 3.8 4.3 8.1 3.5 1.1 -0.6 -5.9 -9.4 32.7 2010
6.3 5.1 5.5 6.1 9.7 5.9 4.3 3.6 0.3 0.0 27.2 21.8 2011
5.6 4.5 4.8 5.3 8.3 4.9 3.4 2.6 -0.1 -0.5 16.6 9.2 -2.1 2012
6.5 5.5 5.8 6.4 9.2 6.3 5.1 4.7 2.7 2.9 16.9 12.1 7.5 17.9
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
17

11. 1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
18
1928
34.1
4.0
-11.9
-24.6
-21.6
-7.9
-6.1
-0.4
4.0
-2.0
0.7
0.3
-0.1
-0.5
0.9
3.3
5.0
7.3
6.4
6.2
5.8
6.4
7.8
8.1
8.2
7.7
9.3
9.7
9.6
8.7
10.0
10.2
9.7
10.3
9.6
9.9
10.2
10.7
10.1
11.0
11.5
10.6
10.3
10.4
10.4
9.4
8.6
9.4
10.1
10.1
10.2
10.6
11.0
10.9
11.2
11.6
11.4
11.7
11.7
11.5
11.7
11.8
11.3
11.7
11.8
12.0
11.8
12.1
12.2
12.4
12.3
12.4
12.3
12.3
11.9
12.3
12.4
12.3
12.4
12.2
11.4
11.7
11.8
11.6
11.7
1928
1929
-19.3
-28.7
-37.7
-31.4
-14.6
-11.5
-4.5
0.7
-5.4
-2.1
-2.4
-2.6
-2.8
-1.1
1.5
3.4
5.9
5.0
4.9
4.6
5.2
6.7
7.1
7.3
6.8
8.4
8.9
8.9
7.9
9.3
9.5
9.0
9.6
8.9
9.3
9.6
10.1
9.6
10.5
11.0
10.0
9.7
9.9
9.9
8.9
8.1
8.9
9.6
9.7
9.8
10.2
10.6
10.5
10.8
11.2
11.0
11.3
11.3
11.1
11.3
11.5
10.9
11.4
11.5
11.7
11.5
11.8
11.9
12.2
12.0
12.1
12.1
12.0
11.6
12.0
12.1
12.1
12.1
12.0
11.1
11.4
11.6
11.3
11.4
1929
1930
-36.9
-45.3
-35.0
-13.3
-9.9
-1.8
4.0
-3.5
0.0
-0.5
-0.9
-1.3
0.4
3.1
5.1
7.7
6.6
6.4
6.0
6.6
8.1
8.5
8.6
8.0
9.7
10.1
10.1
9.0
10.4
10.6
10.1
10.7
9.9
10.3
10.5
11.0
10.5
11.4
11.9
10.9
10.6
10.7
10.7
9.7
8.8
9.7
10.4
10.4
10.5
10.9
11.3
11.2
11.5
11.9
11.7
12.0
12.0
11.7
12.0
12.1
11.5
11.9
12.1
12.2
12.0
12.3
12.5
12.7
12.6
12.6
12.6
12.5
12.1
12.5
12.6
12.6
12.6
12.4
11.6
11.9
12.0
11.8
11.9
1930
1931
-52.6
-34.1
-3.6
-1.5
7.3
13.0
2.6
5.9
4.7
3.7
2.8
4.4
7.1
9.0
11.6
10.2
9.8
9.1
9.6
11.1
11.3
11.3
10.6
12.3
12.6
12.5
11.2
12.7
12.8
12.2
12.7
11.8
12.1
12.4
12.8
12.2
13.2
13.6
12.5
12.1
12.3
12.2
11.1
10.2
11.0
11.7
11.7
11.8
12.2
12.5
12.4
12.7
13.1
12.9
13.1
13.1
12.8
13.1
13.2
12.6
13.0
13.1
13.3
13.0
13.3
13.4
13.7
13.5
13.6
13.5
13.5
13.0
13.4
13.5
13.4
13.5
13.3
12.4
12.7
12.8
12.6
12.7
1931
1932
-8.5
37.3
25.7
31.5
34.4
16.6
18.8
15.6
13.1
11.1
12.2
14.6
16.2
18.6
16.6
15.7
14.6
14.8
16.2
16.1
15.9
14.9
16.6
16.8
16.4
14.9
16.3
16.3
15.6
16.0
15.0
15.2
15.3
15.8
15.0
15.9
16.3
15.1
14.6
14.7
14.5
13.4
12.4
13.2
13.8
13.8
13.8
14.2
14.5
14.4
14.6
15.0
14.7
15.0
14.9
14.6
14.8
14.9
14.3
14.6
14.8
14.9
14.6
14.9
15.0
15.2
15.0
15.1
15.0
14.9
14.4
14.8
14.9
14.8
14.8
14.6
13.6
13.9
14.1
13.8
13.9
1932
1933
106.0
47.2
48.4
48.0
22.4
24.0
19.5
16.1
13.5
14.5
17.0
18.5
21.0
18.6
17.5
16.2
16.3
17.7
17.6
17.3
16.1
17.9
18.0
17.6
16.0
17.4
17.3
16.5
16.9
15.9
16.1
16.2
16.6
15.8
16.7
17.1
15.8
15.3
15.4
15.2
14.0
12.9
13.7
14.4
14.3
14.4
14.8
15.1
14.9
15.1
15.5
15.2
15.5
15.4
15.1
15.3
15.4
14.7
15.1
15.2
15.3
15.0
15.3
15.4
15.6
15.4
15.4
15.4
15.3
14.7
15.2
15.2
15.1
15.2
14.9
14.0
14.3
14.4
14.1
14.2
1933
Dimensional US Adjusted
Market Value Index
1934
5.2
26.0
32.5
7.5
12.1
9.1
7.0
5.3
7.2
10.6
12.7
15.8
13.7
12.9
11.8
12.3
13.9
14.0
13.9
12.9
14.8
15.0
14.7
13.2
14.8
14.8
14.1
14.6
13.6
13.9
14.1
14.5
13.8
14.8
15.2
14.0
13.5
13.6
13.5
12.3
11.3
12.1
12.9
12.8
12.9
13.3
13.6
13.5
13.8
14.2
13.9
14.2
14.2
13.8
14.1
14.2
13.5
13.9
14.1
14.2
13.9
14.2
14.3
14.6
14.4
14.4
14.4
14.3
13.8
14.2
14.3
14.2
14.3
14.0
13.1
13.4
13.5
13.3
13.3
1934
1935
50.9
48.8
8.3
13.8
9.9
7.3
5.3
7.5
11.2
13.5
16.8
14.4
13.5
12.3
12.7
14.5
14.5
14.4
13.3
15.3
15.5
15.2
13.6
15.2
15.2
14.4
14.9
13.9
14.2
14.4
14.8
14.1
15.1
15.5
14.2
13.8
13.9
13.7
12.5
11.4
12.3
13.0
13.0
13.1
13.5
13.8
13.7
14.0
14.4
14.1
14.4
14.3
14.0
14.2
14.3
13.7
14.1
14.2
14.3
14.1
14.4
14.5
14.7
14.5
14.6
14.5
14.4
13.9
14.3
14.4
14.3
14.4
14.1
13.2
13.5
13.6
13.4
13.4
1935
1928–2012: Total Returns (%)
1936
46.7
-8.3
3.6
1.6
0.2
-0.8
2.4
7.0
9.9
13.8
11.6
10.8
9.8
10.4
12.4
12.6
12.5
11.5
13.6
14.0
13.7
12.1
13.9
13.9
13.2
13.7
12.7
13.0
13.3
13.8
13.0
14.1
14.6
13.3
12.8
13.0
12.8
11.6
10.6
11.5
12.3
12.2
12.3
12.8
13.1
13.0
13.3
13.7
13.4
13.8
13.7
13.4
13.6
13.8
13.1
13.5
13.7
13.8
13.5
13.8
14.0
14.2
14.0
14.1
14.0
14.0
13.4
13.9
14.0
13.9
13.9
13.7
12.7
13.0
13.2
12.9
13.0
1936
1937
-42.6
-12.9
-10.1
-8.9
-8.2
-3.5
2.3
6.1
10.7
8.5
8.0
7.2
8.0
10.3
10.6
10.7
9.7
12.0
12.5
12.3
10.7
12.6
12.7
12.0
12.6
11.6
12.0
12.2
12.8
12.1
13.2
13.7
12.4
12.0
12.1
12.0
10.8
9.7
10.7
11.5
11.5
11.6
12.1
12.5
12.3
12.6
13.1
12.8
13.2
13.1
12.8
13.1
13.2
12.5
13.0
13.2
13.3
13.0
13.4
13.5
13.8
13.6
13.6
13.6
13.5
13.0
13.4
13.5
13.5
13.5
13.3
12.3
12.6
12.8
12.5
12.6
1937
1938
32.3
12.5
6.3
3.2
7.0
12.7
15.8
20.1
16.5
15.1
13.5
13.9
15.9
15.9
15.6
14.2
16.5
16.8
16.3
14.4
16.2
16.2
15.3
15.8
14.6
14.9
15.1
15.6
14.7
15.8
16.3
14.8
14.3
14.4
14.2
12.8
11.7
12.6
13.4
13.4
13.4
13.9
14.2
14.1
14.3
14.8
14.5
14.8
14.7
14.4
14.6
14.7
14.0
14.4
14.6
14.7
14.4
14.7
14.8
15.1
14.8
14.9
14.8
14.7
14.2
14.6
14.7
14.6
14.7
14.4
13.4
13.7
13.9
13.6
13.6
1938
GROWTH OF $1
1939
-4.4
-4.7
-5.0
1.5
9.1
13.2
18.5
14.7
13.3
11.7
12.3
14.7
14.7
14.5
13.1
15.6
15.9
15.5
13.6
15.5
15.5
14.6
15.1
13.9
14.2
14.4
15.0
14.1
15.2
15.8
14.3
13.7
13.9
13.7
12.3
11.2
12.2
13.0
12.9
13.0
13.5
13.8
13.7
14.0
14.4
14.1
14.4
14.4
14.0
14.3
14.4
13.7
14.1
14.3
14.4
14.1
14.4
14.5
14.8
14.6
14.6
14.6
14.5
13.9
14.4
14.4
14.4
14.4
14.2
13.1
13.5
13.6
13.3
13.4
1939
$100,000
1940
-5.0
-5.3
3.6
12.8
17.1
22.8
17.7
15.8
13.7
14.2
16.6
16.5
16.1
14.5
17.1
17.3
16.8
14.6
16.7
16.6
15.5
16.1
14.8
15.1
15.3
15.8
14.8
16.0
16.5
15.0
14.4
14.5
14.3
12.9
11.6
12.6
13.5
13.4
13.5
14.0
14.3
14.1
14.4
14.9
14.6
14.9
14.8
14.4
14.7
14.8
14.0
14.5
14.6
14.7
14.5
14.8
14.9
15.1
14.9
15.0
14.9
14.8
14.2
14.7
14.8
14.7
14.7
14.5
13.4
13.7
13.9
13.6
13.7
1940
$11,998
$10,000
1941
-5.6
8.1
19.4
23.4
29.3
22.0
19.1
16.3
16.5
19.0
18.7
18.1
16.2
18.9
19.0
18.3
15.9
18.0
17.8
16.7
17.2
15.8
16.0
16.2
16.7
15.7
16.9
17.4
15.7
15.1
15.2
14.9
13.5
12.2
13.2
14.0
14.0
14.0
14.5
14.8
14.7
14.9
15.4
15.1
15.4
15.3
14.9
15.1
15.2
14.5
14.9
15.1
15.2
14.9
15.2
15.3
15.5
15.3
15.4
15.3
15.2
14.6
15.0
15.1
15.0
15.1
14.8
13.7
14.0
14.2
13.9
14.0
1941
1942
23.8
34.3
35.0
39.8
28.4
23.8
19.8
19.6
22.1
21.4
20.5
18.2
21.0
21.0
20.1
17.4
19.5
19.3
18.0
18.5
16.9
17.1
17.3
17.8
16.6
17.8
18.4
16.6
15.9
15.9
15.7
14.1
12.8
13.8
14.7
14.6
14.6
15.1
15.4
15.2
15.5
15.9
15.6
15.9
15.8
15.4
15.6
15.7
14.9
15.4
15.5
15.6
15.3
15.6
15.7
16.0
15.7
15.8
15.6
15.5
14.9
15.4
15.5
15.4
15.4
15.1
14.0
14.4
14.5
14.2
14.3
1942
$1,000
1943
45.6
40.9
45.6
29.5
23.8
19.1
19.0
21.9
21.2
20.2
17.7
20.8
20.8
19.8
17.0
19.3
19.0
17.7
18.2
16.6
16.8
17.0
17.5
16.3
17.6
18.1
16.3
15.6
15.7
15.4
13.8
12.4
13.5
14.4
14.3
14.3
14.8
15.2
15.0
15.3
15.7
15.4
15.7
15.6
15.2
15.4
15.6
14.7
15.2
15.3
15.4
15.1
15.4
15.6
15.8
15.6
15.6
15.5
15.4
14.8
15.3
15.3
15.2
15.3
15.0
13.9
14.2
14.4
14.1
14.1
1943
1944
36.4
45.7
24.6
18.9
14.4
15.1
18.8
18.4
17.6
15.2
18.7
18.9
18.1
15.2
17.7
17.5
16.2
16.9
15.2
15.5
15.7
16.4
15.2
16.6
17.2
15.3
14.6
14.7
14.5
12.9
11.5
12.6
13.6
13.5
13.6
14.1
14.5
14.3
14.6
15.1
14.7
15.1
15.0
14.6
14.8
15.0
14.2
14.6
14.8
14.9
14.6
14.9
15.1
15.3
15.1
15.1
15.0
14.9
14.3
14.8
14.9
14.8
14.9
14.6
13.5
13.8
14.0
13.7
13.7
1944
$100
1945
55.5
19.1
13.5
9.5
11.3
16.1
16.0
15.5
13.1
17.1
17.4
16.6
13.7
16.5
16.4
15.0
15.8
14.1
14.5
14.8
15.5
14.3
15.8
16.4
14.6
13.9
14.0
13.8
12.1
10.7
11.9
12.9
12.9
12.9
13.5
13.9
13.7
14.1
14.6
14.2
14.6
14.5
14.1
14.4
14.5
13.7
14.2
14.4
14.5
14.2
14.5
14.7
15.0
14.7
14.8
14.7
14.6
14.0
14.5
14.6
14.5
14.5
14.2
13.1
13.5
13.7
13.3
13.4
1945
1946
-8.8
-3.0
-2.6
2.3
9.5
10.5
10.7
8.6
13.4
14.2
13.6
10.8
13.9
14.0
12.8
13.7
12.1
12.6
13.0
13.8
12.7
14.2
15.0
13.1
12.4
12.6
12.5
10.8
9.5
10.7
11.8
11.7
11.9
12.5
12.9
12.8
13.1
13.7
13.3
13.7
13.7
13.3
13.6
13.7
12.9
13.5
13.6
13.8
13.5
13.8
14.0
14.3
14.1
14.1
14.1
14.0
13.3
13.9
14.0
13.9
14.0
13.7
12.6
12.9
13.1
12.8
12.9
1946
$10
1947
3.2
0.7
6.3
14.7
14.9
14.3
11.4
16.6
17.1
16.2
12.7
16.0
16.0
14.5
15.4
13.5
14.0
14.3
15.1
13.9
15.5
16.2
14.2
13.4
13.6
13.4
11.6
10.2
11.5
12.5
12.5
12.6
13.2
13.6
13.4
13.8
14.3
14.0
14.4
14.3
13.9
14.2
14.3
13.5
14.0
14.2
14.3
14.0
14.4
14.5
14.8
14.6
14.6
14.5
14.4
13.8
14.3
14.4
14.3
14.4
14.1
12.9
13.3
13.5
13.2
13.3
1947
1948
-1.8
7.9
18.8
18.0
16.7
12.8
18.6
18.9
17.7
13.7
17.3
17.1
15.4
16.3
14.2
14.7
15.0
15.8
14.4
16.1
16.8
14.7
13.9
14.0
13.8
12.0
10.4
11.8
12.9
12.8
12.9
13.5
14.0
13.8
14.1
14.7
14.3
14.7
14.6
14.2
14.5
14.6
13.7
14.3
14.4
14.6
14.2
14.6
14.7
15.0
14.8
14.9
14.8
14.7
14.0
14.5
14.6
14.5
14.6
14.3
13.1
13.5
13.7
13.3
13.4
1948
$1
1949
18.6
30.6
25.4
21.8
16.0
22.4
22.2
20.4
15.6
19.4
19.0
17.0
17.8
15.5
15.9
16.2
16.9
15.4
17.1
17.9
15.5
14.7
14.8
14.5
12.6
10.9
12.3
13.4
13.3
13.4
14.0
14.5
14.3
14.6
15.2
14.8
15.2
15.1
14.6
14.9
15.0
14.1
14.7
14.8
15.0
14.6
15.0
15.1
15.4
15.1
15.2
15.1
15.0
14.3
14.9
14.9
14.8
14.9
14.6
13.4
13.7
13.9
13.6
13.7
1949
1950
43.7
28.9
22.9
15.3
23.2
22.8
20.6
15.2
19.5
19.0
16.8
17.8
15.2
15.7
16.0
16.8
15.2
17.0
17.8
15.4
14.5
14.6
14.3
12.3
10.6
12.1
13.2
13.1
13.2
13.9
14.4
14.1
14.5
15.1
14.7
15.1
15.0
14.5
14.8
15.0
14.0
14.6
14.7
14.9
14.5
14.9
15.0
15.4
15.1
15.1
15.0
14.9
14.2
14.8
14.9
14.8
14.8
14.5
13.3
13.7
13.8
13.5
13.6
1950
1951
15.6
13.6
7.2
18.5
19.0
17.2
11.7
16.7
16.6
14.4
15.6
13.1
13.8
14.2
15.2
13.7
15.6
16.5
14.1
13.2
13.4
13.2
11.1
9.4
11.0
12.2
12.1
12.3
13.0
13.5
13.3
13.7
14.3
13.9
14.3
14.3
13.8
14.1
14.3
13.4
14.0
14.1
14.3
13.9
14.3
14.5
14.8
14.5
14.6
14.5
14.4
13.7
14.3
14.4
14.3
14.4
14.0
12.8
13.2
13.4
13.1
13.2
1951
$0
1928
1952
11.7
3.2
19.5
19.9
17.5
11.0
16.9
16.7
14.3
15.7
12.9
13.7
14.1
15.2
13.5
15.6
16.6
14.0
13.1
13.3
13.0
10.9
9.2
10.8
12.1
12.0
12.2
12.9
13.4
13.2
13.6
14.3
13.9
14.3
14.3
13.8
14.1
14.3
13.3
13.9
14.1
14.2
13.9
14.3
14.5
14.8
14.5
14.6
14.5
14.4
13.7
14.3
14.4
14.3
14.3
14.0
12.8
13.2
13.4
13.0
13.1
1952
D I M E N S I O N A L F U N D A D VI S O R S
1953
-4.6
23.7
22.8
19.0
10.9
17.8
17.4
14.6
16.1
13.0
13.8
14.3
15.5
13.7
15.9
16.9
14.1
13.1
13.4
13.1
10.9
9.1
10.7
12.1
12.0
12.2
12.9
13.5
13.3
13.7
14.4
13.9
14.4
14.3
13.8
14.1
14.3
13.3
14.0
14.2
14.3
14.0
14.4
14.5
14.9
14.6
14.7
14.6
14.4
13.7
14.3
14.4
14.3
14.4
14.1
12.8
13.2
13.4
13.1
13.2
1953
2012
Index data compiled by Dimensional.
1954
60.4
39.3
28.1
15.1
22.9
21.5
17.6
19.0
15.2
15.9
16.2
17.3
15.2
17.5
18.5
15.4
14.3
14.5
14.1
11.7
9.8
11.5
12.9
12.8
12.9
13.7
14.2
14.0
14.4
15.0
14.6
15.0
15.0
14.4
14.7
14.9
13.9
14.5
14.7
14.8
14.4
14.9
15.0
15.4
15.1
15.1
15.0
14.9
14.1
14.7
14.8
14.7
14.8
14.4
13.1
13.5
13.7
13.4
13.5
1954
1955
21.0
14.4
3.1
15.0
15.0
11.7
14.0
10.5
11.8
12.6
14.1
12.1
14.8
16.0
12.9
11.9
12.2
12.0
9.6
7.7
9.6
11.1
11.1
11.3
12.1
12.7
12.5
13.0
13.7
13.3
13.8
13.8
13.3
13.6
13.8
12.8
13.5
13.7
13.8
13.5
13.9
14.1
14.5
14.2
14.3
14.2
14.1
13.3
14.0
14.1
14.0
14.1
13.7
12.4
12.8
13.0
12.7
12.8
1955
1956
8.2
-4.8
13.0
13.5
10.0
12.9
9.1
10.7
11.7
13.4
11.3
14.3
15.6
12.3
11.3
11.7
11.5
9.0
7.0
9.0
10.6
10.6
10.9
11.7
12.4
12.2
12.7
13.5
13.1
13.6
13.5
13.0
13.4
13.6
12.6
13.3
13.5
13.7
13.3
13.8
13.9
14.3
14.0
14.1
14.0
13.9
13.2
13.8
13.9
13.8
13.9
13.6
12.3
12.7
12.9
12.6
12.7
1956
1957
-16.3
15.5
15.4
10.4
13.9
9.3
11.0
12.1
14.0
11.6
14.8
16.2
12.7
11.5
11.9
11.7
9.1
7.0
9.1
10.7
10.8
11.0
11.9
12.6
12.4
12.9
13.7
13.2
13.8
13.7
13.2
13.6
13.8
12.7
13.4
13.6
13.8
13.4
13.9
14.1
14.5
14.2
14.3
14.2
14.1
13.3
13.9
14.1
13.9
14.0
13.7
12.3
12.8
13.0
12.6
12.8
1957
1958
59.5
35.5
21.1
23.0
15.3
16.4
16.9
18.5
15.2
18.5
19.7
15.5
14.0
14.3
13.9
10.9
8.5
10.7
12.4
12.3
12.5
13.4
14.1
13.8
14.3
15.0
14.5
15.0
14.9
14.3
14.7
14.9
13.7
14.4
14.6
14.8
14.4
14.8
15.0
15.4
15.0
15.1
15.0
14.9
14.0
14.7
14.8
14.7
14.8
14.4
13.0
13.4
13.6
13.3
13.4
1958
1959
15.1
5.5
12.8
6.3
9.3
11.0
13.5
10.7
14.7
16.3
12.2
10.9
11.4
11.2
8.2
6.0
8.3
10.2
10.3
10.5
11.6
12.3
12.1
12.7
13.5
13.1
13.6
13.6
13.0
13.4
13.7
12.5
13.3
13.5
13.7
13.3
13.8
14.0
14.4
14.1
14.2
14.1
14.0
13.2
13.9
14.0
13.9
14.0
13.6
12.2
12.7
12.9
12.5
12.7
1959
1960
-3.3
11.6
3.5
7.9
10.2
13.3
10.0
14.6
16.5
11.9
10.5
11.1
10.9
7.8
5.4
7.9
9.9
10.0
10.3
11.4
12.2
12.0
12.6
13.5
13.0
13.6
13.5
12.9
13.4
13.6
12.4
13.2
13.5
13.7
13.3
13.8
14.0
14.4
14.1
14.2
14.1
14.0
13.1
13.9
14.0
13.8
14.0
13.6
12.2
12.6
12.9
12.5
12.6
1960
1961
28.8
7.0
11.9
13.8
16.9
12.4
17.4
19.2
13.7
12.0
12.5
12.1
8.7
6.0
8.7
10.8
10.8
11.1
12.2
13.0
12.8
13.4
14.3
13.7
14.3
14.2
13.6
14.0
14.3
13.0
13.8
14.1
14.2
13.8
14.3
14.5
14.9
14.6
14.7
14.6
14.4
13.6
14.3
14.4
14.3
14.4
14.0
12.5
13.0
13.2
12.8
12.9
1961
1962
-11.1
4.2
9.2
14.1
9.4
15.6
17.9
11.9
10.2
11.0
10.7
7.1
4.4
7.4
9.7
9.8
10.1
11.4
12.3
12.0
12.7
13.6
13.1
13.8
13.7
13.1
13.5
13.8
12.5
13.3
13.6
13.8
13.4
13.9
14.1
14.6
14.2
14.3
14.2
14.1
13.2
14.0
14.1
14.0
14.1
13.7
12.2
12.7
12.9
12.5
12.6
1962
1963
22.2
21.0
24.0
15.2
21.9
23.6
15.7
13.2
13.7
13.2
9.0
5.8
9.0
11.4
11.4
11.6
12.9
13.7
13.4
14.0
15.0
14.3
15.0
14.9
14.1
14.6
14.8
13.4
14.3
14.5
14.7
14.2
14.8
15.0
15.4
15.0
15.1
15.0
14.8
13.9
14.6
14.8
14.6
14.7
14.3
12.7
13.2
13.5
13.1
13.2
1963
1964
19.9
24.9
13.0
21.8
23.9
14.6
12.0
12.7
12.2
7.7
4.5
8.0
10.6
10.6
11.0
12.3
13.3
12.9
13.6
14.6
14.0
14.7
14.6
13.8
14.3
14.5
13.1
14.0
14.3
14.5
14.0
14.6
14.8
15.2
14.8
14.9
14.8
14.6
13.7
14.5
14.6
14.4
14.5
14.1
12.5
13.0
13.3
12.9
13.0
1964
1965
30.1
9.7
22.4
24.9
13.6
10.8
11.7
11.3
6.4
3.0
6.9
9.8
9.9
10.3
11.8
12.8
12.5
13.3
14.4
13.7
14.4
14.3
13.6
14.1
14.3
12.9
13.8
14.1
14.3
13.8
14.4
14.6
15.1
14.7
14.8
14.6
14.5
13.5
14.3
14.5
14.3
14.4
14.0
12.4
12.9
13.2
12.7
12.9
1965
1966
-7.5
18.7
23.2
9.8
7.3
8.9
8.8
3.8
0.4
4.8
8.2
8.4
9.0
10.6
11.8
11.5
12.4
13.5
12.9
13.7
13.6
12.9
13.4
13.7
12.2
13.2
13.5
13.8
13.3
13.9
14.1
14.6
14.2
14.4
14.2
14.1
13.1
13.9
14.1
13.9
14.1
13.6
12.0
12.5
12.8
12.4
12.5
1966
1967
52.5
42.2
16.3
11.3
12.5
11.8
5.5
1.5
6.3
9.9
10.0
10.5
12.1
13.3
12.9
13.7
14.9
14.1
14.9
14.8
13.9
14.5
14.7
13.2
14.1
14.4
14.6
14.1
14.7
14.9
15.4
15.0
15.1
14.9
14.8
13.7
14.6
14.7
14.5
14.7
14.2
12.5
13.1
13.3
12.9
13.0
1967
1968
32.6
1.5
0.2
4.3
5.1
-0.7
-4.3
1.6
5.9
6.4
7.3
9.3
10.7
10.5
11.5
12.9
12.2
13.1
13.1
12.3
12.9
13.3
11.7
12.8
13.1
13.4
12.9
13.6
13.8
14.3
14.0
14.1
14.0
13.8
12.8
13.7
13.8
13.7
13.8
13.4
11.7
12.2
12.5
12.1
12.3
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1969
-22.3
-12.9
-3.7
-0.8
-6.3
-9.3
-2.2
3.0
3.9
5.0
7.4
9.1
8.9
10.2
11.7
11.1
12.1
12.1
11.3
12.0
12.4
10.8
12.0
12.4
12.7
12.2
12.9
13.2
13.8
13.4
13.5
13.4
13.3
12.3
13.2
13.4
13.2
13.4
12.9
11.2
11.8
12.1
11.7
11.8
1969
1970
-2.3
7.2
7.6
-1.8
-6.5
1.7
7.2
7.7
8.6
10.9
12.5
12.1
13.2
14.6
13.7
14.7
14.5
13.6
14.2
14.5
12.7
13.9
14.2
14.4
13.8
14.5
14.8
15.3
14.9
15.0
14.8
14.6
13.5
14.4
14.6
14.4
14.5
14.0
12.2
12.8
13.1
12.6
12.8
1970
1971
17.5
12.9
-1.7
-7.5
2.5
8.9
9.2
10.0
12.5
14.1
13.5
14.6
16.1
15.0
15.9
15.7
14.6
15.2
15.5
13.5
14.7
15.0
15.2
14.6
15.3
15.5
16.0
15.5
15.6
15.4
15.2
14.1
15.0
15.1
14.9
15.0
14.5
12.6
13.2
13.5
13.0
13.2
1971
1972
8.4
-10.1
-14.6
-0.9
7.3
7.9
9.0
11.9
13.7
13.1
14.3
15.9
14.8
15.8
15.6
14.4
15.0
15.4
13.3
14.5
14.9
15.1
14.4
15.2
15.4
16.0
15.5
15.6
15.4
15.1
13.9
14.9
15.0
14.8
15.0
14.4
12.5
13.1
13.4
12.9
13.1
1972
1973
-25.4
-24.3
-3.9
7.0
7.8
9.1
12.4
14.4
13.6
14.9
16.6
15.3
16.4
16.1
14.8
15.5
15.8
13.6
14.9
15.2
15.5
14.7
15.5
15.7
16.3
15.7
15.8
15.6
15.4
14.1
15.1
15.3
15.0
15.2
14.6
12.6
13.2
13.6
13.0
13.2
1973
1974
-23.1
9.1
20.7
18.2
17.7
20.4
21.6
19.7
20.6
22.0
20.0
20.8
20.1
18.4
18.9
19.0
16.5
17.7
17.9
18.0
17.1
17.8
18.0
18.5
17.8
17.8
17.5
17.2
15.8
16.8
16.9
16.6
16.7
16.1
14.0
14.6
14.8
14.3
14.4
1974
1975
54.7
51.2
36.4
30.9
31.6
31.3
27.5
27.5
28.4
25.4
25.9
24.7
22.4
22.6
22.5
19.5
20.6
20.7
20.7
19.6
20.2
20.3
20.7
19.9
19.8
19.4
19.0
17.5
18.5
18.5
18.2
18.2
17.5
15.3
15.9
16.1
15.5
15.6
1975
1976
47.7
28.1
23.8
26.4
27.1
23.5
24.0
25.4
22.5
23.3
22.2
20.0
20.5
20.5
17.5
18.8
19.0
19.0
18.0
18.7
18.8
19.4
18.6
18.6
18.2
17.8
16.3
17.4
17.5
17.1
17.2
16.5
14.3
14.9
15.2
14.6
14.7
1976
1977
11.0
13.4
20.0
22.4
19.2
20.5
22.5
19.7
20.8
19.9
17.8
18.4
18.6
15.6
17.1
17.4
17.5
16.5
17.3
17.5
18.2
17.4
17.4
17.1
16.8
15.3
16.4
16.5
16.2
16.3
15.6
13.3
14.0
14.3
13.7
13.9
1977
1978
15.8
24.8
26.4
21.3
22.5
24.6
21.0
22.1
21.0
18.5
19.1
19.3
15.9
17.5
17.8
18.0
16.8
17.7
17.9
18.5
17.7
17.7
17.4
17.0
15.4
16.6
16.7
16.4
16.5
15.8
13.4
14.1
14.4
13.8
14.0
1978
1979
34.4
32.0
23.2
24.2
26.4
21.9
23.0
21.6
18.8
19.5
19.6
15.9
17.6
18.0
18.1
16.9
17.8
18.0
18.7
17.8
17.8
17.4
17.1
15.4
16.6
16.7
16.4
16.5
15.8
13.3
14.1
14.4
13.8
13.9
1979
1980
29.7
17.9
21.0
24.4
19.5
21.2
19.9
16.9
17.9
18.2
14.4
16.4
16.8
17.0
15.8
16.9
17.1
17.8
17.0
17.1
16.7
16.3
14.7
15.9
16.1
15.8
15.9
15.2
12.7
13.4
13.8
13.2
13.4
1980
1981
7.1
16.8
22.7
17.1
19.6
18.3
15.2
16.5
17.0
12.9
15.2
15.8
16.1
14.9
16.0
16.4
17.2
16.3
16.4
16.1
15.7
14.0
15.4
15.5
15.2
15.4
14.7
12.1
12.9
13.3
12.7
12.9
1981
1982
27.4
31.4
20.7
22.9
20.7
16.6
17.9
18.3
13.6
16.0
16.6
16.9
15.5
16.7
17.0
17.8
16.9
17.0
16.6
16.2
14.4
15.8
15.9
15.6
15.7
15.0
12.3
13.1
13.5
12.9
13.1
1982
1983
35.5
17.4
21.5
19.1
14.6
16.4
17.1
12.0
14.8
15.5
16.0
14.6
15.9
16.3
17.2
16.3
16.4
16.0
15.6
13.7
15.2
15.4
15.1
15.3
14.5
11.8
12.6
13.1
12.4
12.6
1983
1984
1.8
15.1
14.1
9.9
12.9
14.3
9.0
12.5
13.5
14.2
12.8
14.4
14.9
16.0
15.1
15.3
14.9
14.6
12.7
14.3
14.5
14.3
14.5
13.7
10.9
11.8
12.3
11.6
11.9
1984
1985
30.1
20.8
12.7
15.9
16.9
10.2
14.1
15.1
15.7
14.0
15.7
16.1
17.2
16.1
16.2
15.8
15.4
13.3
15.0
15.2
14.9
15.1
14.2
11.3
12.3
12.7
12.0
12.3
1985
1986
12.2
4.9
11.5
13.9
6.7
11.7
13.1
14.0
12.3
14.3
14.9
16.2
15.1
15.3
14.9
14.6
12.4
14.2
14.5
14.2
14.4
13.6
10.5
11.6
12.1
11.4
11.7
1986
1987
-2.0
11.1
14.4
5.3
11.5
13.2
14.2
12.4
14.5
15.2
16.6
15.3
15.5
15.1
14.7
12.4
14.3
14.6
14.3
14.5
13.6
10.5
11.6
12.1
11.4
11.6
1987
1988
26.0
23.6
7.8
15.2
16.5
17.2
14.6
16.8
17.3
18.6
17.0
17.1
16.6
16.0
13.5
15.4
15.7
15.3
15.4
14.5
11.1
12.2
12.7
11.9
12.2
1988
1989
21.2
-0.2
11.8
14.3
15.5
12.8
15.5
16.2
17.8
16.2
16.4
15.8
15.3
12.6
14.8
15.1
14.7
14.9
13.9
10.4
11.6
12.2
11.4
11.7
1989
1990
-17.9
7.4
12.0
14.1
11.2
14.6
15.5
17.4
15.6
15.9
15.3
14.8
12.0
14.3
14.7
14.3
14.5
13.5
9.9
11.1
11.8
10.9
11.3
1990
1991
40.5
30.9
27.3
19.9
22.5
22.3
23.5
20.7
20.4
19.3
18.4
14.9
17.3
17.4
16.8
16.9
15.7
11.6
12.9
13.5
12.5
12.8
1991
1992
21.9
21.2
13.7
18.4
19.0
20.9
18.1
18.1
17.2
16.3
12.9
15.5
15.8
15.3
15.5
14.3
10.1
11.6
12.2
11.3
11.7
1992
1993
20.4
9.8
17.2
18.2
20.7
17.5
17.6
16.6
15.7
12.0
15.0
15.3
14.8
15.1
13.8
9.5
11.0
11.7
10.8
11.2
1993
MATR IX BOOK 2013
1994
0.2
15.7
17.5
20.8
16.9
17.1
16.0
15.2
11.1
14.4
14.9
14.3
14.7
13.3
8.8
10.4
11.2
10.3
10.7
1994
1995
33.5
27.3
28.5
21.5
20.8
18.9
17.5
12.5
16.1
16.5
15.7
16.0
14.4
9.4
11.1
12.0
10.9
11.3
1995
1996
21.4
26.1
17.7
17.9
16.2
15.0
9.8
14.1
14.7
14.1
14.5
13.0
7.7
9.7
10.7
9.6
10.1
1996
1997
30.9
15.9
16.7
14.9
13.8
8.0
13.1
13.9
13.3
13.8
12.2
6.7
8.8
9.9
8.9
9.5
1997
1998
2.6
10.2
10.0
9.8
3.9
10.4
11.7
11.2
12.1
10.5
4.7
7.2
8.5
7.4
8.2
1998
1999
18.3
13.9
12.4
4.2
12.0
13.2
12.5
13.3
11.4
4.9
7.6
9.0
7.8
8.6
1999
2000
9.7
9.5
-0.1
10.5
12.2
11.6
12.6
10.6
3.5
6.6
8.1
7.0
7.9
2000
2001
9.3
-4.6
10.8
12.9
12.0
13.1
10.7
2.8
6.2
8.0
6.7
7.7
2001
2002
-16.8
11.5
14.1
12.7
13.9
10.9
1.9
5.8
7.8
6.5
7.6
2002
2003
49.5
33.6
24.6
23.1
17.5
5.4
9.5
11.4
9.4
10.4
2003
2004
19.5
13.8
15.4
10.7
-1.8
4.0
6.8
5.3
6.7
2004
2005
8.4
13.5
7.9
-6.5
1.2
4.8
3.4
5.2
2005
2006
18.7
7.6
-10.9
-0.6
4.1
2.5
4.8
2006
2007
-2.5
-22.9
-6.3
0.8
-0.4
2.6
2007
2008
-39.0
-8.1
1.9
0.1
3.7
2008
2009
38.4 2010
31.7 25.3 2011
18.1 9.1 -5.1 2012
18.4 12.4 6.4 19.3
2009 2010 2011 2012
19

12. Dimensional US
Large CAP Growth Index
Dimensional US
Small CAP Growth Index
1975–2012: Total Returns (%)
1975–2012: Total Returns (%)
GROWTH OF $1
GROWTH OF $1
$100,000
$100,000
$10,000
$10,000
$1,000
$100
$1,000
$73
$10
$10
$1
$1
$0
1975
1926
2012
$0
1975
1926
Index data compiled by Dimensional
incorporating new research on direct profitability.
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
20
1975
34.7
25.0
13.3
12.3
13.4
17.3
13.3
15.2
15.5
14.1
16.1
16.0
14.8
14.9
15.9
14.8
16.5
15.8
14.9
14.3
15.4
15.9
16.5
17.2
17.4
16.2
15.0
13.5
13.7
13.6
13.2
13.1
13.0
11.4
11.8
12.0
11.9
11.9
1975
1976
15.9
4.0
5.7
8.7
14.1
10.1
12.6
13.3
12.1
14.4
14.5
13.3
13.6
14.7
13.5
15.4
14.8
13.9
13.3
14.5
15.1
15.8
16.5
16.7
15.5
14.3
12.7
13.0
12.9
12.5
12.5
12.4
10.8
11.2
11.4
11.3
11.4
1976
1977
-6.8
1.0
6.3
13.7
9.0
12.1
13.0
11.6
14.3
14.3
13.1
13.4
14.6
13.4
15.4
14.7
13.8
13.1
14.4
15.0
15.7
16.5
16.8
15.5
14.2
12.6
12.9
12.8
12.4
12.3
12.3
10.6
11.1
11.3
11.1
11.3
1977
1978
9.3
13.5
21.5
13.3
16.3
16.6
14.5
17.2
16.9
15.3
15.4
16.6
15.1
17.2
16.3
15.2
14.4
15.7
16.3
17.0
17.8
18.0
16.6
15.2
13.5
13.8
13.6
13.2
13.1
13.0
11.3
11.7
11.9
11.7
11.8
1978
1979
17.9
28.0
14.7
18.1
18.2
15.4
18.4
17.9
15.9
16.0
17.3
15.6
17.8
16.9
15.6
14.8
16.1
16.7
17.4
18.2
18.4
17.0
15.5
13.6
14.0
13.7
13.3
13.2
13.1
11.3
11.8
12.0
11.8
11.9
1979
1980
38.9
13.1
18.1
18.2
14.9
18.4
17.9
15.7
15.8
17.2
15.4
17.8
16.8
15.4
14.6
16.0
16.6
17.4
18.2
18.4
16.9
15.4
13.5
13.8
13.6
13.1
13.0
12.9
11.1
11.6
11.8
11.6
11.7
1980
1981
-7.9
8.9
12.0
9.5
14.7
14.7
12.7
13.2
15.0
13.3
16.0
15.1
13.8
13.0
14.6
15.4
16.2
17.2
17.4
15.9
14.3
12.4
12.8
12.6
12.2
12.1
12.1
10.2
10.7
11.0
10.8
11.0
1981
1982
28.9
23.6
16.0
21.2
19.9
16.6
16.6
18.2
15.9
18.7
17.5
15.8
14.8
16.4
17.1
17.9
18.8
19.0
17.3
15.6
13.5
13.9
13.6
13.1
13.0
12.9
10.9
11.5
11.7
11.5
11.6
1982
1983
18.4
10.1
18.7
17.7
14.2
14.6
16.8
14.4
17.7
16.4
14.7
13.7
15.5
16.3
17.2
18.2
18.5
16.7
14.9
12.8
13.2
13.0
12.5
12.4
12.3
10.3
10.9
11.1
11.0
11.1
1983
1984
2.3
18.9
17.5
13.2
13.9
16.5
13.8
17.6
16.2
14.4
13.3
15.3
16.1
17.2
18.2
18.5
16.6
14.7
12.5
12.9
12.7
12.2
12.2
12.1
10.0
10.6
10.9
10.7
10.8
1984
1985
38.2
25.9
17.1
17.0
19.6
15.8
19.9
18.0
15.8
14.4
16.5
17.4
18.4
19.4
19.6
17.6
15.5
13.1
13.5
13.3
12.7
12.6
12.5
10.3
10.9
11.2
11.0
11.2
1985
1986
14.7
7.8
10.7
15.4
11.8
17.1
15.4
13.2
12.0
14.5
15.7
16.9
18.1
18.4
16.3
14.2
11.8
12.3
12.1
11.6
11.5
11.5
9.3
9.9
10.2
10.1
10.3
1986
1987
1.4
8.7
15.6
11.1
17.6
15.5
13.0
11.7
14.5
15.7
17.1
18.4
18.7
16.4
14.2
11.6
12.2
11.9
11.4
11.4
11.3
9.0
9.7
10.1
9.9
10.1
1987
1988
16.7
23.4
14.6
22.1
18.6
15.1
13.3
16.3
17.5
18.8
20.1
20.3
17.7
15.2
12.3
12.9
12.6
12.0
11.9
11.9
9.4
10.1
10.5
10.3
10.5
1988
1989
30.6
13.5
23.9
19.0
14.8
12.7
16.2
17.6
19.0
20.4
20.6
17.8
15.1
12.0
12.6
12.3
11.7
11.7
11.6
9.0
9.8
10.2
10.0
10.2
1989
1990
-1.3
20.7
15.4
11.2
9.5
14.0
15.8
17.6
19.4
19.7
16.7
13.9
10.7
11.4
11.2
10.6
10.7
10.6
8.0
8.9
9.3
9.2
9.4
1990
1991
47.7
24.8
15.7
12.3
17.3
19.0
20.6
22.2
22.3
18.6
15.3
11.7
12.5
12.2
11.5
11.5
11.4
8.6
9.4
9.8
9.7
9.9
1991
1992
5.5
2.4
2.5
10.8
13.9
16.6
19.0
19.4
15.8
12.5
8.9
10.0
9.8
9.3
9.4
9.4
6.6
7.6
8.1
8.1
8.4
1992
1993
-0.6
1.1
12.6
16.1
19.0
21.4
21.6
17.1
13.3
9.3
10.4
10.2
9.6
9.7
9.7
6.7
7.8
8.3
8.2
8.5
1993
1994
2.9
19.9
22.3
24.5
26.3
25.7
19.9
15.2
10.4
11.5
11.2
10.5
10.5
10.5
7.2
8.3
8.9
8.7
9.0
1994
1995
39.7
33.4
32.6
33.0
30.8
23.0
17.1
11.4
12.5
12.1
11.2
11.2
11.1
7.5
8.7
9.2
9.1
9.4
1995
1996
27.3
29.2
30.8
28.7
19.9
13.7
7.9
9.5
9.4
8.7
8.9
9.0
5.3
6.7
7.5
7.4
7.8
1996
1997
31.1
32.6
29.2
18.1
11.2
4.9
7.2
7.4
6.8
7.2
7.5
3.7
5.3
6.2
6.2
6.7
1997
1998
34.1
28.2
14.1
6.7
0.4
3.7
4.3
4.1
4.8
5.4
1.5
3.4
4.5
4.6
5.3
1998
1999
22.6
5.2
-1.2
-6.6
-1.5
0.1
0.4
1.6
2.6
-1.3
1.0
2.3
2.6
3.5
1999
D I M E N S I O N A L F U N D A D VI S O R S
2000
-9.7
-11.3
-14.7
-6.8
-3.9
-2.9
-1.1
0.3
-3.6
-1.0
0.6
1.1
2.1
2000
2001
-12.8
-17.2
-5.8
-2.4
-1.5
0.5
1.8
-2.8
0.1
1.7
2.1
3.2
2001
2002
-21.3
-2.1
1.3
1.5
3.4
4.5
-1.3
1.8
3.5
3.8
4.8
2002
$220
$100
2003
21.8 2004
14.9 8.4 2005
10.5 5.3 2.2 2006
10.6 7.1 6.5 10.9 2007
10.6 7.9 7.8 10.6 10.3 2008
2.5 -1.0 -3.3 -5.0 -12.1 -30.0 2009
5.6 3.1 2.1 2.1 -0.7 -5.8 26.7 2010
7.1 5.1 4.6 5.1 3.6 1.5 22.2 17.9 2011
7.0 5.3 4.8 5.3 4.2 2.7 16.7 12.0 6.4 2012
7.8 6.4 6.1 6.7 6.0 5.1 16.3 13.1 10.7 15.3
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012
Index data compiled by Dimensional
incorporating new research on direct profitability.
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1975
69.6
54.7
42.7
37.3
39.5
41.2
34.2
33.3
32.8
27.5
28.1
26.4
23.3
23.4
23.2
20.5
21.9
21.5
21.0
19.8
20.0
19.9
20.0
19.1
19.4
18.7
18.4
17.1
17.8
17.9
17.5
17.4
16.9
14.8
15.3
15.6
15.2
15.2
1975
1976
41.1
30.8
27.9
32.9
36.2
29.0
28.8
28.8
23.5
24.6
23.0
20.1
20.4
20.4
17.8
19.4
19.2
18.7
17.6
18.0
17.9
18.2
17.3
17.7
17.1
16.8
15.5
16.3
16.4
16.1
16.0
15.6
13.5
14.0
14.4
14.0
14.1
1976
1977
21.3
21.8
30.2
35.0
26.8
26.9
27.2
21.5
22.8
21.4
18.4
18.8
18.9
16.3
18.1
17.9
17.5
16.4
16.9
16.9
17.2
16.3
16.8
16.2
15.9
14.6
15.4
15.6
15.3
15.3
14.8
12.7
13.2
13.7
13.3
13.4
1977
1978
22.3
34.9
39.8
28.2
28.0
28.2
21.5
23.0
21.4
18.1
18.6
18.7
15.9
17.9
17.7
17.3
16.1
16.6
16.7
17.0
16.0
16.6
15.9
15.7
14.3
15.2
15.4
15.1
15.1
14.6
12.4
13.0
13.4
13.1
13.2
1978
1979
48.7
49.5
30.2
29.5
29.3
21.4
23.1
21.3
17.6
18.3
18.4
15.4
17.5
17.4
17.0
15.8
16.3
16.4
16.7
15.7
16.3
15.6
15.4
14.0
14.9
15.1
14.8
14.8
14.4
12.1
12.7
13.2
12.8
12.9
1979
1980
50.3
21.8
23.7
24.9
16.5
19.3
17.8
14.2
15.3
15.7
12.7
15.2
15.2
15.0
13.8
14.5
14.7
15.1
14.2
14.9
14.3
14.1
12.7
13.7
14.0
13.7
13.7
13.3
11.0
11.7
12.2
11.8
12.0
1980
1981
-1.3
12.2
17.4
9.4
13.9
13.1
9.8
11.5
12.4
9.6
12.5
12.7
12.6
11.6
12.5
12.8
13.3
12.5
13.3
12.7
12.6
11.2
12.3
12.7
12.4
12.5
12.1
9.8
10.5
11.1
10.8
10.9
1981
1982
27.6
28.1
13.2
18.1
16.2
11.8
13.5
14.3
10.8
14.0
14.1
13.9
12.7
13.5
13.8
14.3
13.4
14.2
13.5
13.3
11.9
13.0
13.3
13.0
13.1
12.7
10.3
11.0
11.6
11.2
11.4
1982
1983
28.7
6.6
15.1
13.5
8.9
11.3
12.5
8.9
12.6
12.8
12.7
11.5
12.5
12.9
13.5
12.5
13.4
12.8
12.6
11.1
12.3
12.7
12.5
12.5
12.1
9.7
10.4
11.0
10.7
10.9
1983
1984
-11.7
8.8
8.9
4.4
8.1
10.0
6.3
10.7
11.2
11.2
10.1
11.3
11.7
12.5
11.5
12.5
11.9
11.8
10.3
11.6
12.0
11.8
11.9
11.5
9.0
9.8
10.4
10.1
10.3
1984
1985
34.1
20.9
10.4
13.7
15.0
9.7
14.3
14.4
14.1
12.5
13.6
13.9
14.6
13.4
14.4
13.6
13.3
11.6
13.0
13.3
13.0
13.1
12.6
9.9
10.7
11.4
11.0
11.2
1985
1986
9.0
0.2
7.6
10.6
5.4
11.3
11.9
11.8
10.4
11.7
12.2
13.1
11.9
13.1
12.3
12.2
10.4
11.9
12.3
12.1
12.2
11.7
9.0
9.8
10.5
10.2
10.4
1986
1987
-8.0
6.9
11.2
4.5
11.8
12.4
12.2
10.5
12.1
12.6
13.5
12.2
13.4
12.6
12.4
10.5
12.1
12.5
12.2
12.4
11.8
9.0
9.9
10.6
10.2
10.4
1987
1988
24.2
22.2
9.0
17.3
16.9
16.0
13.4
14.8
15.1
15.9
14.2
15.4
14.3
14.0
11.9
13.4
13.9
13.5
13.5
12.9
9.9
10.8
11.5
11.1
11.3
1988
1989
20.1
2.0
15.1
15.2
14.4
11.7
13.6
14.0
15.0
13.3
14.6
13.5
13.2
11.1
12.8
13.2
12.9
13.0
12.4
9.2
10.2
10.9
10.5
10.7
1989
1990
-13.3
12.7
13.6
13.0
10.1
12.5
13.2
14.4
12.5
14.1
12.9
12.7
10.4
12.3
12.8
12.4
12.6
12.0
8.6
9.7
10.5
10.1
10.4
1990
1991
46.6
30.0
23.5
16.9
18.5
18.3
19.0
16.3
17.6
16.0
15.4
12.6
14.5
14.9
14.4
14.4
13.7
10.0
11.0
11.9
11.4
11.6
1991
1992
15.3
13.3
8.5
12.4
13.4
14.9
12.5
14.4
13.0
12.7
10.0
12.2
12.8
12.4
12.5
11.9
8.2
9.3
10.3
9.9
10.1
1992
1993
11.5
5.2
11.5
12.9
14.9
12.0
14.3
12.7
12.4
9.5
11.9
12.6
12.2
12.3
11.6
7.7
9.0
10.0
9.6
9.9
1993
1994
-0.7
11.5
13.4
15.7
12.1
14.7
12.9
12.5
9.2
11.9
12.7
12.2
12.4
11.7
7.5
8.9
10.0
9.5
9.8
1994
1995
25.1
21.2
21.8
15.6
18.1
15.3
14.5
10.5
13.4
14.2
13.5
13.6
12.7
8.1
9.5
10.7
10.1
10.4
1995
1996
17.4
20.2
12.6
16.4
13.5
12.9
8.6
12.1
13.0
12.4
12.6
11.7
6.9
8.5
9.8
9.2
9.6
1996
1997
23.0
10.2
16.1
12.5
12.0
7.2
11.3
12.5
11.8
12.1
11.2
6.1
7.8
9.2
8.7
9.1
1997
1998
-1.2
12.8
9.2
9.4
4.3
9.5
11.0
10.5
11.0
10.1
4.6
6.7
8.2
7.8
8.3
1998
MATR IX BOOK 2013
1999
28.8
14.8
13.2
5.7
11.8
13.2
12.3
12.6
11.4
5.2
7.4
9.1
8.5
9.0
1999
2000
2.4
6.1
-1.0
7.9
10.3
9.8
10.5
9.4
2.9
5.5
7.4
6.9
7.6
2000
2001
9.9
-2.7
9.8
12.4
11.3
11.9
10.4
3.0
5.8
7.9
7.4
8.0
2001
2002
-13.8
9.7
13.2
11.6
12.3
10.5
2.0
5.3
7.7
7.1
7.9
2002
2003
39.5
29.8
21.7
19.9
16.1
4.9
8.4
10.8
9.7
10.3
2003
2004
20.7
13.6
14.0
10.9
-0.9
3.9
7.2
6.5
7.5
2004
2005
7.0
10.8
7.9
-5.7
0.8
5.1
4.6
5.9
2005
2006
14.8
8.3
-9.5
-0.7
4.7
4.2
5.8
2006
2007
2.2
-19.7
-5.3
2.3
2.2
4.3
2007
2008
-36.9
-8.9
2.3
2.2
4.8
2008
2009
31.5
30.3
20.0
18.9
2009
2010
29.1 2011
14.7 1.8 2012
15.0 8.5 15.6
2010 2011 2012
21

13. 1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
22
1927
34.6
29.7
17.2
-2.3
-17.4
-15.4
-3.3
-5.9
-0.8
3.2
-1.9
0.1
-0.9
-1.1
-1.1
0.8
2.9
4.8
6.8
6.0
6.1
6.1
6.6
8.3
8.5
8.9
8.3
10.2
10.8
10.6
9.3
10.9
11.1
10.5
11.0
10.5
11.1
11.3
11.5
10.9
11.4
11.7
11.0
11.0
11.1
11.2
10.9
10.0
10.8
11.4
11.2
11.0
11.2
11.3
11.4
11.7
11.9
12.0
12.3
12.4
12.2
12.4
12.6
12.2
12.4
12.6
12.7
12.4
12.7
12.8
13.0
13.1
12.9
12.9
12.8
12.2
12.3
12.4
12.4
12.6
12.5
11.6
11.7
11.7
11.5
11.6
1927
1928
25.0
9.3
-12.2
-26.9
-22.9
-8.5
-10.6
-4.5
0.2
-4.9
-2.5
-3.4
-3.4
-3.2
-1.1
1.2
3.3
5.5
4.7
4.9
4.9
5.5
7.3
7.5
8.0
7.4
9.4
10.0
9.8
8.5
10.2
10.4
9.8
10.3
9.9
10.5
10.7
11.0
10.4
10.9
11.2
10.5
10.5
10.6
10.7
10.4
9.5
10.3
11.0
10.8
10.6
10.8
10.9
11.0
11.3
11.5
11.6
11.9
12.1
11.8
12.1
12.3
11.9
12.1
12.3
12.4
12.1
12.4
12.5
12.7
12.8
12.6
12.7
12.5
11.9
12.1
12.2
12.2
12.3
12.2
11.4
11.5
11.5
11.2
11.4
1928
1929
-4.4
-26.4
-38.9
-31.7
-14.1
-15.4
-8.1
-2.5
-7.8
-4.9
-5.7
-5.4
-5.1
-2.8
-0.2
2.1
4.4
3.7
3.9
4.0
4.6
6.5
6.8
7.4
6.7
8.8
9.5
9.3
8.0
9.7
10.0
9.4
9.9
9.5
10.1
10.3
10.6
10.0
10.5
10.9
10.2
10.2
10.3
10.4
10.1
9.2
10.1
10.7
10.5
10.3
10.6
10.7
10.7
11.0
11.3
11.4
11.7
11.9
11.6
11.9
12.1
11.7
11.9
12.1
12.2
11.9
12.3
12.3
12.5
12.6
12.4
12.5
12.3
11.7
11.9
12.0
12.0
12.2
12.0
11.2
11.3
11.3
11.1
11.2
1929
1930
-43.3
-51.2
-38.9
-16.3
-17.5
-8.7
-2.2
-8.2
-5.0
-5.8
-5.5
-5.2
-2.6
0.1
2.5
5.0
4.2
4.4
4.4
5.1
7.1
7.4
7.9
7.2
9.4
10.1
9.8
8.5
10.2
10.5
9.8
10.4
9.9
10.5
10.8
11.1
10.4
11.0
11.3
10.5
10.5
10.6
10.8
10.4
9.6
10.4
11.0
10.8
10.7
10.9
11.0
11.1
11.4
11.6
11.7
12.0
12.2
11.9
12.2
12.4
12.0
12.2
12.4
12.5
12.2
12.5
12.6
12.8
12.9
12.7
12.8
12.6
12.0
12.2
12.3
12.3
12.4
12.3
11.4
11.5
11.5
11.3
11.4
1930
1931
-57.9
-36.5
-4.7
-9.3
0.4
7.1
-1.7
1.4
-0.3
-0.6
-0.6
1.9
4.6
7.0
9.4
8.2
8.2
8.0
8.5
10.6
10.7
11.1
10.2
12.4
13.1
12.7
11.1
12.9
13.1
12.3
12.8
12.2
12.8
13.0
13.2
12.5
13.0
13.3
12.5
12.4
12.5
12.6
12.2
11.2
12.0
12.7
12.4
12.2
12.4
12.5
12.5
12.8
13.1
13.1
13.4
13.6
13.3
13.5
13.7
13.2
13.4
13.6
13.7
13.4
13.7
13.7
13.9
14.0
13.8
13.9
13.7
13.0
13.2
13.3
13.3
13.4
13.3
12.4
12.5
12.5
12.2
12.4
1931
1932
-4.3
43.4
17.1
24.8
29.1
13.3
15.0
11.0
9.4
8.3
10.4
12.9
14.9
17.1
15.2
14.8
14.2
14.4
16.3
16.2
16.4
15.1
17.3
17.8
17.2
15.3
17.1
17.1
16.1
16.6
15.9
16.3
16.4
16.6
15.7
16.1
16.4
15.4
15.3
15.3
15.3
14.8
13.8
14.6
15.2
14.8
14.6
14.7
14.8
14.8
15.0
15.2
15.2
15.5
15.6
15.3
15.5
15.7
15.1
15.3
15.5
15.6
15.2
15.5
15.5
15.7
15.7
15.5
15.5
15.3
14.6
14.8
14.8
14.8
14.9
14.8
13.8
13.9
13.9
13.6
13.7
1932
1933
29.6
36.3
39.1
17.2
18.5
13.4
11.3
9.8
12.0
14.6
16.7
18.9
16.8
16.2
15.5
15.6
17.6
17.4
17.5
16.2
18.4
18.9
18.2
16.2
18.0
18.0
16.9
17.4
16.6
17.1
17.1
17.3
16.4
16.8
17.0
16.0
15.8
15.8
15.9
15.3
14.2
15.0
15.6
15.3
15.0
15.2
15.2
15.2
15.4
15.7
15.7
15.9
16.0
15.7
15.9
16.1
15.5
15.7
15.8
15.9
15.6
15.9
15.8
16.0
16.1
15.8
15.9
15.6
14.9
15.1
15.1
15.1
15.2
15.0
14.1
14.2
14.1
13.8
14.0
1933
Fama/French US
Large Value Research Index
1934
-21.8
8.6
20.3
0.7
5.2
1.9
1.3
1.0
4.1
7.6
10.4
13.2
11.4
11.2
10.8
11.2
13.5
13.5
13.8
12.6
15.1
15.7
15.2
13.3
15.2
15.3
14.3
14.8
14.2
14.7
14.9
15.1
14.2
14.7
15.0
14.0
13.9
13.9
14.0
13.6
12.5
13.3
14.0
13.7
13.5
13.6
13.7
13.7
14.0
14.2
14.3
14.6
14.7
14.4
14.6
14.8
14.3
14.5
14.6
14.8
14.4
14.7
14.7
14.9
15.0
14.7
14.8
14.6
13.9
14.0
14.1
14.1
14.2
14.1
13.1
13.2
13.2
12.9
13.1
1934
1935
50.7
49.3
9.5
13.3
7.5
5.7
4.7
7.9
11.5
14.2
17.1
14.8
14.3
13.6
13.9
16.2
16.0
16.2
14.8
17.4
17.9
17.2
15.1
17.1
17.1
16.0
16.5
15.7
16.3
16.3
16.5
15.6
16.0
16.4
15.3
15.1
15.1
15.2
14.6
13.5
14.4
15.0
14.7
14.4
14.6
14.6
14.6
14.9
15.1
15.1
15.4
15.5
15.2
15.4
15.6
15.0
15.2
15.4
15.5
15.1
15.4
15.4
15.6
15.7
15.4
15.5
15.2
14.5
14.7
14.7
14.7
14.8
14.7
13.7
13.8
13.8
13.5
13.6
1935
1927–2012: Total Returns (%)
1936
47.9
-6.6
3.1
-1.3
-1.5
-1.4
2.9
7.3
10.8
14.2
11.9
11.7
11.1
11.6
14.2
14.1
14.5
13.1
15.8
16.5
15.8
13.7
15.8
15.9
14.8
15.3
14.6
15.2
15.3
15.5
14.6
15.1
15.4
14.3
14.2
14.2
14.3
13.8
12.7
13.6
14.3
13.9
13.7
13.9
13.9
13.9
14.2
14.5
14.5
14.8
14.9
14.6
14.8
15.1
14.5
14.7
14.8
15.0
14.6
14.9
14.9
15.1
15.2
14.9
15.0
14.7
14.0
14.2
14.3
14.3
14.4
14.2
13.3
13.4
13.3
13.0
13.2
1936
1937
-41.0
-13.9
-13.7
-11.0
-9.1
-3.1
2.5
6.9
10.9
8.9
8.9
8.5
9.2
12.1
12.2
12.7
11.3
14.3
15.0
14.4
12.3
14.5
14.7
13.6
14.2
13.5
14.1
14.3
14.6
13.6
14.2
14.6
13.5
13.4
13.4
13.5
13.0
11.9
12.8
13.5
13.2
13.0
13.2
13.3
13.3
13.6
13.8
13.9
14.2
14.4
14.0
14.2
14.5
13.9
14.2
14.3
14.5
14.1
14.4
14.4
14.6
14.7
14.5
14.5
14.3
13.6
13.8
13.9
13.8
14.0
13.8
12.8
13.0
12.9
12.6
12.8
1937
1938
25.6
4.4
2.1
1.3
7.0
12.5
16.3
20.1
16.5
15.7
14.7
15.0
17.8
17.4
17.6
15.8
18.8
19.4
18.5
16.0
18.2
18.2
16.9
17.4
16.5
17.1
17.1
17.3
16.2
16.7
17.0
15.8
15.6
15.6
15.7
15.1
13.8
14.8
15.4
15.1
14.8
15.0
15.0
15.0
15.2
15.5
15.5
15.8
15.9
15.5
15.7
16.0
15.4
15.6
15.7
15.8
15.4
15.7
15.7
15.9
16.0
15.7
15.8
15.5
14.7
14.9
15.0
14.9
15.1
14.9
13.9
14.0
13.9
13.6
13.8
1938
GROWTH OF $1
1939
-13.2
-8.0
-5.8
2.8
10.0
14.8
19.3
15.5
14.7
13.7
14.1
17.1
16.8
17.1
15.2
18.4
19.0
18.1
15.5
17.8
17.9
16.5
17.0
16.1
16.7
16.8
17.0
15.9
16.4
16.8
15.5
15.3
15.3
15.4
14.8
13.5
14.5
15.2
14.8
14.5
14.7
14.8
14.7
15.0
15.3
15.3
15.6
15.7
15.3
15.5
15.8
15.2
15.4
15.5
15.7
15.2
15.6
15.6
15.8
15.8
15.5
15.6
15.3
14.6
14.8
14.8
14.8
14.9
14.7
13.7
13.8
13.8
13.5
13.6
1939
$100,000
1940
-2.4
-1.8
8.8
16.7
21.5
25.8
20.3
18.8
17.1
17.2
20.4
19.8
19.8
17.6
20.9
21.4
20.2
17.3
19.7
19.7
18.2
18.6
17.6
18.2
18.2
18.4
17.1
17.6
18.0
16.6
16.4
16.3
16.4
15.7
14.4
15.4
16.1
15.7
15.3
15.5
15.5
15.5
15.8
16.0
16.0
16.3
16.4
16.0
16.2
16.5
15.8
16.0
16.2
16.3
15.8
16.2
16.1
16.3
16.4
16.1
16.1
15.9
15.1
15.3
15.3
15.3
15.4
15.2
14.2
14.3
14.2
13.9
14.0
1940
$12,910
$10,000
1941
-1.2
14.8
23.9
28.3
32.3
24.5
22.1
19.8
19.6
22.9
22.0
21.9
19.3
22.7
23.2
21.8
18.6
21.1
21.0
19.3
19.8
18.6
19.2
19.2
19.3
18.0
18.5
18.8
17.3
17.1
17.0
17.0
16.3
14.9
15.9
16.6
16.2
15.8
16.0
16.0
16.0
16.2
16.5
16.5
16.8
16.9
16.4
16.6
16.9
16.2
16.4
16.6
16.7
16.2
16.5
16.5
16.7
16.8
16.4
16.5
16.2
15.4
15.6
15.6
15.6
15.7
15.5
14.4
14.5
14.5
14.1
14.3
1941
1942
33.4
38.7
40.0
42.4
30.4
26.5
23.2
22.5
25.9
24.6
24.2
21.2
24.8
25.1
23.5
19.9
22.6
22.3
20.5
20.9
19.6
20.2
20.1
20.2
18.8
19.3
19.6
18.0
17.8
17.7
17.7
16.9
15.5
16.5
17.2
16.7
16.3
16.5
16.5
16.4
16.7
16.9
16.9
17.2
17.3
16.9
17.1
17.3
16.6
16.8
16.9
17.0
16.6
16.9
16.9
17.0
17.1
16.8
16.8
16.5
15.7
15.9
15.9
15.9
16.0
15.8
14.7
14.8
14.7
14.4
14.5
1942
$1,000
1943
44.2
43.3
45.5
29.7
25.2
21.5
21.0
25.0
23.7
23.3
20.1
24.1
24.5
22.9
19.1
21.9
21.7
19.8
20.3
19.0
19.6
19.6
19.7
18.2
18.8
19.1
17.5
17.3
17.2
17.2
16.4
14.9
16.0
16.7
16.3
15.9
16.1
16.1
16.0
16.3
16.6
16.6
16.9
17.0
16.5
16.7
17.0
16.3
16.5
16.6
16.7
16.3
16.6
16.6
16.8
16.8
16.5
16.5
16.2
15.4
15.6
15.7
15.6
15.7
15.5
14.4
14.5
14.5
14.1
14.3
1943
1944
42.5
46.1
25.2
20.9
17.5
17.6
22.5
21.3
21.2
17.9
22.4
23.0
21.3
17.5
20.6
20.4
18.5
19.1
17.8
18.5
18.5
18.7
17.2
17.8
18.2
16.6
16.4
16.3
16.4
15.6
14.1
15.2
16.0
15.5
15.2
15.4
15.4
15.4
15.7
16.0
16.0
16.3
16.4
16.0
16.2
16.5
15.7
16.0
16.1
16.2
15.8
16.1
16.1
16.3
16.4
16.0
16.1
15.8
15.0
15.2
15.2
15.2
15.3
15.1
14.0
14.1
14.1
13.7
13.9
1944
$100
1945
49.8
17.3
14.4
11.9
13.1
19.5
18.6
18.8
15.5
20.6
21.4
19.7
15.8
19.1
19.1
17.2
17.8
16.5
17.3
17.4
17.7
16.2
16.8
17.2
15.7
15.5
15.4
15.5
14.8
13.3
14.4
15.3
14.8
14.5
14.7
14.7
14.7
15.0
15.3
15.4
15.7
15.9
15.4
15.6
15.9
15.2
15.5
15.6
15.8
15.3
15.7
15.6
15.9
16.0
15.6
15.7
15.4
14.5
14.7
14.8
14.8
14.9
14.7
13.6
13.7
13.7
13.3
13.5
1945
1946
-8.1
0.0
1.5
5.5
14.2
14.0
14.9
11.8
17.7
18.8
17.3
13.3
17.1
17.2
15.3
16.1
14.8
15.7
15.9
16.2
14.8
15.5
16.0
14.4
14.3
14.3
14.4
13.7
12.2
13.4
14.3
13.9
13.5
13.8
13.9
13.9
14.2
14.5
14.6
15.0
15.1
14.7
14.9
15.3
14.5
14.8
15.0
15.1
14.7
15.1
15.1
15.3
15.4
15.1
15.1
14.8
14.0
14.2
14.3
14.3
14.4
14.2
13.1
13.3
13.2
12.9
13.0
1946
$10
1947
8.8
6.7
10.4
20.6
19.1
19.3
14.9
21.4
22.3
20.2
15.5
19.4
19.4
17.1
17.9
16.4
17.3
17.4
17.7
16.1
16.8
17.2
15.5
15.3
15.3
15.4
14.6
13.0
14.2
15.1
14.6
14.3
14.5
14.6
14.6
14.9
15.2
15.3
15.6
15.8
15.3
15.6
15.9
15.1
15.4
15.6
15.7
15.2
15.6
15.6
15.8
15.9
15.5
15.6
15.3
14.4
14.7
14.7
14.7
14.8
14.6
13.5
13.6
13.6
13.2
13.4
1947
1948
4.7
11.2
24.8
21.8
21.5
16.0
23.3
24.1
21.6
16.2
20.5
20.3
17.8
18.6
17.0
17.9
18.0
18.2
16.5
17.2
17.6
15.8
15.6
15.5
15.7
14.8
13.1
14.4
15.3
14.8
14.5
14.7
14.8
14.8
15.1
15.4
15.4
15.8
16.0
15.5
15.7
16.0
15.3
15.5
15.7
15.8
15.3
15.7
15.7
15.9
16.0
15.7
15.8
15.4
14.5
14.8
14.9
14.8
15.0
14.7
13.6
13.7
13.7
13.3
13.5
1948
$1
1949
18.1
36.2
28.1
26.1
18.4
26.7
27.1
23.8
17.5
22.2
21.8
19.0
19.7
17.9
18.8
18.8
19.0
17.1
17.9
18.3
16.4
16.1
16.0
16.1
15.2
13.5
14.8
15.7
15.2
14.8
15.1
15.1
15.1
15.4
15.7
15.7
16.1
16.3
15.8
16.0
16.3
15.5
15.8
16.0
16.1
15.6
16.0
16.0
16.2
16.3
15.9
16.0
15.7
14.7
15.0
15.0
15.0
15.1
14.9
13.7
13.9
13.8
13.4
13.6
1949
1950
56.9
33.4
28.8
18.5
28.5
28.7
24.7
17.4
22.6
22.2
19.0
19.9
17.9
18.9
18.9
19.1
17.1
17.9
18.3
16.3
16.0
15.9
16.0
15.1
13.3
14.7
15.7
15.1
14.7
15.0
15.0
15.0
15.3
15.7
15.7
16.1
16.2
15.7
16.0
16.3
15.5
15.7
15.9
16.1
15.5
15.9
15.9
16.1
16.2
15.9
15.9
15.6
14.7
14.9
15.0
14.9
15.1
14.9
13.6
13.8
13.7
13.4
13.5
1950
1951
13.4
16.7
7.9
22.2
23.6
20.0
12.7
18.9
18.9
15.8
17.0
15.1
16.3
16.5
16.9
15.0
15.9
16.5
14.5
14.3
14.3
14.5
13.6
11.7
13.2
14.3
13.8
13.4
13.7
13.8
13.8
14.2
14.6
14.6
15.1
15.3
14.8
15.0
15.4
14.6
14.9
15.1
15.3
14.7
15.2
15.2
15.4
15.5
15.1
15.2
14.9
14.0
14.2
14.3
14.3
14.5
14.2
13.0
13.2
13.1
12.8
12.9
1951
D I M E N S I O N A L F U N D A D VI S O R S
$0
1927
1952
20.2
5.2
25.3
26.4
21.4
12.5
19.7
19.6
16.1
17.3
15.3
16.6
16.8
17.2
15.1
16.1
16.7
14.5
14.3
14.3
14.5
13.6
11.7
13.2
14.3
13.8
13.4
13.7
13.8
13.8
14.3
14.6
14.7
15.1
15.3
14.8
15.1
15.5
14.6
14.9
15.1
15.3
14.8
15.2
15.2
15.4
15.6
15.2
15.3
14.9
14.0
14.2
14.3
14.3
14.5
14.3
13.0
13.2
13.1
12.8
12.9
1952
1953
-7.9
27.9
28.5
21.6
11.1
19.6
19.5
15.6
17.0
14.8
16.3
16.5
17.0
14.7
15.8
16.5
14.2
14.0
14.0
14.2
13.3
11.3
12.9
14.1
13.6
13.2
13.5
13.6
13.6
14.1
14.5
14.5
15.0
15.2
14.6
14.9
15.3
14.5
14.8
15.0
15.2
14.6
15.1
15.1
15.3
15.5
15.1
15.2
14.8
13.9
14.1
14.2
14.2
14.4
14.2
12.9
13.0
13.0
12.6
12.8
1953
2012
Data provided by Fama/French.
1954
77.8
51.8
33.5
16.4
26.0
24.8
19.4
20.6
17.6
19.0
19.0
19.3
16.7
17.7
18.3
15.8
15.5
15.4
15.5
14.5
12.3
14.0
15.2
14.6
14.1
14.4
14.5
14.5
14.9
15.3
15.3
15.8
16.0
15.4
15.7
16.1
15.1
15.5
15.7
15.8
15.2
15.7
15.7
15.9
16.0
15.6
15.7
15.4
14.4
14.6
14.7
14.7
14.8
14.6
13.3
13.5
13.4
13.0
13.2
1954
1955
29.5
15.7
1.1
15.6
16.2
11.7
14.0
11.7
13.8
14.4
15.1
12.6
14.0
14.9
12.5
12.4
12.5
12.8
11.9
9.8
11.6
12.9
12.4
12.0
12.4
12.6
12.6
13.1
13.6
13.7
14.2
14.4
13.9
14.2
14.7
13.8
14.1
14.4
14.6
14.0
14.5
14.5
14.8
14.9
14.5
14.6
14.3
13.3
13.6
13.7
13.7
13.9
13.7
12.4
12.5
12.5
12.1
12.3
1955
1956
3.3
-10.7
11.4
13.1
8.4
11.7
9.4
12.0
12.8
13.7
11.2
12.8
13.9
11.4
11.3
11.5
11.9
10.9
8.8
10.8
12.2
11.7
11.3
11.8
11.9
12.0
12.6
13.1
13.2
13.7
14.0
13.4
13.8
14.2
13.3
13.7
14.0
14.2
13.6
14.2
14.2
14.5
14.6
14.2
14.3
14.0
13.0
13.3
13.4
13.4
13.6
13.4
12.1
12.2
12.2
11.8
12.1
1956
1957
-22.8
15.6
16.6
9.8
13.4
10.4
13.3
14.0
14.9
12.1
13.7
14.8
12.0
11.9
12.1
12.5
11.4
9.1
11.2
12.6
12.1
11.7
12.1
12.3
12.4
12.9
13.4
13.5
14.1
14.3
13.8
14.1
14.6
13.7
14.0
14.3
14.5
13.9
14.4
14.5
14.7
14.9
14.5
14.6
14.3
13.2
13.5
13.6
13.6
13.8
13.6
12.2
12.4
12.4
12.0
12.2
1957
1958
73.3
43.4
23.5
24.9
18.6
20.8
20.6
20.8
16.8
18.3
19.0
15.6
15.2
15.1
15.3
14.0
11.4
13.5
14.9
14.2
13.7
14.1
14.2
14.2
14.7
15.1
15.2
15.7
15.9
15.3
15.6
16.0
15.0
15.3
15.6
15.8
15.1
15.6
15.6
15.9
16.0
15.6
15.7
15.3
14.2
14.5
14.6
14.5
14.7
14.5
13.1
13.2
13.2
12.8
13.0
1958
1959
18.6
4.2
11.9
7.9
12.4
13.5
14.7
11.2
13.3
14.6
11.4
11.3
11.5
12.0
10.9
8.3
10.7
12.3
11.7
11.3
11.8
12.0
12.1
12.7
13.3
13.4
14.0
14.3
13.6
14.0
14.5
13.5
13.9
14.2
14.4
13.8
14.4
14.4
14.7
14.9
14.4
14.6
14.2
13.1
13.4
13.6
13.5
13.7
13.5
12.1
12.3
12.3
11.9
12.1
1959
1960
-8.5
8.8
4.5
10.9
12.5
14.1
10.2
12.7
14.2
10.7
10.7
11.0
11.5
10.3
7.7
10.2
12.0
11.3
10.9
11.5
11.7
11.8
12.5
13.0
13.2
13.8
14.1
13.5
13.9
14.4
13.4
13.8
14.1
14.3
13.7
14.3
14.3
14.6
14.8
14.3
14.5
14.1
13.0
13.3
13.4
13.4
13.6
13.4
12.0
12.2
12.1
11.7
12.0
1960
1961
29.2
11.7
18.2
18.4
19.2
13.6
16.1
17.4
13.0
12.8
12.9
13.4
11.9
8.9
11.6
13.4
12.6
12.1
12.7
12.8
12.9
13.5
14.1
14.2
14.8
15.1
14.4
14.8
15.3
14.2
14.6
14.9
15.1
14.4
15.0
15.0
15.3
15.4
15.0
15.1
14.7
13.5
13.9
14.0
14.0
14.2
13.9
12.4
12.6
12.6
12.2
12.4
1961
1962
-3.4
13.1
15.1
16.9
10.7
14.0
15.8
11.2
11.1
11.4
12.0
10.6
7.5
10.4
12.4
11.7
11.2
11.8
12.0
12.1
12.8
13.4
13.6
14.3
14.5
13.8
14.3
14.8
13.7
14.1
14.4
14.7
14.0
14.6
14.6
14.9
15.1
14.6
14.8
14.4
13.2
13.5
13.7
13.6
13.8
13.6
12.1
12.3
12.3
11.9
12.1
1962
1963
32.3
25.6
24.5
14.6
17.9
19.4
13.4
13.1
13.2
13.7
12.0
8.5
11.5
13.6
12.8
12.2
12.8
13.0
13.0
13.7
14.3
14.4
15.1
15.3
14.6
15.0
15.5
14.4
14.8
15.1
15.3
14.6
15.2
15.2
15.5
15.7
15.2
15.3
14.9
13.6
14.0
14.1
14.1
14.3
14.0
12.5
12.7
12.6
12.2
12.4
1963
1964
19.2
20.8
9.2
14.5
16.9
10.6
10.5
11.0
11.8
10.1
6.6
10.0
12.3
11.5
10.9
11.6
11.9
12.0
12.8
13.5
13.6
14.4
14.7
13.9
14.4
14.9
13.7
14.2
14.5
14.8
14.1
14.7
14.7
15.0
15.2
14.7
14.8
14.4
13.2
13.5
13.7
13.7
13.9
13.6
12.1
12.3
12.2
11.8
12.1
1964
1965
22.4
4.5
13.0
16.4
8.9
9.2
9.9
10.9
9.1
5.4
9.2
11.7
10.9
10.4
11.2
11.5
11.6
12.5
13.2
13.3
14.1
14.5
13.7
14.2
14.8
13.5
14.0
14.4
14.6
13.9
14.6
14.6
14.9
15.1
14.6
14.7
14.3
13.0
13.4
13.6
13.5
13.8
13.5
11.9
12.1
12.1
11.7
11.9
1965
1966
-10.8
8.6
14.4
5.8
6.7
7.9
9.3
7.6
3.6
7.9
10.8
10.0
9.5
10.4
10.8
11.0
11.9
12.7
12.9
13.7
14.1
13.3
13.8
14.5
13.2
13.7
14.1
14.4
13.6
14.3
14.3
14.7
14.9
14.4
14.5
14.1
12.8
13.2
13.3
13.3
13.6
13.3
11.7
11.9
11.9
11.4
11.7
1966
1967
32.2
29.6
11.9
11.6
12.1
13.1
10.5
5.6
10.2
13.2
12.1
11.4
12.2
12.5
12.6
13.5
14.3
14.4
15.2
15.5
14.6
15.1
15.7
14.3
14.8
15.2
15.4
14.6
15.3
15.3
15.6
15.8
15.2
15.4
14.9
13.5
13.9
14.1
14.0
14.2
14.0
12.3
12.5
12.5
12.0
12.3
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
27.0
3.0
5.4
7.6
9.7
7.3
2.2
7.7
11.3
10.3
9.7
10.7
11.1
11.3
12.4
13.2
13.4
14.3
14.7
13.8
14.3
15.0
13.6
14.1
14.5
14.8
14.0
14.7
14.7
15.1
15.3
14.7
14.9
14.4
13.0
13.4
13.6
13.6
13.8
13.5
11.8
12.1
12.0
11.6
11.9
1968
1969
-16.4
-3.9
1.8
5.7
3.7
-1.4
5.2
9.5
8.6
8.1
9.3
9.9
10.2
11.4
12.4
12.6
13.6
14.0
13.1
13.7
14.5
13.0
13.6
14.0
14.4
13.5
14.3
14.3
14.7
14.9
14.4
14.5
14.1
12.7
13.1
13.3
13.2
13.5
13.2
11.5
11.7
11.7
11.2
11.5
1969
1970
10.5
12.4
14.3
9.4
1.9
9.4
13.8
12.2
11.2
12.3
12.7
12.8
13.9
14.8
14.8
15.8
16.1
15.0
15.6
16.3
14.7
15.2
15.6
15.9
14.9
15.7
15.6
16.0
16.2
15.6
15.7
15.2
13.7
14.1
14.2
14.2
14.4
14.1
12.3
12.6
12.5
12.0
12.3
1970
1971
14.4
16.3
9.1
-0.1
9.2
14.4
12.4
11.3
12.5
12.9
13.0
14.2
15.1
15.2
16.2
16.5
15.3
15.9
16.6
14.9
15.4
15.8
16.1
15.1
15.9
15.8
16.2
16.4
15.8
15.9
15.3
13.8
14.2
14.4
14.3
14.5
14.2
12.4
12.6
12.5
12.0
12.3
1971
1972
18.2
6.5
-4.5
7.9
14.4
12.1
10.9
12.3
12.7
12.9
14.1
15.2
15.2
16.3
16.7
15.4
16.0
16.7
14.9
15.5
15.9
16.2
15.1
15.9
15.9
16.3
16.5
15.8
15.9
15.4
13.8
14.2
14.4
14.3
14.5
14.2
12.3
12.6
12.5
12.0
12.3
1972
1973
-4.0
-14.2
4.6
13.4
10.9
9.7
11.4
12.1
12.3
13.7
14.9
15.0
16.2
16.5
15.2
15.8
16.6
14.7
15.4
15.8
16.1
15.0
15.8
15.8
16.2
16.4
15.7
15.8
15.3
13.6
14.1
14.2
14.2
14.4
14.1
12.1
12.4
12.4
11.8
12.1
1973
1974
-23.2
9.3
19.9
15.0
12.7
14.3
14.6
14.5
15.9
17.0
16.9
18.0
18.3
16.7
17.3
18.1
15.9
16.5
16.9
17.2
16.0
16.8
16.7
17.2
17.3
16.5
16.7
16.0
14.3
14.7
14.9
14.8
15.1
14.7
12.6
12.9
12.8
12.3
12.6
1974
1975
55.5
49.9
31.6
24.0
23.7
22.5
21.2
22.0
22.6
21.9
22.8
22.6
20.5
20.9
21.5
19.0
19.4
19.7
19.8
18.4
19.2
19.0
19.3
19.4
18.5
18.5
17.8
15.9
16.3
16.4
16.3
16.5
16.1
13.9
14.2
14.0
13.4
13.7
1975
1976
44.5
21.0
15.0
16.8
16.8
16.3
17.9
19.0
18.6
19.9
20.0
18.0
18.6
19.4
16.9
17.5
17.9
18.1
16.7
17.6
17.5
17.9
18.1
17.2
17.3
16.5
14.7
15.1
15.3
15.2
15.4
15.0
12.8
13.1
13.0
12.4
12.8
1976
1977
1.3
2.6
8.9
10.7
11.4
13.9
15.7
15.8
17.4
17.8
15.8
16.7
17.6
15.1
15.9
16.4
16.7
15.3
16.4
16.3
16.8
17.0
16.1
16.3
15.6
13.6
14.1
14.4
14.3
14.6
14.2
12.0
12.3
12.2
11.6
12.0
1977
1978
3.8
12.8
14.0
14.0
16.6
18.3
18.0
19.6
19.8
17.4
18.2
19.1
16.2
17.0
17.5
17.8
16.2
17.3
17.1
17.6
17.8
16.8
16.9
16.2
14.2
14.7
14.9
14.8
15.1
14.7
12.3
12.7
12.6
12.0
12.3
1978
1979
22.6
19.5
17.7
20.1
21.5
20.5
22.1
22.0
19.0
19.7
20.6
17.3
18.1
18.5
18.7
17.0
18.1
17.9
18.4
18.5
17.5
17.6
16.8
14.6
15.1
15.3
15.2
15.5
15.0
12.6
12.9
12.9
12.2
12.6
1979
1980
16.5
15.3
19.2
21.2
20.1
22.0
21.9
18.6
19.4
20.4
16.9
17.7
18.2
18.5
16.7
17.8
17.6
18.2
18.3
17.2
17.3
16.5
14.3
14.8
15.0
14.9
15.2
14.8
12.3
12.6
12.6
11.9
12.3
1980
1981
14.2
20.7
22.8
21.1
23.1
22.8
18.9
19.8
20.9
16.9
17.8
18.3
18.6
16.7
17.9
17.7
18.3
18.4
17.3
17.4
16.5
14.2
14.8
15.0
14.8
15.2
14.7
12.2
12.5
12.4
11.8
12.1
1981
1982
27.5
27.3
23.4
25.4
24.6
19.7
20.6
21.7
17.2
18.2
18.7
19.0
16.9
18.2
18.0
18.5
18.7
17.5
17.6
16.6
14.2
14.8
15.0
14.9
15.2
14.7
12.1
12.5
12.4
11.7
12.1
1982
1983
27.2
21.4
24.8
23.9
18.2
19.5
20.9
16.0
17.2
17.9
18.3
16.0
17.5
17.3
17.9
18.1
16.9
17.0
16.1
13.6
14.2
14.5
14.4
14.7
14.3
11.5
11.9
11.9
11.2
11.6
1983
1984
16.0
23.6
22.8
16.0
18.0
19.9
14.5
16.0
16.9
17.4
15.1
16.7
16.6
17.3
17.6
16.3
16.5
15.5
12.9
13.6
13.9
13.8
14.2
13.8
10.9
11.4
11.3
10.6
11.1
1984
1985
31.6
26.4
16.1
18.5
20.7
14.3
16.0
17.0
17.6
15.0
16.8
16.6
17.4
17.7
16.3
16.5
15.5
12.7
13.5
13.8
13.7
14.2
13.7
10.7
11.2
11.2
10.4
10.9
1985
1986
21.4
9.0
14.4
18.1
11.1
13.6
15.1
15.9
13.3
15.4
15.4
16.3
16.7
15.3
15.6
14.5
11.7
12.5
12.9
12.9
13.4
12.9
9.9
10.4
10.4
9.7
10.2
1986
1987
-2.1
11.1
17.1
8.6
12.1
14.0
15.2
12.3
14.8
14.8
15.9
16.3
14.8
15.1
14.1
11.1
12.0
12.5
12.4
13.0
12.5
9.4
10.0
10.0
9.3
9.8
1987
1988
26.1
28.0
12.5
16.0
17.6
18.3
14.5
17.1
16.8
17.8
18.1
16.4
16.6
15.3
12.1
13.0
13.4
13.3
13.9
13.3
10.0
10.6
10.5
9.8
10.3
1988
1989
30.1
6.2
12.8
15.5
16.8
12.7
15.9
15.7
16.9
17.3
15.5
15.8
14.5
11.1
12.2
12.6
12.6
13.2
12.7
9.3
9.9
9.9
9.1
9.7
1989
1990
-13.2
5.1
11.1
13.8
9.5
13.6
13.8
15.4
16.0
14.2
14.6
13.3
9.8
11.0
11.6
11.6
12.3
11.8
8.3
8.9
9.0
8.2
8.9
1990
1991
27.2
25.7
24.5
16.1
19.9
19.0
20.2
20.3
17.7
17.9
16.1
12.0
13.1
13.6
13.5
14.1
13.5
9.6
10.3
10.3
9.4
10.0
1991
1992
24.1
23.2
12.6
18.2
17.5
19.1
19.3
16.5
16.9
15.1
10.7
12.0
12.6
12.6
13.3
12.6
8.6
9.4
9.4
8.6
9.3
1992
MATR IX BOOK 2013
1993
22.2
7.3
16.3
15.9
18.1
18.6
15.5
16.0
14.1
9.4
11.0
11.7
11.7
12.6
11.9
7.7
8.6
8.7
7.8
8.6
1993
1994
-5.8
13.4
13.8
17.1
17.8
14.4
15.1
13.1
8.1
9.9
10.8
10.9
11.8
11.2
6.8
7.8
7.9
7.0
7.9
1994
1995
36.6
25.2
25.9
24.6
19.0
19.0
16.1
9.9
11.8
12.6
12.5
13.5
12.6
7.8
8.7
8.8
7.8
8.7
1995
1996
14.7
20.8
20.9
14.9
15.8
13.0
6.6
9.0
10.2
10.4
11.6
10.9
5.9
7.0
7.2
6.3
7.3
1996
1997
27.3
24.1
15.0
16.1
12.7
5.3
8.3
9.7
9.9
11.3
10.5
5.2
6.4
6.7
5.7
6.8
1997
1998
21.0
9.3
12.6
9.3
1.4
5.4
7.4
7.9
9.6
9.0
3.3
4.8
5.2
4.3
5.6
1998
1999
-1.3
8.6
5.6
-3.0
2.5
5.2
6.2
8.2
7.7
1.7
3.5
4.0
3.2
4.6
1999
2000
19.5
9.3
-3.6
3.5
6.6
7.5
9.7
8.9
2.1
4.0
4.5
3.5
5.0
2000
2001
0.0
-13.4
-1.4
3.6
5.2
8.1
7.4
0.1
2.4
3.1
2.2
3.9
2001
2002
-25.0
-2.1
4.8
6.6
9.8
8.7
0.1
2.7
3.5
2.4
4.3
2002
2003
27.8
23.9
19.8
20.8
17.1
5.0
7.4
7.7
6.0
7.8
2003
2004
20.1
16.0
18.6
14.6
1.0
4.3
5.1
3.6
5.7
2004
2005
12.0
17.8
12.8
-3.3
1.4
2.8
1.4
4.1
2005
2006
24.0
13.2
-8.0
-1.1
1.1
-0.3
3.0
2006
2007
3.3
-20.7
-8.2
-3.9
-4.5
-0.1
2007
2008
-39.1
-13.5
-6.2
-6.4
-0.8
2008
2009
22.9 2010
16.4 10.2 2011
8.1 1.4 -6.8 2012
12.0 8.7 7.9 24.9
2009 2010 2011 2012
23

14. 1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
24
1927
35.6
38.9
6.8
-9.6
-20.3
-16.8
-4.1
-2.6
2.4
8.1
0.7
2.6
2.1
1.2
0.8
2.6
6.5
8.6
11.3
10.2
10.0
9.4
9.9
11.4
11.4
11.3
10.6
12.1
12.5
12.3
11.3
12.8
12.9
12.3
12.8
12.2
12.6
12.9
13.6
13.0
14.1
14.8
13.6
13.5
13.5
13.3
12.3
11.5
12.3
13.1
13.3
13.5
13.9
14.1
14.1
14.6
15.1
15.0
15.2
15.2
14.8
15.1
15.1
14.4
14.7
15.0
15.2
14.9
15.2
15.3
15.6
15.4
15.3
15.4
15.5
15.1
15.6
15.7
15.6
15.7
15.3
14.6
14.8
15.0
14.7
14.8
1927
1928
42.4
-5.2
-21.1
-30.2
-24.6
-9.4
-7.1
-1.1
5.4
-2.2
0.1
-0.3
-1.1
-1.4
0.7
4.9
7.2
10.0
9.0
8.8
8.3
8.8
10.4
10.5
10.4
9.7
11.4
11.8
11.6
10.6
12.1
12.3
11.7
12.2
11.6
12.0
12.3
13.0
12.4
13.6
14.3
13.1
13.0
13.0
12.9
11.8
11.1
11.9
12.7
12.9
13.1
13.5
13.7
13.8
14.2
14.8
14.6
14.9
14.9
14.5
14.8
14.8
14.1
14.4
14.7
14.9
14.7
14.9
15.0
15.3
15.1
15.0
15.1
15.2
14.8
15.4
15.5
15.4
15.5
15.1
14.4
14.6
14.7
14.5
14.5
1928
1929
-36.8
-41.2
-44.9
-35.6
-17.3
-13.5
-6.1
1.5
-6.2
-3.4
-3.4
-4.0
-4.1
-1.7
2.8
5.3
8.4
7.4
7.3
6.8
7.5
9.1
9.3
9.3
8.6
10.3
10.8
10.6
9.6
11.2
11.4
10.8
11.4
10.8
11.3
11.6
12.3
11.8
12.9
13.7
12.5
12.4
12.4
12.3
11.2
10.5
11.3
12.2
12.4
12.6
13.0
13.2
13.3
13.8
14.3
14.2
14.5
14.5
14.1
14.4
14.4
13.7
14.0
14.3
14.5
14.3
14.5
14.7
15.0
14.8
14.7
14.8
14.9
14.5
15.1
15.2
15.1
15.2
14.8
14.1
14.3
14.4
14.2
14.2
1929
1930
-45.3
-48.6
-35.3
-11.5
-7.9
0.3
8.6
-1.4
1.3
0.7
-0.3
-0.7
1.7
6.4
8.9
12.1
10.8
10.5
9.8
10.3
12.0
12.0
11.9
11.1
12.8
13.2
13.0
11.8
13.4
13.6
12.9
13.4
12.7
13.1
13.4
14.1
13.5
14.7
15.4
14.1
14.0
14.0
13.8
12.7
11.8
12.7
13.5
13.7
13.9
14.4
14.5
14.6
15.0
15.6
15.4
15.7
15.7
15.3
15.5
15.5
14.7
15.1
15.4
15.6
15.3
15.6
15.7
16.0
15.7
15.6
15.7
15.8
15.4
16.0
16.1
16.0
16.1
15.7
14.9
15.1
15.3
15.0
15.1
1930
1931
-51.7
-29.5
3.9
4.9
13.3
21.8
7.2
9.4
7.8
5.8
4.8
7.1
12.0
14.4
17.6
15.9
15.2
14.1
14.5
16.1
15.9
15.6
14.5
16.3
16.6
16.2
14.8
16.4
16.5
15.6
16.1
15.2
15.6
15.9
16.6
15.8
17.0
17.7
16.3
16.1
16.0
15.8
14.6
13.7
14.5
15.4
15.5
15.7
16.1
16.2
16.2
16.7
17.2
17.0
17.3
17.3
16.8
17.0
17.0
16.2
16.5
16.8
17.0
16.7
16.9
17.0
17.3
17.0
16.9
17.0
17.1
16.7
17.2
17.3
17.2
17.2
16.8
16.0
16.2
16.4
16.0
16.1
1931
1932
2.8
52.4
35.9
40.2
46.5
22.4
23.0
19.2
15.5
13.3
15.1
20.2
22.3
25.3
22.8
21.6
20.0
20.1
21.6
21.1
20.5
19.1
20.8
20.9
20.3
18.7
20.3
20.2
19.2
19.6
18.5
18.8
19.0
19.6
18.7
19.9
20.5
19.0
18.7
18.6
18.3
16.9
16.0
16.8
17.6
17.7
17.8
18.2
18.3
18.3
18.7
19.2
19.0
19.2
19.2
18.6
18.8
18.8
17.9
18.3
18.5
18.7
18.3
18.5
18.6
18.9
18.6
18.4
18.5
18.5
18.1
18.7
18.7
18.6
18.6
18.2
17.3
17.5
17.7
17.3
17.4
1932
1933
56.2
55.4
60.1
26.8
26.7
21.8
17.2
14.5
16.4
21.9
24.0
27.2
24.4
23.0
21.2
21.2
22.7
22.2
21.5
20.0
21.7
21.8
21.1
19.3
21.0
20.9
19.8
20.2
19.1
19.4
19.5
20.2
19.2
20.4
21.1
19.5
19.2
19.0
18.7
17.3
16.3
17.1
18.0
18.1
18.2
18.6
18.7
18.6
19.1
19.6
19.3
19.6
19.5
18.9
19.2
19.1
18.2
18.5
18.8
18.9
18.6
18.8
18.9
19.2
18.8
18.7
18.7
18.8
18.3
18.9
18.9
18.8
18.9
18.4
17.5
17.7
17.9
17.5
17.6
1933
Fama/French US
Small Value Research Index
1934
8.0
28.9
42.7
9.8
12.8
9.9
6.7
5.2
8.2
14.6
17.5
21.3
18.8
17.8
16.3
16.6
18.4
18.1
17.6
16.2
18.1
18.4
17.9
16.2
18.0
18.0
17.0
17.5
16.5
16.9
17.1
17.8
17.0
18.2
18.9
17.4
17.1
17.1
16.8
15.4
14.4
15.3
16.2
16.4
16.5
16.9
17.0
17.1
17.5
18.1
17.9
18.1
18.1
17.5
17.8
17.8
16.9
17.2
17.5
17.7
17.4
17.6
17.7
18.0
17.7
17.5
17.6
17.7
17.2
17.8
17.9
17.7
17.8
17.4
16.5
16.7
16.9
16.5
16.6
1934
1935
53.9
64.1
10.4
14.1
10.2
6.5
4.8
8.2
15.4
18.5
22.6
19.8
18.6
16.9
17.2
19.1
18.7
18.1
16.7
18.7
18.9
18.3
16.6
18.4
18.4
17.4
17.9
16.8
17.2
17.4
18.2
17.3
18.5
19.3
17.7
17.4
17.3
17.0
15.6
14.6
15.5
16.4
16.6
16.7
17.2
17.3
17.3
17.7
18.3
18.1
18.3
18.3
17.7
18.0
17.9
17.0
17.4
17.7
17.8
17.5
17.8
17.9
18.2
17.8
17.7
17.8
17.8
17.4
18.0
18.0
17.9
18.0
17.5
16.6
16.9
17.0
16.7
16.7
1935
1927–2012: Total Returns (%)
1936
74.9
-6.5
3.2
1.4
-1.1
-1.7
2.9
11.3
15.1
19.8
17.1
16.0
14.5
14.9
17.1
16.8
16.3
14.9
17.1
17.4
16.9
15.1
17.1
17.1
16.1
16.7
15.6
16.1
16.3
17.1
16.2
17.6
18.4
16.8
16.5
16.4
16.2
14.7
13.7
14.7
15.6
15.8
15.9
16.4
16.5
16.6
17.0
17.6
17.4
17.7
17.7
17.1
17.4
17.4
16.4
16.8
17.1
17.3
17.0
17.2
17.3
17.7
17.3
17.2
17.3
17.4
16.9
17.5
17.6
17.4
17.5
17.1
16.2
16.4
16.6
16.2
16.3
1936
1937
-50.1
-20.7
-15.5
-14.3
-12.4
-5.8
4.3
9.2
14.9
12.4
11.8
10.5
11.3
13.8
13.7
13.4
12.1
14.5
15.0
14.5
12.8
15.0
15.1
14.2
14.8
13.8
14.3
14.7
15.5
14.7
16.1
16.9
15.4
15.1
15.1
14.9
13.4
12.5
13.4
14.4
14.6
14.8
15.3
15.5
15.5
16.0
16.6
16.5
16.8
16.7
16.2
16.5
16.5
15.6
16.0
16.3
16.5
16.2
16.4
16.6
16.9
16.6
16.4
16.5
16.6
16.2
16.8
16.9
16.8
16.9
16.4
15.5
15.8
15.9
15.6
15.7
1937
1938
26.0
10.0
2.7
0.8
6.9
17.9
22.1
27.5
23.1
21.1
18.7
19.0
21.2
20.5
19.7
17.9
20.2
20.4
19.6
17.5
19.6
19.6
18.3
18.9
17.6
18.0
18.2
19.0
18.0
19.4
20.2
18.4
18.0
17.9
17.6
16.1
14.9
15.9
16.9
17.0
17.2
17.7
17.7
17.8
18.2
18.8
18.6
18.9
18.8
18.2
18.4
18.4
17.4
17.8
18.1
18.3
17.9
18.2
18.3
18.6
18.2
18.0
18.1
18.2
17.7
18.3
18.4
18.2
18.3
17.8
16.9
17.1
17.3
16.9
17.0
1938
GROWTH OF $1
1939
-4.0
-7.3
-6.4
2.6
16.4
21.5
27.7
22.7
20.6
18.0
18.4
20.8
20.1
19.3
17.4
19.8
20.1
19.3
17.1
19.3
19.3
18.0
18.6
17.3
17.7
17.9
18.8
17.7
19.2
20.0
18.2
17.8
17.7
17.4
15.8
14.7
15.7
16.7
16.8
17.0
17.5
17.6
17.6
18.1
18.7
18.4
18.7
18.6
18.0
18.3
18.3
17.3
17.7
18.0
18.1
17.8
18.0
18.1
18.4
18.1
17.9
18.0
18.1
17.6
18.2
18.3
18.1
18.2
17.7
16.8
17.0
17.2
16.8
16.9
1939
$100,000
1940
-10.5
-7.6
4.9
22.1
27.3
34.0
27.1
24.1
20.8
20.9
23.3
22.4
21.3
19.1
21.6
21.8
20.8
18.4
20.7
20.6
19.2
19.7
18.3
18.7
18.9
19.7
18.6
20.1
20.9
19.0
18.6
18.5
18.1
16.4
15.2
16.3
17.3
17.4
17.5
18.1
18.1
18.1
18.6
19.2
19.0
19.3
19.2
18.5
18.8
18.7
17.7
18.1
18.4
18.6
18.2
18.5
18.6
18.9
18.5
18.3
18.4
18.5
18.0
18.6
18.6
18.5
18.6
18.1
17.1
17.4
17.5
17.1
17.2
1940
$139,603
$10,000
1941
-4.6
13.6
35.5
39.0
45.2
34.7
30.0
25.4
25.0
27.4
25.9
24.4
21.7
24.3
24.3
23.1
20.4
22.7
22.5
20.9
21.4
19.8
20.2
20.3
21.1
19.9
21.4
22.2
20.2
19.7
19.5
19.1
17.4
16.1
17.1
18.2
18.3
18.4
18.9
19.0
18.9
19.4
20.0
19.7
20.0
19.9
19.3
19.5
19.4
18.4
18.8
19.1
19.2
18.8
19.1
19.1
19.5
19.1
18.9
18.9
19.0
18.5
19.1
19.2
19.0
19.1
18.5
17.6
17.8
18.0
17.6
17.6
1941
1942
35.3
61.5
57.7
61.3
44.3
36.9
30.4
29.3
31.5
29.5
27.5
24.2
26.9
26.7
25.2
22.1
24.6
24.2
22.4
22.8
21.1
21.5
21.6
22.4
21.0
22.5
23.4
21.2
20.6
20.4
20.0
18.1
16.8
17.8
18.9
19.0
19.1
19.6
19.6
19.6
20.1
20.7
20.4
20.6
20.5
19.8
20.1
20.0
18.9
19.3
19.6
19.7
19.3
19.6
19.6
19.9
19.5
19.3
19.4
19.4
18.9
19.5
19.6
19.4
19.5
18.9
18.0
18.2
18.3
17.9
18.0
1942
$1,000
1943
92.8
70.2
71.1
46.7
37.3
29.6
28.4
31.1
28.8
26.7
23.3
26.2
26.0
24.5
21.3
23.9
23.6
21.7
22.2
20.4
20.8
21.0
21.8
20.4
22.1
22.9
20.7
20.2
20.0
19.5
17.6
16.3
17.3
18.4
18.6
18.7
19.2
19.3
19.2
19.7
20.3
20.0
20.3
20.2
19.5
19.8
19.7
18.6
19.0
19.3
19.4
19.0
19.3
19.4
19.7
19.3
19.1
19.1
19.2
18.7
19.3
19.3
19.2
19.2
18.7
17.7
17.9
18.1
17.7
17.7
1943
1944
50.3
61.2
34.0
26.1
19.7
20.0
24.0
22.5
21.0
17.9
21.4
21.7
20.4
17.4
20.3
20.2
18.5
19.2
17.5
18.0
18.3
19.3
18.0
19.8
20.7
18.5
18.1
17.9
17.6
15.7
14.4
15.5
16.7
16.9
17.0
17.6
17.7
17.7
18.3
18.9
18.7
19.0
18.9
18.2
18.5
18.5
17.3
17.8
18.1
18.3
17.9
18.2
18.3
18.6
18.2
18.1
18.1
18.2
17.7
18.4
18.4
18.3
18.3
17.8
16.8
17.1
17.2
16.8
16.9
1944
$100
1945
72.8
26.5
18.9
13.1
14.7
20.1
19.0
17.7
14.8
18.9
19.3
18.2
15.2
18.4
18.4
16.7
17.5
15.9
16.6
16.9
18.0
16.7
18.6
19.6
17.4
17.0
16.9
16.5
14.6
13.3
14.6
15.8
16.0
16.2
16.8
16.9
16.9
17.5
18.2
18.0
18.3
18.2
17.6
17.9
17.8
16.7
17.2
17.5
17.7
17.3
17.6
17.7
18.1
17.7
17.5
17.6
17.7
17.2
17.9
17.9
17.8
17.9
17.4
16.4
16.6
16.8
16.4
16.5
1945
1946
-7.5
-1.4
-1.8
3.6
11.7
11.8
11.4
9.0
14.0
15.0
14.2
11.3
15.0
15.3
13.7
14.8
13.2
14.0
14.5
15.8
14.5
16.6
17.7
15.5
15.2
15.1
14.8
13.0
11.7
13.0
14.3
14.6
14.8
15.4
15.6
15.7
16.3
17.1
16.8
17.2
17.1
16.5
16.8
16.8
15.7
16.2
16.6
16.8
16.4
16.7
16.9
17.2
16.9
16.7
16.8
16.9
16.4
17.1
17.2
17.0
17.1
16.6
15.6
15.9
16.1
15.7
15.8
1946
$10
1947
5.2
1.1
7.5
17.1
16.1
14.9
11.6
17.1
17.8
16.6
13.2
17.1
17.2
15.4
16.4
14.6
15.4
15.9
17.2
15.8
17.9
19.0
16.6
16.2
16.1
15.8
13.8
12.5
13.8
15.1
15.4
15.6
16.2
16.4
16.4
17.0
17.8
17.5
17.9
17.8
17.1
17.5
17.4
16.3
16.8
17.2
17.4
17.0
17.3
17.4
17.8
17.4
17.2
17.3
17.4
16.9
17.6
17.7
17.5
17.6
17.1
16.0
16.3
16.5
16.1
16.2
1947
1948
-2.7
8.7
21.4
19.0
17.0
12.7
18.9
19.5
18.0
14.0
18.3
18.3
16.2
17.3
15.3
16.1
16.6
17.9
16.4
18.5
19.7
17.2
16.7
16.6
16.2
14.2
12.7
14.1
15.5
15.7
15.9
16.6
16.7
16.8
17.4
18.2
17.9
18.3
18.2
17.5
17.8
17.8
16.6
17.1
17.4
17.6
17.2
17.5
17.7
18.1
17.7
17.5
17.6
17.6
17.1
17.8
17.9
17.7
17.8
17.3
16.2
16.5
16.7
16.3
16.4
1948
$1
1949
21.5
35.6
27.3
22.5
16.1
22.9
23.1
20.9
16.1
20.6
20.4
17.9
19.0
16.7
17.5
17.9
19.2
17.5
19.8
21.0
18.2
17.7
17.6
17.1
14.9
13.4
14.8
16.2
16.4
16.6
17.3
17.4
17.4
18.1
18.8
18.5
18.9
18.8
18.0
18.3
18.3
17.1
17.6
17.9
18.1
17.7
18.0
18.1
18.5
18.1
17.9
18.0
18.1
17.5
18.2
18.3
18.1
18.2
17.6
16.6
16.9
17.0
16.6
16.7
1949
1950
51.3
30.3
22.9
14.8
23.2
23.3
20.8
15.4
20.5
20.3
17.6
18.7
16.4
17.2
17.6
19.1
17.3
19.7
21.0
18.1
17.5
17.4
16.9
14.6
13.1
14.5
16.0
16.2
16.4
17.1
17.3
17.3
18.0
18.8
18.4
18.8
18.7
17.9
18.3
18.2
17.0
17.5
17.9
18.1
17.6
17.9
18.1
18.5
18.0
17.8
17.9
18.0
17.4
18.2
18.2
18.1
18.2
17.6
16.5
16.8
17.0
16.5
16.6
1950
1951
12.3
10.7
4.7
17.0
18.4
16.3
11.0
17.2
17.3
14.7
16.2
13.8
14.9
15.6
17.2
15.4
18.0
19.5
16.6
16.1
16.0
15.6
13.2
11.7
13.3
14.8
15.1
15.3
16.1
16.3
16.3
17.0
17.9
17.6
18.0
17.9
17.2
17.5
17.5
16.2
16.8
17.2
17.4
17.0
17.3
17.4
17.8
17.4
17.2
17.3
17.4
16.9
17.6
17.7
17.5
17.6
17.1
16.0
16.3
16.5
16.0
16.1
1951
D I M E N S I O N A L F U N D A D VI S O R S
$0
1927
1952
9.2
1.1
18.6
19.9
17.1
10.8
17.9
17.9
15.0
16.6
14.0
15.2
15.8
17.5
15.7
18.4
19.9
16.8
16.3
16.2
15.7
13.3
11.7
13.3
14.9
15.2
15.5
16.2
16.4
16.5
17.2
18.1
17.8
18.2
18.1
17.3
17.6
17.6
16.3
16.9
17.3
17.5
17.1
17.4
17.5
18.0
17.5
17.3
17.4
17.5
17.0
17.7
17.8
17.6
17.7
17.2
16.0
16.3
16.5
16.1
16.2
1952
1953
-6.4
23.6
23.8
19.2
11.2
19.4
19.2
15.7
17.4
14.5
15.7
16.4
18.2
16.1
19.0
20.6
17.3
16.7
16.5
16.1
13.5
11.8
13.5
15.1
15.5
15.7
16.5
16.7
16.7
17.5
18.4
18.0
18.5
18.3
17.5
17.9
17.9
16.5
17.1
17.5
17.7
17.3
17.6
17.7
18.2
17.7
17.5
17.6
17.7
17.1
17.9
18.0
17.8
17.9
17.3
16.2
16.5
16.7
16.2
16.3
1953
2012
Data provided by Fama/French.
1954
63.3
42.3
29.2
16.1
25.3
24.1
19.3
20.8
17.1
18.2
18.7
20.5
18.1
21.1
22.7
18.9
18.2
18.0
17.4
14.6
12.7
14.5
16.2
16.5
16.7
17.5
17.6
17.7
18.4
19.3
18.9
19.3
19.2
18.3
18.7
18.6
17.2
17.8
18.2
18.4
17.9
18.2
18.4
18.8
18.3
18.1
18.2
18.3
17.7
18.4
18.5
18.3
18.4
17.8
16.6
16.9
17.1
16.6
16.7
1954
1955
24.0
15.0
3.6
17.3
17.5
13.2
15.7
12.3
14.0
15.0
17.2
14.9
18.4
20.2
16.4
15.8
15.7
15.2
12.5
10.7
12.6
14.4
14.8
15.1
16.0
16.2
16.2
17.0
18.0
17.7
18.1
18.0
17.2
17.6
17.5
16.1
16.7
17.2
17.4
17.0
17.3
17.5
17.9
17.5
17.2
17.4
17.5
16.8
17.7
17.8
17.6
17.7
17.1
15.9
16.2
16.4
16.0
16.1
1955
1956
6.6
-5.4
15.2
15.9
11.2
14.3
10.7
12.8
14.0
16.6
14.1
17.9
19.9
15.9
15.3
15.2
14.7
11.9
10.0
12.0
14.0
14.4
14.7
15.6
15.9
16.0
16.8
17.8
17.5
17.9
17.8
17.0
17.4
17.3
15.9
16.5
17.0
17.3
16.8
17.2
17.3
17.8
17.3
17.1
17.2
17.3
16.7
17.5
17.6
17.5
17.6
16.9
15.7
16.1
16.3
15.8
15.9
1956
1957
-16.0
19.7
19.2
12.3
16.0
11.4
13.8
15.0
17.7
14.9
19.0
21.1
16.7
15.9
15.8
15.3
12.2
10.2
12.3
14.3
14.8
15.1
16.0
16.3
16.3
17.2
18.2
17.9
18.3
18.2
17.3
17.7
17.7
16.2
16.8
17.3
17.6
17.1
17.4
17.6
18.1
17.6
17.3
17.5
17.6
16.9
17.8
17.9
17.7
17.8
17.2
15.9
16.3
16.5
16.0
16.1
1957
1958
70.5
41.9
23.7
25.7
17.9
19.6
20.3
22.8
19.0
23.2
25.1
19.9
18.8
18.5
17.7
14.2
12.0
14.1
16.2
16.6
16.8
17.8
17.9
17.9
18.8
19.8
19.4
19.8
19.6
18.6
19.0
18.9
17.3
18.0
18.4
18.7
18.1
18.5
18.6
19.1
18.5
18.3
18.4
18.5
17.8
18.7
18.7
18.5
18.6
17.9
16.7
17.0
17.2
16.7
16.8
1958
1959
18.1
5.4
13.5
7.5
11.5
13.5
17.2
13.8
18.8
21.3
16.1
15.3
15.2
14.7
11.2
9.1
11.5
13.8
14.2
14.6
15.7
16.0
16.1
17.0
18.1
17.7
18.2
18.1
17.2
17.6
17.6
16.0
16.7
17.2
17.4
16.9
17.3
17.5
18.0
17.5
17.2
17.4
17.5
16.8
17.7
17.8
17.6
17.7
17.0
15.8
16.1
16.3
15.9
16.0
1959
1960
-5.9
11.3
4.1
9.8
12.5
17.0
13.2
18.9
21.7
15.9
15.1
15.0
14.4
10.7
8.5
11.1
13.5
14.0
14.4
15.6
15.9
16.0
17.0
18.1
17.7
18.3
18.1
17.1
17.6
17.5
15.9
16.6
17.1
17.4
16.9
17.3
17.5
18.0
17.5
17.2
17.3
17.5
16.8
17.7
17.8
17.6
17.7
17.0
15.7
16.1
16.3
15.8
15.9
1960
1961
31.7
9.6
15.7
17.7
22.2
16.7
23.0
25.7
18.6
17.4
17.1
16.3
12.1
9.6
12.3
14.9
15.3
15.7
16.8
17.1
17.1
18.1
19.3
18.8
19.3
19.1
18.1
18.5
18.4
16.7
17.4
17.9
18.2
17.6
18.0
18.2
18.7
18.1
17.9
18.0
18.1
17.4
18.3
18.4
18.2
18.3
17.6
16.2
16.6
16.8
16.3
16.4
1961
1962
-8.8
8.4
13.4
20.0
13.9
21.6
24.8
17.1
15.9
15.8
15.0
10.6
8.1
11.0
13.8
14.4
14.8
16.1
16.4
16.4
17.5
18.8
18.3
18.9
18.7
17.6
18.1
18.0
16.2
17.0
17.5
17.8
17.2
17.7
17.8
18.4
17.8
17.5
17.7
17.8
17.1
18.0
18.1
17.9
18.0
17.3
15.9
16.3
16.5
16.0
16.1
1962
1963
28.9
26.4
31.5
20.4
28.8
31.6
21.4
19.5
18.9
17.7
12.6
9.6
12.7
15.6
16.1
16.5
17.7
17.9
17.9
19.0
20.3
19.7
20.2
20.0
18.8
19.2
19.1
17.2
18.0
18.5
18.8
18.1
18.6
18.7
19.3
18.6
18.3
18.5
18.6
17.8
18.8
18.8
18.6
18.7
17.9
16.5
16.9
17.1
16.6
16.7
1963
1964
24.0
32.8
17.7
28.7
32.1
20.1
18.2
17.7
16.5
11.1
8.0
11.5
14.7
15.3
15.7
17.1
17.3
17.4
18.5
19.8
19.3
19.8
19.6
18.4
18.9
18.8
16.8
17.6
18.2
18.5
17.8
18.3
18.4
19.0
18.4
18.1
18.2
18.3
17.5
18.5
18.6
18.4
18.5
17.7
16.3
16.6
16.9
16.3
16.4
1964
1965
42.2
14.7
30.3
34.2
19.4
17.2
16.8
15.6
9.8
6.5
10.4
13.9
14.6
15.1
16.6
16.9
17.0
18.2
19.6
19.0
19.7
19.4
18.1
18.7
18.6
16.6
17.4
18.0
18.3
17.6
18.1
18.3
18.8
18.2
17.9
18.0
18.2
17.3
18.4
18.5
18.2
18.3
17.6
16.1
16.5
16.7
16.2
16.3
1965
1966
-7.5
24.8
31.6
14.3
12.8
13.0
12.2
6.3
3.2
7.7
11.6
12.6
13.3
15.0
15.4
15.6
16.9
18.5
17.9
18.6
18.4
17.1
17.7
17.7
15.6
16.5
17.2
17.5
16.8
17.4
17.6
18.2
17.5
17.2
17.4
17.5
16.7
17.8
17.9
17.7
17.8
17.0
15.6
16.0
16.2
15.7
15.8
1966
1967
68.2
57.0
22.6
18.5
17.6
15.8
8.4
4.6
9.5
13.8
14.6
15.2
16.9
17.2
17.3
18.7
20.2
19.5
20.2
19.9
18.5
19.0
18.9
16.7
17.6
18.2
18.5
17.8
18.3
18.5
19.1
18.4
18.1
18.2
18.4
17.5
18.6
18.7
18.4
18.5
17.7
16.2
16.6
16.8
16.2
16.4
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
46.5
4.7
5.4
7.6
7.5
0.7
-2.3
3.8
8.9
10.3
11.3
13.4
14.0
14.3
15.9
17.7
17.2
18.0
17.8
16.4
17.1
17.1
14.9
15.9
16.6
17.0
16.3
16.8
17.1
17.7
17.1
16.8
17.0
17.1
16.3
17.4
17.6
17.3
17.5
16.7
15.1
15.6
15.8
15.3
15.4
1968
1969
-25.2
-10.6
-2.9
-0.5
-6.6
-8.7
-1.2
5.0
6.9
8.3
10.8
11.7
12.1
14.0
16.0
15.5
16.5
16.4
15.0
15.8
15.8
13.6
14.7
15.5
15.9
15.3
15.9
16.1
16.9
16.2
15.9
16.1
16.3
15.5
16.7
16.8
16.6
16.8
16.0
14.4
14.9
15.2
14.6
14.8
1969
1970
6.9
10.6
9.5
-1.2
-5.0
3.5
10.2
11.7
12.8
15.3
15.8
16.0
17.8
19.7
18.9
19.7
19.4
17.8
18.5
18.4
15.9
16.9
17.7
18.0
17.3
17.8
18.1
18.7
18.0
17.7
17.8
18.0
17.0
18.2
18.3
18.1
18.2
17.3
15.7
16.1
16.4
15.8
15.9
1970
1971
14.3
10.7
-3.8
-7.7
2.8
10.7
12.4
13.6
16.2
16.8
16.9
18.7
20.8
19.8
20.6
20.2
18.5
19.1
19.0
16.4
17.4
18.2
18.6
17.7
18.3
18.5
19.2
18.4
18.0
18.2
18.3
17.4
18.6
18.7
18.4
18.5
17.6
15.9
16.4
16.7
16.0
16.2
1971
1972
7.3
-11.7
-14.1
0.1
10.0
12.1
13.5
16.5
17.0
17.1
19.1
21.3
20.3
21.1
20.7
18.7
19.4
19.3
16.5
17.6
18.4
18.7
17.9
18.5
18.7
19.4
18.6
18.2
18.3
18.5
17.5
18.7
18.8
18.5
18.7
17.7
16.0
16.4
16.7
16.1
16.2
1972
1973
-27.4
-23.1
-2.2
10.7
13.1
14.6
17.8
18.3
18.3
20.4
22.7
21.4
22.2
21.7
19.5
20.2
20.0
17.0
18.1
19.0
19.3
18.4
19.0
19.2
19.9
19.0
18.6
18.7
18.9
17.8
19.1
19.2
18.9
19.0
18.0
16.2
16.7
17.0
16.3
16.4
1973
1974
-18.6
13.5
27.4
26.3
25.5
27.7
26.8
25.7
27.3
29.3
27.2
27.7
26.6
23.9
24.3
23.8
20.3
21.4
22.1
22.3
21.2
21.7
21.8
22.4
21.4
20.9
20.9
21.0
19.8
21.1
21.1
20.7
20.8
19.7
17.8
18.2
18.5
17.7
17.8
1974
1975
58.2
59.4
46.3
39.9
39.8
36.6
33.8
34.6
36.1
33.0
33.0
31.3
27.9
28.2
27.4
23.3
24.3
24.9
25.0
23.6
24.0
24.0
24.6
23.4
22.8
22.8
22.8
21.5
22.8
22.7
22.3
22.3
21.1
19.1
19.5
19.7
18.9
19.0
1975
1976
60.6
40.7
34.2
35.5
32.6
30.1
31.6
33.6
30.5
30.7
29.1
25.7
26.1
25.4
21.3
22.4
23.1
23.3
22.0
22.5
22.6
23.3
22.1
21.5
21.5
21.6
20.3
21.7
21.7
21.2
21.3
20.1
18.1
18.5
18.8
18.0
18.1
1976
1977
23.2
22.7
28.1
26.4
24.7
27.3
30.1
27.2
27.8
26.4
22.9
23.6
23.0
18.9
20.2
21.1
21.4
20.1
20.8
20.9
21.7
20.6
20.0
20.1
20.2
19.0
20.4
20.5
20.1
20.2
19.0
16.9
17.4
17.7
16.9
17.1
1977
1978
22.2
30.6
27.5
25.0
28.1
31.3
27.7
28.3
26.7
22.9
23.6
23.0
18.6
20.0
21.0
21.3
20.0
20.7
20.8
21.7
20.5
19.9
20.0
20.1
18.8
20.3
20.4
20.0
20.1
18.9
16.7
17.3
17.6
16.8
16.9
1978
1979
39.5
30.2
26.0
29.6
33.2
28.7
29.2
27.3
23.0
23.8
23.1
18.3
19.8
20.9
21.3
19.8
20.6
20.8
21.6
20.4
19.8
19.9
20.0
18.7
20.2
20.3
19.9
20.0
18.7
16.6
17.1
17.4
16.6
16.8
1979
1980
21.6
19.8
26.5
31.6
26.6
27.6
25.6
21.0
22.1
21.6
16.5
18.3
19.6
20.1
18.6
19.5
19.7
20.7
19.5
18.9
19.0
19.2
17.8
19.5
19.6
19.2
19.3
18.1
15.8
16.4
16.8
16.0
16.1
1980
1981
18.0
29.0
35.1
27.9
28.8
26.3
21.0
22.2
21.6
16.0
18.0
19.4
20.0
18.4
19.3
19.6
20.7
19.3
18.7
18.9
19.1
17.7
19.4
19.5
19.1
19.2
17.9
15.6
16.2
16.6
15.8
16.0
1981
1982
41.1
44.7
31.4
31.7
28.0
21.5
22.8
22.0
15.8
18.0
19.5
20.1
18.4
19.4
19.7
20.8
19.4
18.8
19.0
19.2
17.6
19.5
19.6
19.1
19.3
17.9
15.6
16.2
16.6
15.7
15.9
1982
1983
48.3
26.8
28.7
25.0
17.9
20.0
19.5
13.0
15.7
17.6
18.4
16.7
17.9
18.3
19.6
18.2
17.6
17.8
18.1
16.6
18.5
18.7
18.3
18.5
17.1
14.7
15.4
15.8
14.9
15.1
1983
1984
8.4
19.9
18.0
11.3
15.0
15.3
8.6
12.2
14.6
15.7
14.2
15.7
16.3
17.8
16.4
15.9
16.3
16.6
15.1
17.2
17.4
17.0
17.3
15.9
13.5
14.2
14.7
13.9
14.1
1984
1985
32.6
23.2
12.3
16.7
16.7
8.7
12.7
15.3
16.6
14.8
16.4
17.0
18.5
17.0
16.4
16.8
17.1
15.5
17.7
17.9
17.5
17.7
16.3
13.7
14.5
15.0
14.1
14.4
1985
1986
14.4
3.3
11.8
13.0
4.4
9.7
13.1
14.7
13.0
14.8
15.6
17.4
15.9
15.3
15.8
16.2
14.6
16.9
17.2
16.8
17.1
15.6
13.0
13.8
14.3
13.4
13.7
1986
1987
-6.7
10.6
12.6
2.1
8.8
12.8
14.8
12.8
14.9
15.8
17.7
16.0
15.4
15.9
16.3
14.6
17.0
17.3
16.9
17.2
15.6
12.9
13.8
14.3
13.4
13.7
1987
1988
31.1
23.7
5.2
13.1
17.2
18.8
15.9
17.9
18.6
20.4
18.3
17.4
17.8
18.2
16.1
18.7
18.9
18.4
18.6
16.9
13.9
14.8
15.3
14.3
14.6
1988
1989
16.6
-5.8
7.7
14.0
16.5
13.6
16.1
17.1
19.3
17.1
16.3
16.8
17.2
15.1
17.9
18.2
17.7
17.9
16.2
13.1
14.1
14.7
13.6
14.0
1989
1990
-23.9
3.4
13.1
16.4
13.0
16.1
17.2
19.7
17.2
16.2
16.8
17.3
15.0
18.0
18.3
17.7
18.0
16.2
12.9
13.9
14.6
13.5
13.8
1990
1991
40.5
37.9
34.1
24.7
26.3
25.9
27.6
23.7
21.8
21.9
22.0
19.1
22.1
22.1
21.2
21.3
19.1
15.4
16.4
16.9
15.7
16.0
1991
1992
35.3
31.1
19.8
22.9
23.2
25.6
21.4
19.7
20.0
20.3
17.3
20.7
20.8
19.9
20.1
17.9
14.1
15.2
15.8
14.6
14.9
1992
MATR IX BOOK 2013
1993
27.0
12.7
19.1
20.3
23.8
19.3
17.6
18.2
18.7
15.6
19.4
19.6
18.8
19.1
16.8
12.9
14.1
14.8
13.6
14.0
1993
1994
0.1
15.3
18.2
23.0
17.8
16.1
17.0
17.7
14.4
18.7
19.0
18.1
18.5
16.1
12.0
13.3
14.2
12.9
13.3
1994
1995
32.9
28.4
31.7
22.7
19.6
20.1
20.5
16.3
20.9
21.0
19.9
20.2
17.4
12.9
14.3
15.1
13.7
14.1
1995
1996
24.0
31.1
19.5
16.5
17.7
18.5
14.2
19.5
19.8
18.7
19.1
16.2
11.5
13.0
14.0
12.5
13.1
1996
1997
38.6
17.2
14.1
16.1
17.5
12.6
18.9
19.3
18.1
18.6
15.5
10.5
12.2
13.3
11.8
12.4
1997
1998
-0.8
3.5
9.5
12.7
8.0
15.9
16.7
15.8
16.6
13.5
8.3
10.3
11.6
10.1
10.9
1998
1999
8.0
15.0
17.6
10.3
19.6
20.0
18.4
19.0
15.2
9.3
11.3
12.7
11.0
11.8
1999
2000
22.5
22.7
11.1
22.7
22.5
20.2
20.6
16.1
9.4
11.7
13.1
11.3
12.1
2000
2001
22.9
5.8
22.7
22.5
19.8
20.3
15.2
7.9
10.5
12.2
10.3
11.2
2001
2002
-8.9
22.6
22.4
19.0
19.8
14.0
5.9
9.1
11.1
9.1
10.2
2002
2003
65.0
41.8
30.1
28.3
19.2
8.5
11.9
13.9
11.3
12.3
2003
2004
22.0
15.5
18.0
9.9
-0.2
4.9
8.0
6.0
7.6
2004
2005
9.4
16.1
6.1
-5.0
1.8
5.8
3.9
6.0
2005
2006
23.1
4.5
-9.4
0.0
5.1
3.0
5.5
2006
2007
-11.3
-22.3
-6.7
1.0
-0.6
2.8
2007
2008
-32.0
-4.3
5.5
2.2
5.9
2008
2009
34.6 2010
31.4 28.3 2011
17.1 9.2 -7.1 2012
18.3 13.3 6.4 21.9
2009 2010 2011 2012
25

15. 1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
26
1928
36.1
3.1
-14.3
-26.6
-23.6
-8.3
-6.8
-0.9
4.6
-2.4
0.5
-0.2
-0.6
-0.9
0.9
3.8
5.7
8.3
7.2
7.0
6.5
7.0
8.6
8.8
8.9
8.3
9.9
10.3
10.1
9.0
10.5
10.7
10.1
10.7
10.0
10.4
10.7
11.3
10.8
11.9
12.6
11.5
11.1
11.3
11.2
10.2
9.4
10.3
11.1
11.2
11.3
11.8
12.0
12.0
12.4
12.9
12.6
12.9
12.8
12.5
12.8
12.9
12.2
12.6
12.9
13.0
12.9
13.1
13.3
13.5
13.3
13.3
13.4
13.5
13.0
13.6
13.7
13.6
13.7
13.4
12.6
13.0
13.1
12.9
13.0
1928
1929
-21.9
-31.9
-40.3
-33.8
-15.2
-12.5
-5.2
1.2
-6.0
-2.6
-3.0
-3.2
-3.3
-1.2
1.9
4.1
6.9
5.8
5.7
5.2
5.8
7.5
7.8
7.9
7.3
9.0
9.4
9.3
8.2
9.7
10.0
9.4
10.0
9.3
9.7
10.1
10.7
10.2
11.3
12.0
10.9
10.6
10.8
10.7
9.6
8.9
9.8
10.6
10.7
10.9
11.3
11.6
11.6
12.0
12.5
12.2
12.5
12.4
12.2
12.4
12.5
11.8
12.3
12.6
12.7
12.5
12.8
13.0
13.2
13.0
13.0
13.1
13.2
12.7
13.3
13.4
13.4
13.4
13.1
12.3
12.7
12.9
12.6
12.7
1929
1930
-40.7
-47.8
-37.4
-13.5
-10.5
-2.1
5.0
-3.8
-0.1
-0.8
-1.3
-1.5
0.6
3.9
6.1
9.0
7.7
7.5
6.9
7.4
9.2
9.4
9.5
8.7
10.5
10.8
10.7
9.5
11.0
11.3
10.6
11.1
10.4
10.8
11.2
11.8
11.2
12.4
13.1
11.9
11.5
11.7
11.6
10.5
9.7
10.6
11.4
11.5
11.7
12.1
12.4
12.4
12.7
13.2
13.0
13.2
13.1
12.9
13.1
13.2
12.5
12.9
13.2
13.4
13.2
13.4
13.6
13.9
13.6
13.6
13.7
13.8
13.3
13.9
14.0
13.9
14.0
13.7
12.9
13.2
13.4
13.1
13.2
1930
1931
-54.0
-35.7
-1.9
-0.8
8.2
15.5
3.1
6.6
5.0
3.9
3.1
5.1
8.4
10.6
13.5
11.8
11.3
10.4
10.8
12.6
12.6
12.6
11.6
13.4
13.7
13.3
12.0
13.6
13.7
12.9
13.4
12.6
13.0
13.2
13.9
13.2
14.3
15.0
13.7
13.3
13.4
13.3
12.1
11.2
12.2
12.9
13.0
13.2
13.6
13.8
13.8
14.1
14.6
14.3
14.6
14.5
14.1
14.4
14.4
13.7
14.1
14.4
14.5
14.3
14.6
14.7
15.0
14.7
14.7
14.7
14.8
14.3
14.9
15.0
14.9
15.0
14.6
13.8
14.2
14.3
14.0
14.1
1931
1932
-10.0
43.4
28.1
34.0
38.8
18.0
20.2
16.4
13.7
11.8
13.3
16.5
18.3
21.1
18.6
17.6
16.2
16.4
18.0
17.7
17.5
16.2
17.9
18.0
17.5
15.9
17.4
17.4
16.5
16.9
15.9
16.2
16.4
16.9
16.1
17.2
17.9
16.5
15.9
16.0
15.8
14.5
13.5
14.5
15.2
15.3
15.4
15.7
15.9
15.9
16.2
16.7
16.3
16.5
16.4
16.0
16.3
16.3
15.4
15.9
16.1
16.2
16.0
16.2
16.3
16.6
16.3
16.2
16.3
16.3
15.8
16.4
16.4
16.3
16.4
16.0
15.1
15.5
15.7
15.3
15.4
1932
1933
128.4
52.9
53.0
54.7
24.5
26.1
20.8
17.1
14.5
15.9
19.2
21.0
23.9
21.0
19.7
18.1
18.2
19.8
19.4
19.0
17.6
19.4
19.4
18.8
17.1
18.6
18.6
17.6
17.9
16.9
17.1
17.3
17.9
17.0
18.1
18.8
17.3
16.7
16.8
16.5
15.2
14.1
15.1
15.9
15.9
16.0
16.4
16.6
16.5
16.8
17.3
16.9
17.1
16.9
16.5
16.8
16.8
15.9
16.4
16.6
16.7
16.5
16.7
16.8
17.0
16.7
16.7
16.7
16.8
16.2
16.8
16.9
16.7
16.8
16.4
15.5
15.9
16.0
15.7
15.8
1933
Dimensional US
Targeted Value Index
1934
2.3
25.2
35.8
7.0
12.0
8.6
6.5
5.0
7.5
11.7
14.2
17.7
15.2
14.3
13.0
13.4
15.3
15.2
15.0
13.8
15.7
15.9
15.5
13.9
15.6
15.6
14.7
15.2
14.2
14.6
14.8
15.5
14.6
15.9
16.6
15.1
14.6
14.7
14.5
13.2
12.2
13.2
14.1
14.1
14.2
14.7
14.9
14.9
15.2
15.7
15.4
15.6
15.5
15.1
15.4
15.4
14.6
15.0
15.3
15.4
15.2
15.4
15.6
15.8
15.5
15.5
15.6
15.6
15.1
15.7
15.8
15.7
15.7
15.4
14.5
14.8
15.0
14.7
14.8
1934
1935
53.1
56.5
8.6
14.6
9.9
7.2
5.4
8.2
12.8
15.5
19.3
16.4
15.3
13.8
14.2
16.2
16.0
15.8
14.4
16.4
16.6
16.1
14.4
16.2
16.2
15.2
15.7
14.7
15.0
15.3
15.9
15.0
16.3
17.0
15.5
15.0
15.1
14.9
13.5
12.5
13.5
14.4
14.4
14.5
15.0
15.2
15.2
15.5
16.0
15.6
15.9
15.7
15.4
15.6
15.6
14.8
15.3
15.5
15.7
15.4
15.7
15.8
16.0
15.7
15.7
15.8
15.8
15.3
15.9
16.0
15.9
15.9
15.6
14.6
15.0
15.2
14.9
14.9
1935
1928–2012: Total Returns (%)
1936
59.9
-8.5
4.0
1.1
-0.2
-0.9
2.9
8.6
11.9
16.3
13.5
12.6
11.3
11.8
14.1
14.0
13.9
12.6
14.8
15.1
14.6
12.9
14.8
14.9
13.9
14.5
13.4
13.8
14.1
14.8
14.0
15.3
16.1
14.6
14.0
14.2
14.0
12.6
11.6
12.7
13.5
13.6
13.8
14.2
14.5
14.5
14.8
15.3
15.0
15.2
15.1
14.7
15.0
15.0
14.2
14.7
15.0
15.1
14.9
15.1
15.3
15.5
15.2
15.2
15.3
15.3
14.8
15.4
15.5
15.4
15.5
15.1
14.2
14.6
14.7
14.4
14.5
1936
1937
-47.6
-16.1
-13.2
-11.3
-10.0
-4.3
2.8
7.0
12.3
9.7
9.1
8.0
8.8
11.4
11.5
11.5
10.3
12.7
13.1
12.7
11.0
13.0
13.2
12.3
12.9
12.0
12.4
12.8
13.5
12.7
14.1
14.9
13.4
12.9
13.1
12.9
11.6
10.6
11.7
12.6
12.7
12.8
13.3
13.6
13.6
14.0
14.5
14.2
14.5
14.3
14.0
14.3
14.3
13.5
14.0
14.3
14.4
14.2
14.5
14.6
14.9
14.6
14.6
14.7
14.8
14.2
14.8
15.0
14.9
14.9
14.6
13.7
14.1
14.2
13.9
14.0
1937
1938
34.4
11.8
5.7
3.1
7.9
15.0
18.5
23.5
19.0
17.4
15.3
15.6
18.0
17.6
17.2
15.5
17.9
18.0
17.4
15.3
17.3
17.3
16.1
16.6
15.4
15.8
16.0
16.7
15.7
17.1
17.9
16.2
15.6
15.7
15.4
13.9
12.8
13.9
14.8
14.9
15.0
15.4
15.7
15.6
16.0
16.5
16.1
16.3
16.2
15.8
16.1
16.1
15.2
15.6
15.9
16.0
15.8
16.0
16.2
16.4
16.1
16.0
16.1
16.2
15.6
16.2
16.3
16.2
16.2
15.9
14.9
15.3
15.5
15.1
15.2
1938
GROWTH OF $1
1939
-7.0
-6.3
-5.7
2.2
11.4
16.1
22.0
17.3
15.6
13.6
14.0
16.7
16.4
16.1
14.4
16.9
17.1
16.5
14.3
16.5
16.5
15.3
15.9
14.7
15.1
15.4
16.1
15.1
16.5
17.3
15.6
15.0
15.1
14.9
13.4
12.3
13.4
14.3
14.4
14.5
15.0
15.2
15.2
15.6
16.1
15.7
16.0
15.8
15.4
15.7
15.7
14.8
15.3
15.6
15.7
15.5
15.7
15.9
16.1
15.8
15.8
15.8
15.9
15.3
15.9
16.1
15.9
16.0
15.6
14.6
15.0
15.2
14.9
15.0
1939
$100,000
1940
-5.5
-5.0
5.4
16.6
21.3
27.7
21.2
18.8
16.1
16.4
19.2
18.7
18.1
16.1
18.7
18.8
18.0
15.7
17.9
17.8
16.5
17.1
15.7
16.1
16.4
17.1
16.0
17.5
18.3
16.5
15.8
15.9
15.7
14.1
12.9
14.0
15.0
15.0
15.1
15.6
15.8
15.8
16.2
16.7
16.3
16.5
16.4
15.9
16.2
16.2
15.3
15.8
16.1
16.2
15.9
16.2
16.3
16.6
16.2
16.2
16.3
16.3
15.7
16.3
16.5
16.3
16.4
16.0
15.0
15.4
15.6
15.2
15.3
1940
$10,000
1941
-4.5
11.3
25.1
29.2
35.6
26.3
22.7
19.1
19.1
22.0
21.1
20.3
17.9
20.7
20.7
19.7
17.0
19.3
19.2
17.7
18.3
16.8
17.1
17.4
18.1
16.9
18.4
19.2
17.3
16.6
16.7
16.4
14.7
13.5
14.6
15.6
15.6
15.7
16.2
16.4
16.4
16.7
17.3
16.8
17.1
16.9
16.5
16.7
16.7
15.7
16.3
16.5
16.7
16.4
16.6
16.7
17.0
16.7
16.6
16.7
16.7
16.1
16.7
16.8
16.7
16.7
16.3
15.3
15.7
15.9
15.6
15.6
1941
1942
29.7
43.1
42.8
48.0
33.6
28.0
22.9
22.5
25.3
24.0
22.9
20.0
22.9
22.7
21.5
18.5
20.9
20.7
19.0
19.5
17.9
18.2
18.4
19.2
17.9
19.4
20.2
18.2
17.4
17.5
17.1
15.4
14.1
15.3
16.2
16.3
16.3
16.8
17.0
17.0
17.3
17.9
17.4
17.6
17.4
17.0
17.2
17.2
16.2
16.7
17.0
17.1
16.8
17.1
17.2
17.5
17.1
17.0
17.1
17.1
16.5
17.1
17.2
17.1
17.1
16.7
15.7
16.1
16.2
15.9
15.9
1942
$31,799
$1,000
1943
57.8
49.8
54.7
34.6
27.6
21.9
21.4
24.8
23.4
22.2
19.1
22.3
22.2
20.9
17.8
20.4
20.2
18.5
19.0
17.4
17.7
18.0
18.7
17.4
19.0
19.9
17.8
17.0
17.1
16.7
14.9
13.6
14.8
15.9
15.9
16.0
16.5
16.7
16.6
17.0
17.6
17.1
17.4
17.2
16.7
17.0
17.0
15.9
16.5
16.7
16.9
16.6
16.8
17.0
17.2
16.9
16.8
16.8
16.9
16.3
16.9
17.0
16.9
16.9
16.5
15.4
15.9
16.0
15.7
15.7
1943
1944
42.3
53.1
27.6
21.0
15.7
16.3
20.7
19.7
18.8
15.8
19.5
19.6
18.5
15.4
18.2
18.2
16.5
17.2
15.5
16.0
16.3
17.2
15.9
17.6
18.6
16.5
15.7
15.8
15.5
13.7
12.4
13.7
14.8
14.9
15.0
15.5
15.8
15.7
16.1
16.7
16.3
16.5
16.3
15.9
16.2
16.2
15.2
15.7
16.0
16.2
15.9
16.2
16.3
16.6
16.2
16.2
16.2
16.3
15.7
16.3
16.4
16.3
16.4
15.9
14.9
15.3
15.5
15.2
15.2
1944
$100
1945
64.8
20.9
14.7
9.9
11.7
17.4
16.8
16.1
13.2
17.4
17.7
16.7
13.6
16.6
16.7
15.1
15.8
14.2
14.8
15.2
16.1
14.9
16.7
17.7
15.5
14.8
14.9
14.7
12.8
11.5
12.9
14.0
14.1
14.3
14.8
15.1
15.1
15.5
16.1
15.7
16.0
15.8
15.3
15.7
15.7
14.6
15.2
15.5
15.7
15.4
15.7
15.8
16.2
15.8
15.7
15.8
15.9
15.3
15.9
16.1
15.9
16.0
15.6
14.5
15.0
15.1
14.8
14.9
1945
1946
-11.3
-4.3
-4.0
1.3
9.7
10.3
10.5
8.0
13.1
13.8
13.1
10.1
13.6
13.9
12.3
13.3
11.8
12.5
13.0
14.1
12.9
14.8
16.0
13.8
13.1
13.4
13.1
11.3
10.0
11.5
12.7
12.8
13.0
13.6
13.9
13.9
14.4
15.1
14.6
15.0
14.8
14.4
14.7
14.7
13.7
14.3
14.7
14.8
14.6
14.9
15.0
15.4
15.0
15.0
15.1
15.2
14.6
15.2
15.4
15.2
15.3
14.9
13.9
14.3
14.5
14.2
14.2
1946
$10
1947
3.2
-0.1
5.9
15.7
15.2
14.6
11.1
16.6
17.0
15.9
12.3
16.0
16.1
14.2
15.2
13.4
14.1
14.5
15.6
14.3
16.3
17.4
15.1
14.3
14.5
14.2
12.3
10.9
12.4
13.6
13.7
13.9
14.5
14.8
14.8
15.2
15.9
15.4
15.7
15.5
15.1
15.4
15.4
14.4
15.0
15.3
15.5
15.2
15.5
15.6
16.0
15.6
15.5
15.6
15.7
15.1
15.8
15.9
15.8
15.8
15.4
14.3
14.8
15.0
14.6
14.7
1947
1948
-3.3
7.3
20.2
18.4
17.0
12.5
18.7
18.9
17.4
13.2
17.2
17.2
15.1
16.1
14.1
14.8
15.3
16.4
14.9
17.0
18.1
15.7
14.8
15.0
14.7
12.6
11.2
12.7
13.9
14.1
14.2
14.8
15.1
15.1
15.6
16.3
15.8
16.1
15.9
15.4
15.7
15.7
14.6
15.3
15.6
15.8
15.4
15.8
15.9
16.2
15.8
15.8
15.9
16.0
15.3
16.0
16.1
16.0
16.0
15.6
14.5
15.0
15.2
14.8
14.9
1948
$1
1949
19.1
34.1
26.7
22.7
16.0
22.8
22.4
20.3
15.2
19.5
19.3
16.8
17.7
15.5
16.1
16.5
17.7
16.0
18.1
19.3
16.7
15.7
15.8
15.5
13.3
11.8
13.3
14.6
14.7
14.9
15.5
15.8
15.7
16.2
16.9
16.3
16.7
16.4
15.9
16.3
16.3
15.1
15.7
16.1
16.2
15.9
16.2
16.4
16.7
16.3
16.2
16.3
16.4
15.7
16.4
16.5
16.4
16.4
16.0
14.8
15.3
15.5
15.1
15.2
1949
1950
50.9
30.6
24.0
15.2
23.5
23.0
20.4
14.8
19.5
19.3
16.6
17.6
15.2
15.9
16.4
17.6
15.8
18.1
19.3
16.5
15.5
15.7
15.3
13.1
11.5
13.1
14.5
14.6
14.7
15.4
15.7
15.6
16.1
16.8
16.3
16.6
16.4
15.8
16.2
16.2
15.0
15.7
16.0
16.2
15.8
16.1
16.3
16.6
16.2
16.2
16.2
16.3
15.6
16.3
16.5
16.3
16.4
15.9
14.8
15.2
15.4
15.0
15.1
1950
1951
13.0
12.4
5.3
17.5
18.1
16.0
10.3
16.1
16.2
13.7
15.0
12.6
13.6
14.2
15.6
13.9
16.4
17.7
15.0
14.0
14.2
13.9
11.7
10.1
11.8
13.2
13.4
13.6
14.3
14.6
14.6
15.1
15.9
15.4
15.7
15.5
15.0
15.4
15.4
14.2
14.9
15.3
15.5
15.1
15.5
15.6
16.0
15.6
15.5
15.6
15.7
15.0
15.8
15.9
15.8
15.8
15.4
14.2
14.7
14.9
14.5
14.6
1951
$0
1928
1952
11.7
1.6
19.0
19.4
16.6
9.9
16.5
16.6
13.7
15.2
12.6
13.6
14.3
15.8
14.0
16.6
18.0
15.1
14.0
14.3
14.0
11.6
10.0
11.8
13.2
13.4
13.6
14.3
14.7
14.7
15.2
16.0
15.4
15.8
15.6
15.1
15.5
15.5
14.3
15.0
15.3
15.5
15.2
15.5
15.7
16.1
15.6
15.6
15.7
15.8
15.1
15.8
16.0
15.8
15.9
15.4
14.2
14.7
15.0
14.6
14.6
1952
D I M E N S I O N A L F U N D A D VI S O R S
1953
-7.5
22.8
22.1
17.8
9.6
17.3
17.4
14.0
15.6
12.7
13.8
14.5
16.1
14.1
16.9
18.4
15.3
14.2
14.4
14.1
11.6
9.9
11.8
13.3
13.5
13.7
14.4
14.8
14.8
15.3
16.1
15.6
15.9
15.7
15.2
15.6
15.6
14.3
15.0
15.4
15.6
15.3
15.6
15.8
16.2
15.7
15.7
15.8
15.9
15.1
15.9
16.0
15.9
16.0
15.5
14.3
14.8
15.0
14.6
14.7
1953
2012
Index data compiled by Dimensional.
1954
63.1
40.2
27.7
14.3
23.1
22.1
17.4
18.8
15.2
16.2
16.8
18.4
16.0
18.9
20.4
16.9
15.6
15.8
15.4
12.7
10.8
12.8
14.3
14.4
14.6
15.4
15.7
15.7
16.2
17.0
16.4
16.8
16.5
15.9
16.3
16.3
15.0
15.7
16.1
16.3
15.9
16.2
16.4
16.8
16.3
16.2
16.3
16.4
15.7
16.4
16.6
16.4
16.5
16.0
14.7
15.2
15.4
15.0
15.1
1954
1955
20.5
13.0
1.5
14.7
15.3
11.2
13.6
10.3
11.9
12.9
15.0
12.7
16.1
17.8
14.3
13.1
13.5
13.2
10.5
8.7
10.8
12.5
12.7
13.0
13.8
14.2
14.2
14.8
15.7
15.1
15.5
15.3
14.7
15.1
15.2
13.9
14.6
15.0
15.3
14.9
15.3
15.5
15.9
15.4
15.4
15.5
15.6
14.8
15.6
15.8
15.6
15.7
15.2
14.0
14.5
14.7
14.3
14.4
1955
1956
6.0
-6.8
12.8
14.0
9.4
12.4
8.9
10.8
12.1
14.4
12.1
15.7
17.6
13.9
12.7
13.1
12.7
10.0
8.1
10.3
12.1
12.3
12.6
13.5
14.0
14.0
14.6
15.5
14.9
15.4
15.1
14.5
15.0
15.0
13.7
14.5
14.9
15.1
14.8
15.1
15.3
15.8
15.3
15.2
15.4
15.5
14.7
15.5
15.7
15.5
15.6
15.1
13.9
14.4
14.6
14.2
14.3
1956
1957
-18.1
16.3
16.8
10.3
13.8
9.4
11.5
12.9
15.4
12.7
16.6
18.6
14.5
13.2
13.6
13.2
10.2
8.2
10.6
12.4
12.7
12.9
13.9
14.3
14.3
15.0
15.9
15.2
15.7
15.4
14.8
15.3
15.3
13.9
14.7
15.2
15.4
15.0
15.4
15.6
16.0
15.5
15.5
15.6
15.7
14.9
15.7
15.9
15.7
15.8
15.3
14.0
14.6
14.8
14.4
14.5
1957
1958
65.3
39.4
21.8
23.5
15.9
17.4
18.2
20.5
16.8
20.8
22.7
17.7
16.0
16.3
15.6
12.3
10.0
12.4
14.3
14.5
14.7
15.6
16.0
15.9
16.5
17.4
16.7
17.1
16.8
16.1
16.6
16.5
15.1
15.9
16.3
16.5
16.1
16.4
16.6
17.0
16.5
16.4
16.5
16.6
15.8
16.6
16.8
16.6
16.6
16.1
14.8
15.3
15.5
15.1
15.2
1958
1959
17.6
4.5
12.1
6.1
9.7
11.8
15.1
11.8
16.7
19.1
14.2
12.6
13.1
12.7
9.4
7.2
9.9
12.0
12.3
12.6
13.6
14.1
14.1
14.8
15.8
15.2
15.6
15.4
14.7
15.2
15.2
13.8
14.6
15.1
15.3
14.9
15.3
15.6
16.0
15.5
15.4
15.5
15.6
14.8
15.7
15.9
15.7
15.8
15.3
13.9
14.5
14.7
14.3
14.4
1959
1960
-7.1
9.4
2.5
7.8
10.7
14.7
11.0
16.6
19.3
13.8
12.2
12.8
12.4
8.9
6.6
9.4
11.7
12.0
12.4
13.4
14.0
14.0
14.7
15.8
15.1
15.6
15.3
14.6
15.1
15.2
13.7
14.5
15.0
15.3
14.8
15.3
15.5
15.9
15.4
15.4
15.5
15.6
14.8
15.7
15.8
15.7
15.7
15.2
13.8
14.4
14.7
14.2
14.3
1960
1961
28.9
7.7
13.2
15.6
19.7
14.3
20.4
23.1
16.4
14.3
14.8
14.2
10.2
7.6
10.6
13.0
13.2
13.6
14.6
15.1
15.1
15.8
16.9
16.1
16.6
16.2
15.5
16.0
16.0
14.4
15.3
15.8
16.0
15.6
16.0
16.2
16.6
16.1
16.0
16.1
16.2
15.4
16.3
16.4
16.2
16.3
15.7
14.3
14.9
15.2
14.7
14.8
1961
1962
-10.0
6.1
11.5
17.5
11.6
19.0
22.3
14.9
12.8
13.5
12.9
8.8
6.1
9.4
12.0
12.3
12.7
13.9
14.5
14.4
15.2
16.4
15.6
16.1
15.8
15.0
15.6
15.6
14.0
14.9
15.4
15.6
15.2
15.6
15.9
16.3
15.8
15.7
15.8
15.9
15.0
16.0
16.1
16.0
16.0
15.5
14.0
14.6
14.9
14.4
14.5
1962
1963
25.1
24.1
28.4
17.8
25.9
28.7
19.0
16.0
16.4
15.5
10.6
7.6
11.1
13.8
14.0
14.3
15.5
16.0
15.9
16.7
17.8
16.9
17.4
17.0
16.1
16.7
16.7
14.9
15.9
16.3
16.6
16.1
16.5
16.7
17.2
16.6
16.5
16.6
16.7
15.8
16.7
16.9
16.6
16.7
16.1
14.6
15.2
15.5
15.0
15.1
1963
1964
23.1
30.0
15.4
26.1
29.4
18.0
14.8
15.4
14.5
9.3
6.1
10.0
12.9
13.2
13.6
14.9
15.5
15.4
16.2
17.4
16.5
17.0
16.6
15.8
16.4
16.3
14.6
15.5
16.1
16.3
15.8
16.3
16.5
16.9
16.3
16.3
16.4
16.5
15.5
16.5
16.7
16.5
16.5
15.9
14.4
15.0
15.3
14.8
14.9
1964
1965
37.3
11.8
27.1
31.0
17.1
13.5
14.3
13.4
7.9
4.6
8.9
12.1
12.5
13.0
14.4
15.0
15.0
15.9
17.1
16.2
16.8
16.4
15.5
16.1
16.1
14.3
15.3
15.8
16.1
15.6
16.0
16.3
16.8
16.1
16.1
16.2
16.3
15.3
16.3
16.5
16.3
16.4
15.8
14.2
14.9
15.1
14.6
14.7
1965
1966
-9.0
22.2
29.0
12.5
9.2
10.9
10.4
4.7
1.4
6.4
10.1
10.6
11.3
12.9
13.7
13.7
14.7
16.1
15.2
15.8
15.4
14.6
15.2
15.3
13.4
14.5
15.1
15.4
14.9
15.4
15.6
16.2
15.6
15.5
15.6
15.7
14.8
15.8
16.0
15.8
15.9
15.3
13.7
14.4
14.7
14.2
14.3
1966
1967
64.2
53.5
20.7
14.3
15.3
14.0
6.8
2.8
8.2
12.2
12.6
13.2
14.8
15.5
15.4
16.4
17.8
16.7
17.3
16.8
15.8
16.5
16.5
14.5
15.6
16.1
16.4
15.8
16.3
16.6
17.1
16.4
16.3
16.4
16.5
15.5
16.6
16.8
16.5
16.6
16.0
14.3
15.0
15.3
14.8
14.9
1967
1968
43.5
3.5
1.3
5.6
6.0
-0.6
-3.8
2.7
7.5
8.5
9.4
11.4
12.4
12.5
13.8
15.4
14.4
15.1
14.7
13.8
14.6
14.7
12.7
13.9
14.5
14.9
14.3
14.9
15.2
15.8
15.1
15.1
15.2
15.4
14.4
15.5
15.7
15.5
15.6
15.0
13.3
14.0
14.3
13.8
14.0
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1969
-25.4
-14.8
-4.7
-1.8
-7.7
-10.0
-2.1
3.7
5.1
6.5
8.9
10.2
10.5
11.9
13.7
12.8
13.6
13.3
12.5
13.3
13.4
11.4
12.7
13.5
13.8
13.3
14.0
14.3
14.9
14.3
14.3
14.4
14.6
13.6
14.8
15.0
14.8
14.9
14.3
12.7
13.4
13.7
13.2
13.4
1969
1970
-2.8
7.7
7.7
-2.6
-6.6
2.5
8.7
9.7
10.8
13.0
14.1
14.1
15.4
17.2
15.9
16.7
16.2
15.0
15.8
15.8
13.6
14.9
15.5
15.9
15.3
15.8
16.1
16.7
16.0
15.9
16.0
16.2
15.1
16.2
16.4
16.2
16.3
15.6
13.9
14.6
14.9
14.3
14.5
1970
1971
19.5
13.3
-2.6
-7.5
3.6
10.8
11.7
12.6
15.0
16.0
15.8
17.1
18.9
17.4
18.1
17.5
16.2
17.0
16.9
14.5
15.8
16.5
16.7
16.1
16.7
16.9
17.5
16.7
16.6
16.7
16.8
15.7
16.9
17.0
16.8
16.9
16.1
14.3
15.1
15.4
14.8
14.9
1971
1972
7.5
-12.0
-15.1
0.0
9.1
10.4
11.6
14.4
15.6
15.4
16.9
18.8
17.2
18.0
17.3
16.0
16.8
16.8
14.2
15.6
16.3
16.6
15.9
16.5
16.8
17.4
16.6
16.5
16.6
16.7
15.6
16.8
17.0
16.7
16.8
16.0
14.2
15.0
15.3
14.7
14.8
1972
1973
-28.0
-24.5
-2.4
9.5
11.0
12.3
15.4
16.6
16.4
17.9
19.9
18.1
18.9
18.1
16.6
17.4
17.3
14.6
16.1
16.8
17.1
16.3
17.0
17.2
17.8
17.0
16.9
17.0
17.1
15.8
17.1
17.3
17.0
17.1
16.3
14.4
15.2
15.5
14.9
15.0
1973
1974
-21.0
13.5
25.9
23.7
22.8
24.9
25.0
23.5
24.5
26.2
23.5
23.9
22.6
20.7
21.3
21.0
17.8
19.2
19.8
20.0
19.0
19.6
19.7
20.3
19.3
19.0
19.1
19.1
17.8
19.0
19.1
18.8
18.8
17.9
15.9
16.7
17.0
16.3
16.4
1974
1975
63.0
58.9
43.6
37.1
36.8
34.9
31.7
31.8
32.9
29.1
29.1
27.2
24.7
25.1
24.5
20.8
22.1
22.6
22.6
21.5
21.9
22.0
22.5
21.3
21.0
21.0
21.0
19.4
20.7
20.8
20.4
20.3
19.4
17.2
18.0
18.3
17.5
17.6
1975
1976
54.9
34.8
29.4
31.0
29.8
27.1
27.8
29.6
25.8
26.1
24.4
21.9
22.6
22.1
18.4
19.9
20.5
20.7
19.6
20.2
20.3
20.9
19.8
19.5
19.5
19.6
18.1
19.4
19.5
19.1
19.2
18.2
16.1
16.9
17.2
16.4
16.5
1976
1977
17.3
18.2
23.8
24.2
22.1
23.8
26.3
22.6
23.3
21.7
19.3
20.2
19.9
16.1
17.9
18.7
18.9
17.9
18.6
18.8
19.5
18.4
18.2
18.3
18.3
16.8
18.3
18.4
18.1
18.1
17.2
15.0
15.9
16.2
15.5
15.6
1977
1978
19.1
27.3
26.6
23.4
25.1
27.9
23.4
24.0
22.2
19.5
20.5
20.1
16.0
17.9
18.8
19.0
17.9
18.7
18.9
19.6
18.5
18.2
18.3
18.4
16.8
18.3
18.5
18.1
18.1
17.2
14.9
15.8
16.2
15.5
15.6
1978
1979
35.9
30.6
24.8
26.7
29.7
24.1
24.7
22.5
19.5
20.6
20.2
15.8
17.8
18.7
19.0
17.9
18.6
18.9
19.6
18.4
18.2
18.3
18.3
16.7
18.3
18.5
18.1
18.1
17.1
14.8
15.7
16.1
15.3
15.5
1979
1980
25.4
19.6
23.7
28.2
21.8
23.0
20.7
17.6
19.0
18.7
14.1
16.4
17.5
17.9
16.8
17.6
18.0
18.8
17.6
17.4
17.5
17.6
16.0
17.6
17.8
17.4
17.5
16.5
14.1
15.1
15.5
14.8
14.9
1980
1981
14.1
22.9
29.1
21.0
22.5
20.0
16.5
18.2
18.0
13.0
15.6
16.9
17.4
16.2
17.1
17.5
18.4
17.1
16.9
17.1
17.2
15.5
17.3
17.5
17.1
17.2
16.2
13.8
14.8
15.2
14.4
14.6
1981
1982
32.3
37.4
23.3
24.7
21.2
16.9
18.8
18.5
12.9
15.8
17.1
17.6
16.3
17.3
17.8
18.7
17.3
17.1
17.3
17.4
15.6
17.4
17.6
17.2
17.3
16.3
13.7
14.8
15.2
14.4
14.6
1982
1983
42.6
19.1
22.2
18.5
14.1
16.7
16.6
10.7
14.1
15.7
16.4
15.1
16.3
16.8
17.8
16.4
16.3
16.5
16.7
14.8
16.7
17.0
16.6
16.7
15.7
13.1
14.2
14.7
13.9
14.1
1983
1984
-0.6
13.1
11.4
7.9
12.1
12.8
6.7
10.9
13.0
14.0
12.9
14.3
15.0
16.2
14.9
14.8
15.1
15.4
13.5
15.6
15.9
15.6
15.7
14.7
12.0
13.2
13.7
12.9
13.2
1984
1985
28.7
18.0
10.8
15.5
15.6
8.0
12.7
14.9
15.8
14.3
15.8
16.4
17.7
16.1
15.9
16.2
16.4
14.4
16.5
16.8
16.4
16.5
15.4
12.6
13.8
14.3
13.5
13.7
1985
1986
8.1
2.9
11.4
12.6
4.3
10.2
13.0
14.3
12.8
14.5
15.3
16.8
15.2
15.0
15.4
15.7
13.6
15.8
16.2
15.8
16.0
14.8
11.9
13.2
13.8
12.9
13.2
1986
1987
-2.2
13.1
14.1
3.4
10.6
13.8
15.2
13.4
15.3
16.1
17.6
15.8
15.6
15.9
16.2
13.9
16.3
16.7
16.2
16.4
15.1
12.1
13.4
14.0
13.1
13.4
1987
1988
30.8
23.2
5.3
14.1
17.3
18.3
15.8
17.6
18.3
19.8
17.5
17.2
17.4
17.6
15.1
17.6
17.9
17.3
17.5
16.1
12.8
14.2
14.8
13.8
14.1
1988
1989
16.1
-5.6
9.0
14.2
16.0
13.5
15.9
16.8
18.6
16.3
16.0
16.4
16.7
14.1
16.7
17.1
16.6
16.8
15.3
12.0
13.5
14.1
13.1
13.4
1989
1990
-23.2
5.6
13.6
16.0
13.0
15.8
17.0
18.9
16.3
16.0
16.4
16.7
13.9
16.8
17.2
16.6
16.8
15.3
11.8
13.3
14.0
13.0
13.3
1990
1991
45.2
38.1
33.0
24.4
25.8
25.4
26.6
22.5
21.5
21.3
21.2
17.7
20.6
20.8
19.9
19.9
18.1
14.2
15.7
16.3
15.1
15.3
1991
1992
31.3
27.3
18.1
21.3
21.8
23.7
19.6
18.8
18.9
19.1
15.5
18.8
19.1
18.3
18.4
16.6
12.6
14.2
14.9
13.8
14.1
1992
1993
23.5
12.1
18.2
19.6
22.3
17.7
17.1
17.5
17.8
14.0
17.7
18.1
17.4
17.5
15.7
11.5
13.3
14.1
12.9
13.3
1993
MATR IX BOOK 2013
1994
1.7
15.6
18.3
22.0
16.6
16.1
16.6
17.1
13.0
17.1
17.7
16.9
17.1
15.1
10.7
12.7
13.6
12.4
12.7
1994
1995
31.4
27.6
29.6
20.7
19.2
19.3
19.5
14.5
19.0
19.4
18.3
18.4
16.2
11.4
13.5
14.3
13.0
13.4
1995
1996
23.8
28.7
17.3
16.3
17.1
17.6
12.3
17.5
18.1
17.1
17.3
15.0
10.0
12.3
13.3
12.0
12.4
1996
1997
33.7
14.1
13.9
15.4
16.4
10.4
16.6
17.4
16.4
16.7
14.3
8.9
11.4
12.6
11.2
11.7
1997
1998
-2.6
5.1
9.9
12.4
6.3
14.0
15.3
14.4
14.9
12.5
6.9
9.8
11.1
9.7
10.4
1998
1999
13.4
16.8
17.9
8.6
17.6
18.6
17.0
17.3
14.3
7.9
11.0
12.3
10.8
11.4
1999
2000
20.2
20.2
7.1
18.7
19.6
17.7
17.9
14.4
7.3
10.7
12.2
10.5
11.2
2000
2001
20.1
1.1
18.2
19.5
17.2
17.5
13.6
5.8
9.7
11.4
9.7
10.5
2001
2002
-14.9
17.3
19.3
16.4
17.0
12.6
3.9
8.5
10.5
8.7
9.7
2002
2003
61.8
41.3
29.3
26.7
19.1
7.4
12.3
14.2
11.7
12.5
2003
2004
23.4
15.6
16.8
10.3
-1.0
5.7
8.7
6.7
8.1
2004
2005
8.3
13.7
6.2
-6.3
2.5
6.4
4.5
6.3
2005
2006
19.3
5.2
-10.8
1.1
6.0
3.8
6.0
2006
2007
-7.2
-22.9
-4.4
2.9
1.0
3.9
2007
2008
-35.8
-2.9
6.5
3.2
6.3
2008
2009
46.9 2010
37.3 28.3 2011
20.9 9.6 -6.3 2012
20.6 13.0 6.0 20.0
2009 2010 2011 2012
27

16. 1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
28
1927
28.1
32.9
3.6
-9.4
-19.0
-16.9
-4.2
-1.6
4.1
8.3
1.1
3.7
3.4
2.8
1.8
3.4
6.4
8.1
10.6
9.4
8.8
8.2
8.8
9.9
10.1
10.0
9.5
11.0
11.3
11.2
10.2
11.5
11.8
11.3
11.8
10.9
11.1
11.3
11.9
11.4
12.7
13.3
12.2
11.6
11.8
11.6
10.4
9.4
10.1
10.8
11.0
11.1
11.6
12.1
11.9
12.1
12.5
12.2
12.5
12.4
12.0
12.2
12.3
11.7
12.2
12.3
12.4
12.2
12.4
12.5
12.7
12.4
12.7
12.3
12.3
11.8
12.3
12.4
12.3
12.4
12.2
11.4
11.8
12.0
11.7
11.8
1927
1928
37.8
-6.9
-19.2
-27.8
-23.7
-8.7
-5.3
1.4
6.3
-1.3
1.7
1.6
1.1
0.2
1.9
5.1
7.0
9.7
8.5
8.0
7.3
7.9
9.2
9.4
9.4
8.9
10.4
10.8
10.6
9.6
11.1
11.3
10.8
11.3
10.5
10.7
10.9
11.5
11.0
12.3
12.9
11.8
11.2
11.5
11.3
10.0
9.0
9.8
10.4
10.6
10.8
11.3
11.8
11.6
11.9
12.2
11.9
12.2
12.2
11.8
12.0
12.0
11.4
11.9
12.1
12.2
12.0
12.2
12.3
12.5
12.2
12.4
12.1
12.1
11.6
12.2
12.2
12.2
12.2
12.0
11.2
11.6
11.8
11.5
11.6
1928
1929
-37.1
-38.2
-41.8
-34.2
-15.9
-11.0
-3.0
2.9
-4.9
-1.3
-1.2
-1.5
-2.3
-0.3
3.2
5.3
8.2
7.1
6.6
6.0
6.7
8.0
8.3
8.3
7.8
9.5
9.9
9.8
8.7
10.3
10.5
10.1
10.6
9.8
10.0
10.2
10.9
10.4
11.7
12.4
11.3
10.7
10.9
10.8
9.5
8.5
9.3
9.9
10.1
10.3
10.9
11.3
11.1
11.4
11.8
11.5
11.8
11.8
11.4
11.6
11.7
11.1
11.6
11.7
11.8
11.6
11.9
11.9
12.1
11.9
12.1
11.7
11.8
11.3
11.8
11.9
11.9
11.9
11.7
10.9
11.3
11.5
11.3
11.3
1929
1930
-39.2
-44.1
-33.3
-9.6
-4.6
4.3
10.4
0.2
3.7
3.4
2.6
1.4
3.3
7.0
9.0
11.9
10.5
9.7
8.9
9.6
10.8
11.0
10.9
10.3
11.9
12.2
12.0
10.9
12.4
12.6
12.1
12.6
11.6
11.8
12.0
12.7
12.1
13.4
14.0
12.9
12.2
12.4
12.2
10.8
9.8
10.6
11.3
11.4
11.6
12.1
12.6
12.4
12.6
13.0
12.7
13.0
12.9
12.5
12.7
12.7
12.1
12.6
12.7
12.8
12.6
12.8
12.9
13.1
12.8
13.1
12.7
12.7
12.2
12.7
12.8
12.7
12.8
12.5
11.7
12.1
12.3
12.0
12.1
1930
1931
-48.5
-30.1
3.2
6.8
16.2
22.0
7.6
10.9
9.7
8.1
6.2
8.0
11.7
13.7
16.6
14.7
13.6
12.5
13.0
14.2
14.2
14.0
13.2
14.8
15.0
14.7
13.4
14.9
15.0
14.4
14.8
13.8
13.9
14.0
14.7
14.0
15.4
15.9
14.7
13.9
14.1
13.9
12.4
11.3
12.1
12.7
12.9
13.0
13.5
14.0
13.7
14.0
14.3
14.0
14.3
14.2
13.7
13.9
13.9
13.3
13.7
13.8
13.9
13.7
13.9
14.0
14.1
13.9
14.1
13.7
13.7
13.2
13.7
13.8
13.6
13.7
13.5
12.6
12.9
13.1
12.9
12.9
1931
1932
-5.0
46.2
36.1
42.4
44.9
21.6
23.7
20.5
17.4
14.2
15.5
19.2
20.8
23.6
20.9
19.4
17.8
18.0
19.1
18.9
18.4
17.3
18.9
18.9
18.4
16.9
18.4
18.4
17.6
17.9
16.7
16.8
16.8
17.4
16.6
18.0
18.5
17.1
16.3
16.4
16.1
14.5
13.3
14.1
14.7
14.8
14.9
15.4
15.8
15.5
15.8
16.1
15.7
16.0
15.8
15.3
15.5
15.5
14.8
15.3
15.3
15.4
15.1
15.3
15.4
15.5
15.2
15.4
15.0
15.0
14.4
14.9
15.0
14.9
14.9
14.6
13.7
14.1
14.3
14.0
14.0
1932
1933
125.0
63.0
63.0
61.0
27.8
29.3
24.7
20.6
16.6
17.8
21.6
23.3
26.1
23.0
21.2
19.4
19.6
20.6
20.3
19.7
18.5
20.1
20.1
19.5
17.9
19.4
19.4
18.5
18.8
17.5
17.6
17.6
18.2
17.3
18.7
19.2
17.8
16.9
17.0
16.7
15.0
13.7
14.5
15.2
15.3
15.4
15.9
16.3
16.0
16.2
16.6
16.1
16.4
16.2
15.7
15.9
15.9
15.1
15.6
15.7
15.8
15.5
15.7
15.7
15.9
15.6
15.8
15.3
15.3
14.7
15.2
15.3
15.2
15.2
14.9
14.0
14.4
14.5
14.3
14.3
1933
Fama/French
US Small Cap Index
1934
18.1
38.8
44.1
10.9
15.7
13.0
10.3
7.4
9.7
14.4
16.7
20.2
17.5
16.0
14.5
14.9
16.3
16.2
15.8
14.8
16.6
16.7
16.3
14.7
16.4
16.5
15.7
16.1
14.9
15.1
15.1
15.8
15.1
16.5
17.1
15.7
14.9
15.0
14.7
13.1
11.9
12.7
13.4
13.6
13.7
14.3
14.7
14.4
14.7
15.0
14.6
14.9
14.8
14.3
14.5
14.5
13.8
14.3
14.4
14.5
14.2
14.5
14.5
14.7
14.4
14.6
14.1
14.2
13.6
14.1
14.2
14.1
14.1
13.9
13.0
13.3
13.5
13.3
13.3
1934
1935
63.1
59.1
8.6
15.2
12.1
9.0
5.9
8.6
14.0
16.6
20.4
17.4
15.8
14.2
14.7
16.2
16.0
15.6
14.6
16.5
16.7
16.2
14.6
16.3
16.4
15.6
16.1
14.8
14.9
15.0
15.7
15.0
16.5
17.1
15.6
14.8
14.9
14.7
13.0
11.7
12.6
13.3
13.5
13.6
14.2
14.6
14.3
14.6
15.0
14.6
14.9
14.7
14.3
14.4
14.5
13.7
14.3
14.4
14.5
14.2
14.4
14.5
14.6
14.3
14.5
14.1
14.1
13.5
14.1
14.2
14.0
14.1
13.8
12.9
13.3
13.5
13.2
13.3
1935
1927–2012: Total Returns (%)
1936
55.3
-11.3
2.6
2.0
0.6
-1.4
2.5
9.0
12.3
16.8
14.0
12.6
11.1
11.9
13.6
13.6
13.3
12.4
14.5
14.7
14.4
12.8
14.6
14.8
14.0
14.6
13.3
13.5
13.7
14.4
13.7
15.2
15.9
14.5
13.6
13.8
13.6
11.9
10.6
11.5
12.3
12.5
12.7
13.2
13.7
13.5
13.8
14.1
13.7
14.1
14.0
13.5
13.7
13.7
13.0
13.5
13.6
13.8
13.5
13.7
13.8
14.0
13.7
13.9
13.5
13.5
12.9
13.5
13.6
13.5
13.5
13.3
12.3
12.7
12.9
12.7
12.7
1936
1937
-49.4
-16.7
-11.3
-9.7
-10.0
-4.3
3.6
7.8
13.1
10.5
9.3
8.1
9.1
11.0
11.3
11.1
10.2
12.5
12.9
12.6
11.1
13.1
13.3
12.6
13.2
12.0
12.2
12.4
13.2
12.5
14.1
14.8
13.4
12.6
12.8
12.6
10.9
9.7
10.6
11.4
11.6
11.8
12.4
12.9
12.7
13.0
13.4
13.0
13.4
13.3
12.8
13.0
13.1
12.3
12.9
13.0
13.1
12.9
13.1
13.2
13.4
13.1
13.4
12.9
13.0
12.4
13.0
13.1
12.9
13.0
12.8
11.8
12.2
12.5
12.2
12.3
1937
1938
37.1
17.4
9.4
3.9
8.6
16.7
20.1
25.1
20.5
18.1
15.8
16.3
18.0
17.7
17.1
15.7
17.9
18.1
17.5
15.5
17.5
17.5
16.5
17.0
15.6
15.7
15.8
16.5
15.6
17.3
17.9
16.3
15.3
15.5
15.2
13.4
12.0
12.9
13.7
13.8
14.0
14.6
15.0
14.7
15.0
15.4
15.0
15.3
15.1
14.6
14.8
14.8
14.0
14.6
14.7
14.8
14.5
14.7
14.8
14.9
14.6
14.8
14.3
14.4
13.8
14.3
14.4
14.3
14.3
14.1
13.1
13.5
13.7
13.4
13.5
1938
GROWTH OF $1
1939
0.5
-2.2
-5.2
2.5
13.1
17.5
23.4
18.5
16.1
13.8
14.6
16.5
16.3
15.8
14.4
16.8
17.0
16.5
14.5
16.6
16.7
15.7
16.2
14.8
14.9
15.0
15.8
14.9
16.6
17.3
15.7
14.7
14.9
14.6
12.8
11.3
12.3
13.1
13.3
13.5
14.1
14.6
14.3
14.6
15.0
14.5
14.9
14.7
14.2
14.4
14.4
13.6
14.2
14.3
14.4
14.1
14.4
14.4
14.6
14.3
14.5
14.0
14.1
13.4
14.0
14.1
14.0
14.0
13.8
12.8
13.2
13.4
13.1
13.2
1939
$100,000
1940
-4.8
-8.0
3.2
16.4
21.2
27.7
21.4
18.2
15.4
16.1
18.1
17.7
17.1
15.5
18.0
18.2
17.5
15.3
17.5
17.5
16.5
17.0
15.4
15.6
15.6
16.4
15.5
17.3
18.0
16.2
15.2
15.4
15.1
13.1
11.7
12.7
13.5
13.7
13.8
14.4
14.9
14.6
14.9
15.3
14.9
15.2
15.0
14.5
14.7
14.7
13.9
14.5
14.6
14.7
14.3
14.6
14.7
14.9
14.5
14.8
14.3
14.3
13.7
14.3
14.3
14.2
14.2
14.0
12.9
13.4
13.6
13.3
13.4
1940
$14,580
$10,000
1941
-11.0
7.4
24.5
28.8
35.5
26.4
22.0
18.2
18.7
20.6
20.0
19.1
17.2
19.8
19.9
19.0
16.6
18.9
18.8
17.6
18.2
16.4
16.5
16.6
17.4
16.4
18.2
18.9
17.0
16.0
16.1
15.7
13.7
12.2
13.2
14.0
14.2
14.4
15.0
15.5
15.1
15.4
15.8
15.3
15.7
15.5
14.9
15.1
15.2
14.3
14.9
15.0
15.1
14.7
15.0
15.1
15.2
14.9
15.1
14.6
14.7
14.0
14.6
14.7
14.5
14.5
14.3
13.2
13.7
13.9
13.6
13.6
1941
1942
29.7
47.3
45.7
50.5
35.6
28.6
23.1
23.0
24.8
23.7
22.3
19.9
22.6
22.5
21.4
18.6
20.9
20.8
19.4
19.9
18.0
18.0
18.0
18.7
17.6
19.5
20.1
18.2
17.0
17.1
16.7
14.6
13.0
14.0
14.8
15.0
15.1
15.8
16.3
15.9
16.2
16.6
16.0
16.4
16.2
15.6
15.7
15.8
14.9
15.5
15.6
15.6
15.3
15.6
15.6
15.8
15.4
15.6
15.1
15.1
14.5
15.1
15.1
15.0
15.0
14.7
13.6
14.1
14.3
14.0
14.0
1942
$1,000
1943
67.4
54.5
58.1
37.1
28.3
22.1
22.1
24.2
23.0
21.6
19.1
22.1
21.9
20.8
17.9
20.4
20.3
18.8
19.4
17.4
17.4
17.5
18.3
17.1
19.1
19.8
17.8
16.6
16.7
16.3
14.1
12.5
13.6
14.4
14.6
14.8
15.4
15.9
15.6
15.9
16.3
15.7
16.1
15.9
15.3
15.5
15.5
14.6
15.2
15.3
15.4
15.0
15.3
15.3
15.5
15.2
15.4
14.9
14.9
14.2
14.8
14.9
14.7
14.8
14.5
13.4
13.9
14.1
13.8
13.8
1943
1944
42.6
53.7
28.3
20.1
14.6
15.8
19.0
18.4
17.3
15.1
18.6
18.7
17.8
15.0
17.7
17.8
16.5
17.1
15.2
15.4
15.5
16.4
15.3
17.4
18.2
16.2
15.0
15.2
14.9
12.7
11.1
12.2
13.1
13.3
13.5
14.2
14.8
14.4
14.8
15.2
14.7
15.1
14.9
14.3
14.5
14.6
13.7
14.3
14.4
14.5
14.2
14.5
14.5
14.7
14.4
14.6
14.1
14.2
13.5
14.1
14.2
14.0
14.1
13.8
12.7
13.2
13.4
13.1
13.2
1944
$100
1945
65.7
21.7
13.4
8.5
11.1
15.5
15.3
14.5
12.4
16.4
16.8
15.9
13.1
16.1
16.3
15.0
15.8
13.9
14.1
14.3
15.3
14.2
16.4
17.3
15.2
14.1
14.3
14.0
11.8
10.2
11.3
12.3
12.5
12.8
13.5
14.1
13.8
14.1
14.6
14.1
14.5
14.3
13.7
13.9
14.0
13.1
13.8
13.9
14.0
13.7
14.0
14.1
14.3
13.9
14.2
13.6
13.7
13.0
13.7
13.8
13.6
13.7
13.4
12.3
12.8
13.0
12.7
12.8
1945
1946
-10.6
-6.2
-5.8
0.6
7.4
8.5
8.6
7.1
12.0
12.8
12.2
9.5
13.0
13.4
12.2
13.2
11.4
11.8
12.1
13.3
12.2
14.6
15.5
13.5
12.4
12.7
12.4
10.2
8.6
9.9
10.9
11.2
11.5
12.2
12.9
12.6
13.0
13.5
13.0
13.4
13.3
12.7
13.0
13.0
12.2
12.8
13.0
13.1
12.8
13.1
13.2
13.5
13.1
13.4
12.9
13.0
12.3
12.9
13.0
12.9
13.0
12.7
11.6
12.1
12.4
12.1
12.1
1946
$10
1947
-1.6
-3.3
4.6
12.5
12.8
12.2
9.9
15.1
15.7
14.8
11.6
15.2
15.5
14.1
15.0
12.9
13.2
13.5
14.7
13.5
15.9
16.9
14.7
13.5
13.8
13.4
11.1
9.4
10.6
11.7
12.0
12.2
13.0
13.7
13.3
13.7
14.2
13.7
14.1
14.0
13.4
13.6
13.7
12.7
13.4
13.6
13.7
13.4
13.7
13.8
14.0
13.6
13.9
13.4
13.4
12.7
13.4
13.5
13.4
13.4
13.1
12.0
12.5
12.8
12.5
12.5
1947
1948
-5.0
7.8
17.6
16.7
15.2
11.9
17.8
18.1
16.8
13.0
16.9
17.1
15.4
16.3
14.0
14.2
14.4
15.6
14.4
16.9
17.8
15.5
14.2
14.5
14.1
11.6
9.8
11.1
12.2
12.5
12.7
13.5
14.1
13.8
14.2
14.7
14.1
14.6
14.4
13.8
14.0
14.1
13.1
13.8
13.9
14.1
13.7
14.0
14.1
14.3
14.0
14.2
13.7
13.7
13.0
13.7
13.8
13.6
13.7
13.4
12.3
12.8
13.0
12.7
12.8
1948
$1
1949
22.4
30.8
25.0
20.9
15.6
22.0
21.8
19.8
15.2
19.4
19.3
17.3
18.1
15.4
15.7
15.8
17.0
15.6
18.1
19.1
16.6
15.1
15.4
14.9
12.3
10.4
11.8
12.9
13.1
13.3
14.2
14.8
14.4
14.8
15.3
14.7
15.1
14.9
14.3
14.5
14.6
13.6
14.3
14.4
14.5
14.1
14.5
14.5
14.8
14.4
14.6
14.1
14.1
13.4
14.1
14.2
14.0
14.1
13.7
12.6
13.1
13.3
13.0
13.1
1949
1950
39.8
26.4
20.4
14.0
22.0
21.7
19.5
14.3
19.0
19.0
16.8
17.8
14.9
15.2
15.3
16.7
15.2
17.9
19.0
16.3
14.8
15.1
14.6
11.9
10.0
11.4
12.5
12.8
13.0
13.9
14.6
14.2
14.6
15.1
14.5
15.0
14.7
14.1
14.3
14.4
13.4
14.1
14.2
14.4
14.0
14.3
14.4
14.6
14.2
14.5
13.9
14.0
13.2
13.9
14.0
13.9
13.9
13.6
12.4
12.9
13.2
12.9
12.9
1950
1951
14.3
11.7
6.5
17.9
18.4
16.4
11.1
16.7
16.9
14.7
16.0
13.1
13.5
13.8
15.3
13.8
16.7
17.9
15.2
13.7
14.0
13.6
10.9
8.9
10.4
11.6
11.9
12.2
13.1
13.8
13.4
13.9
14.4
13.8
14.3
14.1
13.5
13.7
13.8
12.8
13.5
13.7
13.8
13.4
13.8
13.9
14.1
13.7
14.0
13.4
13.5
12.8
13.5
13.6
13.4
13.5
13.2
12.0
12.5
12.8
12.5
12.5
1951
D I M E N S I O N A L F U N D A D VI S O R S
$0
1927
1952
9.2
2.9
19.1
19.4
16.8
10.6
17.0
17.2
14.8
16.1
13.0
13.4
13.7
15.3
13.8
16.9
18.1
15.2
13.6
14.0
13.6
10.7
8.6
10.2
11.5
11.8
12.1
13.0
13.8
13.4
13.8
14.4
13.8
14.3
14.1
13.4
13.7
13.8
12.7
13.5
13.7
13.8
13.4
13.8
13.9
14.1
13.7
14.0
13.4
13.5
12.7
13.5
13.6
13.4
13.5
13.2
12.0
12.5
12.8
12.4
12.5
1952
1953
-3.1
24.4
23.0
18.8
10.8
18.4
18.4
15.5
16.9
13.3
13.8
14.1
15.8
14.1
17.4
18.7
15.6
13.9
14.3
13.8
10.8
8.6
10.2
11.6
11.9
12.2
13.2
14.0
13.5
14.0
14.6
14.0
14.5
14.3
13.6
13.8
13.9
12.8
13.6
13.8
13.9
13.5
13.9
14.0
14.2
13.8
14.1
13.5
13.6
12.8
13.5
13.7
13.5
13.6
13.2
12.0
12.5
12.8
12.5
12.6
1953
2012
Data provided by Fama/French.
1954
59.8
38.6
27.2
14.6
23.2
22.4
18.4
19.7
15.3
15.7
15.8
17.6
15.5
19.1
20.3
16.9
15.0
15.3
14.7
11.5
9.2
10.9
12.3
12.6
12.9
13.9
14.6
14.2
14.6
15.2
14.6
15.1
14.8
14.1
14.3
14.4
13.3
14.1
14.2
14.4
14.0
14.3
14.4
14.6
14.2
14.5
13.9
14.0
13.2
13.9
14.0
13.8
13.9
13.6
12.3
12.8
13.1
12.8
12.9
1954
1955
20.3
13.5
2.6
15.4
16.1
12.7
14.9
10.7
11.6
12.2
14.3
12.4
16.4
17.9
14.5
12.6
13.1
12.6
9.4
7.1
9.0
10.5
10.9
11.3
12.3
13.2
12.8
13.3
13.9
13.3
13.9
13.7
12.9
13.2
13.3
12.2
13.1
13.2
13.4
13.0
13.4
13.5
13.8
13.4
13.7
13.0
13.2
12.3
13.1
13.2
13.1
13.2
12.8
11.6
12.1
12.4
12.1
12.2
1955
1956
7.1
-5.2
13.9
15.1
11.2
14.0
9.4
10.5
11.3
13.7
11.8
16.1
17.7
14.1
12.2
12.7
12.2
8.8
6.5
8.4
10.0
10.5
10.9
12.0
12.9
12.5
13.0
13.7
13.1
13.6
13.5
12.7
13.0
13.1
12.0
12.9
13.1
13.2
12.8
13.2
13.3
13.6
13.2
13.5
12.9
13.0
12.2
13.0
13.1
12.9
13.0
12.7
11.4
12.0
12.3
11.9
12.0
1956
1957
-16.1
17.4
17.9
12.3
15.4
9.8
11.0
11.8
14.5
12.2
16.9
18.6
14.6
12.5
13.1
12.5
9.0
6.5
8.5
10.2
10.7
11.1
12.2
13.2
12.7
13.3
14.0
13.3
13.9
13.7
12.9
13.2
13.3
12.1
13.0
13.2
13.4
13.0
13.4
13.5
13.8
13.4
13.7
13.0
13.1
12.3
13.1
13.2
13.1
13.1
12.8
11.5
12.1
12.4
12.0
12.1
1957
1958
64.3
39.7
23.7
25.0
15.9
16.4
16.5
19.1
15.9
20.9
22.4
17.6
15.1
15.5
14.8
10.7
8.0
10.1
11.8
12.2
12.6
13.7
14.6
14.1
14.6
15.3
14.6
15.1
14.9
14.0
14.3
14.4
13.1
14.0
14.2
14.4
13.9
14.3
14.4
14.6
14.2
14.5
13.8
13.9
13.0
13.8
14.0
13.8
13.8
13.5
12.1
12.7
13.0
12.6
12.7
1958
1959
18.8
7.3
14.1
6.2
8.6
10.0
13.7
11.0
16.8
18.9
14.1
11.7
12.4
11.9
7.9
5.2
7.5
9.4
10.0
10.4
11.8
12.8
12.3
12.9
13.7
13.0
13.6
13.4
12.6
12.9
13.1
11.8
12.8
13.0
13.2
12.7
13.2
13.3
13.6
13.2
13.5
12.8
12.9
12.1
12.9
13.1
12.9
13.0
12.6
11.3
11.9
12.2
11.8
11.9
1959
1960
-3.0
11.9
2.3
6.2
8.4
12.9
9.9
16.6
18.9
13.7
11.1
11.9
11.3
7.1
4.3
6.8
8.9
9.5
10.0
11.4
12.5
12.0
12.7
13.5
12.7
13.4
13.2
12.4
12.7
12.9
11.6
12.6
12.8
13.0
12.6
13.0
13.1
13.5
13.0
13.4
12.7
12.8
11.9
12.8
12.9
12.8
12.9
12.5
11.1
11.7
12.1
11.7
11.8
1960
1961
29.1
5.1
9.4
11.4
16.3
12.2
19.7
22.0
15.7
12.6
13.4
12.6
8.0
4.9
7.5
9.7
10.3
10.8
12.2
13.4
12.8
13.5
14.3
13.5
14.1
13.9
13.0
13.3
13.5
12.1
13.1
13.4
13.6
13.1
13.5
13.6
13.9
13.5
13.8
13.1
13.2
12.3
13.2
13.3
13.1
13.2
12.9
11.4
12.1
12.4
12.0
12.1
1961
1962
-14.4
0.8
6.1
13.4
9.1
18.2
21.0
14.1
10.9
11.9
11.3
6.4
3.2
6.1
8.5
9.2
9.8
11.4
12.6
12.1
12.8
13.6
12.8
13.6
13.3
12.4
12.8
12.9
11.6
12.6
12.9
13.1
12.6
13.1
13.2
13.6
13.1
13.5
12.7
12.9
11.9
12.8
13.0
12.8
12.9
12.5
11.1
11.7
12.1
11.7
11.8
1962
1963
18.6
18.1
24.5
15.9
26.1
28.1
18.9
14.6
15.3
14.2
8.5
4.8
7.9
10.3
11.0
11.5
13.1
14.3
13.7
14.3
15.2
14.2
15.0
14.6
13.6
14.0
14.1
12.6
13.7
13.9
14.1
13.6
14.1
14.2
14.5
14.0
14.3
13.5
13.7
12.7
13.6
13.7
13.5
13.6
13.2
11.7
12.4
12.7
12.3
12.4
1963
1964
17.5
27.5
15.1
28.0
30.1
18.9
14.0
14.9
13.7
7.5
3.6
7.1
9.7
10.5
11.1
12.8
14.1
13.4
14.1
15.0
14.0
14.8
14.5
13.4
13.8
13.9
12.4
13.5
13.8
14.0
13.4
13.9
14.0
14.4
13.8
14.2
13.4
13.5
12.5
13.5
13.6
13.4
13.5
13.1
11.6
12.2
12.6
12.2
12.3
1964
1965
38.4
13.9
31.7
33.5
19.2
13.4
14.5
13.3
6.5
2.3
6.2
9.1
9.9
10.6
12.5
13.8
13.1
13.9
14.9
13.9
14.7
14.3
13.3
13.7
13.8
12.2
13.4
13.6
13.8
13.3
13.8
13.9
14.3
13.7
14.1
13.3
13.4
12.4
13.4
13.5
13.3
13.4
13.0
11.4
12.1
12.5
12.1
12.2
1965
1966
-6.3
28.4
31.9
14.9
9.0
10.9
10.1
3.0
-1.0
3.4
6.8
7.8
8.7
10.8
12.4
11.7
12.6
13.7
12.7
13.6
13.3
12.2
12.7
12.9
11.3
12.5
12.8
13.1
12.5
13.1
13.2
13.6
13.1
13.5
12.7
12.8
11.8
12.8
12.9
12.7
12.9
12.5
10.9
11.6
12.0
11.6
11.7
1966
1967
76.1
56.5
22.9
13.2
14.7
13.1
4.4
-0.3
4.5
8.2
9.2
10.1
12.2
13.8
13.0
13.9
15.0
13.9
14.8
14.4
13.2
13.6
13.8
12.1
13.4
13.6
13.8
13.2
13.8
13.9
14.3
13.7
14.1
13.3
13.4
12.3
13.3
13.5
13.3
13.4
13.0
11.3
12.1
12.4
12.0
12.1
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
39.1
2.7
-2.2
3.1
3.5
-4.3
-8.1
-2.1
2.5
4.1
5.5
8.1
10.1
9.5
10.7
12.0
11.0
12.1
11.8
10.7
11.3
11.5
9.9
11.3
11.6
12.0
11.4
12.0
12.2
12.6
12.1
12.6
11.8
11.9
10.9
12.0
12.2
12.0
12.1
11.7
10.1
10.9
11.3
10.8
11.0
1968
1969
-24.2
-18.1
-6.7
-3.9
-11.2
-14.3
-6.9
-1.4
0.8
2.6
5.7
8.0
7.5
8.9
10.4
9.4
10.6
10.5
9.4
10.1
10.4
8.8
10.2
10.6
11.0
10.5
11.1
11.4
11.8
11.3
11.8
11.0
11.2
10.1
11.3
11.5
11.3
11.5
11.1
9.4
10.2
10.7
10.3
10.4
1969
1970
-11.5
3.5
4.0
-7.6
-12.1
-3.6
2.4
4.5
6.1
9.2
11.5
10.7
12.0
13.4
12.1
13.3
12.9
11.7
12.2
12.5
10.6
12.1
12.5
12.8
12.1
12.8
13.0
13.4
12.8
13.3
12.4
12.5
11.4
12.5
12.7
12.5
12.6
12.2
10.5
11.3
11.7
11.2
11.4
1970
1971
20.9
12.7
-6.3
-12.3
-2.0
4.9
7.0
8.6
11.8
14.1
13.0
14.2
15.6
14.1
15.2
14.7
13.2
13.7
13.9
11.9
13.4
13.7
14.0
13.2
13.9
14.0
14.4
13.8
14.3
13.3
13.4
12.2
13.4
13.5
13.3
13.4
12.9
11.1
11.9
12.3
11.9
12.0
1971
1972
5.0
-17.5
-21.2
-7.0
2.0
4.9
6.9
10.7
13.3
12.2
13.6
15.1
13.5
14.8
14.3
12.7
13.3
13.5
11.4
13.0
13.3
13.6
12.9
13.6
13.8
14.2
13.5
14.0
13.0
13.2
11.9
13.1
13.3
13.1
13.2
12.7
10.9
11.7
12.1
11.7
11.8
1972
1973
-35.1
-31.8
-10.6
1.2
4.8
7.2
11.5
14.4
13.0
14.5
16.1
14.3
15.5
15.0
13.3
13.9
14.0
11.8
13.5
13.8
14.1
13.3
14.0
14.1
14.6
13.9
14.4
13.3
13.5
12.2
13.4
13.6
13.3
13.4
12.9
11.0
11.9
12.3
11.8
12.0
1973
1974
-28.2
4.9
17.4
18.2
18.6
22.1
24.1
21.2
21.9
23.0
20.3
21.2
20.1
17.9
18.2
18.1
15.4
17.0
17.2
17.3
16.3
17.0
17.0
17.3
16.5
16.9
15.7
15.8
14.3
15.5
15.6
15.3
15.4
14.8
12.8
13.6
14.0
13.4
13.5
1974
1975
53.2
50.2
39.6
34.4
35.8
35.9
30.6
30.3
30.6
26.7
27.2
25.4
22.5
22.5
22.1
18.9
20.4
20.4
20.4
19.2
19.7
19.6
19.9
18.8
19.2
17.8
17.8
16.2
17.4
17.5
17.1
17.1
16.4
14.3
15.1
15.5
14.9
14.9
1975
1976
47.3
33.2
28.7
31.7
32.7
27.1
27.3
28.1
24.1
24.8
23.2
20.2
20.4
20.2
16.9
18.6
18.7
18.8
17.6
18.2
18.2
18.5
17.5
18.0
16.6
16.6
15.0
16.3
16.4
16.1
16.1
15.5
13.3
14.1
14.5
13.9
14.0
1976
1977
20.5
20.2
26.9
29.3
23.5
24.2
25.5
21.4
22.5
21.0
18.0
18.4
18.3
15.0
17.0
17.1
17.3
16.2
16.9
16.9
17.3
16.3
16.8
15.5
15.6
13.9
15.3
15.5
15.1
15.2
14.5
12.3
13.3
13.7
13.1
13.2
1977
1978
20.0
30.3
32.4
24.2
25.0
26.4
21.6
22.8
21.0
17.7
18.2
18.1
14.6
16.7
16.9
17.1
15.9
16.7
16.7
17.2
16.1
16.7
15.2
15.4
13.7
15.1
15.3
14.9
15.0
14.4
12.1
13.0
13.5
12.9
13.0
1978
1979
41.4
39.1
25.7
26.3
27.7
21.8
23.2
21.1
17.5
18.0
17.9
14.1
16.5
16.7
16.9
15.7
16.5
16.5
17.0
16.0
16.5
15.0
15.2
13.4
14.9
15.1
14.7
14.8
14.2
11.8
12.8
13.3
12.7
12.8
1979
1980
36.8
18.4
21.6
24.5
18.2
20.4
18.5
14.8
15.7
15.8
11.9
14.6
15.0
15.4
14.1
15.1
15.2
15.8
14.8
15.4
13.9
14.1
12.3
13.9
14.2
13.8
13.9
13.3
10.9
12.0
12.5
11.9
12.1
1980
1981
2.5
14.6
20.6
14.0
17.4
15.7
12.0
13.3
13.7
9.7
12.7
13.3
13.9
12.6
13.8
14.0
14.7
13.6
14.4
12.9
13.1
11.3
13.0
13.3
13.0
13.1
12.5
10.1
11.2
11.8
11.2
11.4
1981
1982
28.1
30.8
18.1
21.4
18.5
13.6
14.9
15.2
10.5
13.8
14.4
14.9
13.5
14.6
14.8
15.5
14.3
15.1
13.4
13.7
11.8
13.5
13.8
13.4
13.6
12.9
10.4
11.5
12.1
11.5
11.7
1982
1983
33.6
13.4
19.2
16.3
10.9
12.9
13.5
8.5
12.3
13.1
13.7
12.3
13.6
13.9
14.7
13.5
14.3
12.7
12.9
11.0
12.9
13.2
12.8
13.0
12.3
9.8
11.0
11.6
10.9
11.1
1983
1984
-3.7
12.7
11.0
5.9
9.1
10.4
5.4
9.9
11.0
11.9
10.6
12.1
12.5
13.4
12.3
13.2
11.5
11.9
9.9
12.0
12.3
12.0
12.2
11.5
8.9
10.2
10.8
10.2
10.4
1984
1985
31.9
19.2
9.3
12.6
13.5
7.0
12.0
13.0
13.8
12.1
13.7
14.0
14.9
13.5
14.5
12.6
12.9
10.8
12.8
13.2
12.8
13.0
12.2
9.5
10.8
11.4
10.8
11.0
1985
1986
7.7
-0.5
6.8
9.3
2.6
9.0
10.6
11.7
10.1
12.0
12.5
13.5
12.2
13.3
11.4
11.8
9.6
11.9
12.2
11.9
12.1
11.4
8.6
10.0
10.7
10.0
10.3
1986
1987
-8.0
6.4
9.8
1.3
9.3
11.1
12.3
10.4
12.5
13.0
14.1
12.6
13.8
11.7
12.1
9.8
12.1
12.5
12.1
12.4
11.6
8.6
10.1
10.8
10.1
10.4
1987
1988
23.1
20.0
4.7
14.1
15.3
16.1
13.3
15.4
15.6
16.6
14.7
15.8
13.3
13.7
11.1
13.5
13.8
13.4
13.6
12.7
9.5
11.0
11.7
10.9
11.2
1988
1989
16.9
-3.5
11.3
13.4
14.8
11.8
14.3
14.7
15.9
13.9
15.1
12.6
13.0
10.2
12.9
13.3
12.8
13.1
12.2
8.8
10.4
11.2
10.4
10.7
1989
1990
-20.4
8.6
12.3
14.2
10.8
13.9
14.4
15.7
13.6
15.0
12.2
12.7
9.7
12.6
13.1
12.6
12.8
11.9
8.4
10.1
10.9
10.1
10.5
1990
1991
48.1
33.4
28.8
20.3
22.3
21.5
22.1
18.7
19.8
16.1
16.3
12.7
15.7
15.9
15.2
15.3
14.2
10.3
12.0
12.8
11.9
12.1
1991
1992
20.2
20.2
12.3
16.6
16.8
18.2
15.0
16.6
13.0
13.5
10.0
13.3
13.8
13.2
13.4
12.3
8.4
10.3
11.2
10.3
10.6
1992
MATR IX BOOK 2013
1993
20.2
8.5
15.4
15.9
17.8
14.2
16.1
12.1
12.8
9.0
12.7
13.2
12.6
12.9
11.8
7.7
9.7
10.7
9.8
10.2
1993
1994
-2.0
13.1
14.5
17.3
13.0
15.5
11.0
11.9
7.8
12.0
12.6
12.0
12.4
11.3
6.9
9.1
10.2
9.3
9.7
1994
1995
30.6
23.9
24.5
17.2
19.3
13.4
14.0
9.1
13.7
14.2
13.4
13.7
12.4
7.6
9.9
11.0
10.0
10.4
1995
1996
17.4
21.5
13.0
16.7
10.2
11.5
6.3
11.7
12.5
11.8
12.3
11.0
6.0
8.5
9.8
8.8
9.3
1996
1997
25.8
10.8
16.4
8.5
10.3
4.6
10.9
11.9
11.2
11.8
10.4
5.1
7.9
9.3
8.2
8.8
1997
1998
-2.3
12.0
3.2
6.8
0.8
8.6
10.1
9.5
10.3
8.9
3.4
6.5
8.1
7.1
7.7
1998
1999
28.4
6.1
10.0
1.6
11.0
12.3
11.3
12.0
10.3
4.0
7.3
9.0
7.8
8.5
1999
2000
-12.3
1.8
-6.0
7.0
9.3
8.7
9.8
8.2
1.6
5.4
7.4
6.3
7.1
2000
2001
18.0
-2.7
14.3
15.5
13.4
14.0
11.5
3.5
7.6
9.6
8.2
8.9
2001
2002
-19.9
12.5
14.6
12.3
13.2
10.4
1.5
6.4
8.7
7.2
8.1
2002
2003
57.8
37.1
25.7
23.5
17.8
5.6
10.7
12.9
10.7
11.4
2003
2004
19.1
12.2
13.8
9.4
-2.5
4.4
7.7
5.9
7.2
2004
2005
5.6
11.2
6.4
-7.3
1.7
5.9
4.2
5.7
2005
2006
17.1
6.8
-11.2
0.7
5.9
3.9
5.8
2006
2007
-2.6
-22.7
-4.2
3.3
1.5
4.0
2007
2008
-38.6
-5.0
5.3
2.5
5.4
2008
2009
47.0
38.0
21.7
20.6
2009
2010
29.5 2011
10.7 -5.4 2012
12.9 5.4 17.4
2010 2011 2012
29

17. 1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1978
11.0
28.6
30.1
26.9
25.7
26.8
26.0
23.4
23.0
19.7
19.5
18.0
14.1
14.8
14.8
14.8
14.1
14.0
15.1
15.3
13.5
12.7
13.5
13.4
13.0
13.8
14.5
14.5
15.1
13.9
11.6
12.1
12.5
12.4
12.6
1978
1979
49.0
40.8
32.7
29.7
30.2
28.7
25.3
24.6
20.7
20.3
18.6
14.4
15.1
15.1
15.1
14.3
14.1
15.3
15.5
13.6
12.8
13.6
13.5
13.1
13.9
14.6
14.6
15.3
14.0
11.6
12.1
12.6
12.5
12.6
1979
1980
33.1
25.3
23.8
25.8
25.0
21.7
21.5
17.5
17.5
16.0
11.7
12.6
12.8
13.0
12.3
12.3
13.6
13.9
12.0
11.3
12.1
12.1
11.7
12.7
13.4
13.4
14.2
12.9
10.5
11.1
11.6
11.5
11.7
1980
1981
17.9
19.4
23.5
23.1
19.6
19.6
15.5
15.7
14.2
9.7
10.9
11.3
11.6
10.9
11.0
12.5
12.9
11.0
10.2
11.2
11.2
10.9
11.9
12.7
12.7
13.5
12.2
9.8
10.4
10.9
10.9
11.1
1981
DOW JONES US
SELECT REIT INDEX
1982
20.9
26.4
24.9
20.0
20.0
15.1
15.4
13.7
8.8
10.3
10.7
11.1
10.4
10.5
12.1
12.6
10.6
9.8
10.8
10.9
10.5
11.6
12.5
12.5
13.4
12.0
9.5
10.1
10.7
10.6
10.8
1982
1978–2012: Total Returns (%)
1983
32.2
26.9
19.7
19.7
13.9
14.5
12.7
7.4
9.1
9.7
10.2
9.5
9.8
11.5
12.0
10.0
9.2
10.3
10.4
10.0
11.2
12.1
12.2
13.1
11.6
9.1
9.7
10.3
10.3
10.5
1983
1984
21.9
13.9
15.8
9.8
11.3
9.8
4.3
6.5
7.5
8.2
7.7
8.1
10.1
10.7
8.6
7.9
9.1
9.3
9.0
10.2
11.2
11.3
12.3
10.9
8.2
8.9
9.6
9.6
9.8
1984
1985
6.5
12.9
6.0
8.8
7.5
1.6
4.5
5.8
6.8
6.4
6.9
9.1
9.9
7.7
7.0
8.4
8.6
8.3
9.6
10.7
10.8
11.9
10.4
7.7
8.5
9.1
9.2
9.4
1985
1992
1992–2012:
1992 -17.9 1993
1993 0.3 22.4 1994
1994 2.4 14.4 6.9 1995
1995 3.7 12.1 7.3 7.8 1996
1996 4.5 10.9 7.3 7.6 7.4 1997
1997 4.2 9.3 6.2 6.0 5.1 2.8 1998
1998 6.1 10.7 8.5 8.9 9.3 10.2 18.1 1999
1999 10.3 15.0 13.8 15.3 17.2 20.7 30.8 44.8 2000
2000 6.3 9.7 8.0 8.2 8.3 8.6 10.6 7.0 -21.0 2001
2001 3.2 5.8 3.9 3.5 2.8 1.9 1.6 -3.3 -21.0 -21.0 2002
2002 2.0 4.2 2.3 1.8 1.0 -0.1 -0.6 -4.8 -17.3 -15.4 -9.3 2003
2003 4.6 6.9 5.5 5.3 5.0 4.7 5.0 2.6 -5.9 -0.3 12.1 38.5 2004
2004 5.6 7.9 6.7 6.6 6.5 6.4 6.9 5.2 -1.4 4.3 14.4 28.4 19.1 2005
2005 6.5 8.6 7.5 7.6 7.6 7.6 8.2 6.9 1.6 6.8 15.2 24.8 18.5 17.8 2006
2006 7.5 9.6 8.7 8.8 8.9 9.1 9.8 8.8 4.4 9.4 16.8 24.4 20.0 20.4 23.0 2007
2007 7.9 9.9 9.1 9.3 9.4 9.6 10.3 9.4 5.7 10.1 16.4 22.4 18.6 18.5 18.8 14.7 2008
1926
2008 4.2 5.8 4.8 4.6 4.4 4.2 4.3 3.0 -0.8 2.0 5.8 8.6 3.4 -0.2 -5.6 -17.3 -40.3 2009
2009 5.6 7.2 6.3 6.3 6.2 6.1 6.4 5.3 2.1 5.0 8.8 11.7 7.7 5.6 2.7 -3.3 -11.2 32.2 2010
2010 5.9 7.4 6.6 6.6 6.5 6.5 6.8 5.9 2.9 5.6 9.1 11.7 8.3 6.6 4.4 0.2 -4.2 21.5 11.6 2011
2011 5.1 6.5 5.7 5.6 5.5 5.3 5.5 4.6 1.8 4.2 7.1 9.1 5.9 4.1 2.0 -1.8 -5.5 10.2 0.6 -9.4 2012
2012 5.7 7.0 6.3 6.2 6.1 6.1 6.3 5.5 3.0 5.3 8.0 9.9 7.2 5.7 4.1 1.3 -1.2 12.0 6.0 3.3 17.9
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GROWTH OF $1
1986
19.7
5.8
9.5
7.8
0.7
4.2
5.7
6.8
6.4
6.9
9.4
10.2
7.8
7.0
8.5
8.7
8.4
9.8
10.9
11.1
12.1
10.6
7.7
8.5
9.3
9.3
9.5
1986
$100,000
1987
-6.6
4.8
4.1
-3.6
1.3
3.5
5.1
4.8
5.6
8.4
9.4
6.9
6.1
7.7
8.0
7.7
9.2
10.5
10.6
11.8
10.2
7.2
8.1
8.8
8.9
9.2
1987
1988
17.5
9.9
-2.6
3.4
5.7
7.2
6.5
7.2
10.2
11.1
8.2
7.3
8.9
9.2
8.8
10.3
11.5
11.7
12.8
11.1
7.9
8.8
9.6
9.6
9.9
1988
$10,000
1989
2.7
-11.3
-0.9
2.9
5.2
4.8
5.8
9.3
10.4
7.3
6.4
8.2
8.5
8.2
9.9
11.2
11.3
12.6
10.7
7.5
8.4
9.2
9.2
9.5
1989
1990
-23.4
-2.6
3.0
5.9
5.2
6.4
10.3
11.4
7.8
6.7
8.7
9.0
8.6
10.4
11.8
11.9
13.2
11.2
7.7
8.7
9.5
9.5
9.9
1990
$1,000
1991
23.8
19.4
18.0
13.9
13.6
17.2
17.6
12.5
10.8
12.6
12.6
11.8
13.5
14.8
14.8
16.0
13.7
9.8
10.7
11.5
11.4
11.7
1991
$63
$100
1992
15.1
15.1
10.8
11.2
15.9
16.5
11.0
9.2
11.5
11.5
10.8
12.7
14.2
14.1
15.5
13.1
9.0
10.0
10.9
10.8
11.1
1992
1993
15.1
8.7
9.9
16.1
16.8
10.3
8.4
11.0
11.2
10.4
12.5
14.1
14.1
15.5
12.9
8.7
9.7
10.7
10.6
10.9
1993
$10
1994
2.7
7.3
16.4
17.2
9.4
7.3
10.4
10.7
9.9
12.2
14.0
14.0
15.5
12.8
8.2
9.4
10.4
10.4
10.7
1994
1995
12.2
24.0
22.6
11.2
8.3
11.8
11.9
10.8
13.4
15.2
15.1
16.7
13.6
8.6
9.9
10.9
10.8
11.2
1995
$1
1996
37.1
28.1
10.8
7.3
11.7
11.8
10.6
13.5
15.5
15.4
17.1
13.7
8.4
9.7
10.8
10.7
11.1
1996
1997
19.7
-0.3
-1.1
6.1
7.3
6.7
10.5
13.1
13.2
15.3
11.8
6.3
7.8
9.2
9.2
9.7
1997
1998
-17.0
-10.1
1.9
4.5
4.3
9.0
12.2
12.4
14.8
11.1
5.1
6.9
8.4
8.5
9.0
1998
$0
1978
1926
1999
-2.6
13.0
12.8
10.4
15.1
18.0
17.4
19.5
14.7
7.7
9.4
10.8
10.7
11.2
1999
2000
31.0
21.3
15.1
20.0
22.6
21.1
23.1
17.1
8.9
10.7
12.1
11.9
12.3
2000
2012
Data provided by Dow Jones Indexes.
2001
12.3
7.9
16.6
20.5
19.2
21.8
15.2
6.4
8.6
10.4
10.3
10.9
2001
2002
3.6
18.8
23.4
20.9
23.8
15.7
5.5
8.2
10.2
10.1
10.7
2002
2003
36.2
34.7
27.3
29.4
18.3
5.9
8.8
11.1
10.9
11.5
2003
2004
33.2
23.1
27.3
14.2
0.7
4.8
7.9
8.1
9.0
2004
2005
13.8 2006
24.4 36.0
8.5 5.9
-6.1 -12.0
-0.1 -3.3
4.2 2.3
4.9 3.5
6.3 5.3
2005 2006
2007
-17.6
-29.2
-13.6
-4.7
-2.0
0.9
2007
2008
-39.2
-11.6
0.0
2.3
5.1
2008
1992–2012: Total Returns (%)
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1992
3.7
1.3
6.2
8.4
11.2
8.6
2.6
5.1
7.8
4.7
6.4
7.8
7.9
8.8
8.4
8.8
5.5
6.2
6.8
5.6
5.3
1992
GROWTH OF $1
1993
-1.1
7.4
9.9
13.1
9.6
2.4
5.3
8.3
4.8
6.7
8.2
8.3
9.2
8.7
9.2
5.6
6.4
6.9
5.8
5.4
1993
$100,000
1994
16.6
15.9
18.3
12.4
3.1
6.4
9.7
5.5
7.6
9.2
9.2
10.1
9.5
10.0
6.1
6.9
7.4
6.1
5.8
1994
1995
15.2
19.1
11.1
0.0
4.5
8.6
4.0
6.6
8.4
8.4
9.6
8.9
9.5
5.4
6.2
6.9
5.6
5.2
1995
$10,000
1996
23.2
9.1
-4.6
1.9
7.3
2.3
5.4
7.5
7.7
9.0
8.4
9.0
4.7
5.6
6.3
5.0
4.6
1996
1997
-3.4
-16.0
-4.3
3.7
-1.4
2.7
5.5
5.9
7.5
7.0
7.8
3.3
4.4
5.2
3.9
3.6
1997
$1,000
1998
-27.0
-4.7
6.2
-0.9
3.9
7.0
7.3
9.0
8.2
9.0
3.9
5.1
5.9
4.4
4.0
1998
1999
24.3 2000
28.0 31.8
9.7 3.0
13.5 10.1
15.5 13.4
14.4
1926 12.6
15.4 14.0
13.7 12.2
13.9 12.7
7.6 5.9
8.6 7.1
9.3 8.0
7.3 6.0
6.7 5.5
1999 2000
$100
2001
-19.5
0.7
7.9
8.2
10.7
9.2
10.2
3.0
4.7
5.8
3.9
3.5
2001
D I M E N S I O N A L F U N D A D VI S O R S
$10
2002
25.9
24.9
19.4
19.9
16.1
16.1
6.7
8.2
9.1
6.6
5.9
2002
2003
23.9
16.3
18.0
13.8
14.3
3.8
5.9
7.2
4.7
4.1
2003
$2.97
$1
2004
9.1
15.1
10.6
12.0
0.2
3.1
5.0
2.5
2.1
2004
2005
21.4
11.3
12.9
-1.9
2.0
4.3
1.6
1.2
2005
2006
2.1
8.9
-8.6
-2.4
1.2
-1.4
-1.3
2006
Total Returns (%) in US Dollars
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$3.19
$1
$0
1992
2012
Index data compiled by
Dimensional incorporating new
research on direct profitability.
2009
28.5 2010
28.3 28.1 2011
21.6 18.4 9.4 2012
20.5 17.9 13.2 17.1
2009 2010 2011 2012
DOW JONES-UBS
commodity index
30
Dimensional International
Large CAP Growth Index
$0
1992
2007
16.2
-13.5
-3.8
1.0
-2.1
-1.9
2007
2012
Data provided by Dow Jones Indexes.
2008
-35.6
-12.5
-3.7
-6.2
-5.2
2008
2009
18.9 2010
17.9 16.8 2011
6.4 0.6 -13.3 2012
4.5 0.1 -7.4 -1.1
2009 2010 2011 2012
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1970
-11.7
7.0
16.0
7.3
0.4
5.5
5.1
6.6
9.3
8.8
10.0
8.9
8.0
9.1
9.0
11.4
14.2
14.8
15.5
15.2
13.0
12.9
11.7
12.5
12.3
12.3
12.0
11.7
11.9
12.4
11.4
10.2
9.3
10.1
10.4
10.5
10.9
10.9
9.0
9.5
9.4
8.9
9.1
1970
1971
29.6
32.9
14.6
3.7
9.4
8.2
9.5
12.2
11.3
12.4
11.0
9.9
10.9
10.6
13.2
16.1
16.6
17.2
16.8
14.4
14.3
12.9
13.7
13.5
13.4
13.1
12.6
12.9
13.3
12.3
11.0
10.1
10.8
11.1
11.2
11.6
11.5
9.6
10.1
10.0
9.4
9.6
1971
MSCI EAFE INDEX
1972
36.3
7.7
-3.8
4.8
4.4
6.5
9.9
9.3
10.7
9.3
8.2
9.4
9.3
12.1
15.2
15.8
16.5
16.2
13.6
13.6
12.2
13.0
12.8
12.7
12.5
12.0
12.3
12.8
11.7
10.4
9.5
10.3
10.6
10.7
11.1
11.1
9.1
9.6
9.6
9.0
9.2
1972
1970–2012: Total Returns (%) in US Dollars
1973
-14.9
-19.1
-4.0
-2.4
1.4
6.0
5.8
7.8
6.6
5.8
7.3
7.3
10.4
13.9
14.5
15.4
15.1
12.5
12.5
11.1
12.0
11.8
11.8
11.6
11.1
11.5
12.0
11.0
9.6
8.7
9.5
9.9
10.0
10.4
10.4
8.4
9.0
8.9
8.3
8.6
1973
1974
-23.2
2.0
2.2
5.9
10.8
9.8
11.5
9.7
8.3
9.8
9.6
12.9
16.4
17.0
17.7
17.3
14.4
14.2
12.7
13.6
13.3
13.2
12.9
12.4
12.7
13.2
12.1
10.6
9.6
10.5
10.8
10.8
11.3
11.3
9.2
9.7
9.7
9.0
9.2
1974
1975
35.4
17.8
17.9
21.4
17.9
18.7
15.4
13.1
14.2
13.5
16.9
20.5
20.8
21.4
20.6
17.2
16.9
15.1
15.9
15.5
15.3
14.9
14.3
14.5
15.0
13.7
12.1
11.0
11.8
12.1
12.2
12.6
12.5
10.3
10.9
10.8
10.1
10.3
1975
GROWTH OF $1
1976
2.5
10.0
17.1
13.9
15.6
12.4
10.2
11.8
11.3
15.2
19.3
19.7
20.3
19.6
16.1
15.9
14.0
14.9
14.6
14.4
14.0
13.4
13.7
14.2
12.9
11.3
10.2
11.1
11.4
11.5
11.9
11.9
9.6
10.2
10.1
9.4
9.6
1976
$100,000
1977
18.1
25.1
17.9
19.1
14.5
11.6
13.2
12.5
16.7
21.1
21.4
22.0
21.0
17.1
16.8
14.7
15.7
15.3
15.0
14.6
13.9
14.2
14.7
13.4
11.7
10.5
11.4
11.7
11.8
12.2
12.2
9.8
10.4
10.4
9.6
9.9
1977
1978
32.6
17.9
19.4
13.6
10.3
12.4
11.7
16.5
21.4
21.7
22.3
21.3
17.1
16.7
14.5
15.6
15.1
14.9
14.4
13.7
14.0
14.6
13.2
11.4
10.2
11.2
11.5
11.6
12.0
12.0
9.6
10.2
10.1
9.4
9.6
1978
$10,000
1979
4.8
13.3
7.9
5.3
8.8
8.5
14.3
20.1
20.6
21.3
20.3
15.9
15.6
13.3
14.5
14.1
13.9
13.5
12.8
13.2
13.8
12.3
10.6
9.3
10.4
10.8
10.9
11.4
11.4
8.9
9.6
9.5
8.8
9.0
1979
1980
22.6
9.4
5.5
9.8
9.3
16.0
22.5
22.7
23.3
22.0
16.9
16.5
14.0
15.3
14.7
14.5
14.0
13.3
13.6
14.3
12.7
10.9
9.6
10.6
11.0
11.1
11.6
11.6
9.0
9.7
9.7
8.9
9.1
1980
$1,000
1981
-2.3
-2.1
5.9
6.2
14.7
22.4
22.8
23.4
21.9
16.4
16.0
13.3
14.7
14.2
14.0
13.5
12.8
13.1
13.8
12.2
10.3
9.0
10.1
10.5
10.7
11.2
11.2
8.6
9.3
9.2
8.5
8.7
1981
$100
1982
-1.9
10.2
9.2
19.4
28.1
27.5
27.6
25.3
18.7
18.0
14.9
16.2
15.6
15.3
14.6
13.8
14.1
14.8
13.1
11.0
9.6
10.7
11.1
11.2
11.8
11.8
9.0
9.7
9.7
8.9
9.1
1982
1983
23.7
15.2
27.5
36.9
34.4
33.3
29.8
21.5
20.4
16.7
18.1
17.2
16.7
15.9
14.9
15.2
15.9
14.0
11.7
10.2
11.4
11.8
11.8
12.4
12.4
9.4
10.2
10.1
9.3
9.5
1983
$42
$10
1984
7.4
29.5
41.6
37.2
35.3
30.9
21.2
20.0
15.9
17.5
16.6
16.1
15.3
14.3
14.7
15.4
13.4
11.1
9.5
10.8
11.2
11.3
11.9
11.9
8.9
9.7
9.6
8.8
9.1
1984
1985
56.2
62.7
48.8
43.4
36.1
23.7
22.0
17.1
18.7
17.5
17.0
16.0
14.8
15.2
16.0
13.8
11.3
9.6
11.0
11.4
11.5
12.2
12.1
9.0
9.8
9.7
8.8
9.1
1985
$1
1986
69.4
45.3
39.4
31.5
18.0
17.0
12.3
14.7
13.9
13.6
12.9
11.9
12.5
13.5
11.4
9.0
7.4
8.9
9.5
9.7
10.4
10.4
7.3
8.2
8.2
7.3
7.7
1986
1987
24.6
26.4
20.9
7.8
8.7
4.9
8.5
8.4
8.7
8.4
7.8
8.8
10.1
8.1
5.9
4.3
6.1
6.8
7.2
8.1
8.2
5.1
6.1
6.2
5.4
5.8
1987
1988
28.3
19.1
2.8
5.0
1.3
6.0
6.2
6.8
6.8
6.2
7.4
8.9
7.0
4.6
3.1
5.0
5.9
6.3
7.3
7.4
4.2
5.3
5.4
4.6
5.1
1988
1926
1989
10.5
-8.0
-1.7
-4.5
2.0
2.9
4.1
4.3
4.0
5.5
7.3
5.3
3.0
1.5
3.6
4.6
5.1
6.2
6.5
3.1
4.4
4.5
3.7
4.3
1989
1990
-23.4
-7.4
-9.0
0.0
1.5
3.1
3.5
3.3
5.0
7.0
4.9
2.4
0.9
3.2
4.2
4.8
5.9
6.2
2.8
4.1
4.2
3.4
4.0
1990
$0
1970
2012
Data copyright MSCI 2013, all rights reserved.
1991
12.1
-0.8
9.3
8.9
9.4
8.8
7.8
9.2
11.1
8.2
5.1
3.2
5.6
6.5
7.0
8.1
8.3
4.5
5.7
5.8
4.9
5.4
1991
1992
-12.2
7.9
7.9
8.7
8.2
7.1
8.8
10.9
7.8
4.5
2.4
5.0
6.1
6.6
7.9
8.1
4.0
5.4
5.5
4.6
5.1
1992
1993
32.6 1994
19.5 7.8 1995
16.7 9.5 11.2 1996
13.9 8.3 8.6 6.0 1997
11.4 6.6 6.3 3.9 1.8 1998
12.8 9.2 9.6 9.0 10.5 20.0 1999
14.7 12.0 12.8 13.2 15.7 23.4 27.0 2000
10.6 7.8 7.8 7.1 7.4 9.4 4.4 -14.2 2001
6.5 3.6 3.0 1.7 0.9 0.7 -5.0 -17.9 -21.4 2002
4.0 1.2 0.4 -1.0 -2.1 -2.9 -7.9 -17.2 -18.7 -15.9 2003
6.8 4.5 4.1 3.3 2.9 3.0 -0.1 -5.9 -2.9 7.9 38.6 2004
7.8 5.8 5.6 5.0 4.9 5.3 3.1 -1.1 2.4 11.9 29.1 20.2 2005
8.2 6.4 6.3 5.8 5.8 6.3 4.5 1.2 4.6 12.3 23.7 16.8 13.5 2006
9.4 7.8 7.9 7.6 7.7 8.4 7.0 4.4 7.9 15.0 24.3 19.9 19.8 26.3 2007
9.6 8.1 8.1 7.9 8.0 8.7 7.5 5.3 8.4 14.3 21.6 17.7 16.8 18.5 11.2 2008
5.1 3.5 3.2 2.6 2.4 2.4 0.8 -1.8 -0.1 3.4 7.0 1.7 -2.5 -7.4 -20.7 -43.4 2009
6.5 5.1 4.9 4.5 4.4 4.6 3.3 1.2 3.0 6.6 10.3 6.2 3.5 1.2 -6.0 -13.6 31.8 2010
6.6 5.3 5.1 4.7 4.6 4.8 3.6 1.8 3.5 6.7 10.0 6.4 4.2 2.5 -2.8 -7.0 19.2 7.8 2011
5.5 4.2 4.0 3.6 3.4 3.5 2.3 0.5 2.0 4.7 7.2 3.9 1.7 -0.1 -4.7 -8.3 7.6 -2.7 -12.1 2012
6.1 4.9 4.7 4.3 4.2 4.4 3.3 1.7 3.2 5.8 8.2 5.3 3.5 2.2 -1.4 -3.7 10.0 3.6 1.5 17.3
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
31

18. Dimensional INTERNATIONAL
ADJUSTED MARKET INDEX
1994–2012: Total Returns (%) in US Dollars
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1994
12.0
8.7
7.8
4.1
6.2
9.4
6.8
3.6
2.2
6.4
8.1
9.0
10.3
10.3
5.3
7.2
7.7
6.3
6.9
1994
GROWTH OF $1
1995
5.6
5.8
1.6
4.7
8.9
5.9
2.4
1.0
5.7
7.7
8.7
10.2
10.2
4.9
6.9
7.4
6.0
6.6
1995
$100,000
1996
5.9
-0.3
4.5
9.8
6.0
1.9
0.4
5.8
8.0
9.1
10.6
10.6
4.8
7.0
7.5
6.0
6.7
1996
1997
-6.2
3.8
11.1
6.0
1.1
-0.5
5.7
8.2
9.4
11.1
11.0
4.7
7.1
7.7
6.0
6.7
1997
$10,000
1998
14.7
20.9
10.4
3.0
0.6
7.9
10.5
11.5
13.2
12.9
5.8
8.3
8.8
6.9
7.6
1998
1999
27.5
8.3
-0.6
-2.6
6.5
9.8
11.1
13.0
12.7
4.9
7.7
8.3
6.3
7.1
1999
$1,000
2000
-8.0
-12.2
-11.0
1.9
6.5
8.6
11.1
11.0
2.7
6.0
6.7
4.8
5.7
2000
2001
-16.3
-12.4
5.4
10.5
12.2
14.7
14.0
4.1
7.6
8.3
6.0
6.9
2001
$100
2002
-8.4
18.3
21.2
20.8
22.1
20.0
7.4
11.1
11.5
8.5
9.3
2002
2003
52.6
39.5
32.4
31.2
26.7
10.3
14.2
14.2
10.6
11.3
2003
$10
2004
27.4
23.3
24.8
20.9
3.4
8.8
9.6
6.2
7.4
2004
$3.53
$1
2005
19.3 2006
1926
23.5 27.7
18.8 18.5
-1.9 -8.1
5.4 2.1
6.9 4.6
3.5 1.1
5.2 3.3
2005 2006
2007
10.0
-22.1
-5.2
-0.5
-3.5
-0.3
2007
$0
1994
2008
-44.8
-12.0
-3.8
-6.7
-2.2
2008
2009
40.4 2010
26.9 14.8 2011
11.2 -1.0 -14.7 2012
12.8 4.9 0.2 17.8
2009 2010 2011 2012
2012
Index data compiled by Dimensional.
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1975
39.0
19.9
23.2
27.8
23.1
22.4
20.4
17.3
18.6
17.6
20.6
23.8
24.7
25.6
25.1
21.5
20.8
18.8
20.2
20.0
19.5
19.1
18.2
18.4
18.9
18.3
16.9
15.6
17.1
17.5
17.5
17.9
17.6
14.9
15.8
15.7
14.7
14.9
1975
1976
3.4
15.9
24.2
19.4
19.3
17.5
14.5
16.3
15.4
18.9
22.5
23.5
24.6
24.2
20.4
19.7
17.7
19.2
19.0
18.6
18.2
17.3
17.6
18.2
17.6
16.1
14.8
16.4
16.9
16.8
17.3
16.9
14.3
15.2
15.1
14.1
14.3
1976
1977
30.0
36.2
25.3
23.7
20.6
16.5
18.2
17.1
20.8
24.6
25.6
26.6
25.9
21.7
20.9
18.7
20.2
20.0
19.5
19.0
18.0
18.2
18.8
18.2
16.6
15.3
16.9
17.4
17.3
17.8
17.4
14.6
15.6
15.5
14.4
14.6
1977
1978
42.7
23.0
21.6
18.4
13.9
16.4
15.3
19.7
24.1
25.1
26.3
25.6
21.1
20.3
18.0
19.6
19.4
18.9
18.4
17.4
17.7
18.4
17.7
16.1
14.7
16.4
16.9
16.9
17.4
17.0
14.2
15.1
15.1
14.0
14.2
1978
Fama/French
INTERNATIONAL VALUE INDEX
1979
6.1
12.3
11.2
7.7
11.7
11.3
16.7
21.9
23.3
24.7
24.1
19.5
18.7
16.4
18.2
18.1
17.6
17.2
16.2
16.6
17.3
16.7
15.1
13.7
15.5
16.0
16.0
16.6
16.2
13.3
14.3
14.3
13.2
13.4
1979
1975–2012: Total Returns (%) in US Dollars
1980
18.9
13.8
8.3
13.2
12.3
18.6
24.3
25.6
27.0
26.1
20.8
19.8
17.2
19.1
18.9
18.4
17.9
16.8
17.2
17.9
17.2
15.5
14.0
15.9
16.5
16.4
17.0
16.6
13.6
14.6
14.6
13.4
13.7
1980
1981
9.0
3.3
11.4
10.8
18.5
25.3
26.6
28.1
26.9
21.0
19.9
17.1
19.2
18.9
18.3
17.8
16.7
17.1
17.9
17.1
15.3
13.8
15.8
16.4
16.3
16.9
16.5
13.4
14.5
14.4
13.3
13.5
1981
GROWTH OF $1
1982
-2.1
12.5
11.4
21.0
28.8
29.8
31.0
29.4
22.4
21.1
17.9
20.0
19.7
19.0
18.4
17.2
17.6
18.4
17.6
15.6
14.0
16.1
16.7
16.6
17.2
16.8
13.6
14.7
14.6
13.4
13.6
1982
1983
29.4
18.8
29.9
38.0
37.4
37.6
34.6
25.8
24.0
20.1
22.3
21.8
20.8
20.1
18.6
18.9
19.7
18.8
16.7
14.9
17.0
17.6
17.5
18.1
17.6
14.2
15.3
15.3
14.0
14.2
1983
$100,000
1984
9.0
30.1
40.9
39.4
39.3
35.5
25.3
23.3
19.1
21.6
21.1
20.2
19.4
17.9
18.2
19.1
18.2
16.0
14.2
16.5
17.1
17.0
17.7
17.2
13.7
14.8
14.8
13.5
13.7
1984
$10,000
1985
55.2
60.2
51.4
48.1
41.5
28.3
25.5
20.4
23.1
22.4
21.2
20.3
18.6
18.9
19.8
18.8
16.4
14.5
16.9
17.5
17.4
18.1
17.5
13.9
15.1
15.0
13.6
13.9
1985
1986
65.4
49.5
45.8
38.3
23.5
21.1
16.1
19.6
19.2
18.3
17.5
16.0
16.5
17.6
16.7
14.3
12.5
15.0
15.8
15.8
16.5
16.1
12.3
13.7
13.6
12.3
12.6
1986
$1,000
1987
35.1
36.8
30.3
14.8
13.8
9.5
14.2
14.4
13.9
13.6
12.3
13.2
14.6
13.8
11.6
9.8
12.6
13.5
13.6
14.5
14.1
10.4
11.8
11.9
10.5
10.9
1987
1988
38.6
28.0
8.7
9.0
4.9
11.0
11.7
11.5
11.4
10.2
11.4
13.0
12.3
10.0
8.3
11.3
12.4
12.5
13.5
13.1
9.3
10.9
11.0
9.6
10.1
1988
1989
18.2
-3.7
0.6
-2.1
6.2
7.8
8.1
8.4
7.5
8.9
10.9
10.3
8.1
6.4
9.7
10.9
11.2
12.3
11.9
8.0
9.7
9.8
8.5
9.0
1989
1990
-21.6
-7.2
-8.1
3.4
5.8
6.5
7.1
6.2
8.0
10.2
9.7
7.3
5.5
9.1
10.4
10.7
11.9
11.6
7.5
9.3
9.5
8.1
8.6
1990
$10
1991
9.9
-0.4
13.3
14.0
13.3
12.8
10.9
12.4
14.5
13.4
10.4
8.2
11.9
13.2
13.3
14.5
14.0
9.4
11.2
11.3
9.8
10.3
1991
1992
-9.8
15.1
15.4
14.1
13.4
11.1
12.7
15.1
13.8
10.5
8.0
12.1
13.4
13.6
14.8
14.2
9.4
11.3
11.4
9.7
10.3
1992
$1
1993
46.9
30.6
23.5
20.0
15.8
17.0
19.2
17.2
13.0
10.0
14.4
15.6
15.6
16.8
16.0
10.7
12.7
12.7
10.9
11.4
1993
1994
16.2
13.2
12.2
9.1
11.8
15.1
13.4
9.3
6.5
11.5
13.1
13.3
14.7
14.1
8.7
10.8
10.9
9.2
9.8
1994
1995
10.3
10.3
6.9
10.7
14.9
13.0
8.4
5.3
11.0
12.8
13.0
14.6
13.9
8.1
10.5
10.6
8.8
9.4
1995
1996
10.2
5.2
10.9
16.0
13.5
8.1
4.6
11.1
13.1
13.3
15.0
14.2
8.0
10.5
10.6
8.7
9.4
1996
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
32
GROWTH OF $1
1995
4.8
5.2
0.1
3.1
7.2
4.9
1.9
0.9
6.1
8.2
9.3
10.8
10.6
5.2
7.4
7.9
6.4
7.0
1995
1996
5.5
-2.1
2.5
7.8
4.9
1.4
0.4
6.2
8.6
9.8
11.3
11.1
5.2
7.5
8.2
6.5
7.1
1996
1997
-9.2
1.1
8.5
4.8
0.6
-0.4
6.3
9.0
10.3
11.9
11.6
5.2
7.7
8.4
6.6
7.2
1997
$10,000
1998
12.4
18.7
9.9
3.2
1.4
9.2
11.9
13.0
14.6
13.9
6.6
9.2
9.8
7.8
8.4
1998
1999
25.2
8.6
0.3
-1.2
8.5
11.8
13.0
14.8
14.1
6.0
8.9
9.6
7.4
8.2
1999
$1,000
2000
-5.8
-10.2
-8.7
4.7
9.3
11.1
13.4
12.8
4.0
7.4
8.3
6.1
6.9
2000
2001
-14.4
-10.0
8.4
13.5
14.9
17.0
15.7
5.4
9.0
9.8
7.2
8.1
2001
$100
2002
-5.5
22.1
24.6
23.6
24.6
21.7
8.5
12.4
12.9
9.7
10.4
2002
2003
57.6
43.1
35.2
33.4
28.0
11.0
15.2
15.4
11.5
12.1
2003
$10
2004
29.9
25.2
26.2
21.5
3.5
9.3
10.4
6.8
8.0
2004
$3.78
$1
2005
20.6 2006
1926
24.4 28.4
18.9 18.0
-2.2 -8.8
5.6 2.2
7.5 5.0
3.8 1.2
5.5 3.5
2005 2006
2007
8.5
-23.1
-5.3
-0.1
-3.5
-0.2
2007
$0
1994
2008
-45.5
-11.6
-2.8
-6.2
-1.8
2008
D I M E N S I O N A L F U N D A D VI S O R S
2009
43.4 2010
29.7 17.3 2011
12.3 -0.6 -15.7 2012
13.8 5.3 -0.2 18.1
2009 2010 2011 2012
2012
Index data compiled by Dimensional.
2012
Data provided by Fama/French.
1997
0.4
11.2
18.0
14.4
7.7
3.7
11.2
13.5
13.7
15.5
14.6
7.8
10.5
10.7
8.6
9.3
1997
1998
23.1
28.0
19.4
9.6
4.4
13.2
15.5
15.5
17.3
16.1
8.5
11.4
11.5
9.2
9.9
1998
1999
33.0
17.6
5.4
0.2
11.3
14.3
14.4
16.6
15.4
7.1
10.4
10.6
8.2
9.1
1999
2000
4.0
-6.2
-8.8
6.4
10.9
11.6
14.4
13.3
4.6
8.3
8.8
6.3
7.4
2000
2001
-15.4
-14.6
7.2
12.6
13.1
16.2
14.7
4.6
8.8
9.2
6.5
7.7
2001
2002
-13.8
20.7
23.9
21.7
23.8
20.7
7.9
12.3
12.4
9.0
10.1
2002
2003
69.2
48.6
36.5
35.6
29.2
12.0
16.6
16.2
11.9
12.8
2003
2004
30.6
22.6
26.0
20.7
3.1
9.6
10.1
6.3
7.8
2004
2005
15.1
23.7
17.6
-2.8
5.8
7.0
3.2
5.3
2005
2006
33.0
18.9
-8.1
3.6
5.5
1.3
4.0
2006
2007
6.3
-23.6
-4.6
-0.4
-4.0
-0.2
2007
2008
-45.1
-9.7
-2.6
-6.4
-1.5
2008
2009
48.6 2010
29.7 13.3 2011
11.8 -3.1 -17.1 2012
14.1 4.4 0.3 21.2
2009 2010 2011 2012
Dimensional INTERNATIONAL
SMALL CAP GROWTH INDEX
1994–2012: Total Returns (%) in US Dollars
$100,000
$0
1975
1926
Dimensional INTERNATIONAL
VECTOR INDEX
1994
11.8
8.3
7.3
2.9
4.8
7.9
5.9
3.1
2.1
6.6
8.6
9.5
10.9
10.7
5.6
7.6
8.2
6.7
7.3
1994
$193
$100
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1992
-17.7
1.5
4.5
3.8
4.0
1.0
2.5
6.5
4.3
1.2
0.4
4.3
6.2
7.4
8.5
8.4
3.8
5.8
6.8
5.7
6.3
1992
1992–2012: Total Returns (%) In US Dollars
1993
25.2 1994
17.7 10.7 1995
12.1 6.0 1.6 1996
10.2 5.7 3.2 4.9 1997
5.2 0.8 -2.4 -4.3 -12.6 1998
6.3 2.8 1.0 0.7 -1.3 11.6 1999
10.4 8.2 7.7 9.2 10.7 24.6 39.2 2000
7.4 5.1 4.2 4.7 4.7 11.2 10.9 -11.6 2001
3.5 1.1 -0.2 -0.5 -1.6 1.4 -1.7 -17.5 -22.9 2002
2.4 0.1 -1.1 -1.5 -2.5 -0.3 -3.1 -14.2 -15.4 -7.1 2003
6.5 4.8 4.2 4.5 4.4 7.6 6.8 0.0 4.2 21.1 57.9 2004
8.5 7.1 6.7 7.3 7.6 10.8 10.7 5.7 10.6 24.7 44.5 32.3 2005
9.7 8.5 8.3 8.9 9.4 12.5 12.7 8.7 13.3 24.8 37.7 28.7 25.1 2006
1926
10.7 9.7 9.6 10.3 10.9 13.9 14.1 10.9 15.2 24.9 34.5 27.5 25.1 25.1 2007
10.4 9.4 9.3 10.0 10.5 13.1 13.3 10.4 14.0 21.6 28.4 21.9 18.6 15.5 6.6 2008
5.3 4.1 3.7 3.8 3.7 5.4 4.8 1.5 3.3 7.7 10.4 2.8 -3.5 -11.5 -25.6 -48.1 2009
7.4 6.4 6.1 6.4 6.5 8.3 8.0 5.3 7.4 11.9 15.0 9.0 4.9 0.4 -6.7 -12.8 46.6 2010
8.4 7.4 7.2 7.6 7.8 9.6 9.4 7.0 9.1 13.4 16.3 11.3 8.1 5.0 0.5 -1.4 35.9 25.9 2011
7.1 6.1 5.9 6.1 6.2 7.7 7.4 5.1 6.8 10.3 12.5 7.8 4.7 1.6 -2.5 -4.7 16.7 4.2 -13.8 2012
7.7 6.8 6.6 6.9 7.0 8.5 8.3 6.2 7.8 11.2 13.2 9.1 6.5 4.1 0.9 -0.2 17.6 9.2 1.7 20.1
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$3.61
$1
$0
1992
2012
Index data compiled by
Dimensional incorporating new
research on direct profitability.
33

19. 1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
34
1970
0.9
30.3
40.7
24.5
11.4
17.1
16.3
22.3
26.5
23.4
24.5
22.2
20.4
21.4
20.7
23.2
25.1
25.9
25.9
26.2
23.6
22.8
20.4
21.0
20.7
19.9
19.2
17.8
17.6
18.0
16.8
15.6
15.0
16.1
16.6
16.7
17.0
16.7
14.4
15.1
15.2
14.3
14.4
1970
1982
-2.4
15.7
14.3
26.9
32.4
35.8
35.6
35.9
28.7
26.1
20.8
22.7
21.6
20.2
19.0
16.6
16.1
16.4
15.4
14.2
13.7
15.7
16.4
16.8
17.2
16.7
13.7
14.8
14.9
13.8
13.9
1982
1971
68.3
66.2
33.6
14.2
20.6
19.0
25.7
30.1
26.2
27.1
24.4
22.1
23.2
22.3
24.9
26.8
27.6
27.5
27.7
24.9
23.9
21.4
22.0
21.7
20.7
20.0
18.5
18.2
18.6
17.4
16.1
15.5
16.6
17.0
17.2
17.4
17.2
14.8
15.4
15.6
14.7
14.7
1971
1983
37.0
23.7
38.5
42.9
45.0
43.2
42.5
33.2
29.7
23.4
25.3
23.8
22.2
20.7
17.9
17.4
17.6
16.5
15.1
14.5
16.6
17.4
17.7
18.1
17.6
14.4
15.5
15.6
14.4
14.5
1983
1972
64.2
19.1
0.4
11.0
11.1
19.7
25.4
21.8
23.2
20.7
18.6
20.0
19.3
22.3
24.5
25.4
25.4
25.7
22.9
22.0
19.6
20.2
19.9
19.1
18.4
16.9
16.7
17.1
16.0
14.7
14.1
15.3
15.8
16.0
16.2
16.0
13.6
14.3
14.5
13.6
13.7
1972
1984
11.7
39.3
44.9
47.1
44.5
43.4
32.6
28.8
22.0
24.1
22.7
21.0
19.6
16.7
16.2
16.5
15.3
14.0
13.4
15.7
16.5
16.9
17.3
16.8
13.5
14.7
14.9
13.6
13.8
1984
1973
-13.7
-21.5
-2.6
0.7
12.4
19.9
16.7
18.9
16.6
14.8
16.6
16.2
19.5
22.0
23.2
23.3
23.8
21.0
20.1
17.7
18.4
18.2
17.4
16.8
15.3
15.1
15.7
14.5
13.3
12.7
14.0
14.5
14.7
15.1
14.9
12.4
13.2
13.4
12.5
12.6
1973
1985
73.7
65.0
61.2
54.1
50.8
36.5
31.5
23.3
25.6
23.9
21.9
20.3
17.1
16.5
16.9
15.6
14.1
13.5
15.9
16.8
17.1
17.6
17.0
13.6
14.8
15.0
13.7
13.9
1985
Dimensional INTERNATIONAL
SMALL CAP INDEX
1974
-28.6
3.4
6.0
20.0
28.0
22.7
24.4
21.1
18.5
20.2
19.4
22.8
25.3
26.3
26.3
26.6
23.4
22.4
19.6
20.3
20.0
19.1
18.3
16.7
16.5
17.0
15.7
14.4
13.7
15.0
15.6
15.8
16.1
15.8
13.3
14.0
14.2
13.3
13.4
1974
1970–2012: Total Returns (%) in US Dollars
1975
49.9
29.2
42.7
48.1
36.7
36.5
30.6
26.3
27.4
25.7
29.0
31.3
32.0
31.6
31.5
27.7
26.3
23.1
23.7
23.2
22.0
21.1
19.3
18.9
19.3
17.9
16.4
15.6
17.0
17.4
17.6
17.9
17.5
14.8
15.6
15.7
14.7
14.8
1975
1976
11.5
39.3
47.5
33.6
34.0
27.6
23.3
24.8
23.3
27.1
29.8
30.6
30.3
30.3
26.3
25.0
21.7
22.3
21.9
20.8
19.9
18.0
17.7
18.2
16.8
15.3
14.5
15.9
16.4
16.6
16.9
16.7
13.9
14.7
14.9
13.9
14.0
1976
GROWTH OF $1
1977
74.1
69.8
41.9
40.3
31.1
25.3
26.8
24.8
29.0
31.7
32.5
32.0
31.9
27.5
25.9
22.3
23.0
22.5
21.3
20.3
18.4
18.0
18.5
17.0
15.4
14.7
16.1
16.6
16.8
17.1
16.8
14.0
14.8
15.0
14.0
14.0
1977
$100,000
1978
65.5
28.2
30.5
22.2
17.4
20.3
19.0
24.2
27.7
29.0
28.7
28.9
24.5
23.0
19.5
20.4
20.0
18.9
18.0
16.1
15.8
16.4
15.0
13.5
12.8
14.3
14.9
15.2
15.5
15.3
12.4
13.3
13.5
12.6
12.7
1978
1979
-0.8
15.9
10.4
7.7
12.9
12.7
19.2
23.7
25.4
25.5
26.0
21.5
20.3
16.7
17.8
17.6
16.6
15.8
13.9
13.8
14.5
13.1
11.6
11.0
12.6
13.3
13.6
14.1
13.9
11.0
11.9
12.2
11.2
11.4
1979
$10,000
1980
35.5
16.4
10.7
16.6
15.6
22.9
27.6
29.2
28.8
29.0
23.8
22.2
18.2
19.3
19.0
17.8
16.8
14.8
14.6
15.3
13.8
12.2
11.5
13.2
13.9
14.2
14.7
14.4
11.4
12.4
12.7
11.6
11.8
1980
1981
0.1
0.1
10.9
11.1
20.6
26.3
28.3
28.0
28.3
22.7
21.1
16.9
18.1
17.9
16.7
15.8
13.7
13.5
14.3
12.8
11.2
10.5
12.3
13.1
13.5
13.9
13.7
10.6
11.7
12.0
10.9
11.1
1981
$325
$1,000
1982
0.0
16.7
15.0
26.3
32.4
33.7
32.6
32.3
25.5
23.4
18.5
19.8
19.4
18.0
16.9
14.6
14.4
15.2
13.5
11.8
11.1
12.9
13.7
14.1
14.5
14.3
11.1
12.1
12.4
11.3
11.5
1982
1983
36.1
23.3
36.5
42.0
41.7
38.9
37.7
29.1
26.3
20.6
21.8
21.2
19.5
18.2
15.7
15.3
16.1
14.4
12.5
11.6
13.6
14.4
14.7
15.2
14.9
11.5
12.6
12.9
11.7
11.9
1983
$100
1984
11.6
36.7
43.9
43.1
39.5
38.0
28.1
25.1
18.9
20.4
19.9
18.2
16.9
14.3
14.1
15.0
13.2
11.3
10.5
12.6
13.4
13.8
14.3
14.1
10.6
11.8
12.1
11.0
11.2
1984
1985
67.5
63.5
55.5
47.5
44.0
31.1
27.2
19.9
21.4
20.7
18.8
17.4
14.5
14.2
15.2
13.3
11.3
10.4
12.6
13.5
13.9
14.5
14.2
10.6
11.8
12.1
10.9
11.1
1985
$10
1986
59.5
49.8
41.4
38.7
24.8
21.5
14.3
16.6
16.4
14.8
13.6
11.0
10.9
12.2
10.4
8.4
7.7
10.1
11.2
11.7
12.4
12.2
8.6
9.9
10.3
9.2
9.5
1986
1987
40.7
33.1
32.3
17.4
15.0
8.1
11.5
11.9
10.7
9.9
7.4
7.6
9.2
7.5
5.7
5.1
7.8
9.0
9.7
10.5
10.3
6.7
8.1
8.6
7.5
7.9
1987
$1
1988
25.9
28.3
10.6
9.4
2.6
7.3
8.3
7.4
6.9
4.5
5.0
6.9
5.3
3.5
3.1
6.0
7.4
8.2
9.1
9.0
5.3
6.8
7.4
6.3
6.7
1988
1989
30.8
3.6
4.3
-2.5
3.9
5.7
5.0
4.7
2.4
3.1
5.3
3.7
2.0
1.6
4.8
6.3
7.2
8.2
8.2
4.4
6.0
6.6
5.6
6.0
1989
$0
1970
1926
2012
1990
Index data compiled by Dimensional.
-17.9 1991
Prior to 1981, data provided by Nomura Securities
-6.8 5.8 1992
and London School of Business.
-11.6 -8.3 -20.6 1993
-1.9 4.1 3.3 34.4 1994
1.2 6.7 7.0 24.2 14.8 1995
1.2 5.5 5.5 15.9 7.7 1.0 1996
1.4 5.1 4.9 12.5 6.0 1.9 2.8 1997
-0.7 2.0 1.4 6.5 0.5 -3.9 -6.3 -14.5 1998
0.4 3.0 2.6 7.1 2.3 -0.6 -1.1 -2.9 10.2 1999
3.1 5.7 5.7 10.1 6.5 4.9 6.0 7.0 19.8 30.2 2000
1.6 3.8 3.5 7.0 3.6 1.9 2.0 1.8 8.0 6.9 -12.3 2001
-0.1 1.7 1.3 4.1 0.8 -1.0 -1.4 -2.2 1.2 -1.7 -14.5 -16.7 2002
-0.3 1.3 0.9 3.4 0.4 -1.3 -1.6 -2.3 0.4 -2.0 -10.8 -10.1 -2.9 2003
3.1 5.0 4.9 7.6 5.2 4.2 4.6 4.9 8.5 8.2 3.3 9.0 24.8 60.2 2004
4.8 6.7 6.8 9.4 7.4 6.7 7.4 7.9 11.6 11.8 8.5 14.4 27.2 45.5 32.1 2005
5.9 7.7 7.8 10.4 8.6 8.1 8.8 9.5 12.9 13.3 10.7 16.0 26.0 37.4 27.3 22.6 2006
7.0 8.8 9.0 11.5 9.9 9.5 10.3 11.1 14.3 14.9 12.8 17.7 26.1 34.6 27.0 24.5 26.3 2007
7.0 8.7 8.9 11.2 9.7 9.4 10.1 10.8 13.7 14.1 12.2 16.2 22.9 28.8 21.9 18.7 16.8 8.0 2008
3.1 4.5 4.4 6.2 4.5 3.8 4.1 4.2 6.0 5.6 3.2 5.3 8.9 11.0 3.2 -3.0 -10.3 -24.4 -47.1 2009
4.9 6.3 6.3 8.1 6.7 6.2 6.5 6.8 8.8 8.7 6.8 9.1 12.9 15.3 9.2 5.1 1.1 -6.1 -12.5 44.8 2010
5.6 7.0 7.0 8.8 7.5 7.0 7.4 7.8 9.7 9.7 8.0 10.2 13.7 16.0 10.8 7.6 4.8 0.0 -2.6 32.2 20.7 2011
4.5 5.8 5.8 7.4 6.0 5.5 5.8 6.0 7.7 7.5 5.8 7.6 10.4 12.0 7.1 3.9 1.1 -3.4 -6.0 13.9 0.9 -15.6 2012
5.0 6.2 6.3 7.8 6.6 6.1 6.4 6.7 8.3 8.1 6.6 8.3 11.0 12.4 8.1 5.4 3.2 -0.3 -1.8 14.6 6.0 -0.7 16.8
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Dimensional INTERNATIONAL
SMALL CAP VALUE INDEX
1986
56.8
55.3
48.1
45.5
30.0
25.5
17.4
20.6
19.3
17.7
16.3
13.3
13.0
13.6
12.5
11.2
10.7
13.3
14.3
14.8
15.4
15.0
11.5
12.9
13.1
11.9
12.1
1986
1987
53.9
43.9
41.9
24.1
20.1
11.9
16.2
15.3
14.0
12.9
10.0
10.0
10.8
9.8
8.7
8.4
11.1
12.4
13.0
13.6
13.3
9.8
11.3
11.6
10.4
10.7
1987
1982–2012: Total Returns (%) in US Dollars
1988
34.6
36.3
15.5
12.9
5.0
10.9
10.6
9.8
9.1
6.4
6.7
7.8
7.0
6.0
5.9
8.9
10.3
11.0
11.8
11.6
8.1
9.6
10.0
8.8
9.2
1988
1989
38.1
7.0
6.4
-1.3
6.7
7.1
6.6
6.2
3.6
4.2
5.7
5.0
4.1
4.1
7.4
8.9
9.8
10.7
10.5
6.9
8.6
9.0
7.9
8.3
1989
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1988
40.4
52.2
27.5
34.9
29.8
36.4
29.1
24.2
22.1
18.2
13.4
17.0
12.4
11.3
10.0
12.5
13.2
14.3
15.2
16.3
11.4
13.8
14.1
12.5
12.7
1988
MSCI EMERGING MARKETS INDEX
1989
65.0
21.5
33.1
27.3
35.7
27.3
22.1
19.9
15.9
10.9
15.1
10.4
9.3
8.1
10.8
11.7
13.0
14.0
15.2
10.1
12.7
13.0
11.4
11.7
1989
1988–2012: Total Returns (%) in US Dollars
1990
-10.6
19.6
16.8
29.2
20.9
16.1
14.6
10.9
6.2
11.0
6.4
5.6
4.7
7.7
8.9
10.3
11.5
12.9
7.8
10.6
11.0
9.4
9.8
1990
1991
59.9
33.5
46.0
30.3
22.3
19.4
14.4
8.5
13.7
8.3
7.2
6.1
9.3
10.4
11.9
13.1
14.5
8.9
11.8
12.2
10.5
10.9
1991
GROWTH OF $1
1992
11.4
39.6
21.8
14.4
12.7
8.2
2.6
9.0
3.7
3.0
2.2
5.9
7.3
9.0
10.5
12.1
6.5
9.6
10.1
8.5
8.9
1992
$100,000
1993
74.8
27.3
15.4
13.0
7.6
1.2
8.7
2.7
2.2
1.3
5.4
7.0
8.9
10.4
12.2
6.2
9.5
10.0
8.3
8.8
1993
1994
-7.3
-6.3
-2.3
-4.7
-9.3
0.4
-4.8
-4.5
-4.6
0.2
2.3
4.7
6.6
8.7
2.7
6.4
7.1
5.5
6.1
1994
$10,000
1995
-5.2
0.3
-3.9
-9.7
2.0
-4.3
-4.1
-4.3
1.1
3.3
5.8
7.8
10.0
3.5
7.3
8.0
6.3
6.9
1995
1996
6.0
-3.2
-11.2
3.9
-4.2
-3.9
-4.2
1.9
4.3
7.0
9.1
11.4
4.2
8.3
9.0
7.1
7.7
1996
$1,000
1997
-11.6
-18.8
3.2
-6.6
-5.7
-5.8
1.3
4.1
7.1
9.4
11.9
4.0
8.5
9.2
7.1
7.8
1997
1998
-25.3
11.5
-4.8
-4.2
-4.6
3.6
6.5
9.7
12.0
14.5
5.6
10.3
11.0
8.6
9.2
1998
$100
1999
66.4
7.5
4.1
1.5
10.6
13.0
15.9
17.8
20.1
9.3
14.3
14.7
11.8
12.3
1999
2000
-30.6
-17.7
-14.0
-0.1
4.6
9.1
12.2
15.3
4.3
10.1
10.9
8.1
8.9
2000
$20
$10
2001
-2.4
-4.2
12.8
15.9
19.4
21.5
24.0
9.8
15.9
16.2
12.6
13.1
2001
2002
-6.0
21.2
22.8
25.6
27.0
29.0
11.6
18.4
18.5
14.2
14.6
2002
$1
2003
56.3
40.3
38.4
36.9
37.5
14.9
22.4
22.0
16.7
16.9
2003
2004
26.0
30.2
31.0
33.1
8.0
17.5
17.7
12.5
13.2
2004
2005
34.5
33.6
35.6
3.9
15.9
16.4
10.7
11.7
2005
$0
1988
1926
2006
32.6
36.1
-4.6
11.6
13.1
7.2
8.7
2006
2007
39.8
-19.1
5.4
8.7
2.7
5.2
2007
2012
Data copyright MSCI 2013, all rights reserved.
2008
-53.2
-8.4
0.0
-4.9
-0.6
2008
2009
79.0 2010
46.1 19.2 2011
20.4 -1.2 -18.2 2012
20.0 5.0 -1.5 18.6
2009 2010 2011 2012
Dimensional EMERGING MARKETS
ADJUSTED MARKET INDEX
1994
1994 -0.6 1995
1995 -6.5 -12.0 1996
1996 -1.6 -2.0 9.1 1997
1997 -7.2 -9.3 -7.8 -22.1 1998
1998 -10.2 -12.5 -12.6 -21.8 -21.4 1999
1999 -1.0 -1.0 1.9 -0.4 12.7 61.6 2000
2000 -6.0 -6.8 -5.8 -9.2 -4.4 5.5 -31.2 2001
2001 -5.0 -5.6 -4.5 -7.0 -2.8 4.4 -16.1 2.2 2002
2002 -4.8 -5.3 -4.3 -6.3 -2.8 2.5 -11.9 -0.4 -2.9 2003
2003 0.7 0.8 2.5 1.6 6.2 12.8 3.1 18.0 26.8 65.6 2004
2004 3.2 3.6 5.5 5.1 9.7 15.9 8.5 21.6 28.8 48.3 32.8 2005
2005 5.2 5.7 7.7 7.5 11.9 17.7 11.7 23.0 28.8 41.6 30.9 29.0 2006
2006 7.3 7.9 10.0 10.1 14.4 19.9 14.9 25.1 30.2 40.2 32.6 32.5 36.1 2007
2007 9.7 10.5 12.7 13.0 17.3 22.6 18.5 28.0 32.9 41.5 36.1 37.1 41.4 47.0
2008 3.6 4.0 5.3 5.0 7.9 11.4 6.8 12.9 14.5 17.7 9.9 4.8 -2.2 -17.1
2009 7.7 8.3 9.9 10.0 13.2 17.0 13.3 19.7 22.1 26.1 20.5 18.2 15.7 9.6
1926
2010 8.7 9.3 10.9 11.0 14.1 17.7 14.3 20.3 22.5 26.1 21.2 19.4 17.6 13.4
2011 6.8 7.2 8.6 8.5 11.1 14.1 10.9 15.8 17.2 19.7 15.0 12.6 10.1 5.5
2012 7.5 8.0 9.3 9.3 11.8 14.6 11.6 16.2 17.6 19.9 15.6 13.6 11.6 8.0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
1994–2012: Total Returns (%) in US Dollars
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
2008
-53.2
-5.4
4.0
-2.9
1.5
2008
2009
91.4 2010
55.0 25.6 2011
23.9 -0.3 -20.8 2012
23.2 6.4 -2.0 21.2
2009 2010 2011 2012
$3.95
$1
$0
1994
2012
Index data compiled by Dimensional.
GROWTH OF $1
1990
-17.1
-6.6
-11.8
0.0
1.8
2.1
2.3
0.0
1.0
2.9
2.4
1.7
1.8
5.5
7.2
8.2
9.3
9.1
5.5
7.3
7.8
6.6
7.1
1990
$100,000
1991
5.2
-9.0
6.4
7.1
6.5
6.0
2.7
3.5
5.4
4.6
3.6
3.6
7.4
9.2
10.2
11.2
10.9
6.9
8.7
9.2
7.9
8.4
1991
1992
-21.4
7.0
7.7
6.8
6.1
2.2
3.3
5.4
4.5
3.4
3.4
7.6
9.5
10.5
11.6
11.2
7.0
8.9
9.4
8.1
8.5
1992
$10,000
1993
45.6
26.1
18.2
14.4
7.8
8.1
9.9
8.3
6.6
6.3
10.7
12.6
13.4
14.4
13.8
9.1
11.0
11.5
9.9
10.3
1993
$1,000
1994
9.2
6.5
5.5
-0.1
1.8
4.9
3.8
2.5
2.6
7.7
10.0
11.1
12.3
11.8
7.0
9.2
9.7
8.2
8.7
1994
1995
4.0
3.7
-3.0
0.0
4.0
3.0
1.6
1.9
7.6
10.1
11.3
12.6
12.1
6.8
9.2
9.8
8.1
8.7
1995
$57
$100
1996
3.5
-6.3
-1.2
4.0
2.8
1.2
1.6
8.0
10.8
12.0
13.4
12.8
7.1
9.6
10.2
8.4
9.0
1996
1997
-15.1
-3.5
4.2
2.6
0.7
1.2
8.7
11.7
13.0
14.4
13.6
7.4
10.0
10.7
8.7
9.3
1997
$10
1998
9.7
15.5
9.3
5.1
4.9
13.3
16.2
17.2
18.3
17.0
9.7
12.4
12.9
10.7
11.2
1998
1999
21.5
9.1
3.6
3.7
14.0
17.3
18.3
19.4
17.8
9.7
12.7
13.2
10.7
11.3
1999
$1
2000
-2.0
-4.3
-1.7
12.2
16.5
17.7
19.1
17.4
8.4
11.8
12.5
9.9
10.5
2000
2001
-6.5
-1.5
17.4
21.6
22.1
23.0
20.5
9.8
13.5
14.1
11.0
11.6
2001
2002
3.8
31.6
32.8
30.5
29.9
25.7
12.4
16.3
16.6
13.0
13.4
2002
$0
1982
1926
2003
66.8
50.1
40.9
37.4
30.5
13.9
18.2
18.3
14.0
14.5
2003
2004
35.1
29.5
28.9
22.8
5.5
11.6
12.6
8.7
9.8
2004
2012
Index data compiled by Dimensional.
2005
24.1
25.8
18.9
-0.8
7.4
9.3
5.4
7.0
2005
2006
27.5
16.4
-8.0
3.6
6.5
2.6
4.7
2006
D I M E N S I O N A L F U N D A D VI S O R S
2007
6.2
-21.9
-3.4
1.8
-1.8
1.3
2007
2008
-42.5
-7.8
0.4
-3.7
0.4
2008
2009
47.8 2010
32.7 19.2 2011
14.4 0.6 -15.1 2012
15.4 6.2 0.3 18.4
2009 2010 2011 2012
Dimensional EMERGING MARKETS
GROWTH INDEX
1996
1996 1.3 1997
1997 -12.9 -25.0 1998
1998 -17.0 -24.9 -24.8 1999
1999 0.7 0.4 16.3 79.7 2000
2000 -6.3 -8.1 -1.6 12.6 -29.5 2001
2001 -5.2 -6.5 -1.2 8.2 -16.0 0.0 2002
2002 -7.3 -8.6 -4.9 0.8 -16.9 -9.8 -18.5 2003
2003 -1.4 -1.8 2.7 9.3 -3.5 7.1 10.9 51.0 2004
2004 1.1 1.1 5.5 11.6 1.4 11.1 15.0 36.7 23.8 2005
2005 3.5 3.8 8.1 13.8 5.5 14.3 18.2 33.8 26.0 28.2 2006
2006 5.7 6.1 10.3 15.7 8.7 16.8 20.5 32.9 27.3 29.2 30.1 2007
2007 8.2 8.8 13.0 18.2 12.1 19.8 23.5 34.2 30.3 32.6 34.8 39.7 2008
2008 1.3 1.3 4.1 7.5 1.5 6.3 7.2 12.2 5.8 1.7 -5.9 -19.9 -54.1 2009
2009 5.4 5.7 8.8 12.5 7.3 12.4 14.1 19.7 15.2 13.6 10.2 4.2 -10.0 76.6 2010
2010 6.8 7.2 10.2 13.8 9.2 14.0 15.7 20.9 17.1 16.0 13.8 10.0 1926 51.1 29.3 2011
1.6
2011 5.1 5.4 8.0 11.1 6.7 10.8 11.9 15.9 12.2 10.6 7.9 4.0 -3.4 23.8 3.6 -17.0 2012
2012 6.0 6.3 8.8 11.7 7.6 11.5 12.6 16.3 13.0 11.7 9.5 6.4 0.8 22.7 8.7 -0.3 19.7
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
1996–2012: Total Returns (%) in US Dollars
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$2.67
$1
$0
1996
2012
Index data compiled by Dimensional
incorporating new research on direct profitability.
35

20. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
36
1926
3.3 1927
3.2 3.1 1928
3.2 3.2 3.2 1929
3.6 3.7 4.0 4.7 1930
3.4 3.4 3.5 3.6 2.4 1931
3.0 2.9 2.9 2.7 1.8 1.1 1932
2.7 2.6 2.5 2.3 1.5 1.0 1.0 1933
2.4 2.3 2.1 1.9 1.2 0.8 0.6 0.3 1934
2.1 2.0 1.8 1.6 1.0 0.6 0.5 0.2 0.2 1935
1.9 1.8 1.6 1.4 0.8 0.5 0.4 0.2 0.2 0.1 1936
1.8 1.6 1.5 1.2 0.8 0.5 0.4 0.2 0.2 0.2 0.2 1937
1.6 1.5 1.3 1.1 0.7 0.4 0.3 0.2 0.2 0.2 0.2 0.3 1938
1.5 1.4 1.2 1.0 0.6 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.0 1939
1.4 1.3 1.1 0.9 0.6 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 0.0 1940
1.3 1.2 1.0 0.8 0.5 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 1941
1.2 1.1 1.0 0.8 0.5 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 1942
1.2 1.0 0.9 0.7 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 1943
1.1 1.0 0.9 0.7 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 1944
1.1 1.0 0.8 0.7 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.3 0.3 0.3 0.3 1945
1.1 0.9 0.8 0.7 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 1946
1.0 0.9 0.8 0.7 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.4 1947
1.0 0.9 0.8 0.6 0.4 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.5 1948
1.0 0.9 0.8 0.7 0.4 0.3 0.3 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.6 0.7 0.8 1949
1.0 0.9 0.8 0.7 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.7 0.8 1.0 1.1 1950
1.0 0.9 0.8 0.7 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.9 1.0 1.2 1.2 1951
1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.8 0.9 1.0 1.2 1.3 1.4 1.5 1952
1.0 1.0 0.9 0.8 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.8 0.8 0.9 0.9 1.0 1.1 1.3 1.4 1.5 1.6 1.7 1953
1.1 1.0 0.9 0.8 0.7 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 1.0 1.0 1.1 1.2 1.4 1.5 1.5 1.7 1.7 1.8 1954
1.1 1.0 0.9 0.8 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.9 0.9 1.0 1.0 1.1 1.2 1.3 1.4 1.4 1.5 1.4 1.3 0.9 1955
1.1 1.0 0.9 0.8 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.8 0.8 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.4 1.5 1.5 1.4 1.2 1.6 1956
1.1 1.1 1.0 0.9 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 1.0 1.1 1.1 1.2 1.3 1.4 1.4 1.5 1.6 1.6 1.7 1.7 1.6 2.0 2.5 1957
1.2 1.1 1.1 1.0 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.9 2.0 2.0 2.4 2.8 3.2 1958
1.2 1.1 1.1 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.1 1.2 1.2 1.3 1.3 1.4 1.5 1.6 1.7 1.8 1.8 1.9 1.9 1.9 2.2 2.4 2.3 1.5 1959
1.2 1.2 1.1 1.1 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.1 1.1 1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.7 1.8 1.9 1.9 2.0 2.1 2.1 2.3 2.5 2.5 2.2 3.0 1960
1.3 1.2 1.2 1.1 1.0 0.9 0.9 0.9 1.0 1.0 1.0 1.1 1.1 1.2 1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.7 1.8 1.9 1.9 2.0 2.1 2.1 2.2 2.4 2.6 2.6 2.4 2.8 2.7 1961
1.3 1.3 1.2 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.2 1.3 1.3 1.4 1.4 1.5 1.6 1.6 1.7 1.8 1.9 2.0 2.0 2.1 2.1 2.2 2.4 2.5 2.5 2.3 2.6 2.4 2.1 1962
1.4 1.3 1.2 1.2 1.1 1.0 1.0 1.0 1.1 1.1 1.1 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.6 1.6 1.7 1.8 1.9 2.0 2.0 2.1 2.1 2.2 2.2 2.4 2.5 2.5 2.4 2.6 2.5 2.4 2.7 1963
1.4 1.3 1.3 1.2 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.6 1.7 1.8 1.9 2.0 2.0 2.1 2.2 2.2 2.3 2.3 2.5 2.6 2.6 2.5 2.7 2.7 2.7 2.9 3.1 1964
1.5 1.4 1.4 1.3 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.7 1.7 1.8 1.9 2.0 2.0 2.1 2.2 2.3 2.3 2.4 2.4 2.6 2.7 2.7 2.7 2.9 2.8 2.9 3.1 3.3 3.5 1965
1.5 1.5 1.4 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.8 1.8 1.9 2.0 2.1 2.1 2.2 2.3 2.4 2.4 2.5 2.5 2.7 2.8 2.9 2.8 3.0 3.0 3.1 3.3 3.5 3.7 3.9 1966
1.6 1.5 1.5 1.5 1.4 1.3 1.4 1.4 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.7 1.8 1.9 1.9 2.0 2.1 2.2 2.3 2.4 2.4 2.5 2.6 2.7 2.7 2.9 3.0 3.0 3.0 3.2 3.3 3.4 3.6 3.8 4.1 4.3 4.8 1967
1.7 1.6 1.6 1.5 1.4 1.4 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.7 1.8 1.8 1.9 2.0 2.0 2.1 2.2 2.3 2.4 2.5 2.5 2.6 2.7 2.8 2.8 3.0 3.1 3.1 3.1 3.3 3.4 3.5 3.7 3.9 4.1 4.3 4.5 4.2
1.7 1.7 1.7 1.6 1.5 1.5 1.5 1.5 1.6 1.6 1.7 1.7 1.8 1.8 1.9 2.0 2.0 2.1 2.2 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.8 2.9 3.0 3.1 3.3 3.3 3.3 3.5 3.6 3.7 3.9 4.1 4.3 4.5 4.7 4.7
1.8 1.8 1.8 1.7 1.7 1.6 1.7 1.7 1.7 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.2 2.3 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.0 3.1 3.2 3.4 3.5 3.6 3.6 3.8 3.9 4.0 4.2 4.5 4.7 4.9 5.2 5.3
1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.2 2.3 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.0 3.1 3.2 3.3 3.4 3.6 3.7 3.8 3.8 4.0 4.1 4.3 4.5 4.7 5.0 5.2 5.4 5.6
2.0 2.0 1.9 1.9 1.8 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.1 2.2 2.3 2.3 2.4 2.5 2.6 2.6 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.4 3.6 3.7 3.8 3.9 4.0 4.1 4.3 4.5 4.7 4.9 5.1 5.3 5.4
2.0 2.0 2.0 2.0 1.9 1.9 1.9 1.9 2.0 2.0 2.1 2.1 2.2 2.2 2.3 2.4 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.4 4.6 4.8 4.9 5.1 5.1
2.1 2.1 2.1 2.1 2.0 2.0 2.0 2.0 2.1 2.1 2.2 2.2 2.3 2.4 2.4 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.6 3.8 3.9 4.0 4.0 4.2 4.3 4.4 4.6 4.8 5.0 5.1 5.3 5.4
2.2 2.2 2.2 2.2 2.1 2.1 2.1 2.2 2.2 2.3 2.3 2.4 2.4 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.8 4.0 4.1 4.2 4.3 4.5 4.6 4.7 4.9 5.1 5.3 5.4 5.6 5.7
2.3 2.3 2.3 2.3 2.2 2.2 2.2 2.3 2.3 2.4 2.4 2.5 2.5 2.6 2.7 2.8 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.7 3.8 3.9 4.1 4.2 4.3 4.4 4.5 4.6 4.8 5.0 5.1 5.3 5.5 5.6 5.7
2.4 2.4 2.3 2.3 2.3 2.3 2.3 2.3 2.4 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.6 4.7 4.8 5.0 5.1 5.3 5.4 5.6 5.6
2.4 2.4 2.4 2.4 2.3 2.3 2.4 2.4 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.9 4.0 4.2 4.3 4.4 4.4 4.6 4.7 4.8 5.0 5.1 5.3 5.4 5.5 5.6
2.5 2.5 2.5 2.5 2.4 2.4 2.5 2.5 2.5 2.6 2.6 2.7 2.8 2.8 2.9 3.0 3.1 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.1 5.3 5.4 5.5 5.7 5.7
2.7 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.7 2.8 2.8 2.9 2.9 3.0 3.1 3.2 3.3 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.7 4.8 4.8 5.0 5.1 5.2 5.4 5.5 5.7 5.8 6.0 6.1
2.8 2.8 2.8 2.8 2.7 2.7 2.8 2.8 2.9 2.9 3.0 3.1 3.1 3.2 3.3 3.4 3.5 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.8 4.9 5.0 5.1 5.3 5.4 5.5 5.7 5.9 6.0 6.2 6.3 6.4
3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.1 3.1 3.2 3.2 3.3 3.4 3.5 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.7 4.8 4.9 5.0 5.1 5.3 5.4 5.5 5.7 5.8 5.9 6.1 6.3 6.5 6.7 6.8 7.0
3.1 3.1 3.1 3.1 3.1 3.1 3.2 3.2 3.3 3.3 3.4 3.5 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.1 5.2 5.3 5.5 5.6 5.7 5.9 6.0 6.1 6.3 6.5 6.7 6.9 7.1 7.2
3.2 3.2 3.2 3.2 3.2 3.2 3.3 3.3 3.4 3.4 3.5 3.6 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.1 5.2 5.3 5.4 5.6 5.7 5.8 6.0 6.1 6.2 6.4 6.6 6.8 7.0 7.1 7.3
3.3 3.3 3.3 3.3 3.3 3.3 3.4 3.4 3.5 3.6 3.6 3.7 3.8 3.9 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.6 5.7 5.8 5.9 6.1 6.2 6.4 6.6 6.8 6.9 7.1 7.3 7.4
3.4 3.4 3.4 3.4 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.8 3.9 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.1 5.2 5.3 5.4 5.5 5.6 5.8 5.9 6.0 6.2 6.3 6.4 6.6 6.8 7.0 7.1 7.3 7.4
3.5 3.5 3.5 3.5 3.4 3.5 3.5 3.6 3.6 3.7 3.8 3.8 3.9 4.0 4.1 4.2 4.3 4.3 4.4 4.5 4.6 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.2 6.3 6.4 6.6 6.8 6.9 7.1 7.3 7.4
3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.6 3.7 3.8 3.9 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.1 6.3 6.4 6.6 6.7 6.9 7.0 7.2 7.3
3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.6 3.7 3.8 3.8 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.2 6.3 6.4 6.6 6.7 6.9 7.0 7.1 7.2
3.6 3.6 3.6 3.6 3.6 3.6 3.7 3.7 3.8 3.8 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.8 5.9 6.0 6.1 6.2 6.3 6.5 6.6 6.8 6.9 7.1 7.2 7.3
3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.3 6.4 6.5 6.7 6.8 6.9 7.1 7.2 7.3
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.2 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.3 6.4 6.5 6.6 6.8 6.9 7.0 7.1 7.2
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.9 6.0 6.0 6.2 6.3 6.4 6.5 6.7 6.8 6.9 7.0 7.1
3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 5.5 5.5 5.7 5.8 5.9 5.9 6.1 6.2 6.3 6.4 6.5 6.6 6.8 6.9 6.9
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.2 6.3 6.4 6.6 6.7 6.8 6.8
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8
3.7 3.7 3.7 3.8 3.7 3.8 3.8 3.8 3.9 4.0 4.0 4.1 4.2 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.7
3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.2 4.3 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 6.0 6.0 6.1 6.3 6.4 6.5 6.5 6.6 6.7
3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.8 5.9 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.6
3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.7 5.8 5.9 6.0 6.1 6.2 6.3 6.4 6.4 6.5 6.6
3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.3 5.4 5.5 5.6 5.7 5.7 5.8 5.9 6.0 6.1 6.2 6.3 6.3 6.4 6.5 6.5
3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.7 4.8 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.6 5.7 5.8 5.9 5.9 6.0 6.1 6.2 6.3 6.4 6.4 6.5
3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.8 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.5 5.5 5.6 5.7 5.8 5.8 5.9 6.0 6.1 6.2 6.2 6.3 6.3
3.7 3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.8 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.6 5.7 5.7 5.8 5.9 6.0 6.0 6.1 6.1 6.2
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 4.6 4.6 4.7 4.8 4.9 4.9 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.6 5.6 5.7 5.8 5.8 5.9 6.0 6.0 6.1
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.7 4.8 4.9 5.0 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.6 5.6 5.7 5.8 5.8 5.9 5.9 6.0
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.7 4.8 4.9 5.0 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.5 5.6 5.7 5.7 5.8 5.9 5.9 5.9
3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.8 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.7 4.7 4.8 4.9 4.9 5.0 5.1 5.1 5.2 5.3 5.3 5.4 5.5 5.5 5.6 5.7 5.7 5.8 5.8 5.9 5.9
3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.6 4.7 4.8 4.8 4.9 5.0 5.0 5.1 5.1 5.2 5.3 5.3 5.4 5.4 5.5 5.6 5.6 5.7 5.7 5.8 5.8
3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.6 4.7 4.7 4.8 4.9 4.9 5.0 5.1 5.1 5.2 5.2 5.3 5.3 5.4 5.5 5.5 5.6 5.6 5.7 5.7
3.6 3.6 3.6 3.6 3.6 3.6 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.5 4.6 4.7 4.7 4.8 4.8 4.9 5.0 5.0 5.1 5.1 5.2 5.2 5.3 5.3 5.4 5.4 5.5 5.5 5.5
3.6 3.6 3.6 3.6 3.6 3.6 3.6 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.5 4.6 4.6 4.7 4.8 4.8 4.9 4.9 5.0 5.0 5.1 5.1 5.2 5.2 5.3 5.3 5.4 5.4 5.4
3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.6 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.6 4.7 4.7 4.8 4.8 4.9 4.9 5.0 5.0 5.1 5.1 5.2 5.2 5.3 5.3 5.3
1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
D I M E N S I O N A L F U N D A D VI S O R S
ONE-MONTH
US TREASURY BILLS
1926–2012: Total Returns (%)
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$21
$10
$1
$0
1926
2012
Data provided by Ibbotson Associates.
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
5.2 1969
5.9 6.6 1970
6.1 6.5 6.5 1971
5.7 5.8 5.4 4.4 1972
5.3 5.3 4.9 4.1 3.8 1973
5.6 5.6 5.4 5.0 5.4 6.9 1974
5.9 6.0 5.9 5.8 6.2 7.5 8.0 1975
5.9 6.0 5.9 5.8 6.1 6.9 6.9 5.8 1976
5.8 5.9 5.8 5.7 5.9 6.4 6.3 5.4 5.1 1977
5.7 5.8 5.7 5.6 5.8 6.2 6.0 5.3 5.1 5.1 1978
5.9 5.9 5.9 5.8 6.0 6.4 6.2 5.8 5.8 6.2 7.2 1979
6.2 6.3 6.3 6.3 6.5 6.9 6.9 6.7 6.9 7.5 8.8 10.4 1980
6.6 6.7 6.8 6.8 7.0 7.5 7.5 7.4 7.8 8.5 9.6 10.8 11.3 1981
7.2 7.3 7.4 7.5 7.8 8.2 8.4 8.5 8.9 9.7 10.9 12.1 13.0 14.7 1982
7.4 7.6 7.6 7.7 8.0 8.5 8.6 8.7 9.1 9.8 10.8 11.7 12.2 12.6 10.5 1983
7.5 7.6 7.7 7.8 8.1 8.5 8.7 8.7 9.1 9.7 10.5 11.1 11.3 11.3 9.7 8.8 1984
7.6 7.8 7.9 7.9 8.2 8.6 8.8 8.8 9.2 9.7 10.4 10.9 11.0 10.9 9.7 9.3 9.8 1985
7.6 7.8 7.8 7.9 8.2 8.5 8.7 8.7 9.0 9.5 10.0 10.4 10.4 10.3 9.2 8.8 8.8 7.7 1986
7.5 7.7 7.7 7.8 8.1 8.4 8.5 8.5 8.8 9.1 9.6 9.9 9.8 9.6 8.6 8.1 7.9 6.9 6.1 1987
7.4 7.6 7.6 7.7 7.9 8.2 8.3 8.3 8.5 8.8 9.2 9.4 9.3 9.0 8.1 7.6 7.3 6.4 5.8 5.5 1988
7.4 7.5 7.5 7.6 7.8 8.1 8.1 8.1 8.3 8.6 8.9 9.1 8.9 8.7 7.8 7.4 7.1 6.4 6.0 5.9 6.4 1989
7.4 7.5 7.6 7.6 7.8 8.1 8.1 8.2 8.3 8.6 8.9 9.0 8.9 8.6 7.9 7.5 7.3 6.8 6.6 6.7 7.4 8.4 1990
7.5 7.6 7.6 7.7 7.8 8.1 8.1 8.1 8.3 8.5 8.8 8.9 8.8 8.5 7.9 7.5 7.4 7.0 6.8 7.0 7.5 8.1 7.8 1991
7.4 7.5 7.5 7.6 7.7 7.9 8.0 8.0 8.1 8.3 8.6 8.7 8.5 8.3 7.6 7.3 7.1 6.8 6.6 6.7 7.0 7.3 6.7 5.6 1992
7.2 7.3 7.3 7.4 7.5 7.7 7.7 7.7 7.8 8.0 8.2 8.3 8.1 7.9 7.3 6.9 6.7 6.4 6.2 6.2 6.3 6.3 5.6 4.5 3.5 1993
7.0 7.1 7.1 7.2 7.3 7.5 7.5 7.5 7.6 7.7 7.9 7.9 7.7 7.5 6.9 6.6 6.3 6.0 5.8 5.7 5.7 5.6 4.9 4.0 3.2 2.9 1994
6.9 7.0 7.0 7.0 7.1 7.3 7.3 7.3 7.4 7.5 7.6 7.7 7.5 7.2 6.7 6.3 6.1 5.8 5.5 5.5 5.5 5.3 4.7 4.0 3.4 3.4 3.9 1995
6.9 6.9 7.0 7.0 7.1 7.2 7.2 7.2 7.3 7.4 7.5 7.5 7.4 7.1 6.6 6.3 6.1 5.7 5.6 5.5 5.5 5.4 4.9 4.3 4.0 4.1 4.7 5.6 1996
6.8 6.9 6.9 6.9 7.0 7.1 7.2 7.1 7.2 7.3 7.4 7.4 7.2 7.0 6.5 6.2 6.0 5.7 5.5 5.5 5.5 5.3 4.9 4.4 4.2 4.4 4.9 5.4 5.2 1997
6.8 6.8 6.8 6.8 6.9 7.1 7.1 7.0 7.1 7.2 7.3 7.3 7.1 6.9 6.4 6.1 6.0 5.7 5.5 5.4 5.4 5.3 5.0 4.6 4.4 4.6 5.0 5.4 5.2 5.3 1998
6.7 6.8 6.8 6.8 6.9 7.0 7.0 6.9 7.0 7.1 7.2 7.2 7.0 6.8 6.3 6.1 5.9 5.6 5.4 5.4 5.4 5.3 5.0 4.6 4.5 4.6 5.0 5.2 5.1 5.1 4.9 1999
6.6 6.7 6.7 6.7 6.8 6.9 6.9 6.8 6.9 7.0 7.1 7.0 6.9 6.7 6.2 6.0 5.8 5.5 5.4 5.3 5.3 5.2 4.9 4.6 4.5 4.6 4.9 5.1 5.0 4.9 4.8 4.7 2000
6.6 6.7 6.7 6.7 6.8 6.9 6.9 6.8 6.9 6.9 7.0 7.0 6.8 6.6 6.2 6.0 5.8 5.6 5.4 5.4 5.4 5.3 5.0 4.7 4.6 4.8 5.1 5.2 5.2 5.2 5.1 5.3 5.9 2001
6.5 6.6 6.6 6.6 6.7 6.8 6.7 6.7 6.7 6.8 6.9 6.9 6.7 6.5 6.1 5.9 5.7 5.5 5.3 5.3 5.3 5.2 4.9 4.7 4.6 4.7 4.9 5.0 5.0 4.9 4.8 4.8 4.9 3.8 2002
6.4 6.4 6.4 6.4 6.5 6.6 6.6 6.5 6.5 6.6 6.7 6.6 6.5 6.3 5.9 5.6 5.5 5.3 5.1 5.0 5.0 4.9 4.7 4.4 4.3 4.4 4.5 4.6 4.5 4.4 4.2 4.0 3.8 2.7 1.6 2003
6.2 6.3 6.3 6.3 6.3 6.4 6.4 6.3 6.3 6.4 6.4 6.4 6.2 6.0 5.6 5.4 5.3 5.0 4.9 4.8 4.8 4.7 4.4 4.1 4.0 4.1 4.2 4.2 4.0 3.9 3.6 3.4 3.1 2.2 1.3 1.0 2004
6.1 6.1 6.1 6.1 6.2 6.2 6.2 6.1 6.2 6.2 6.2 6.2 6.0 5.8 5.5 5.2 5.1 4.8 4.7 4.6 4.5 4.4 4.2 3.9 3.8 3.8 3.9 3.9 3.7 3.5 3.3 3.0 2.7 1.9 1.3 1.1 1.2 2005
6.0 6.0 6.0 6.0 6.1 6.1 6.1 6.0 6.0 6.1 6.1 6.1 5.9 5.7 5.3 5.1 5.0 4.7 4.6 4.5 4.5 4.3 4.1 3.9 3.7 3.8 3.8 3.8 3.6 3.5 3.2 3.0 2.7 2.1 1.7 1.7 2.1 3.0 2006
6.0 6.0 6.0 6.0 6.0 6.1 6.1 6.0 6.0 6.0 6.1 6.0 5.9 5.7 5.3 5.1 5.0 4.7 4.6 4.5 4.5 4.4 4.1 3.9 3.8 3.8 3.9 3.9 3.7 3.6 3.4 3.2 3.0 2.6 2.3 2.5 3.0 3.9 4.8 2007
6.0 6.0 6.0 5.9 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 5.8 5.6 5.3 5.1 4.9 4.7 4.6 4.5 4.5 4.4 4.2 4.0 3.9 3.9 4.0 4.0 3.8 3.7 3.5 3.4 3.2 2.9 2.7 2.9 3.4 4.1 4.7 4.7 2008
5.8 5.9 5.8 5.8 5.9 5.9 5.9 5.8 5.8 5.9 5.9 5.8 5.7 5.5 5.2 5.0 4.8 4.6 4.5 4.4 4.4 4.3 4.0 3.8 3.7 3.7 3.8 3.8 3.7 3.5 3.4 3.2 3.1 2.7 2.6 2.7 3.1 3.5 3.7 3.2 1.7 2009
5.7 5.7 5.7 5.7 5.7 5.8 5.7 5.7 5.7 5.7 5.7 5.6 5.5 5.3 5.0 4.8 4.6 4.4 4.3 4.2 4.2 4.1 3.8 3.6 3.5 3.5 3.6 3.5 3.4 3.3 3.1 2.9 2.8 2.4 2.2 2.3 2.6 2.8 2.8 2.1 0.9 0.1 2010
5.6 5.6 5.6 5.5 5.6 5.6 5.6 5.5 5.5 5.5 5.5 5.5 5.3 5.1 4.8 4.6 4.5 4.3 4.1 4.0 4.0 3.9 3.7 3.5 3.3 3.3 3.4 3.3 3.2 3.0 2.9 2.7 2.5 2.2 2.0 2.1 2.2 2.4 2.3 1.6 0.6 0.1 0.1 2011
5.4 5.4 5.4 5.4 5.4 5.5 5.4 5.4 5.3 5.4 5.4 5.3 5.1 5.0 4.6 4.4 4.3 4.1 4.0 3.9 3.8 3.7 3.5 3.3 3.2 3.2 3.2 3.1 3.0 2.8 2.7 2.5 2.3 2.0 1.8 1.8 1.9 2.0 1.9 1.3 0.5 0.1 0.1 0.0 2012
5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.2 5.2 5.2 5.2 5.1 5.0 4.8 4.5 4.3 4.1 4.0 3.8 3.7 3.7 3.5 3.3 3.1 3.0 3.0 3.0 3.0 2.8 2.7 2.5 2.3 2.1 1.8 1.6 1.7 1.7 1.8 1.6 1.1 0.4 0.1 0.1 0.1 0.1
1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
37

21. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
38
1926
7.8 1927
8.4 8.9 1928
5.5 4.4 0.1 1929
5.0 4.1 1.7 3.4 1930
4.9 4.2 2.7 4.0 4.7 1931
3.1 2.2 0.6 0.8 -0.5 -5.3 1932
5.0 4.5 3.7 4.6 5.0 5.2 16.8 1933
4.4 3.9 3.1 3.7 3.7 3.4 8.1 -0.1 1934
5.0 4.6 4.0 4.7 4.9 5.0 8.7 4.9 10.0 1935
5.0 4.7 4.1 4.7 5.0 5.0 7.8 4.9 7.5 5.0 1936
5.2 4.9 4.5 5.1 5.3 5.4 7.7 5.5 7.5 6.2 7.5 1937
4.8 4.5 4.1 4.5 4.7 4.7 6.4 4.5 5.6 4.2 3.8 0.2 1938
4.8 4.6 4.2 4.6 4.8 4.8 6.3 4.6 5.6 4.5 4.4 2.8 5.5 1939
4.9 4.7 4.3 4.7 4.9 4.9 6.3 4.8 5.7 4.8 4.8 3.9 5.7 5.9 1940
5.0 4.8 4.5 4.9 5.0 5.0 6.2 5.0 5.7 5.0 5.0 4.4 5.9 6.0 6.1 1941
4.7 4.5 4.2 4.5 4.6 4.6 5.7 4.5 5.1 4.4 4.3 3.7 4.6 4.3 3.5 0.9 1942
4.6 4.4 4.2 4.5 4.5 4.5 5.5 4.4 4.9 4.3 4.2 3.6 4.3 4.0 3.4 2.1 3.2 1943
4.5 4.3 4.0 4.3 4.4 4.3 5.2 4.2 4.6 4.0 3.9 3.4 3.9 3.6 3.1 2.1 2.6 2.1 1944
4.4 4.2 4.0 4.2 4.2 4.2 5.0 4.1 4.4 3.9 3.8 3.3 3.8 3.5 3.0 2.3 2.7 2.4 2.8 1945
4.7 4.6 4.3 4.6 4.6 4.6 5.4 4.6 5.0 4.5 4.5 4.1 4.6 4.5 4.3 3.9 4.7 5.1 6.7 10.7 1946
4.5 4.3 4.1 4.3 4.4 4.3 5.0 4.2 4.6 4.1 4.0 3.7 4.1 3.9 3.6 3.2 3.7 3.8 4.4 5.2 -0.1 1947
4.1 4.0 3.7 3.9 4.0 3.9 4.5 3.7 4.0 3.6 3.5 3.1 3.4 3.2 2.8 2.4 2.6 2.5 2.6 2.5 -1.4 -2.6 1948
4.1 3.9 3.7 3.9 3.9 3.9 4.5 3.7 4.0 3.6 3.5 3.1 3.4 3.2 2.9 2.5 2.7 2.6 2.7 2.7 0.2 0.3 3.4 1949
4.2 4.1 3.8 4.0 4.1 4.0 4.6 3.9 4.1 3.8 3.7 3.4 3.6 3.5 3.2 2.9 3.2 3.2 3.4 3.5 1.7 2.3 4.9 6.4 1950
4.0 3.9 3.7 3.8 3.9 3.8 4.3 3.7 3.9 3.5 3.4 3.1 3.4 3.2 2.9 2.6 2.8 2.8 2.9 2.9 1.4 1.8 3.3 3.2 0.1 1951
3.7 3.6 3.3 3.5 3.5 3.4 3.9 3.3 3.4 3.1 2.9 2.6 2.8 2.6 2.3 2.0 2.1 2.0 2.0 1.9 0.5 0.6 1.4 0.8 -2.0 -3.9 1952
3.6 3.5 3.3 3.4 3.4 3.3 3.8 3.1 3.3 3.0 2.8 2.6 2.7 2.5 2.3 1.9 2.0 1.9 1.9 1.8 0.6 0.7 1.4 0.9 -0.9 -1.4 1.2 1953
3.6 3.5 3.3 3.4 3.4 3.3 3.8 3.2 3.3 3.0 2.9 2.6 2.8 2.6 2.4 2.1 2.2 2.1 2.1 2.0 0.9 1.1 1.7 1.4 0.2 0.2 2.4 3.6 1954
3.7 3.6 3.4 3.5 3.5 3.5 3.9 3.3 3.5 3.2 3.1 2.9 3.0 2.9 2.7 2.4 2.5 2.5 2.5 2.5 1.6 1.8 2.5 2.3 1.5 1.9 4.0 5.4 7.2 1955
3.6 3.4 3.2 3.4 3.4 3.3 3.7 3.1 3.3 3.0 2.9 2.6 2.8 2.6 2.4 2.2 2.3 2.2 2.2 2.1 1.3 1.5 2.0 1.8 1.1 1.3 2.6 3.1 2.9 -1.3 1956
3.3 3.1 2.9 3.0 3.0 2.9 3.3 2.8 2.9 2.6 2.5 2.2 2.3 2.1 1.9 1.7 1.7 1.6 1.6 1.5 0.7 0.8 1.1 0.9 0.1 0.1 0.9 0.9 0.0 -3.5 -5.6 1957
3.4 3.3 3.1 3.2 3.2 3.1 3.4 2.9 3.1 2.8 2.7 2.5 2.6 2.4 2.2 2.0 2.1 2.0 2.0 1.9 1.2 1.3 1.8 1.6 1.0 1.1 2.0 2.2 1.8 0.1 0.7 7.5 1958
3.1 2.9 2.8 2.9 2.8 2.8 3.1 2.6 2.7 2.4 2.3 2.1 2.1 2.0 1.8 1.5 1.6 1.5 1.4 1.3 0.6 0.7 1.0 0.8 0.2 0.2 0.8 0.7 0.2 -1.5 -1.6 0.5 -6.1 1959
2.9 2.8 2.6 2.7 2.7 2.6 2.9 2.4 2.5 2.2 2.1 1.9 1.9 1.8 1.6 1.3 1.4 1.2 1.2 1.1 0.4 0.5 0.7 0.5 -0.1 -0.1 0.4 0.3 -0.3 -1.7 -1.8 -0.5 -4.2 -2.3 1960
3.2 3.1 2.9 3.0 3.0 2.9 3.2 2.8 2.9 2.6 2.5 2.3 2.4 2.3 2.1 1.9 2.0 1.9 1.9 1.8 1.3 1.4 1.7 1.5 1.1 1.2 1.8 1.9 1.6 0.7 1.2 2.9 1.4 5.5 13.8 1961
3.2 3.0 2.9 2.9 2.9 2.9 3.2 2.7 2.8 2.6 2.5 2.3 2.4 2.2 2.1 1.9 1.9 1.9 1.8 1.8 1.3 1.3 1.6 1.5 1.1 1.2 1.7 1.8 1.6 0.8 1.1 2.5 1.3 3.9 7.2 1.0 1962
3.3 3.1 3.0 3.1 3.1 3.0 3.3 2.9 3.0 2.7 2.6 2.5 2.5 2.4 2.3 2.1 2.2 2.1 2.1 2.1 1.6 1.7 2.0 1.9 1.5 1.7 2.2 2.3 2.1 1.5 1.9 3.2 2.4 4.7 7.1 3.9 6.9 1963
3.2 3.1 2.9 3.0 3.0 2.9 3.2 2.8 2.9 2.7 2.6 2.4 2.5 2.4 2.2 2.1 2.1 2.1 2.1 2.0 1.6 1.7 1.9 1.8 1.5 1.6 2.1 2.2 2.0 1.5 1.8 2.9 2.2 4.0 5.6 3.0 4.0 1.2 1964
3.2 3.1 2.9 3.0 3.0 3.0 3.2 2.8 2.9 2.7 2.6 2.4 2.5 2.4 2.3 2.1 2.2 2.1 2.1 2.1 1.7 1.8 2.0 1.9 1.6 1.8 2.2 2.3 2.2 1.7 2.0 3.0 2.4 3.9 5.2 3.1 3.8 2.4 3.5 1965
3.1 3.0 2.9 3.0 2.9 2.9 3.2 2.8 2.9 2.6 2.6 2.4 2.5 2.4 2.2 2.1 2.1 2.1 2.1 2.0 1.6 1.7 1.9 1.9 1.6 1.7 2.1 2.2 2.1 1.6 1.9 2.8 2.2 3.4 4.4 2.6 3.0 1.8 2.1 0.7 1966
3.2 3.0 2.9 3.0 3.0 2.9 3.2 2.8 2.9 2.7 2.6 2.4 2.5 2.4 2.3 2.1 2.2 2.1 2.1 2.1 1.7 1.8 2.0 2.0 1.7 1.8 2.2 2.3 2.2 1.8 2.0 2.8 2.3 3.5 4.3 2.8 3.2 2.3 2.6 2.2 3.6 1967
2.8 2.7 2.6 2.6 2.6 2.6 2.8 2.4 2.5 2.3 2.2 2.0 2.1 2.0 1.8 1.7 1.7 1.6 1.6 1.6 1.2 1.2 1.4 1.3 1.1 1.1 1.4 1.5 1.3 0.9 1.1 1.7 1.1 2.0 2.5 1.0 1.0 -0.1 -0.5 -1.8 -3.0 -9.2
2.8 2.7 2.5 2.6 2.6 2.5 2.7 2.3 2.4 2.2 2.1 2.0 2.0 1.9 1.8 1.6 1.6 1.6 1.6 1.5 1.1 1.2 1.4 1.3 1.0 1.0 1.3 1.4 1.2 0.8 1.0 1.5 1.0 1.7 2.2 0.8 0.8 -0.2 -0.4 -1.4 -2.1 -4.8
2.6 2.5 2.3 2.4 2.4 2.3 2.5 2.1 2.2 2.0 1.9 1.7 1.8 1.7 1.5 1.4 1.4 1.3 1.3 1.2 0.9 0.9 1.1 0.9 0.7 0.7 1.0 1.0 0.8 0.4 0.5 1.0 0.5 1.1 1.4 0.2 0.1 -0.9 -1.2 -2.1 -2.8 -4.9
2.8 2.7 2.5 2.6 2.6 2.5 2.7 2.4 2.5 2.3 2.2 2.0 2.1 2.0 1.9 1.7 1.7 1.7 1.7 1.6 1.3 1.3 1.5 1.4 1.2 1.3 1.5 1.6 1.4 1.1 1.3 1.8 1.3 2.0 2.4 1.3 1.3 0.7 0.6 0.1 0.0 -0.9
3.0 2.9 2.8 2.8 2.8 2.8 3.0 2.7 2.7 2.5 2.5 2.3 2.4 2.3 2.2 2.1 2.1 2.1 2.1 2.0 1.7 1.8 2.0 1.9 1.7 1.8 2.1 2.1 2.1 1.8 2.0 2.5 2.1 2.8 3.2 2.3 2.5 2.0 2.1 1.9 2.1 1.8
3.1 3.0 2.8 2.9 2.9 2.8 3.1 2.7 2.8 2.6 2.6 2.4 2.5 2.4 2.3 2.2 2.2 2.2 2.2 2.2 1.9 1.9 2.1 2.1 1.9 2.0 2.3 2.3 2.2 2.0 2.2 2.7 2.4 3.0 3.4 2.6 2.8 2.3 2.5 2.3 2.6 2.4
3.0 2.9 2.7 2.8 2.8 2.8 3.0 2.6 2.7 2.5 2.5 2.3 2.4 2.3 2.2 2.1 2.1 2.1 2.1 2.1 1.8 1.8 2.0 1.9 1.8 1.8 2.1 2.2 2.1 1.8 2.0 2.5 2.1 2.7 3.1 2.3 2.4 2.0 2.1 2.0 2.1 1.9
3.0 2.9 2.8 2.8 2.8 2.8 3.0 2.7 2.7 2.6 2.5 2.4 2.4 2.4 2.3 2.1 2.2 2.1 2.1 2.1 1.8 1.9 2.1 2.0 1.9 1.9 2.2 2.2 2.2 1.9 2.1 2.6 2.3 2.8 3.2 2.5 2.6 2.2 2.3 2.2 2.4 2.2
3.1 3.0 2.9 3.0 3.0 2.9 3.1 2.8 2.9 2.7 2.7 2.5 2.6 2.5 2.4 2.3 2.4 2.4 2.4 2.3 2.1 2.2 2.3 2.3 2.1 2.2 2.5 2.5 2.5 2.3 2.5 2.9 2.6 3.2 3.5 2.9 3.0 2.7 2.9 2.8 3.0 3.0
3.4 3.3 3.2 3.2 3.2 3.2 3.4 3.1 3.2 3.0 3.0 2.9 3.0 2.9 2.8 2.7 2.8 2.7 2.8 2.8 2.5 2.6 2.8 2.8 2.6 2.7 3.0 3.1 3.1 2.9 3.1 3.5 3.3 3.9 4.3 3.7 3.9 3.7 3.9 3.9 4.2 4.3
3.3 3.2 3.1 3.2 3.2 3.1 3.3 3.0 3.1 3.0 2.9 2.8 2.9 2.8 2.7 2.6 2.7 2.7 2.7 2.7 2.4 2.5 2.7 2.7 2.5 2.6 2.9 2.9 2.9 2.7 2.9 3.3 3.1 3.7 4.0 3.4 3.6 3.4 3.5 3.5 3.8 3.8
3.2 3.1 3.0 3.1 3.1 3.0 3.2 2.9 3.0 2.9 2.8 2.7 2.8 2.7 2.6 2.5 2.6 2.5 2.6 2.5 2.3 2.4 2.6 2.5 2.4 2.5 2.7 2.8 2.8 2.6 2.7 3.1 2.9 3.4 3.7 3.2 3.3 3.1 3.2 3.2 3.4 3.4
3.1 3.0 2.9 3.0 3.0 2.9 3.1 2.9 2.9 2.8 2.7 2.6 2.7 2.6 2.5 2.4 2.5 2.4 2.5 2.4 2.2 2.3 2.4 2.4 2.3 2.3 2.6 2.6 2.6 2.4 2.6 2.9 2.7 3.2 3.5 2.9 3.1 2.8 2.9 2.9 3.1 3.0
3.0 2.9 2.8 2.8 2.8 2.8 3.0 2.7 2.8 2.6 2.6 2.5 2.5 2.4 2.3 2.3 2.3 2.3 2.3 2.3 2.0 2.1 2.2 2.2 2.1 2.1 2.3 2.4 2.3 2.2 2.3 2.6 2.4 2.8 3.1 2.6 2.7 2.4 2.5 2.5 2.6 2.5
3.0 2.9 2.8 2.8 2.8 2.8 3.0 2.7 2.7 2.6 2.5 2.4 2.5 2.4 2.3 2.2 2.3 2.3 2.3 2.2 2.0 2.1 2.2 2.2 2.1 2.1 2.3 2.4 2.3 2.2 2.3 2.6 2.4 2.8 3.0 2.6 2.6 2.4 2.5 2.4 2.5 2.5
3.5 3.5 3.4 3.4 3.4 3.4 3.6 3.3 3.4 3.3 3.2 3.1 3.2 3.2 3.1 3.0 3.1 3.1 3.1 3.1 2.9 3.0 3.2 3.1 3.0 3.1 3.4 3.5 3.4 3.3 3.5 3.9 3.7 4.1 4.4 4.0 4.2 4.0 4.2 4.2 4.4 4.5
3.5 3.4 3.3 3.4 3.4 3.3 3.5 3.3 3.3 3.2 3.2 3.1 3.2 3.1 3.0 3.0 3.0 3.0 3.0 3.0 2.8 2.9 3.1 3.1 3.0 3.1 3.3 3.4 3.4 3.2 3.4 3.7 3.6 4.0 4.3 3.9 4.0 3.9 4.0 4.0 4.2 4.3
3.7 3.6 3.5 3.6 3.6 3.6 3.7 3.5 3.6 3.4 3.4 3.3 3.4 3.4 3.3 3.2 3.3 3.3 3.3 3.3 3.2 3.2 3.4 3.4 3.3 3.4 3.6 3.7 3.7 3.6 3.8 4.1 4.0 4.4 4.7 4.3 4.5 4.4 4.5 4.6 4.8 4.9
4.1 4.0 3.9 4.0 4.0 4.0 4.2 4.0 4.0 3.9 3.9 3.8 3.9 3.9 3.8 3.8 3.8 3.9 3.9 3.9 3.8 3.9 4.0 4.1 4.0 4.1 4.4 4.5 4.5 4.4 4.6 5.0 4.9 5.3 5.6 5.3 5.5 5.4 5.6 5.7 6.0 6.1
4.4 4.3 4.3 4.3 4.3 4.3 4.5 4.3 4.4 4.3 4.3 4.2 4.3 4.3 4.2 4.2 4.3 4.3 4.3 4.4 4.2 4.3 4.5 4.6 4.5 4.6 4.9 5.0 5.0 5.0 5.2 5.6 5.5 5.9 6.3 6.0 6.2 6.2 6.4 6.5 6.8 6.9
4.3 4.2 4.1 4.2 4.2 4.2 4.4 4.2 4.3 4.2 4.1 4.1 4.1 4.1 4.1 4.0 4.1 4.1 4.2 4.2 4.1 4.2 4.3 4.4 4.3 4.4 4.7 4.8 4.8 4.7 4.9 5.3 5.2 5.6 5.9 5.6 5.8 5.8 6.0 6.1 6.3 6.5
4.4 4.3 4.2 4.3 4.3 4.3 4.5 4.3 4.4 4.3 4.2 4.2 4.3 4.2 4.2 4.2 4.2 4.2 4.3 4.3 4.2 4.3 4.5 4.5 4.4 4.6 4.8 4.9 4.9 4.9 5.1 5.4 5.4 5.8 6.0 5.8 6.0 5.9 6.1 6.2 6.5 6.6
4.6 4.5 4.4 4.5 4.5 4.5 4.7 4.5 4.6 4.5 4.5 4.4 4.5 4.5 4.5 4.4 4.5 4.5 4.6 4.6 4.5 4.6 4.8 4.8 4.8 4.9 5.1 5.2 5.3 5.2 5.4 5.8 5.7 6.1 6.4 6.2 6.4 6.4 6.6 6.7 6.9 7.1
4.6 4.5 4.5 4.5 4.6 4.6 4.7 4.5 4.6 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.6 4.6 4.7 4.5 4.6 4.8 4.8 4.8 4.9 5.2 5.3 5.3 5.3 5.5 5.8 5.7 6.1 6.4 6.2 6.4 6.4 6.5 6.7 6.9 7.0
4.8 4.7 4.7 4.8 4.8 4.8 5.0 4.8 4.8 4.8 4.8 4.7 4.8 4.8 4.8 4.7 4.8 4.8 4.9 4.9 4.8 4.9 5.1 5.2 5.1 5.2 5.5 5.6 5.7 5.6 5.8 6.2 6.1 6.5 6.8 6.6 6.8 6.8 7.0 7.1 7.4 7.5
4.9 4.8 4.8 4.8 4.8 4.9 5.0 4.8 4.9 4.8 4.8 4.8 4.9 4.9 4.8 4.8 4.9 4.9 5.0 5.0 4.9 5.0 5.2 5.2 5.2 5.3 5.6 5.7 5.8 5.7 5.9 6.2 6.2 6.6 6.9 6.7 6.9 6.9 7.1 7.2 7.4 7.6
5.0 5.0 4.9 5.0 5.0 5.1 5.2 5.0 5.1 5.1 5.1 5.0 5.1 5.1 5.1 5.1 5.1 5.2 5.2 5.3 5.2 5.3 5.5 5.5 5.5 5.6 5.9 6.0 6.0 6.0 6.2 6.6 6.5 6.9 7.2 7.0 7.2 7.2 7.4 7.6 7.8 8.0
4.8 4.8 4.7 4.8 4.8 4.8 5.0 4.8 4.9 4.8 4.8 4.8 4.9 4.8 4.8 4.8 4.9 4.9 5.0 5.0 4.9 5.0 5.2 5.2 5.2 5.3 5.5 5.6 5.7 5.6 5.8 6.2 6.1 6.5 6.7 6.5 6.7 6.7 6.9 7.0 7.2 7.4
5.2 5.1 5.1 5.2 5.2 5.2 5.4 5.2 5.3 5.2 5.2 5.2 5.3 5.3 5.3 5.2 5.3 5.4 5.4 5.5 5.4 5.5 5.7 5.7 5.7 5.8 6.1 6.2 6.2 6.2 6.4 6.7 6.7 7.1 7.4 7.2 7.4 7.4 7.6 7.7 8.0 8.1
5.1 5.1 5.0 5.1 5.1 5.1 5.3 5.1 5.2 5.1 5.1 5.1 5.2 5.2 5.1 5.1 5.2 5.2 5.3 5.4 5.2 5.4 5.5 5.6 5.6 5.7 5.9 6.0 6.1 6.0 6.2 6.5 6.5 6.9 7.1 7.0 7.1 7.1 7.3 7.4 7.7 7.8
5.2 5.2 5.2 5.2 5.3 5.3 5.4 5.3 5.4 5.3 5.3 5.2 5.3 5.3 5.3 5.3 5.4 5.4 5.5 5.5 5.4 5.6 5.7 5.8 5.8 5.9 6.1 6.2 6.3 6.3 6.4 6.8 6.7 7.1 7.4 7.2 7.4 7.4 7.6 7.7 7.9 8.1
5.3 5.3 5.3 5.3 5.4 5.4 5.5 5.4 5.5 5.4 5.4 5.4 5.5 5.5 5.4 5.4 5.5 5.6 5.6 5.7 5.6 5.7 5.9 5.9 5.9 6.0 6.3 6.4 6.4 6.4 6.6 6.9 6.9 7.2 7.5 7.3 7.5 7.5 7.7 7.8 8.1 8.2
5.1 5.1 5.0 5.1 5.1 5.2 5.3 5.1 5.2 5.2 5.2 5.1 5.2 5.2 5.2 5.2 5.2 5.3 5.3 5.4 5.3 5.4 5.6 5.6 5.6 5.7 5.9 6.0 6.1 6.0 6.2 6.5 6.5 6.8 7.0 6.9 7.0 7.0 7.2 7.3 7.5 7.6
5.3 5.3 5.3 5.3 5.4 5.4 5.5 5.4 5.5 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.7 5.6 5.7 5.8 5.9 5.9 6.0 6.2 6.3 6.4 6.4 6.5 6.8 6.8 7.1 7.4 7.2 7.4 7.4 7.6 7.7 7.9 8.0
5.3 5.3 5.2 5.3 5.3 5.3 5.5 5.3 5.4 5.4 5.4 5.3 5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.6 5.5 5.6 5.8 5.8 5.8 5.9 6.2 6.3 6.3 6.3 6.5 6.8 6.7 7.1 7.3 7.1 7.3 7.3 7.5 7.6 7.8 7.9
5.5 5.4 5.4 5.5 5.5 5.5 5.7 5.5 5.6 5.5 5.5 5.5 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.7 5.8 6.0 6.1 6.0 6.2 6.4 6.5 6.5 6.5 6.7 7.0 7.0 7.3 7.5 7.4 7.5 7.6 7.7 7.8 8.0 8.2
5.4 5.4 5.3 5.4 5.4 5.5 5.6 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 5.9 6.0 6.0 6.1 6.3 6.4 6.4 6.4 6.6 6.9 6.8 7.2 7.4 7.2 7.4 7.4 7.6 7.7 7.9 8.0
5.5 5.4 5.4 5.5 5.5 5.5 5.6 5.5 5.6 5.5 5.5 5.5 5.6 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.7 5.8 6.0 6.0 6.0 6.1 6.3 6.4 6.5 6.5 6.6 6.9 6.9 7.2 7.4 7.3 7.4 7.4 7.6 7.7 7.9 8.0
5.5 5.5 5.4 5.5 5.5 5.5 5.7 5.5 5.6 5.6 5.6 5.5 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.7 5.8 6.0 6.0 6.0 6.1 6.3 6.4 6.5 6.5 6.6 6.9 6.9 7.2 7.4 7.3 7.4 7.4 7.6 7.7 7.9 8.0
5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 5.9 6.0 5.9 6.1 6.2 6.3 6.4 6.4 6.5 6.8 6.8 7.1 7.3 7.1 7.3 7.3 7.4 7.5 7.7 7.8
5.5 5.5 5.4 5.5 5.5 5.5 5.7 5.5 5.6 5.5 5.6 5.5 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.7 5.8 6.0 6.0 6.0 6.1 6.3 6.4 6.5 6.4 6.6 6.9 6.8 7.1 7.3 7.2 7.3 7.3 7.5 7.6 7.8 7.9
5.7 5.7 5.6 5.7 5.7 5.8 5.9 5.8 5.9 5.8 5.8 5.8 5.9 5.9 5.9 5.9 5.9 6.0 6.0 6.1 6.0 6.1 6.3 6.3 6.3 6.4 6.6 6.7 6.8 6.8 6.9 7.2 7.2 7.5 7.7 7.6 7.7 7.7 7.9 8.0 8.1 8.3
5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.5 5.6 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 5.9 5.9 5.9 6.0 6.2 6.3 6.4 6.3 6.5 6.7 6.7 7.0 7.2 7.0 7.2 7.2 7.3 7.4 7.6 7.7
5.5 5.5 5.4 5.5 5.5 5.5 5.7 5.5 5.6 5.6 5.6 5.5 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.7 5.8 6.0 6.0 6.0 6.1 6.3 6.4 6.4 6.4 6.6 6.8 6.8 7.0 7.2 7.1 7.2 7.2 7.4 7.5 7.6 7.7
5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.8 5.9 5.8 5.8 5.8 5.9 5.9 5.9 5.9 6.0 6.0 6.1 6.1 6.0 6.1 6.3 6.3 6.3 6.4 6.6 6.7 6.8 6.8 6.9 7.1 7.1 7.4 7.6 7.5 7.6 7.6 7.8 7.9 8.0 8.1
5.7 5.7 5.6 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.8 5.8 5.9 5.9 5.9 5.9 5.9 6.0 6.0 6.1 6.0 6.1 6.2 6.3 6.3 6.4 6.6 6.6 6.7 6.7 6.8 7.1 7.1 7.3 7.5 7.4 7.5 7.5 7.7 7.8 7.9 8.0
1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
D I M E N S I O N A L F U N D A D VI S O R S
LONG-TERM
GOVERNMENT BONDS
1926–2012: Total Returns (%)
GROWTH OF $1
$100,000
$10,000
$1,000
$124
$100
$10
$1
$0
1926
2012
Data provided by Ibbotson Associates.
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
-0.3 1969
-2.7 -5.1 1970
2.0 3.2 12.1 1971
4.7 6.4 12.7 13.2 1972
4.9 6.2 10.3 9.4 5.7 1973
3.9 4.7 7.3 5.8 2.2 -1.1 1974
3.9 4.7 6.7 5.4 2.9 1.6 4.4 1975
4.6 5.3 7.1 6.2 4.5 4.1 6.7 9.2 1976
5.9 6.7 8.5 7.9 6.8 7.1 10.0 12.9 16.8 1977
5.2 5.8 7.3 6.6 5.5 5.5 7.2 8.2 7.7 -0.7 1978
4.6 5.1 6.3 5.6 4.5 4.4 5.5 5.8 4.7 -0.9 -1.2 1979
4.1 4.5 5.5 4.8 3.8 3.5 4.3 4.3 3.2 -1.0 -1.2 -1.2 1980
3.5 3.8 4.6 3.9 2.9 2.6 3.1 2.9 1.7 -1.8 -2.1 -2.6 -4.0 1981
3.3 3.6 4.4 3.7 2.8 2.5 3.0 2.8 1.7 -1.0 -1.1 -1.1 -1.1 1.9 1982
5.5 5.9 6.8 6.4 5.8 5.8 6.6 6.8 6.5 4.9 6.0 7.9 11.1 19.6 40.4 1983
5.2 5.5 6.3 5.9 5.3 5.3 6.0 6.1 5.8 4.3 5.1 6.4 8.4 12.9 18.9 0.7 1984
5.8 6.1 6.9 6.6 6.1 6.1 6.8 7.0 6.8 5.6 6.6 7.9 9.8 13.6 17.8 7.9 15.5 1985
7.0 7.5 8.3 8.1 7.7 7.8 8.6 9.0 9.0 8.2 9.3 10.9 13.1 16.8 20.9 15.1 23.0 31.0 1986
7.9 8.3 9.2 9.0 8.7 9.0 9.8 10.2 10.3 9.7 10.9 12.5 14.6 18.1 21.6 17.3 23.5 27.7 24.5 1987
7.3 7.7 8.5 8.3 8.0 8.1 8.8 9.2 9.2 8.5 9.5 10.7 12.3 14.9 17.2 13.0 16.3 16.6 10.0 -2.7 1988
7.4 7.8 8.6 8.4 8.1 8.2 8.9 9.2 9.2 8.6 9.5 10.6 12.0 14.2 16.1 12.5 15.0 14.8 9.9 3.3 9.7 1989
7.9 8.3 9.0 8.9 8.6 8.8 9.4 9.8 9.8 9.3 10.2 11.3 12.6 14.6 16.3 13.3 15.5 15.5 11.9 8.0 13.8 18.1 1990
7.8 8.2 8.9 8.7 8.5 8.6 9.2 9.6 9.6 9.1 9.9 10.9 12.0 13.8 15.2 12.3 14.1 13.9 10.7 7.6 11.2 12.0 6.2 1991
8.3 8.7 9.3 9.2 9.0 9.2 9.8 10.1 10.2 9.7 10.5 11.5 12.6 14.2 15.6 13.1 14.7 14.6 12.1 9.8 13.2 14.4 12.5 19.3 1992
8.3 8.7 9.3 9.2 9.0 9.2 9.8 10.1 10.1 9.7 10.4 11.3 12.4 13.8 15.0 12.7 14.1 14.0 11.7 9.7 12.4 13.1 11.5 14.2 9.4 1993
8.7 9.1 9.7 9.6 9.4 9.6 10.2 10.5 10.6 10.2 10.9 11.8 12.8 14.2 15.3 13.2 14.5 14.4 12.5 10.9 13.4 14.1 13.1 15.6 13.7 18.2 1994
8.0 8.4 8.9 8.8 8.6 8.7 9.2 9.5 9.5 9.1 9.7 10.4 11.3 12.4 13.3 11.3 12.3 12.0 10.1 8.4 10.1 10.1 8.6 9.2 6.1 4.4 -7.8 1995
8.8 9.1 9.7 9.6 9.5 9.7 10.2 10.5 10.5 10.2 10.8 11.6 12.4 13.6 14.5 12.7 13.8 13.7 12.1 10.8 12.6 13.0 12.1 13.4 12.0 12.8 10.2 31.7 1996
8.4 8.8 9.3 9.2 9.1 9.2 9.7 9.9 9.9 9.6 10.2 10.9 11.6 12.7 13.4 11.7 12.6 12.4 10.8 9.5 11.0 11.1 10.2 10.9 9.3 9.2 6.4 14.2 -0.9 1997
8.7 9.0 9.5 9.4 9.3 9.5 9.9 10.2 10.2 9.9 10.5 11.1 11.8 12.8 13.6 12.0 12.8 12.6 11.2 10.1 11.5 11.7 10.9 11.6 10.3 10.5 8.7 14.8 7.1 15.9 1998
8.8 9.1 9.7 9.6 9.4 9.6 10.0 10.3 10.3 10.0 10.6 11.2 11.9 12.9 13.5 12.0 12.8 12.7 11.4 10.3 11.6 11.8 11.1 11.7 10.7 10.9 9.5 14.3 9.1 14.5 13.1 1999
8.2 8.5 9.0 8.9 8.7 8.8 9.2 9.4 9.5 9.1 9.6 10.2 10.8 11.6 12.2 10.7 11.3 11.1 9.8 8.7 9.7 9.7 8.9 9.2 8.0 7.8 6.2 9.2 4.3 6.0 1.4 -9.0 2000
8.6 8.9 9.4 9.3 9.1 9.3 9.7 9.9 9.9 9.6 10.1 10.6 11.2 12.1 12.6 11.3 11.9 11.7 10.5 9.6 10.6 10.7 10.0 10.4 9.5 9.5 8.3 11.2 7.5 9.7 7.7 5.2 21.5 2001
8.4 8.7 9.2 9.1 9.0 9.1 9.5 9.6 9.7 9.4 9.8 10.3 10.9 11.7 12.2 10.8 11.4 11.2 10.1 9.2 10.1 10.1 9.5 9.8 8.9 8.8 7.7 10.1 6.9 8.5 6.7 4.7 12.2 3.7 2002
8.7 9.0 9.4 9.4 9.2 9.4 9.7 9.9 10.0 9.7 10.1 10.6 11.2 11.9 12.4 11.2 11.8 11.6 10.5 9.7 10.6 10.6 10.1 10.4 9.7 9.7 8.8 11.0 8.4 10.0 8.8 7.8 14.1 10.5 17.8 2003
8.5 8.8 9.2 9.1 9.0 9.1 9.4 9.6 9.6 9.4 9.8 10.3 10.8 11.4 11.9 10.7 11.2 11.0 10.0 9.2 10.0 10.0 9.5 9.7 8.9 8.9 8.0 9.9 7.5 8.7 7.6 6.5 10.8 7.4 9.3 1.4 2004
8.5 8.7 9.2 9.1 9.0 9.1 9.4 9.6 9.6 9.4 9.7 10.2 10.7 11.3 11.8 10.6 11.1 10.9 9.9 9.2 9.9 9.9 9.4 9.6 8.9 8.9 8.1 9.8 7.6 8.7 7.7 6.8 10.3 7.7 9.1 4.9 8.5 2005
8.5 8.7 9.1 9.1 8.9 9.0 9.4 9.5 9.5 9.3 9.7 10.1 10.6 11.2 11.6 10.5 10.9 10.7 9.8 9.1 9.8 9.8 9.3 9.5 8.8 8.8 8.0 9.6 7.6 8.6 7.7 7.0 9.9 7.7 8.7 5.9 8.2 7.8 2006
8.3 8.5 8.9 8.8 8.7 8.8 9.1 9.3 9.3 9.0 9.4 9.8 10.2 10.8 11.2 10.1 10.5 10.3 9.4 8.7 9.3 9.3 8.8 9.0 8.3 8.2 7.5 8.9 7.0 7.8 7.0 6.2 8.6 6.6 7.2 4.7 5.8 4.4 1.2 2007
8.3 8.6 8.9 8.9 8.7 8.8 9.1 9.3 9.3 9.0 9.4 9.8 10.2 10.7 11.1 10.1 10.5 10.3 9.4 8.7 9.3 9.3 8.9 9.0 8.4 8.3 7.7 8.9 7.2 8.0 7.3 6.6 8.8 7.1 7.6 5.7 6.8 6.2 5.4 9.9 2008
8.7 9.0 9.3 9.3 9.2 9.3 9.6 9.7 9.7 9.5 9.9 10.3 10.7 11.3 11.6 10.6 11.1 10.9 10.1 9.5 10.1 10.1 9.7 9.9 9.4 9.4 8.8 10.1 8.6 9.4 8.8 8.4 10.5 9.2 10.1 8.8 10.3 10.8 11.8 17.6 25.8 2009
8.1 8.3 8.7 8.6 8.4 8.5 8.8 8.9 8.9 8.7 9.0 9.4 9.7 10.2 10.5 9.6 9.9 9.7 8.9 8.3 8.8 8.7 8.3 8.4 7.8 7.7 7.1 8.2 6.7 7.3 6.6 6.1 7.7 6.3 6.6 5.1 5.7 5.1 4.5 5.6 3.5 -14.9 2010
8.1 8.3 8.7 8.6 8.5 8.6 8.8 9.0 9.0 8.7 9.0 9.4 9.7 10.2 10.5 9.6 9.9 9.7 8.9 8.3 8.9 8.8 8.4 8.5 8.0 7.9 7.3 8.3 6.9 7.5 6.9 6.4 7.9 6.6 7.0 5.7 6.3 5.9 5.6 6.7 5.6 -3.2 10.1 2011
8.6 8.8 9.1 9.0 8.9 9.0 9.3 9.4 9.5 9.3 9.6 9.9 10.3 10.8 11.1 10.2 10.5 10.4 9.6 9.1 9.6 9.6 9.2 9.4 8.9 8.9 8.4 9.4 8.1 8.8 8.3 7.9 9.5 8.4 8.9 8.0 8.8 8.9 9.0 10.7 10.9 6.3 18.8 28.2 2012
8.4 8.6 9.0 8.9 8.8 8.9 9.2 9.3 9.3 9.1 9.4 9.7 10.1 10.5 10.8 9.9 10.3 10.1 9.4 8.8 9.3 9.3 9.0 9.1 8.6 8.6 8.1 9.1 7.9 8.4 7.9 7.6 9.0 8.0 8.4 7.5 8.2 8.2 8.2 9.4 9.3 5.6 13.4 15.1 3.3
1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
39

22. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
40
1926
7.4 1927
7.4 7.4 1928
5.9 5.1 2.8 1929
5.2 4.5 3.1 3.3 1930
5.8 5.4 4.7 5.6 8.0 1931
4.4 3.9 3.0 3.1 2.9 -1.9 1932
5.3 5.0 4.5 4.9 5.5 4.3 10.8 1933
6.0 5.8 5.5 6.0 6.7 6.3 10.6 10.4 1934
6.8 6.7 6.6 7.3 8.1 8.1 11.7 12.1 13.8 1935
7.1 7.0 7.0 7.6 8.3 8.4 11.2 11.3 11.7 9.6 1936
7.1 7.0 7.0 7.5 8.1 8.1 10.3 10.1 10.0 8.2 6.7 1937
6.7 6.6 6.5 7.0 7.4 7.4 9.0 8.6 8.2 6.3 4.7 2.7 1938
6.6 6.6 6.5 6.9 7.3 7.2 8.6 8.2 7.8 6.3 5.2 4.4 6.1 1939
6.4 6.4 6.3 6.6 6.9 6.8 8.0 7.6 7.1 5.8 4.9 4.3 5.0 4.0 1940
6.2 6.2 6.1 6.3 6.6 6.5 7.5 7.0 6.6 5.4 4.6 4.1 4.5 3.7 3.4 1941
6.0 5.9 5.8 6.1 6.3 6.1 7.0 6.6 6.1 5.0 4.3 3.8 4.0 3.4 3.1 2.7 1942
5.8 5.7 5.6 5.8 6.0 5.8 6.6 6.2 5.7 4.7 4.0 3.6 3.8 3.2 2.9 2.7 2.6 1943
5.6 5.5 5.4 5.6 5.8 5.6 6.3 5.8 5.4 4.5 3.9 3.5 3.6 3.1 2.9 2.7 2.7 2.8 1944
5.6 5.5 5.4 5.5 5.7 5.5 6.1 5.8 5.3 4.5 4.0 3.6 3.8 3.4 3.3 3.2 3.4 3.8 4.7 1945
5.5 5.4 5.3 5.5 5.6 5.4 6.0 5.6 5.2 4.5 4.0 3.7 3.8 3.5 3.4 3.4 3.6 3.9 4.4 4.1 1946
5.3 5.2 5.1 5.3 5.4 5.2 5.7 5.3 5.0 4.3 3.8 3.5 3.6 3.3 3.2 3.1 3.2 3.3 3.5 2.9 1.7 1947
5.0 4.9 4.7 4.8 4.9 4.7 5.2 4.8 4.4 3.7 3.3 2.9 3.0 2.6 2.4 2.3 2.2 2.2 2.0 1.1 -0.3 -2.3 1948
4.9 4.8 4.7 4.8 4.9 4.7 5.1 4.8 4.4 3.8 3.3 3.0 3.1 2.8 2.6 2.5 2.5 2.5 2.4 1.9 1.1 0.8 4.1 1949
4.9 4.8 4.6 4.7 4.8 4.6 5.0 4.7 4.3 3.7 3.3 3.1 3.1 2.8 2.7 2.6 2.6 2.6 2.6 2.2 1.7 1.7 3.7 3.3 1950
4.8 4.7 4.5 4.6 4.7 4.5 4.9 4.5 4.2 3.6 3.2 3.0 3.0 2.8 2.6 2.6 2.6 2.6 2.5 2.1 1.8 1.8 3.2 2.7 2.1 1951
4.5 4.3 4.2 4.3 4.3 4.2 4.5 4.1 3.8 3.2 2.9 2.6 2.6 2.3 2.2 2.1 2.0 2.0 1.8 1.4 1.0 0.9 1.7 0.9 -0.3 -2.7 1952
4.4 4.3 4.2 4.2 4.3 4.1 4.4 4.1 3.8 3.3 2.9 2.7 2.7 2.4 2.3 2.2 2.2 2.1 2.0 1.7 1.4 1.3 2.0 1.5 0.9 0.4 3.5 1953
4.4 4.3 4.2 4.2 4.3 4.1 4.4 4.1 3.8 3.3 2.9 2.7 2.7 2.5 2.4 2.3 2.3 2.2 2.2 1.9 1.6 1.6 2.3 1.9 1.6 1.4 3.5 3.4 1954
4.4 4.3 4.2 4.3 4.3 4.2 4.4 4.1 3.8 3.4 3.1 2.9 2.9 2.7 2.6 2.5 2.5 2.5 2.5 2.2 2.0 2.1 2.7 2.5 2.3 2.4 4.1 4.4 5.4 1955
4.3 4.2 4.1 4.1 4.2 4.0 4.3 4.0 3.7 3.2 2.9 2.7 2.7 2.5 2.4 2.4 2.4 2.3 2.3 2.1 1.9 1.9 2.4 2.2 2.0 2.0 3.2 3.1 2.9 0.5 1956
3.9 3.8 3.7 3.7 3.7 3.6 3.8 3.5 3.2 2.8 2.4 2.2 2.2 2.0 1.9 1.8 1.7 1.6 1.6 1.3 1.1 1.0 1.4 1.0 0.7 0.5 1.1 0.5 -0.4 -3.2 -6.8 1957
4.1 4.0 3.8 3.9 3.9 3.7 4.0 3.7 3.4 3.0 2.7 2.5 2.5 2.3 2.2 2.2 2.1 2.1 2.1 1.9 1.7 1.7 2.1 1.8 1.7 1.6 2.3 2.1 1.8 0.6 0.7 8.7 1958
3.9 3.8 3.6 3.7 3.7 3.5 3.7 3.5 3.2 2.8 2.5 2.3 2.3 2.1 2.0 1.9 1.9 1.8 1.8 1.6 1.4 1.3 1.7 1.4 1.2 1.1 1.7 1.4 1.0 -0.1 -0.3 3.1 -2.2 1959
3.7 3.6 3.5 3.5 3.5 3.4 3.6 3.3 3.0 2.6 2.3 2.2 2.1 1.9 1.8 1.8 1.7 1.7 1.6 1.4 1.2 1.2 1.5 1.2 1.0 0.9 1.3 1.0 0.6 -0.3 -0.5 1.7 -1.6 -1.0 1960
3.9 3.8 3.7 3.7 3.7 3.6 3.7 3.5 3.3 2.9 2.6 2.4 2.4 2.3 2.2 2.1 2.1 2.1 2.0 1.8 1.7 1.7 2.0 1.8 1.7 1.7 2.2 2.0 1.8 1.2 1.4 3.5 1.8 3.9 9.1 1961
3.9 3.8 3.7 3.7 3.7 3.6 3.8 3.5 3.3 2.9 2.7 2.5 2.5 2.4 2.3 2.2 2.2 2.2 2.2 2.0 1.9 1.9 2.2 2.1 2.0 2.0 2.4 2.3 2.2 1.7 1.9 3.8 2.6 4.2 6.9 4.8 1962
4.0 3.9 3.8 3.8 3.9 3.7 3.9 3.7 3.5 3.1 2.9 2.7 2.7 2.6 2.5 2.5 2.5 2.5 2.5 2.3 2.2 2.3 2.6 2.5 2.4 2.4 2.9 2.9 2.8 2.5 2.8 4.5 3.6 5.1 7.3 6.4 7.9 1963
4.0 3.9 3.8 3.8 3.8 3.7 3.9 3.6 3.4 3.1 2.9 2.7 2.7 2.6 2.5 2.5 2.5 2.5 2.5 2.3 2.2 2.3 2.6 2.5 2.4 2.4 2.9 2.8 2.7 2.4 2.7 4.1 3.4 4.5 6.0 5.0 5.0 2.2 1964
4.0 3.9 3.8 3.8 3.8 3.7 3.9 3.7 3.5 3.1 2.9 2.8 2.8 2.7 2.6 2.6 2.6 2.6 2.6 2.5 2.4 2.4 2.7 2.6 2.6 2.6 3.0 3.0 2.9 2.7 2.9 4.2 3.6 4.6 5.7 4.9 4.9 3.5 4.8 1965
3.9 3.8 3.7 3.7 3.7 3.6 3.8 3.6 3.3 3.0 2.8 2.7 2.7 2.5 2.5 2.5 2.4 2.4 2.4 2.3 2.2 2.3 2.5 2.4 2.4 2.4 2.8 2.7 2.6 2.4 2.6 3.7 3.1 3.8 4.7 3.8 3.6 2.1 2.1 -0.5 1966
3.8 3.7 3.6 3.6 3.6 3.5 3.7 3.5 3.2 2.9 2.7 2.6 2.6 2.5 2.4 2.4 2.4 2.3 2.3 2.2 2.1 2.1 2.4 2.3 2.2 2.2 2.6 2.5 2.4 2.2 2.4 3.3 2.7 3.4 4.0 3.2 2.9 1.7 1.5 -0.1 0.2 1967
3.6 3.5 3.4 3.4 3.4 3.3 3.4 3.2 3.0 2.7 2.5 2.3 2.3 2.2 2.1 2.1 2.1 2.0 2.0 1.9 1.8 1.8 2.0 1.9 1.8 1.8 2.1 2.0 1.9 1.6 1.7 2.5 1.9 2.4 2.9 2.0 1.5 0.3 -0.2 -1.8 -2.4 -5.0
3.5 3.4 3.3 3.4 3.4 3.2 3.4 3.2 3.0 2.7 2.5 2.3 2.3 2.2 2.2 2.1 2.1 2.1 2.0 1.9 1.8 1.8 2.0 1.9 1.9 1.8 2.1 2.0 1.9 1.7 1.8 2.5 2.0 2.4 2.8 2.1 1.7 0.7 0.4 -0.7 -0.8 -1.3
3.3 3.2 3.1 3.1 3.1 2.9 3.1 2.9 2.7 2.4 2.2 2.0 2.0 1.9 1.8 1.7 1.7 1.7 1.6 1.5 1.4 1.4 1.6 1.4 1.3 1.3 1.5 1.4 1.3 1.0 1.1 1.7 1.1 1.4 1.7 0.9 0.4 -0.6 -1.1 -2.2 -2.7 -3.6
3.6 3.5 3.4 3.4 3.4 3.3 3.4 3.2 3.1 2.8 2.6 2.5 2.5 2.3 2.3 2.3 2.2 2.2 2.2 2.1 2.0 2.0 2.2 2.1 2.1 2.1 2.3 2.3 2.2 2.0 2.1 2.8 2.4 2.7 3.1 2.5 2.3 1.6 1.5 0.9 1.2 1.5
3.7 3.6 3.6 3.6 3.6 3.5 3.6 3.4 3.3 3.0 2.8 2.7 2.7 2.6 2.6 2.5 2.5 2.5 2.5 2.4 2.4 2.4 2.6 2.5 2.5 2.5 2.8 2.7 2.7 2.5 2.7 3.3 3.0 3.4 3.7 3.3 3.1 2.6 2.6 2.3 2.8 3.3
3.8 3.7 3.6 3.7 3.7 3.6 3.7 3.5 3.4 3.1 2.9 2.8 2.8 2.7 2.7 2.7 2.7 2.7 2.7 2.6 2.5 2.6 2.8 2.7 2.7 2.7 3.0 2.9 2.9 2.8 2.9 3.6 3.2 3.6 4.0 3.6 3.5 3.0 3.1 2.9 3.4 4.0
3.7 3.7 3.6 3.6 3.6 3.5 3.6 3.5 3.3 3.0 2.9 2.8 2.8 2.7 2.6 2.6 2.6 2.6 2.6 2.5 2.5 2.5 2.7 2.6 2.6 2.6 2.9 2.9 2.8 2.7 2.8 3.4 3.1 3.5 3.8 3.4 3.3 2.9 2.9 2.7 3.1 3.6
3.6 3.5 3.4 3.4 3.5 3.4 3.5 3.3 3.1 2.9 2.7 2.6 2.6 2.5 2.5 2.4 2.4 2.4 2.4 2.3 2.3 2.3 2.5 2.4 2.4 2.4 2.6 2.6 2.5 2.4 2.5 3.1 2.7 3.0 3.3 2.9 2.8 2.4 2.4 2.1 2.4 2.7
3.8 3.7 3.7 3.7 3.7 3.6 3.7 3.6 3.4 3.2 3.0 2.9 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.7 2.7 2.7 2.9 2.9 2.8 2.9 3.1 3.1 3.1 3.0 3.1 3.6 3.4 3.7 4.0 3.7 3.6 3.3 3.3 3.2 3.6 4.0
4.1 4.0 3.9 4.0 4.0 3.9 4.0 3.9 3.7 3.5 3.4 3.3 3.3 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.4 3.4 3.4 3.4 3.7 3.7 3.7 3.6 3.8 4.3 4.1 4.5 4.8 4.5 4.5 4.3 4.4 4.4 4.9 5.4
4.0 4.0 3.9 3.9 3.9 3.9 4.0 3.8 3.7 3.5 3.3 3.2 3.2 3.2 3.2 3.1 3.2 3.2 3.2 3.1 3.1 3.2 3.3 3.3 3.3 3.4 3.6 3.6 3.6 3.5 3.7 4.2 4.0 4.3 4.6 4.4 4.3 4.1 4.2 4.2 4.6 5.0
4.0 3.9 3.8 3.8 3.9 3.8 3.9 3.7 3.6 3.4 3.2 3.2 3.2 3.1 3.1 3.1 3.1 3.1 3.1 3.0 3.0 3.1 3.2 3.2 3.2 3.2 3.5 3.5 3.5 3.4 3.5 4.0 3.8 4.1 4.4 4.1 4.1 3.8 4.0 3.9 4.2 4.6
3.8 3.7 3.7 3.7 3.7 3.6 3.7 3.6 3.4 3.2 3.1 3.0 3.0 2.9 2.9 2.9 2.9 2.9 2.9 2.8 2.8 2.8 3.0 3.0 2.9 3.0 3.2 3.2 3.2 3.1 3.2 3.6 3.4 3.7 3.9 3.7 3.6 3.4 3.4 3.3 3.6 3.9
3.7 3.6 3.5 3.6 3.6 3.5 3.6 3.4 3.3 3.1 2.9 2.8 2.9 2.8 2.7 2.7 2.7 2.7 2.7 2.7 2.6 2.7 2.8 2.8 2.8 2.8 3.0 3.0 2.9 2.8 2.9 3.4 3.1 3.4 3.6 3.3 3.3 3.0 3.1 3.0 3.2 3.4
3.6 3.5 3.5 3.5 3.5 3.4 3.5 3.3 3.2 3.0 2.8 2.8 2.8 2.7 2.7 2.6 2.6 2.6 2.6 2.6 2.5 2.6 2.7 2.7 2.6 2.7 2.8 2.8 2.8 2.7 2.8 3.2 3.0 3.2 3.4 3.1 3.0 2.8 2.8 2.7 2.9 3.1
4.2 4.1 4.1 4.1 4.1 4.0 4.2 4.0 3.9 3.7 3.6 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.7 3.7 3.7 3.7 4.0 4.0 4.0 3.9 4.1 4.5 4.4 4.6 4.9 4.7 4.7 4.5 4.7 4.7 5.0 5.3
4.2 4.1 4.1 4.1 4.1 4.1 4.2 4.0 3.9 3.7 3.6 3.5 3.6 3.5 3.5 3.5 3.5 3.5 3.6 3.5 3.5 3.6 3.7 3.7 3.7 3.8 4.0 4.0 4.0 4.0 4.1 4.5 4.4 4.6 4.9 4.7 4.7 4.5 4.7 4.7 5.0 5.2
4.4 4.3 4.3 4.3 4.3 4.3 4.4 4.3 4.2 4.0 3.9 3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.8 3.9 4.0 4.0 4.1 4.1 4.3 4.4 4.4 4.4 4.5 4.9 4.8 5.1 5.3 5.2 5.2 5.1 5.2 5.2 5.5 5.8
4.8 4.7 4.7 4.7 4.8 4.7 4.8 4.7 4.6 4.4 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.4 4.4 4.4 4.4 4.5 4.7 4.7 4.7 4.8 5.0 5.1 5.1 5.1 5.3 5.7 5.6 5.9 6.2 6.1 6.1 6.1 6.2 6.3 6.7 7.0
5.0 5.0 4.9 5.0 5.0 5.0 5.1 5.0 4.9 4.7 4.6 4.6 4.6 4.6 4.6 4.6 4.7 4.7 4.8 4.8 4.8 4.9 5.0 5.1 5.1 5.2 5.4 5.5 5.6 5.6 5.7 6.2 6.1 6.4 6.7 6.6 6.7 6.6 6.8 6.9 7.3 7.6
4.9 4.9 4.9 4.9 4.9 4.9 5.0 4.9 4.8 4.6 4.5 4.5 4.5 4.5 4.5 4.5 4.6 4.6 4.6 4.6 4.7 4.7 4.9 4.9 5.0 5.0 5.3 5.3 5.4 5.4 5.5 6.0 5.9 6.2 6.4 6.3 6.4 6.3 6.5 6.6 6.9 7.2
5.0 5.0 4.9 5.0 5.0 5.0 5.1 5.0 4.9 4.7 4.6 4.6 4.6 4.6 4.6 4.6 4.7 4.7 4.8 4.8 4.8 4.9 5.0 5.1 5.1 5.2 5.4 5.5 5.5 5.5 5.7 6.1 6.0 6.3 6.6 6.5 6.5 6.5 6.7 6.7 7.1 7.4
5.2 5.2 5.1 5.2 5.2 5.1 5.3 5.2 5.1 4.9 4.8 4.8 4.8 4.8 4.8 4.9 4.9 5.0 5.0 5.0 5.0 5.1 5.3 5.3 5.4 5.5 5.7 5.7 5.8 5.8 6.0 6.4 6.3 6.6 6.9 6.8 6.9 6.8 7.0 7.1 7.4 7.8
5.2 5.2 5.1 5.2 5.2 5.2 5.3 5.2 5.1 5.0 4.9 4.8 4.9 4.9 4.9 4.9 4.9 5.0 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5 5.7 5.8 5.8 5.8 6.0 6.4 6.3 6.6 6.9 6.8 6.9 6.8 7.0 7.1 7.4 7.7
5.4 5.4 5.4 5.4 5.4 5.4 5.5 5.4 5.3 5.2 5.1 5.1 5.1 5.1 5.1 5.2 5.2 5.3 5.3 5.3 5.4 5.5 5.6 5.7 5.7 5.8 6.0 6.1 6.2 6.2 6.4 6.8 6.7 7.0 7.3 7.2 7.3 7.3 7.4 7.5 7.9 8.2
5.5 5.4 5.4 5.5 5.5 5.5 5.6 5.5 5.4 5.3 5.2 5.2 5.2 5.2 5.2 5.3 5.3 5.4 5.4 5.4 5.5 5.5 5.7 5.8 5.8 5.9 6.1 6.2 6.3 6.3 6.5 6.8 6.8 7.1 7.3 7.3 7.3 7.3 7.5 7.6 7.9 8.2
5.6 5.6 5.5 5.6 5.6 5.6 5.7 5.6 5.5 5.4 5.3 5.3 5.4 5.3 5.4 5.4 5.5 5.5 5.6 5.6 5.6 5.7 5.9 5.9 6.0 6.1 6.3 6.4 6.4 6.5 6.6 7.0 7.0 7.2 7.5 7.4 7.5 7.5 7.7 7.8 8.1 8.4
5.4 5.4 5.3 5.4 5.4 5.4 5.5 5.4 5.3 5.2 5.1 5.1 5.1 5.1 5.1 5.2 5.2 5.3 5.3 5.3 5.3 5.4 5.6 5.6 5.7 5.8 6.0 6.0 6.1 6.1 6.2 6.6 6.6 6.8 7.0 7.0 7.1 7.0 7.2 7.3 7.5 7.8
5.7 5.6 5.6 5.7 5.7 5.7 5.8 5.7 5.6 5.5 5.4 5.4 5.5 5.4 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 6.0 6.0 6.1 6.2 6.4 6.5 6.5 6.6 6.7 7.1 7.0 7.3 7.5 7.5 7.6 7.6 7.7 7.8 8.1 8.4
5.6 5.6 5.6 5.6 5.6 5.6 5.7 5.6 5.6 5.4 5.4 5.3 5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.6 5.6 5.7 5.9 5.9 6.0 6.1 6.3 6.3 6.4 6.4 6.6 6.9 6.9 7.1 7.4 7.3 7.4 7.4 7.5 7.6 7.9 8.2
5.7 5.7 5.7 5.7 5.7 5.7 5.8 5.7 5.7 5.5 5.5 5.5 5.5 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 5.9 6.0 6.1 6.1 6.2 6.4 6.5 6.5 6.6 6.7 7.1 7.0 7.3 7.5 7.5 7.5 7.5 7.7 7.8 8.1 8.3
5.8 5.8 5.7 5.8 5.8 5.8 5.9 5.8 5.7 5.6 5.6 5.5 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.8 5.9 5.9 6.1 6.2 6.2 6.3 6.5 6.6 6.6 6.7 6.8 7.2 7.1 7.4 7.6 7.6 7.6 7.6 7.8 7.9 8.1 8.4
5.6 5.6 5.5 5.6 5.6 5.6 5.7 5.6 5.5 5.4 5.3 5.3 5.4 5.4 5.4 5.4 5.5 5.5 5.6 5.6 5.6 5.7 5.8 5.9 5.9 6.0 6.2 6.2 6.3 6.3 6.5 6.8 6.8 7.0 7.2 7.1 7.2 7.2 7.3 7.4 7.6 7.9
5.7 5.7 5.6 5.7 5.7 5.7 5.8 5.7 5.6 5.5 5.5 5.4 5.5 5.5 5.5 5.5 5.6 5.6 5.7 5.7 5.7 5.8 6.0 6.0 6.1 6.1 6.3 6.4 6.4 6.5 6.6 6.9 6.9 7.1 7.3 7.3 7.3 7.3 7.5 7.5 7.8 8.0
5.7 5.7 5.7 5.7 5.8 5.7 5.9 5.8 5.7 5.6 5.5 5.5 5.6 5.6 5.6 5.6 5.7 5.7 5.8 5.8 5.8 5.9 6.1 6.1 6.1 6.2 6.4 6.5 6.5 6.6 6.7 7.0 7.0 7.2 7.4 7.4 7.4 7.4 7.6 7.6 7.9 8.1
5.9 5.9 5.8 5.9 5.9 5.9 6.0 5.9 5.9 5.7 5.7 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 6.0 6.0 6.1 6.2 6.3 6.3 6.4 6.6 6.7 6.7 6.8 6.9 7.2 7.2 7.4 7.6 7.6 7.6 7.6 7.8 7.9 8.1 8.3
5.9 5.8 5.8 5.9 5.9 5.9 6.0 5.9 5.9 5.7 5.7 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.1 6.2 6.3 6.3 6.4 6.6 6.6 6.7 6.7 6.9 7.2 7.1 7.4 7.5 7.5 7.6 7.6 7.7 7.8 8.0 8.2
5.9 5.9 5.9 5.9 5.9 5.9 6.0 6.0 5.9 5.8 5.7 5.7 5.8 5.8 5.8 5.8 5.9 5.9 6.0 6.0 6.0 6.1 6.3 6.3 6.3 6.4 6.6 6.7 6.7 6.8 6.9 7.2 7.2 7.4 7.6 7.5 7.6 7.6 7.7 7.8 8.0 8.2
5.9 5.9 5.9 5.9 5.9 5.9 6.0 6.0 5.9 5.8 5.7 5.7 5.8 5.8 5.8 5.8 5.9 5.9 6.0 6.0 6.0 6.1 6.2 6.3 6.3 6.4 6.6 6.7 6.7 6.7 6.9 7.2 7.1 7.3 7.5 7.5 7.6 7.6 7.7 7.8 8.0 8.2
5.9 5.8 5.8 5.9 5.9 5.9 6.0 5.9 5.9 5.7 5.7 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.0 6.2 6.2 6.3 6.4 6.5 6.6 6.7 6.7 6.8 7.1 7.1 7.3 7.4 7.4 7.5 7.5 7.6 7.7 7.9 8.1
5.8 5.8 5.8 5.8 5.9 5.8 5.9 5.9 5.8 5.7 5.7 5.6 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.1 6.2 6.2 6.3 6.5 6.5 6.6 6.6 6.7 7.0 7.0 7.2 7.3 7.3 7.4 7.3 7.5 7.5 7.7 7.9
5.9 5.8 5.8 5.9 5.9 5.9 6.0 5.9 5.8 5.7 5.7 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.0 6.2 6.2 6.3 6.3 6.5 6.6 6.6 6.6 6.8 7.0 7.0 7.2 7.4 7.3 7.4 7.4 7.5 7.6 7.8 7.9
5.8 5.8 5.8 5.8 5.9 5.8 5.9 5.9 5.8 5.7 5.7 5.6 5.7 5.7 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.1 6.2 6.2 6.3 6.4 6.5 6.5 6.6 6.7 7.0 6.9 7.1 7.3 7.2 7.3 7.3 7.4 7.5 7.6 7.8
5.9 5.9 5.9 5.9 5.9 5.9 6.0 6.0 5.9 5.8 5.7 5.7 5.8 5.8 5.8 5.8 5.9 5.9 6.0 6.0 6.0 6.1 6.2 6.3 6.3 6.4 6.5 6.6 6.6 6.7 6.8 7.1 7.0 7.2 7.4 7.3 7.4 7.4 7.5 7.6 7.7 7.9
6.0 6.0 6.0 6.0 6.1 6.1 6.2 6.1 6.0 5.9 5.9 5.9 5.9 5.9 6.0 6.0 6.0 6.1 6.1 6.2 6.2 6.3 6.4 6.4 6.5 6.6 6.7 6.8 6.8 6.9 7.0 7.2 7.2 7.4 7.6 7.5 7.6 7.6 7.7 7.8 8.0 8.1
6.1 6.1 6.1 6.1 6.1 6.1 6.2 6.2 6.1 6.0 6.0 5.9 6.0 6.0 6.0 6.1 6.1 6.2 6.2 6.2 6.3 6.3 6.5 6.5 6.6 6.6 6.8 6.8 6.9 6.9 7.0 7.3 7.3 7.5 7.6 7.6 7.7 7.7 7.8 7.8 8.0 8.2
1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
D I M E N S I O N A L F U N D A D VI S O R S
LONG-TERM
CORPORATE BONDS
1926–2012: Total Returns (%)
GROWTH OF $1
$100,000
$10,000
$1,000
$171
$100
$10
$1
$0
1926
2012
Data provided by Ibbotson Associates.
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
2.6 1969
-2.9 -8.1 1970
3.7 4.3 18.4 1971
5.5 6.5 14.6 11.0 1972
5.8 6.7 12.1 9.1 7.3 1973
5.0 5.6 9.3 6.4 4.2 1.1 1974
3.9 4.1 6.7 3.9 1.7 -1.0 -3.1 1975
5.1 5.5 8.0 6.0 4.8 4.0 5.4 14.6 1976
6.6 7.1 9.4 8.0 7.4 7.5 9.7 16.6 18.6 1977
6.1 6.5 8.4 7.1 6.4 6.3 7.6 11.4 9.9 1.7 1978
5.5 5.8 7.5 6.2 5.5 5.2 6.0 8.4 6.4 0.8 -0.1 1979
4.7 4.8 6.2 5.0 4.2 3.8 4.3 5.8 3.7 -0.9 -2.2 -4.2 1980
4.1 4.2 5.4 4.2 3.4 3.0 3.2 4.3 2.4 -1.3 -2.3 -3.4 -2.6 1981
3.7 3.8 4.9 3.7 3.0 2.5 2.7 3.6 1.8 -1.2 -2.0 -2.6 -1.8 -1.0 1982
6.0 6.2 7.4 6.6 6.2 6.1 6.6 7.9 7.0 5.1 5.8 7.4 11.5 19.3 43.8 1983
5.9 6.1 7.2 6.4 6.0 5.9 6.4 7.5 6.7 5.1 5.6 6.8 9.8 14.2 22.7 4.7 1984
6.5 6.7 7.8 7.1 6.8 6.8 7.3 8.4 7.7 6.4 7.1 8.4 11.1 14.8 20.6 10.4 16.4 1985
7.7 8.0 9.1 8.5 8.4 8.5 9.1 10.3 9.8 8.9 9.8 11.3 14.1 17.8 23.1 16.8 23.4 30.9 1986
8.3 8.7 9.7 9.2 9.1 9.2 9.9 11.0 10.7 9.9 10.9 12.4 14.9 18.2 22.4 17.6 22.2 25.3 19.8 1987
7.9 8.2 9.2 8.6 8.5 8.6 9.1 10.1 9.8 9.0 9.7 10.9 12.9 15.3 18.3 13.8 16.2 16.1 9.3 -0.3 1988
8.0 8.3 9.2 8.8 8.6 8.7 9.2 10.2 9.8 9.1 9.8 10.9 12.7 14.7 17.2 13.3 15.1 14.7 9.8 5.1 10.7 1989
8.4 8.7 9.6 9.1 9.0 9.1 9.7 10.6 10.3 9.7 10.3 11.3 13.0 14.9 17.1 13.7 15.2 15.0 11.4 8.7 13.4 16.2 1990
8.3 8.6 9.4 9.0 8.9 9.0 9.5 10.3 10.0 9.4 10.1 11.0 12.4 14.1 15.9 12.8 14.0 13.6 10.4 8.2 11.2 11.4 6.8 1991
8.8 9.0 9.9 9.5 9.4 9.5 10.0 10.9 10.6 10.1 10.7 11.6 13.0 14.6 16.3 13.6 14.7 14.5 12.0 10.4 13.3 14.2 13.1 19.9 1992
8.8 9.1 9.9 9.5 9.4 9.5 10.0 10.8 10.6 10.1 10.6 11.5 12.8 14.1 15.6 13.1 14.1 13.8 11.6 10.3 12.5 13.0 11.9 14.5 9.4 1993
9.0 9.2 10.0 9.7 9.6 9.7 10.2 10.9 10.7 10.2 10.8 11.6 12.8 14.1 15.4 13.1 14.0 13.8 11.8 10.7 12.6 13.0 12.2 14.1 11.3 13.2 1994
8.3 8.5 9.3 8.9 8.8 8.9 9.3 9.9 9.7 9.2 9.7 10.3 11.3 12.4 13.5 11.3 11.9 11.5 9.5 8.3 9.6 9.4 8.1 8.4 4.8 2.6 -7.0 1995
8.9 9.2 9.9 9.6 9.5 9.6 10.0 10.7 10.5 10.1 10.5 11.2 12.2 13.3 14.4 12.4 13.1 12.8 11.1 10.2 11.5 11.7 10.9 11.8 9.8 10.0 8.4 26.4 1996
8.7 8.9 9.6 9.2 9.2 9.2 9.6 10.2 10.0 9.6 10.0 10.6 11.6 12.5 13.5 11.6 12.1 11.8 10.2 9.3 10.4 10.3 9.5 10.0 8.1 7.8 6.0 13.2 1.4 1997
8.8 9.0 9.7 9.4 9.3 9.4 9.7 10.3 10.1 9.8 10.2 10.7 11.6 12.5 13.4 11.7 12.2 11.9 10.4 9.6 10.6 10.6 9.9 10.4 8.9 8.8 7.7 13.1 7.0 12.9 1998
8.9 9.1 9.7 9.4 9.4 9.4 9.8 10.4 10.2 9.8 10.2 10.7 11.6 12.4 13.3 11.6 12.1 11.8 10.4 9.7 10.6 10.6 10.0 10.4 9.1 9.1 8.3 12.5 8.3 11.8 10.8 1999
8.3 8.5 9.1 8.8 8.7 8.8 9.1 9.6 9.4 9.0 9.3 9.8 10.6 11.3 12.0 10.4 10.8 10.4 9.0 8.3 9.0 8.9 8.1 8.3 6.9 6.6 5.5 8.2 4.1 5.0 1.2 -7.5 2000
8.4 8.6 9.2 8.9 8.9 8.9 9.2 9.7 9.5 9.1 9.5 9.9 10.7 11.4 12.1 10.5 10.9 10.5 9.3 8.6 9.3 9.2 8.6 8.7 7.6 7.3 6.5 9.0 5.8 6.9 5.0 2.2 12.9 2001
8.5 8.7 9.3 9.0 8.9 9.0 9.3 9.7 9.6 9.2 9.5 10.0 10.7 11.3 12.0 10.5 10.9 10.5 9.4 8.7 9.4 9.3 8.7 8.9 7.9 7.7 7.0 9.2 6.6 7.6 6.4 4.9 11.7 10.6 2002
8.7 8.9 9.5 9.2 9.1 9.2 9.5 10.0 9.8 9.5 9.8 10.2 10.9 11.6 12.2 10.8 11.1 10.9 9.8 9.2 9.8 9.8 9.3 9.5 8.6 8.5 8.0 10.1 7.9 9.1 8.3 7.7 13.3 13.5 16.3 2003
8.6 8.8 9.3 9.1 9.0 9.1 9.4 9.8 9.6 9.3 9.6 10.0 10.7 11.3 11.9 10.5 10.8 10.6 9.5 8.9 9.5 9.5 9.0 9.2 8.3 8.2 7.8 9.5 7.6 8.5 7.8 7.2 11.2 10.7 10.7 5.3 2004
8.6 8.8 9.3 9.1 9.0 9.1 9.3 9.8 9.6 9.3 9.6 10.0 10.6 11.2 11.7 10.5 10.7 10.5 9.5 8.9 9.5 9.4 9.0 9.1 8.4 8.3 7.8 9.5 7.7 8.5 7.9 7.4 10.7 10.2 10.0 7.0 8.7 2005
8.6 8.7 9.2 9.0 8.9 9.0 9.2 9.6 9.5 9.2 9.5 9.8 10.4 11.0 11.5 10.3 10.5 10.2 9.3 8.8 9.3 9.2 8.8 8.9 8.2 8.1 7.7 9.1 7.5 8.2 7.7 7.2 9.9 9.3 9.0 6.6 7.3 5.9 2006
8.4 8.6 9.1 8.8 8.7 8.8 9.0 9.4 9.3 9.0 9.2 9.6 10.1 10.6 11.1 10.0 10.2 9.9 9.0 8.5 9.0 8.9 8.5 8.6 7.8 7.7 7.3 8.6 7.1 7.7 7.2 6.7 8.9 8.3 7.8 5.8 5.9 4.5 3.2 2007
8.3 8.4 8.9 8.6 8.6 8.6 8.8 9.2 9.1 8.8 9.0 9.3 9.8 10.3 10.8 9.6 9.9 9.6 8.7 8.2 8.6 8.5 8.1 8.2 7.5 7.4 7.0 8.1 6.7 7.2 6.7 6.2 8.1 7.4 6.9 5.1 5.1 3.9 2.9 2.6 2008
8.3 8.4 8.9 8.6 8.6 8.6 8.8 9.2 9.0 8.8 9.0 9.3 9.8 10.3 10.7 9.6 9.8 9.6 8.7 8.2 8.6 8.5 8.2 8.2 7.6 7.5 7.1 8.2 6.9 7.4 6.9 6.5 8.2 7.6 7.2 5.7 5.8 5.1 4.8 5.6 8.8 2009
8.1 8.3 8.7 8.5 8.4 8.5 8.7 9.0 8.9 8.6 8.8 9.1 9.6 10.0 10.4 9.4 9.5 9.3 8.5 8.0 8.4 8.3 7.9 8.0 7.3 7.2 6.8 7.8 6.6 7.0 6.6 6.2 7.6 7.1 6.6 5.3 5.3 4.7 4.4 4.8 5.9 3.0 2010
8.2 8.4 8.8 8.6 8.5 8.6 8.8 9.1 9.0 8.7 8.9 9.2 9.7 10.1 10.5 9.5 9.7 9.4 8.6 8.2 8.6 8.5 8.1 8.2 7.6 7.5 7.2 8.1 7.0 7.4 7.0 6.7 8.1 7.6 7.3 6.2 6.3 5.9 5.9 6.6 8.0 7.6 12.4 2011
8.5 8.6 9.0 8.8 8.8 8.8 9.0 9.3 9.2 8.9 9.2 9.5 9.9 10.3 10.7 9.8 9.9 9.7 9.0 8.5 8.9 8.9 8.5 8.6 8.1 8.0 7.7 8.7 7.7 8.1 7.7 7.5 8.9 8.5 8.3 7.4 7.7 7.6 7.9 8.8 10.4 11.0 15.2 17.9 2012
8.5 8.6 9.1 8.9 8.8 8.8 9.0 9.4 9.2 9.0 9.2 9.5 9.9 10.4 10.7 9.8 10.0 9.7 9.0 8.6 9.0 8.9 8.6 8.7 8.2 8.1 7.9 8.8 7.8 8.2 7.9 7.7 9.0 8.7 8.5 7.8 8.0 8.0 8.3 9.1 10.5 10.9 13.6 14.3 10.7
1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
41

23. Barclays US TIPS INDEX
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1998–2012: Total Returns (%)
GROWTH OF $1
$100,000
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1998
3.9 1999
3.2 2.4 2000
6.4 7.7 13.2 2001
6.8 7.7 10.5 7.9 2002
8.7 9.9 12.5 12.1 16.6 2003
8.6 9.6 11.5 10.9 12.4 8.4 2004
8.6 9.4 10.8 10.3 11.1 8.4 8.5 2005
7.9 8.4 9.5 8.7 9.0 6.5 5.6 2.8 2006
7.0 7.4 8.1 7.3 7.2 5.0 3.9 1.7 0.5 2007
7.5 7.9 8.6 7.9 7.9 6.3 5.8 4.9 5.9 11.6 2008
1926
6.5 6.8 7.3 6.6 6.4 4.8 4.1 3.0 3.1 4.4 -2.4 2009
6.9 7.2 7.7 7.1 7.0 5.7 5.3 4.6 5.1 6.7 4.3 11.4 2010
6.9 7.1 7.6 7.0 6.9 5.8 5.4 4.9 5.3 6.6 5.0 8.8 6.3 2011
7.3 7.6 8.1 7.6 7.6 6.6 6.4 6.1 6.7 8.0 7.1 10.4 9.9 13.6 2012
7.3 7.6 8.0 7.6 7.5 6.7 6.5 6.2 6.7 7.8 7.0 9.5 8.9 10.2 7.0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$10,000
$1,000
$100
$10
$2.89
$1
$0
1998
2012
Data provided by Barclays Bank PLC.
ONE-MONTH
CERTIFICATES OF DEPOSIT
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
42
1966
5.5 1967
1966–2012: Total Returns (%)
5.2 5.0 1968
5.5 5.4 5.9 1969
GROWTH OF $1
6.0 6.2 6.8 7.8 1970
$100,000
6.4 6.7 7.3 8.0 8.1 1971
6.2 6.4 6.7 7.0 6.6 5.1 1972
$10,000
6.0 6.0 6.3 6.4 5.9 4.8 4.5 1973
6.3 6.4 6.6 6.8 6.5 6.0 6.4 8.3 1974
$1,000
6.8 6.9 7.2 7.4 7.4 7.2 7.9 9.7 11.0 1975
6.8 6.9 7.2 7.3 7.3 7.1 7.6 8.7 8.8 6.7 1976
$100
$16
6.6 6.8 7.0 7.1 7.0 6.8 7.2 7.8 7.7 6.1 5.4 1977
$10
6.6 6.6 6.8 6.9 6.8 6.6 6.9 7.4 7.1 5.9 5.5 5.5 1978
6.7 6.8 6.9 7.0 6.9 6.8 7.0 7.5 7.3 6.4 6.3 6.7 8.0 1979
$1
7.0 7.1 7.3 7.4 7.4 7.3 7.6 8.0 8.0 7.4 7.6 8.3 9.7 11.5 1980
7.4 7.5 7.8 7.9 7.9 7.9 8.2 8.7 8.7 8.4 8.7 9.5 10.9 12.4 13.4 1981
$0
8.0 8.2 8.5 8.7 8.7 8.8 9.2 9.7 9.9 9.7 10.2 11.2 12.7 14.3 15.7 18.1 1982
1966
1926
2012
8.3 8.5 8.8 9.0 9.1 9.1 9.5 10.0 10.2 10.1 10.6 11.5 12.8 14.0 14.9 15.6 13.3 1983
8.4 8.6 8.8 9.0 9.1 9.2 9.5 10.0 10.1 10.1 10.5 11.2 12.2 13.1 13.5 13.5 11.3 9.4 1984
Data provided by the Federal Reserve Statistical Release H.15:
8.5 8.7 8.9 9.1 9.2 9.3 9.6 10.1 10.2 10.1 10.5 11.2 12.0 12.7 13.0 12.9 11.2 10.2 11.0 1985
Selected Interest Rates.
8.5 8.7 8.9 9.1 9.2 9.2 9.5 9.9 10.1 10.0 10.3 10.9 11.6 12.1 12.2 12.0 10.5 9.6 9.7 8.4 1986
8.5 8.6 8.8 9.0 9.0 9.1 9.4 9.7 9.8 9.7 10.0 10.5 11.1 11.4 11.4 11.1 9.8 8.9 8.8 7.7 7.0 1987
8.4 8.5 8.7 8.9 8.9 9.0 9.2 9.5 9.6 9.5 9.8 10.2 10.6 10.9 10.9 10.5 9.3 8.5 8.3 7.5 7.0 6.9 1988
8.4 8.5 8.7 8.8 8.9 8.9 9.1 9.4 9.5 9.4 9.6 10.0 10.4 10.6 10.5 10.2 9.1 8.4 8.2 7.6 7.3 7.4 7.9 1989
8.4 8.6 8.7 8.9 8.9 8.9 9.2 9.4 9.5 9.4 9.6 9.9 10.3 10.5 10.4 10.1 9.2 8.6 8.5 8.0 7.9 8.2 8.8 9.7 1990
8.4 8.6 8.7 8.8 8.9 8.9 9.1 9.4 9.5 9.4 9.5 9.9 10.2 10.4 10.3 10.0 9.1 8.6 8.5 8.1 8.0 8.3 8.7 9.2 8.6 1991
8.3 8.5 8.6 8.7 8.8 8.8 9.0 9.2 9.3 9.2 9.3 9.6 9.9 10.1 10.0 9.6 8.8 8.4 8.2 7.8 7.7 7.9 8.1 8.2 7.5 6.4 1992
8.2 8.3 8.4 8.5 8.6 8.6 8.7 9.0 9.0 8.9 9.0 9.2 9.5 9.6 9.5 9.2 8.4 7.9 7.7 7.3 7.2 7.2 7.3 7.1 6.3 5.1 3.9 1993
8.0 8.1 8.2 8.3 8.3 8.3 8.5 8.7 8.7 8.6 8.7 8.9 9.1 9.2 9.0 8.7 7.9 7.5 7.3 6.9 6.7 6.6 6.6 6.3 5.5 4.5 3.5 3.2 1994
7.9 8.0 8.1 8.2 8.2 8.2 8.3 8.5 8.5 8.4 8.5 8.6 8.8 8.9 8.7 8.4 7.7 7.2 7.0 6.6 6.4 6.3 6.3 6.0 5.3 4.4 3.8 3.8 4.3 1995
7.8 7.9 8.0 8.1 8.1 8.1 8.2 8.4 8.4 8.3 8.3 8.5 8.7 8.7 8.5 8.2 7.5 7.1 6.9 6.6 6.4 6.3 6.2 6.0 5.4 4.8 4.4 4.5 5.2 6.1 1996
7.7 7.8 7.9 8.0 8.0 8.0 8.1 8.3 8.3 8.1 8.2 8.3 8.5 8.5 8.4 8.0 7.4 7.0 6.8 6.5 6.3 6.2 6.2 6.0 5.4 4.9 4.6 4.8 5.3 5.9 5.6 1997
7.7 7.7 7.8 7.9 7.9 7.9 8.0 8.2 8.2 8.0 8.1 8.2 8.4 8.4 8.2 7.9 7.3 6.9 6.7 6.4 6.3 6.2 6.1 5.9 5.5 5.0 4.8 5.0 5.4 5.8 5.7 5.7 1998
7.6 7.7 7.8 7.8 7.8 7.8 7.9 8.1 8.1 7.9 8.0 8.1 8.2 8.2 8.1 7.8 7.2 6.8 6.7 6.4 6.2 6.2 6.1 5.9 5.5 5.1 4.9 5.1 5.5 5.8 5.7 5.7 5.7 1999
7.5 7.6 7.7 7.8 7.8 7.7 7.8 8.0 7.9 7.8 7.9 8.0 8.1 8.1 7.9 7.7 7.1 6.8 6.6 6.3 6.2 6.1 6.0 5.9 5.5 5.1 5.0 5.1 5.5 5.7 5.6 5.6 5.5 5.3 2000
7.5 7.6 7.7 7.7 7.7 7.7 7.8 7.9 7.9 7.8 7.8 7.9 8.0 8.0 7.9 7.6 7.1 6.7 6.6 6.3 6.2 6.1 6.1 5.9 5.6 5.3 5.2 5.3 5.6 5.9 5.8 5.9 5.9 6.0 6.6 2001
7.4 7.5 7.6 7.6 7.6 7.6 7.7 7.8 7.8 7.7 7.7 7.8 7.9 7.9 7.7 7.4 6.9 6.6 6.5 6.2 6.1 6.0 5.9 5.8 5.5 5.2 5.1 5.2 5.5 5.6 5.6 5.6 5.5 5.4 5.5 4.4 2002
7.3 7.3 7.4 7.4 7.4 7.4 7.5 7.6 7.6 7.4 7.5 7.5 7.6 7.6 7.4 7.2 6.7 6.4 6.2 6.0 5.8 5.7 5.7 5.5 5.2 4.9 4.8 4.9 5.1 5.2 5.0 4.9 4.8 4.5 4.2 3.1 1.8
7.1 7.2 7.2 7.3 7.2 7.2 7.3 7.4 7.3 7.2 7.2 7.3 7.4 7.3 7.2 6.9 6.4 6.1 6.0 5.7 5.6 5.5 5.4 5.2 4.9 4.6 4.5 4.5 4.7 4.7 4.5 4.4 4.2 3.8 3.5 2.4 1.5
7.0 7.0 7.1 7.1 7.1 7.0 7.1 7.2 7.1 7.0 7.0 7.1 7.1 7.1 6.9 6.7 6.2 5.9 5.7 5.5 5.3 5.2 5.1 5.0 4.7 4.4 4.2 4.3 4.4 4.4 4.2 4.0 3.8 3.4 3.0 2.2 1.5
6.9 6.9 7.0 7.0 7.0 6.9 7.0 7.1 7.0 6.9 6.9 7.0 7.0 7.0 6.8 6.5 6.1 5.8 5.6 5.4 5.2 5.1 5.0 4.9 4.6 4.3 4.2 4.2 4.3 4.3 4.1 3.9 3.7 3.4 3.1 2.4 1.9
6.8 6.9 6.9 6.9 6.9 6.9 6.9 7.0 7.0 6.8 6.8 6.9 6.9 6.9 6.7 6.5 6.0 5.8 5.6 5.4 5.2 5.1 5.0 4.9 4.6 4.4 4.2 4.3 4.3 4.3 4.2 4.0 3.9 3.6 3.4 2.8 2.5
6.8 6.8 6.9 6.9 6.9 6.8 6.9 7.0 6.9 6.8 6.8 6.8 6.9 6.9 6.7 6.4 6.0 5.7 5.6 5.4 5.2 5.2 5.1 4.9 4.7 4.4 4.3 4.3 4.4 4.4 4.3 4.2 4.0 3.8 3.6 3.2 3.0
6.7 6.7 6.8 6.8 6.8 6.7 6.8 6.8 6.8 6.7 6.7 6.7 6.8 6.7 6.6 6.3 5.9 5.6 5.5 5.3 5.1 5.1 5.0 4.8 4.6 4.4 4.2 4.3 4.3 4.3 4.2 4.1 3.9 3.7 3.6 3.2 3.0
6.6 6.6 6.6 6.6 6.6 6.6 6.6 6.7 6.6 6.5 6.5 6.5 6.6 6.5 6.4 6.1 5.7 5.4 5.3 5.1 4.9 4.9 4.8 4.6 4.4 4.1 4.0 4.0 4.1 4.1 3.9 3.8 3.6 3.4 3.3 2.9 2.7
6.4 6.4 6.5 6.5 6.5 6.4 6.4 6.5 6.4 6.3 6.3 6.3 6.4 6.3 6.2 5.9 5.5 5.3 5.1 4.9 4.7 4.7 4.6 4.4 4.2 3.9 3.8 3.8 3.9 3.8 3.7 3.5 3.4 3.2 3.0 2.6 2.4
6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.2 6.1 6.2 6.2 6.1 6.0 5.7 5.3 5.1 4.9 4.7 4.6 4.5 4.4 4.2 4.0 3.8 3.6 3.6 3.6 3.6 3.5 3.3 3.1 2.9 2.7 2.4 2.2
6.1 6.2 6.2 6.2 6.2 6.1 6.1 6.2 6.1 6.0 6.0 6.0 6.0 5.9 5.8 5.6 5.2 4.9 4.8 4.5 4.4 4.3 4.2 4.1 3.8 3.6 3.5 3.4 3.5 3.4 3.3 3.1 2.9 2.7 2.5 2.2 2.0
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
D I M E N S I O N A L F U N D A D VI S O R S
1976
15.6
9.2
6.5
5.3
4.8
5.0
8.6
8.6
9.3
10.5
10.9
10.2
10.0
10.4
10.3
10.6
10.4
10.4
9.6
10.1
9.8
9.7
9.7
9.2
9.3
9.3
9.3
9.1
9.0
8.8
8.6
8.6
8.5
8.4
8.3
8.3
8.2
1976
1977
3.0
2.2
2.1
2.3
3.0
7.5
7.6
8.5
9.9
10.5
9.7
9.6
10.0
9.9
10.3
10.1
10.1
9.3
9.8
9.5
9.5
9.4
9.0
9.1
9.1
9.1
8.9
8.7
8.5
8.4
8.3
8.2
8.2
8.1
8.1
8.0
1977
1978
1.4
1.7
2.0
3.0
8.4
8.4
9.3
10.8
11.3
10.4
10.2
10.6
10.4
10.8
10.6
10.5
9.7
10.2
9.8
9.8
9.8
9.2
9.4
9.3
9.4
9.1
9.0
8.7
8.6
8.5
8.4
8.3
8.3
8.3
8.1
1978
1979
1.9
2.3
3.6
10.2
9.8
10.7
12.3
12.6
11.5
11.1
11.4
11.2
11.6
11.3
11.2
10.2
10.7
10.3
10.3
10.2
9.6
9.7
9.7
9.7
9.5
9.3
9.0
8.8
8.8
8.6
8.6
8.5
8.5
8.3
1979
BARCLAYS US
AGGREGATE BOND INDEX
1980
2.7
4.4
13.1
11.9
12.5
14.1
14.3
12.7
12.2
12.4
12.1
12.4
12.0
11.9
10.8
11.3
10.8
10.8
10.6
10.0
10.1
10.0
10.0
9.8
9.6
9.3
9.1
9.0
8.9
8.8
8.7
8.7
8.5
1980
1981
6.2
18.7
15.1
15.1
16.5
16.3
14.3
13.4
13.6
13.1
13.4
12.8
12.6
11.4
11.9
11.3
11.2
11.1
10.4
10.5
10.4
10.4
10.1
9.9
9.6
9.4
9.3
9.1
9.0
8.9
8.9
8.7
1981
1976–2012: Total Returns (%)
1982
32.6
19.9
18.3
19.2
18.4
15.7
14.5
14.5
13.9
14.1
13.5
13.2
11.8
12.3
11.7
11.6
11.4
10.7
10.7
10.6
10.6
10.3
10.0
9.7
9.5
9.4
9.2
9.1
9.0
9.0
8.8
1982
1983
8.4
11.7
15.1
15.1
12.5
11.7
12.1
11.7
12.2
11.7
11.5
10.3
10.9
10.3
10.3
10.2
9.5
9.6
9.6
9.6
9.3
9.1
8.8
8.6
8.5
8.4
8.3
8.3
8.2
8.1
1983
GROWTH OF $1
1984
15.1
18.6
17.5
13.6
12.4
12.8
12.2
12.7
12.1
11.9
10.4
11.1
10.5
10.4
10.3
9.6
9.7
9.6
9.7
9.4
9.1
8.8
8.6
8.5
8.4
8.3
8.2
8.2
8.1
1984
$100,000
1985
22.1
18.7
13.1
11.8
12.3
11.7
12.3
11.7
11.5
10.0
10.7
10.1
10.1
10.0
9.2
9.4
9.3
9.4
9.1
8.8
8.5
8.3
8.3
8.1
8.1
8.0
8.0
7.9
1985
$10,000
1986
15.3 1987
$1,000
8.8 2.7 1988
8.5 5.3 7.9 1989
$100
$18
10.0 8.3 11.2 14.5 1990
9.8 8.4 10.4 11.7 8.9 1991
$10
10.8 9.9 11.8 13.1 12.4 16.0 1992
$1
10.3 9.5 10.9 11.7 10.7 11.6 7.4 1993
10.2 9.5 10.7 11.3 10.5 11.0 8.6 9.8 1994
$0
8.7 7.9 8.6 8.8 7.7 7.3 4.6 3.2 -2.9 1995
1976
1926
2012
9.6 9.0 9.8 10.1 9.4 9.5 7.9 8.1 7.3 18.5 1996
9.1 8.5 9.1 9.3 8.5 8.5 7.0 6.9 6.0 10.8 3.6 1997
Data provided by Barclays Bank PLC.
9.1 8.6 9.2 9.3 8.7 8.7 7.5 7.5 6.9 10.4 6.6 9.7 1998
9.1 8.6 9.1 9.3 8.7 8.7 7.6 7.7 7.3 10.0 7.3 9.2 8.7 1999
8.3 7.8 8.3 8.3 7.7 7.6 6.5 6.4 5.9 7.7 5.2 5.7 3.8 -0.8 2000
8.6 8.1 8.5 8.6 8.0 8.0 7.1 7.1 6.7 8.4 6.5 7.2 6.4 5.2 11.6 2001
8.6 8.1 8.5 8.6 8.1 8.0 7.2 7.2 6.9 8.4 6.8 7.4 6.9 6.3 10.0 8.4 2002
8.7 8.3 8.6 8.7 8.2 8.2 7.5 7.5 7.3 8.6 7.3 7.9 7.5 7.3 10.1 9.3 10.3 2003
8.4 8.0 8.3 8.4 7.9 7.9 7.2 7.2 6.9 8.1 6.9 7.3 7.0 6.6 8.6 7.6 7.1 4.1 2004
8.2 7.8 8.1 8.1 7.7 7.6 7.0 7.0 6.7 7.7 6.6 7.0 6.6 6.2 7.7 6.8 6.2 4.2 4.3 2005
7.9 7.5 7.8 7.8 7.4 7.3 6.7 6.6 6.3 7.2 6.2 6.5 6.1 5.7 6.8 5.9 5.2 3.6 3.4 2.4 2006
7.7 7.3 7.6 7.6 7.2 7.1 6.5 6.4 6.2 7.0 6.0 6.2 5.9 5.5 6.5 5.6 5.1 3.8 3.7 3.4 4.3 2007
7.7 7.3 7.6 7.5 7.2 7.1 6.5 6.5 6.2 7.0 6.1 6.3 6.0 5.7 6.5 5.8 5.4 4.4 4.5 4.6 5.6 7.0 2008
7.6 7.2 7.5 7.4 7.1 7.0 6.5 6.4 6.2 6.9 6.0 6.2 5.9 5.6 6.4 5.7 5.4 4.6 4.7 4.7 5.5 6.1 5.2 2009
7.5 7.2 7.4 7.4 7.0 6.9 6.4 6.4 6.2 6.8 6.0 6.2 5.9 5.7 6.3 5.8 5.4 4.8 4.9 5.0 5.6 6.0 5.6 5.9 2010
7.5 7.1 7.3 7.3 7.0 6.9 6.4 6.4 6.2 6.8 6.0 6.2 6.0 5.7 6.3 5.8 5.6 5.0 5.1 5.2 5.8 6.2 5.9 6.2 6.5 2011
7.5 7.2 7.4 7.3 7.0 6.9 6.5 6.5 6.3 6.8 6.2 6.3 6.1 5.9 6.5 6.0 5.8 5.3 5.4 5.6 6.1 6.5 6.4 6.8 7.2 7.8 2012
7.4 7.1 7.2 7.2 6.9 6.8 6.4 6.3 6.2 6.7 6.0 6.2 6.0 5.8 6.3 5.9 5.6 5.2 5.3 5.4 5.9 6.1 5.9 6.1 6.2 6.0 4.2
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Barclays
Municipal Bond Index
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1980
1980 -8.9 1981
1981 -9.6 -10.2 1982
1982 4.9 12.6 41.3 1983
1980–2012: Total Returns (%)
1983 5.7 11.1 23.6 8.1 1984
1984 6.6 10.9 19.0 9.3 10.5 1985
1985 8.8 12.7 19.3 12.8 15.2 20.0 1986
GROWTH OF $1
1986 10.2 13.8 19.3 14.4 16.5 19.7 19.3 1987
$100,000
1987 9.1 11.9 16.1 11.7 12.6 13.3 10.0 1.5 1988
$10,000
1988 9.2 11.7 15.3 11.4 12.1 12.5 10.1 5.7 10.2 1989
1989 9.4 11.6 14.7 11.3 11.9 12.1 10.3 7.4 10.5 10.8 1990
$1,000
1990 9.2 11.2 13.8 10.8 11.2 11.3 9.7 7.4 9.4 9.0 7.3 1991
1991 9.4 11.3 13.7 11.0 11.3 11.4 10.1 8.3 10.1 10.1 9.7 12.1 1992
$100
1992 9.4 11.1 13.2 10.7 11.0 11.1 9.9 8.4 9.8 9.7 9.4 10.5 8.8 1993
$10
1993 9.7 11.3 13.3 11.1 11.4 11.5 10.5 9.3 10.6 10.7 10.7 11.9 11.7 14.7 1994
$10
1994 8.7 10.1 11.8 9.6 9.8 9.7 8.6 7.3 8.2 7.9 7.3 7.3 5.8 4.3 -5.2 1995
1995 9.2 10.5 12.2 10.2 10.4 10.4 9.5 8.4 9.3 9.2 8.9 9.3 8.6 8.5 5.5 17.4 1996
$1
1996 8.9 10.1 11.7 9.8 9.9 9.9 9.0 8.0 8.8 8.6 8.3 8.5 7.7 7.5 5.2 10.7 4.4 1997
1997 8.9 10.1 11.5 9.8 9.9 9.8 9.0 8.1 8.8 8.7 8.4 8.6 8.0 7.8 6.2 10.2 6.8 9.2 1998
$0
1998 8.8 9.9 11.2 9.5 9.6 9.6 8.8 8.0 8.6 8.4 8.2 8.3 7.8 7.6 6.2 9.3 6.7 7.8 6.5 1999
1926
2012
1980
1999 8.2 9.2 10.4 8.8 8.9 8.8 8.0 7.2 7.7 7.4 7.1 7.1 6.5 6.1 4.8 6.9 4.4 4.4 2.1 -2.1 2000
Data provided by Barclays Bank PLC.
2000 8.4 9.3 10.5 9.0 9.0 8.9 8.2 7.5 8.0 7.8 7.5 7.5 7.0 6.8 5.7 7.7 5.8 6.2 5.2 4.6 11.7 2001
2001 8.2 9.1 10.2 8.8 8.8 8.7 8.0 7.3 7.8 7.6 7.3 7.3 6.9 6.6 5.7 7.3 5.7 6.0 5.2 4.8 8.4 5.1 2002
2002 8.3 9.2 10.2 8.8 8.9 8.8 8.1 7.5 7.9 7.7 7.5 7.5 7.1 6.9 6.1 7.6 6.3 6.6 6.1 6.0 8.8 7.3 9.6 2003
2003 8.2 9.0 10.0 8.7 8.7 8.6 8.0 7.3 7.7 7.6 7.3 7.3 7.0 6.8 6.0 7.3 6.2 6.4 5.9 5.8 7.9 6.7 7.4 5.3 2004
2004 8.0 8.8 9.7 8.5 8.5 8.4 7.8 7.2 7.5 7.4 7.1 7.1 6.8 6.6 5.9 7.1 6.0 6.2 5.7 5.6 7.2 6.1 6.4 4.9 4.5 2005
2005 7.8 8.6 9.4 8.2 8.2 8.1 7.6 7.0 7.3 7.1 6.9 6.9 6.5 6.3 5.7 6.7 5.7 5.9 5.4 5.3 6.6 5.6 5.7 4.4 4.0 3.5 2006
2006 7.7 8.4 9.3 8.1 8.1 8.0 7.4 6.9 7.2 7.0 6.8 6.8 6.4 6.2 5.6 6.6 5.6 5.8 5.4 5.2 6.3 5.5 5.5 4.5 4.3 4.2 4.8 2007
2007 7.6 8.2 9.0 7.9 7.9 7.8 7.3 6.7 7.0 6.8 6.6 6.6 6.2 6.0 5.5 6.3 5.4 5.5 5.2 5.0 6.0 5.2 5.2 4.3 4.0 3.9 4.1 3.4 2008
2008 7.2 7.8 8.6 7.5 7.5 7.3 6.8 6.3 6.5 6.3 6.1 6.0 5.7 5.5 4.9 5.7 4.8 4.8 4.5 4.3 5.0 4.2 4.0 3.1 2.7 2.3 1.9 0.4 -2.5 2009
2009 7.4 8.0 8.7 7.7 7.7 7.6 7.1 6.6 6.8 6.6 6.4 6.4 6.1 5.9 5.4 6.1 5.4 5.4 5.1 5.0 5.8 5.1 5.1 4.5 4.3 4.3 4.5 4.4 4.9 12.9 2010
2010 7.2 7.8 8.5 7.5 7.5 7.3 6.9 6.4 6.6 6.4 6.2 6.2 5.9 5.7 5.2 5.9 5.2 5.2 4.9 4.8 5.4 4.8 4.8 4.2 4.1 4.0 4.1 3.9 4.1 7.5 2.4 2011
2011 7.3 7.9 8.6 7.6 7.6 7.5 7.0 6.5 6.8 6.6 6.4 6.4 6.1 6.0 5.5 6.2 5.5 5.6 5.3 5.2 5.9 5.4 5.4 4.9 4.9 4.9 5.2 5.2 5.7 8.6 6.5 10.7 2012
2012 7.3 7.9 8.5 7.6 7.5 7.4 7.0 6.6 6.8 6.6 6.4 6.4 6.1 6.0 5.6 6.2 5.6 5.7 5.4 5.3 5.9 5.5 5.5 5.1 5.1 5.2 5.4 5.5 5.9 8.1 6.6 8.7 6.8
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2003
1.2 2004
1.3 1.4 2005
1.9 2.3 3.3 2006
2.7 3.3 4.2 5.1 2007
3.3 3.8 4.6 5.3 5.5 2008
3.2 3.7 4.2 4.6 4.3 3.1 2009
2.8 3.1 3.5 3.5 3.0 1.8 0.4 2010
2.5 2.7 2.9 2.9 2.3 1.3 0.3 0.2 2011
2.3 2.4 2.5 2.4 1.9 1.0 0.3 0.2 0.2 2012
2.0 2.1 2.2 2.1 1.6 0.8 0.3 0.2 0.2 0.2
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
43

24. 1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1975
14.8
14.9
11.5
8.9
7.8
7.4
7.7
10.3
10.4
10.8
11.5
11.7
11.1
10.9
11.0
10.8
11.2
11.0
11.0
10.2
10.6
10.3
10.2
10.2
9.7
9.7
9.7
9.7
9.7
9.5
9.2
9.1
9.0
8.5
8.8
8.8
8.7
8.7
1975
1976
15.0
9.8
7.1
6.1
6.0
6.5
9.6
9.8
10.4
11.2
11.4
10.8
10.6
10.7
10.5
10.9
10.8
10.8
10.0
10.4
10.1
10.0
10.0
9.5
9.5
9.5
9.5
9.5
9.3
9.0
8.9
8.8
8.4
8.6
8.6
8.5
8.5
1976
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
44
1974
0.8
7.6
10.0
8.7
7.3
6.6
6.5
6.8
9.2
9.4
9.9
10.6
10.8
10.3
10.2
10.3
10.2
10.6
10.4
10.4
9.8
10.2
9.9
9.8
9.8
9.4
9.4
9.4
9.4
9.3
9.2
8.9
8.8
8.7
8.3
8.6
8.6
8.5
8.5
1974
1974
6.8
8.1
9.5
8.0
6.8
6.7
6.7
7.2
9.1
9.1
9.6
10.3
10.5
10.0
9.8
10.0
9.9
10.2
10.0
10.0
9.4
9.7
9.4
9.3
9.3
9.0
9.0
9.0
9.0
8.9
8.7
8.5
8.3
8.3
8.2
8.2
8.1
8.1
8.0
1974
1975
9.4
10.9
8.4
6.8
6.7
6.7
7.3
9.4
9.4
9.9
10.6
10.8
10.2
10.0
10.2
10.1
10.4
10.2
10.2
9.5
9.8
9.5
9.5
9.4
9.0
9.1
9.1
9.1
9.0
8.8
8.5
8.4
8.4
8.2
8.2
8.2
8.1
8.0
1975
1976
12.5
7.9
6.0
6.1
6.2
6.9
9.4
9.4
9.9
10.7
10.9
10.3
10.1
10.2
10.2
10.5
10.3
10.2
9.5
9.8
9.5
9.5
9.4
9.0
9.1
9.1
9.1
9.0
8.8
8.5
8.4
8.3
8.2
8.2
8.1
8.1
8.0
1976
1977
5.0
3.3
3.3
3.9
4.9
8.8
9.1
9.8
10.8
11.0
10.4
10.2
10.4
10.2
10.7
10.5
10.5
9.7
10.2
9.9
9.8
9.7
9.3
9.3
9.3
9.3
9.3
9.1
8.8
8.7
8.6
8.2
8.5
8.4
8.4
8.4
1977
1977
3.5
2.9
4.0
4.6
5.8
8.9
8.9
9.6
10.5
10.8
10.1
9.8
10.1
10.0
10.3
10.1
10.1
9.4
9.7
9.4
9.3
9.3
8.9
8.9
8.9
9.0
8.8
8.6
8.4
8.2
8.2
8.1
8.1
8.0
8.0
7.9
1977
Dimensional US Intermediate
Variable Credit Index
1978
1.7
2.5
3.6
4.9
9.6
9.8
10.5
11.5
11.7
11.0
10.7
10.9
10.7
11.1
10.9
10.9
10.0
10.5
10.1
10.0
10.0
9.5
9.5
9.5
9.5
9.4
9.3
9.0
8.8
8.7
8.3
8.6
8.6
8.5
8.5
1978
1978
2.2
4.2
5.0
6.4
10.1
9.8
10.5
11.4
11.6
10.8
10.4
10.6
10.5
10.8
10.6
10.5
9.7
10.0
9.7
9.6
9.6
9.1
9.2
9.2
9.2
9.0
8.8
8.6
8.4
8.4
8.2
8.2
8.2
8.1
8.0
1978
1979
3.4
4.5
6.0
11.6
11.5
12.1
13.0
13.1
12.0
11.6
11.8
11.4
11.8
11.6
11.5
10.6
11.0
10.6
10.5
10.4
9.9
9.9
9.9
9.9
9.8
9.6
9.2
9.1
9.0
8.5
8.8
8.8
8.7
8.7
1979
1974–2012: Total Returns (%)
1980
5.6
7.3
14.5
13.6
13.9
14.7
14.5
13.2
12.6
12.6
12.2
12.6
12.2
12.1
11.1
11.5
11.1
10.9
10.8
10.2
10.2
10.2
10.1
10.0
9.8
9.5
9.3
9.2
8.7
9.0
9.0
8.8
8.8
1980
1981
9.0
19.2
16.4
16.1
16.6
16.1
14.3
13.5
13.4
12.9
13.2
12.8
12.6
11.5
11.9
11.4
11.2
11.1
10.5
10.4
10.4
10.4
10.2
10.0
9.6
9.4
9.3
8.8
9.1
9.1
9.0
8.9
1981
GROWTH OF $1
1982
30.4
20.3
18.5
18.6
17.5
15.2
14.1
14.0
13.3
13.7
13.1
13.0
11.7
12.2
11.6
11.4
11.2
10.6
10.5
10.5
10.4
10.3
10.0
9.7
9.4
9.3
8.8
9.1
9.1
8.9
8.9
1982
$100,000
1983
11.0
13.0
14.9
14.5
12.4
11.6
11.8
11.3
11.9
11.5
11.5
10.2
10.9
10.3
10.2
10.1
9.5
9.5
9.5
9.5
9.4
9.2
8.8
8.6
8.5
8.0
8.4
8.4
8.3
8.3
1983
1984
15.1
16.9
15.7
12.7
11.8
12.0
11.4
12.1
11.6
11.5
10.2
10.9
10.3
10.1
10.0
9.4
9.4
9.4
9.4
9.3
9.1
8.7
8.5
8.4
7.9
8.3
8.3
8.2
8.2
1984
$10,000
1985
18.6
16.1
12.0
11.0
11.4
10.8
11.6
11.2
11.1
9.7
10.5
9.9
9.8
9.7
9.0
9.1
9.1
9.1
9.0
8.8
8.4
8.3
8.1
7.6
8.0
8.0
7.9
8.0
1985
$1,000
1986
13.6 1987
$100
$24
8.8 4.2 1988
$10
8.5 6.1 8.0 1989
9.6 8.4 10.5 13.0 1990
$1
9.3 8.2 9.6 10.4 7.9 1991
10.5 9.9 11.4 12.5 12.2 16.8 1992
$0
10.2 9.6 10.7 11.4 10.9 12.4 8.1 1993
1974
1926
2012
10.3 9.8 10.7 11.3 10.9 11.9 9.5 10.9 1994
8.7 8.1 8.7 8.8 8.0 8.0 5.3 3.8 -2.8 1995
Index data compiled by Dimensional.
9.7 9.3 9.9 10.2 9.7 10.1 8.5 8.6 7.5 18.8 1996
9.1 8.7 9.2 9.4 8.9 9.0 7.5 7.4 6.2 11.0 3.8 1997
9.1 8.7 9.1 9.3 8.8 8.9 7.7 7.6 6.7 10.1 6.0 8.3 1998
9.0 8.7 9.1 9.2 8.8 8.9 7.8 7.7 7.1 9.7 6.9 8.5 8.7 1999
8.4 8.0 8.3 8.3 7.9 7.9 6.8 6.6 5.9 7.8 5.2 5.6 4.3 0.2 2000
8.4 8.1 8.4 8.4 8.0 8.0 7.1 7.0 6.4 8.0 6.0 6.6 6.0 4.7 9.3 2001
8.5 8.2 8.5 8.5 8.2 8.2 7.4 7.3 6.8 8.3 6.6 7.2 6.9 6.3 9.5 9.7 2002
8.6 8.3 8.6 8.6 8.3 8.3 7.6 7.5 7.1 8.4 7.0 7.6 7.4 7.2 9.6 9.7 9.7 2003
8.5 8.2 8.5 8.5 8.2 8.3 7.6 7.5 7.2 8.4 7.1 7.6 7.5 7.2 9.1 9.0 8.7 7.6 2004
8.3 8.0 8.3 8.3 8.0 8.0 7.3 7.2 6.9 7.9 6.8 7.2 7.0 6.8 8.1 7.8 7.2 6.0 4.3 2005
8.0 7.7 7.9 7.9 7.5 7.5 6.9 6.8 6.5 7.3 6.3 6.5 6.3 6.0 7.0 6.5 5.7 4.4 2.9 1.5 2006
7.8 7.5 7.7 7.7 7.4 7.3 6.7 6.6 6.3 7.1 6.1 6.3 6.1 5.8 6.6 6.2 5.5 4.4 3.4 3.0 4.4 2007
7.7 7.4 7.6 7.6 7.3 7.2 6.7 6.6 6.3 7.0 6.1 6.3 6.1 5.8 6.5 6.1 5.5 4.7 4.0 3.9 5.1 5.7 2008
7.2 6.9 7.0 6.9 6.6 6.6 6.0 5.9 5.5 6.2 5.2 5.4 5.1 4.8 5.3 4.8 4.1 3.2 2.3 1.8 1.9 0.7 -4.1 2009
7.6 7.3 7.5 7.5 7.2 7.2 6.6 6.6 6.3 6.9 6.1 6.3 6.1 5.9 6.5 6.2 5.8 5.2 4.8 4.9 5.8 6.2 6.5 18.3 2010
7.6 7.4 7.5 7.5 7.2 7.2 6.7 6.6 6.4 7.0 6.3 6.4 6.3 6.1 6.7 6.4 6.0 5.6 5.3 5.4 6.3 6.7 7.1 13.1 8.2 2011
7.5 7.3 7.4 7.4 7.2 7.1 6.7 6.6 6.4 6.9 6.2 6.4 6.2 6.1 6.6 6.3 6.0 5.6 5.3 5.5 6.2 6.5 6.7 10.6 6.9 5.6 2012
7.6 7.4 7.5 7.5 7.2 7.2 6.8 6.7 6.5 7.0 6.4 6.5 6.4 6.3 6.7 6.5 6.2 5.9 5.7 5.9 6.5 6.9 7.1 10.1 7.5 7.2 8.8
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Dimensional US Intermediate Variable
Government/Credit Index
1979
6.3
6.4
7.8
12.1
11.4
11.9
12.8
12.8
11.8
11.3
11.4
11.2
11.5
11.2
11.1
10.2
10.5
10.1
10.0
9.9
9.5
9.5
9.5
9.5
9.3
9.1
8.8
8.6
8.6
8.4
8.4
8.3
8.3
8.2
1979
1974–2012: Total Returns (%)
1980
6.6
8.6
14.1
12.7
13.1
13.9
13.8
12.5
11.9
12.0
11.7
12.0
11.6
11.4
10.5
10.8
10.4
10.2
10.1
9.6
9.6
9.6
9.6
9.4
9.2
8.9
8.7
8.7
8.5
8.5
8.4
8.3
8.2
1980
1981
10.7
18.1
14.9
14.8
15.4
15.1
13.4
12.6
12.6
12.2
12.5
12.0
11.8
10.7
11.1
10.6
10.4
10.3
9.8
9.8
9.8
9.8
9.6
9.3
9.0
8.8
8.7
8.6
8.5
8.5
8.4
8.3
1981
GROWTH OF $1
1982
26.0
17.1
16.2
16.7
16.0
13.8
12.8
12.8
12.4
12.6
12.2
11.9
10.8
11.1
10.6
10.4
10.3
9.7
9.8
9.7
9.7
9.5
9.2
8.9
8.7
8.7
8.5
8.5
8.4
8.3
8.2
1982
$100,000
1983
8.7
11.5
13.7
13.6
11.5
10.8
11.0
10.8
11.3
10.8
10.7
9.6
10.0
9.6
9.5
9.4
8.8
8.9
8.9
9.0
8.8
8.5
8.2
8.1
8.0
7.9
7.9
7.8
7.8
7.7
1983
1984
14.4
16.2
15.2
12.3
11.2
11.4
11.1
11.6
11.1
10.9
9.6
10.1
9.6
9.5
9.4
8.9
8.9
8.9
9.0
8.8
8.5
8.2
8.0
8.0
7.8
7.8
7.8
7.7
7.6
1984
$10,000
1985
18.1
15.6
11.5
10.4
10.9
10.6
11.2
10.7
10.5
9.2
9.7
9.3
9.1
9.1
8.5
8.6
8.6
8.7
8.5
8.2
7.9
7.7
7.7
7.6
7.6
7.5
7.5
7.4
1985
$1,000
1986
13.2 1987
$100
8.4 3.8 1988
$20
7.9 5.4 6.9 1989
$10
9.1 7.8 9.8 12.8 1990
9.1 8.1 9.6 10.9 9.1 1991
$1
10.1 9.4 10.9 12.2 12.0 14.9 1992
9.7 9.1 10.2 11.0 10.4 11.0 7.3 1993
$0
9.6 9.1 10.0 10.6 10.1 10.4 8.2 9.1 1994
1974
1926
2012
8.2 7.6 8.2 8.4 7.5 7.1 4.7 3.4 -2.1 1995
Index data compiled by Dimensional.
8.9 8.5 9.1 9.4 8.8 8.8 7.3 7.3 6.4 15.5 1996
8.5 8.0 8.5 8.7 8.1 7.9 6.6 6.4 5.6 9.6 4.0 1997
8.4 8.0 8.4 8.6 8.1 7.9 6.8 6.7 6.1 9.0 5.9 7.8 1998
8.4 8.0 8.4 8.6 8.1 8.0 7.1 7.0 6.6 8.9 6.8 8.2 8.5 1999
7.8 7.4 7.7 7.8 7.3 7.1 6.2 6.1 5.5 7.1 5.1 5.5 4.4 0.4 2000
8.0 7.6 7.9 8.0 7.6 7.4 6.6 6.5 6.2 7.6 6.1 6.6 6.2 5.1 10.0 2001
8.0 7.7 8.0 8.1 7.7 7.6 6.9 6.8 6.5 7.8 6.6 7.1 6.9 6.4 9.5 9.0 2002
8.1 7.8 8.1 8.2 7.8 7.7 7.1 7.1 6.9 8.0 7.0 7.5 7.5 7.2 9.6 9.3 9.7 2003
8.0 7.7 7.9 8.0 7.7 7.6 7.0 7.0 6.7 7.8 6.8 7.2 7.1 6.9 8.5 8.1 7.6 5.5 2004
7.8 7.5 7.7 7.7 7.4 7.3 6.7 6.7 6.4 7.3 6.4 6.8 6.6 6.3 7.5 6.9 6.2 4.5 3.4 2005
7.4 7.1 7.3 7.3 7.0 6.9 6.3 6.3 6.0 6.8 5.9 6.2 6.0 5.6 6.5 5.8 5.0 3.5 2.5 1.6 2006
7.3 7.0 7.2 7.2 6.8 6.7 6.2 6.1 5.9 6.6 5.8 6.0 5.7 5.4 6.1 5.5 4.8 3.6 3.0 2.8 4.0 2007
7.3 7.0 7.2 7.2 6.9 6.7 6.3 6.2 6.0 6.6 5.9 6.1 5.9 5.6 6.3 5.8 5.3 4.4 4.1 4.4 5.8 7.5 2008
7.1 6.9 7.0 7.0 6.7 6.6 6.1 6.0 5.8 6.4 5.8 5.9 5.7 5.4 6.0 5.5 5.0 4.3 4.0 4.2 5.1 5.6 3.7 2009
7.2 6.9 7.1 7.1 6.8 6.7 6.2 6.2 6.0 6.5 5.9 6.1 5.9 5.7 6.2 5.8 5.4 4.8 4.7 5.0 5.8 6.4 5.9 8.1 2010
7.1 6.9 7.0 7.0 6.8 6.6 6.2 6.2 6.0 6.5 6.0 6.1 6.0 5.8 6.3 5.9 5.5 5.0 5.0 5.2 6.0 6.5 6.1 7.3 6.5 2011
7.1 6.8 7.0 7.0 6.7 6.6 6.2 6.2 6.0 6.5 5.9 6.1 6.0 5.8 6.2 5.9 5.6 5.1 5.1 5.3 5.9 6.3 6.0 6.8 6.2 5.8 2012
7.0 6.8 6.9 6.9 6.7 6.6 6.2 6.1 6.0 6.4 5.9 6.0 5.9 5.7 6.2 5.8 5.6 5.1 5.1 5.3 5.9 6.2 5.9 6.4 5.9 5.6 5.4
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
D I M E N S I O N A L F U N D A D VI S O R S
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1977
3.3
2.9
4.2
5.0
6.3
9.3
9.2
9.8
10.7
10.9
10.3
10.0
10.3
10.2
10.5
10.3
10.2
9.5
9.8
9.5
9.4
9.4
9.0
9.0
9.0
9.0
8.9
8.6
8.4
8.3
8.2
8.1
8.0
8.0
7.9
7.8
1977
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1985
21.2 1986
17.4 13.8 1987
12.6 8.5 3.4 1988
11.1 7.9 5.0 6.6 1989
10.1 7.5 5.5 6.6 6.5 1990
9.9 7.8 6.4 7.4 7.7 9.0 1991
10.8 9.2 8.3 9.5 10.5 12.6 16.3 1992
10.4 9.0 8.2 9.2 9.8 11.0 12.0 7.9 1993
10.7 9.4 8.8 9.7 10.4 11.4 12.2 10.2 12.5 1994
9.3 8.0 7.3 7.9 8.1 8.4 8.3 5.8 4.7 -2.6 1995
10.2 9.1 8.6 9.3 9.7 10.2 10.5 9.1 9.5 8.0 19.7 1996
10.3 9.4 8.9 9.5 9.9 10.4 10.6 9.6 10.0 9.1 15.5 11.5 1997
10.3 9.5 9.1 9.7 10.0 10.4 10.7 9.8 10.1 9.5 13.9 11.1 10.7 1998
10.4 9.6 9.2 9.8 10.1 10.5 10.7 9.9 10.2 9.8 13.1 11.0 10.7 10.8 1999
10.0 9.2 8.9 9.4 9.6 9.9 10.0 9.3 9.5 9.0 11.4 9.5 8.8 7.9 5.0 2000
10.0 9.3 8.9 9.4 9.6 9.9 10.0 9.3 9.5 9.1 11.1 9.5 9.0 8.5 7.3 9.7 2001
9.9 9.2 8.9 9.3 9.5 9.7 9.8 9.2 9.3 8.9 10.7 9.3 8.8 8.3 7.6 8.8 8.0 2002
9.9 9.2 9.0 9.3 9.5 9.8 9.8 9.3 9.4 9.1 10.6 9.4 9.0 8.7 8.2 9.2 9.0 10.0 2003
9.5 8.9 8.6 8.9 9.1 9.3 9.3 8.7 8.8 8.4 9.7 8.5 8.1 7.7 7.1 7.6 7.0 6.4 3.0 2004
1926
9.3 8.7 8.4 8.7 8.8 9.0 9.0 8.5 8.5 8.2 9.3 8.2 7.8 7.4 6.8 7.2 6.6 6.1 4.2 5.4 2005
9.1 8.5 8.2 8.5 8.6 8.7 8.7 8.2 8.2 7.8 8.8 7.8 7.4 7.0 6.5 6.7 6.1 5.7 4.3 4.9 4.4 2006
8.8 8.3 8.0 8.3 8.4 8.5 8.4 7.9 7.9 7.6 8.5 7.5 7.1 6.7 6.2 6.4 5.9 5.5 4.4 4.8 4.5 4.6 2007
8.9 8.3 8.1 8.3 8.4 8.5 8.5 8.0 8.0 7.7 8.5 7.6 7.3 7.0 6.5 6.7 6.3 6.0 5.3 5.9 6.0 6.8 9.0 2008
9.0 8.5 8.3 8.5 8.6 8.7 8.7 8.3 8.3 8.0 8.8 8.0 7.8 7.5 7.2 7.4 7.1 7.0 6.5 7.2 7.7 8.8 10.9 12.9 2009
8.7 8.2 7.9 8.2 8.2 8.3 8.3 7.9 7.9 7.6 8.3 7.5 7.2 6.9 6.6 6.7 6.4 6.2 5.7 6.1 6.3 6.7 7.5 6.7 0.9 2010
8.6 8.1 7.9 8.1 8.1 8.2 8.2 7.8 7.8 7.5 8.1 7.4 7.1 6.9 6.5 6.7 6.4 6.2 5.7 6.1 6.3 6.6 7.1 6.5 3.5 6.2 2011
8.6 8.1 7.9 8.1 8.2 8.2 8.2 7.8 7.8 7.5 8.2 7.5 7.2 7.0 6.7 6.8 6.6 6.4 6.1 6.4 6.6 7.0 7.4 7.0 5.2 7.4 8.6 2012
8.5 8.0 7.8 8.0 8.0 8.1 8.1 7.7 7.7 7.4 8.0 7.4 7.1 6.9 6.6 6.7 6.5 6.3 6.0 6.3 6.4 6.7 7.1 6.7 5.2 6.7 6.9 5.2
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
1978
2.5
4.6
5.5
7.0
10.5
10.2
10.8
11.7
11.8
11.0
10.6
10.9
10.8
11.0
10.8
10.6
9.9
10.2
9.8
9.7
9.7
9.2
9.3
9.3
9.3
9.1
8.9
8.6
8.4
8.4
8.3
8.2
8.1
8.1
7.9
1978
1979
6.9
7.1
8.6
12.6
11.8
12.2
13.0
13.1
12.0
11.5
11.7
11.5
11.7
11.4
11.2
10.3
10.6
10.3
10.1
10.0
9.6
9.6
9.6
9.6
9.4
9.1
8.8
8.7
8.6
8.5
8.4
8.3
8.2
8.1
1979
1980
7.3
9.4
14.6
13.1
13.3
14.1
14.0
12.6
12.0
12.1
11.9
12.1
11.7
11.5
10.6
10.9
10.5
10.3
10.2
9.7
9.7
9.7
9.7
9.5
9.2
8.9
8.7
8.7
8.6
8.4
8.4
8.3
8.1
1980
Dimensional US Intermediate Variable
Maturity Government/Credit Index
1981
11.7
18.4
15.1
14.9
15.5
15.1
13.4
12.6
12.7
12.4
12.6
12.1
11.9
10.8
11.1
10.7
10.5
10.4
9.8
9.8
9.8
9.8
9.6
9.3
9.0
8.8
8.7
8.6
8.5
8.4
8.3
8.2
1981
1982
25.6
16.8
16.0
16.5
15.8
13.7
12.7
12.8
12.5
12.7
12.2
11.9
10.7
11.1
10.6
10.4
10.3
9.7
9.7
9.7
9.7
9.5
9.2
8.8
8.7
8.6
8.5
8.4
8.3
8.2
8.1
1982
1977–2012: Total Returns (%)
1983
8.6
11.5
13.6
13.5
11.5
10.7
11.1
10.9
11.3
10.9
10.7
9.6
10.0
9.6
9.5
9.4
8.9
8.9
8.9
9.0
8.7
8.5
8.2
8.0
8.0
7.9
7.8
7.7
7.6
7.5
1983
1984
14.4
16.2
15.2
12.2
11.1
11.5
11.2
11.7
11.2
10.9
9.7
10.1
9.7
9.5
9.5
8.9
8.9
8.9
9.0
8.8
8.5
8.1
8.0
8.0
7.8
7.7
7.7
7.6
7.5
1984
GROWTH OF $1
1985
18.1
15.6
11.5
10.3
11.0
10.7
11.3
10.8
10.5
9.2
9.8
9.3
9.2
9.1
8.5
8.6
8.6
8.7
8.5
8.2
7.9
7.7
7.7
7.6
7.5
7.4
7.4
7.2
1985
$100,000
1986
$10,000
13.1 1987
8.3 3.7 1988
$1,000
7.9 5.4 7.1 1989
9.3 8.0 10.2 13.5 1990
$100
9.3 8.4 10.0 11.5 9.6 1991
$15
10.2 9.6 11.2 12.5 12.1 14.6 1992
$10
9.8 9.2 10.3 11.2 10.4 10.8 7.2 1993
9.6 9.1 10.1 10.7 10.0 10.1 8.0 8.8 1994
$1
8.3 7.7 8.3 8.5 7.5 7.0 4.6 3.3 -1.9 1995
$0
9.0 8.5 9.1 9.4 8.8 8.6 7.2 7.2 6.4 15.3 1996
1977
8.5 8.1 8.6 8.7 8.1 7.8 6.5 6.4 5.6 9.5 4.0 1997
1926
2012
8.5 8.0 8.5 8.6 8.1 7.8 6.8 6.7 6.1 9.0 5.9 7.9 1998
Index data compiled by Dimensional.
8.5 8.1 8.5 8.6 8.1 7.9 7.0 7.0 6.6 8.8 6.8 8.2 8.4 1999
7.9 7.5 7.8 7.9 7.3 7.1 6.1 6.0 5.5 7.1 5.1 5.5 4.3 0.4 2000
8.0 7.7 8.0 8.0 7.6 7.4 6.6 6.5 6.2 7.6 6.1 6.6 6.2 5.1 10.1 2001
8.1 7.7 8.0 8.1 7.7 7.5 6.8 6.8 6.5 7.8 6.6 7.1 6.9 6.4 9.5 9.0 2002
8.2 7.9 8.2 8.2 7.8 7.7 7.1 7.1 6.9 8.0 7.0 7.5 7.5 7.2 9.6 9.4 9.8 2003
8.0 7.7 7.9 8.0 7.6 7.4 6.9 6.8 6.6 7.6 6.7 7.1 6.9 6.7 8.3 7.7 7.0 4.3 2004
7.7 7.4 7.6 7.7 7.3 7.1 6.6 6.5 6.3 7.2 6.3 6.6 6.4 6.0 7.2 6.5 5.7 3.7 3.0 2005
7.4 7.1 7.3 7.3 6.9 6.7 6.2 6.1 5.9 6.6 5.8 6.0 5.8 5.4 6.3 5.5 4.6 3.0 2.3 1.6 2006
7.2 6.9 7.1 7.1 6.8 6.6 6.1 6.0 5.8 6.4 5.7 5.8 5.6 5.3 6.0 5.3 4.6 3.3 3.0 3.0 4.4 2007
7.2 7.0 7.1 7.1 6.8 6.6 6.2 6.1 5.9 6.5 5.8 6.0 5.8 5.5 6.2 5.6 5.1 4.2 4.1 4.5 6.0 7.6 2008
7.2 6.9 7.0 7.0 6.7 6.6 6.1 6.0 5.9 6.4 5.8 5.9 5.7 5.5 6.1 5.6 5.1 4.3 4.3 4.6 5.7 6.3 5.1 2009
7.1 6.8 7.0 7.0 6.6 6.5 6.1 6.0 5.8 6.4 5.7 5.9 5.7 5.5 6.0 5.5 5.1 4.4 4.5 4.8 5.6 6.0 5.2 5.2 2010
7.0 6.8 6.9 6.9 6.6 6.5 6.0 6.0 5.8 6.3 5.7 5.9 5.7 5.5 6.0 5.6 5.2 4.6 4.7 4.9 5.6 6.0 5.4 5.6 5.9 2011
7.0 6.7 6.9 6.9 6.6 6.4 6.0 6.0 5.8 6.3 5.7 5.9 5.7 5.5 6.0 5.6 5.3 4.8 4.8 5.1 5.7 5.9 5.5 5.6 5.8 5.8 2012
6.9 6.6 6.7 6.7 6.4 6.3 5.9 5.9 5.7 6.2 5.6 5.7 5.6 5.4 5.8 5.4 5.1 4.7 4.7 4.9 5.4 5.6 5.2 5.2 5.2 4.8 3.9
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Dimensional Global Intermediate
Variable Maturity Index
MATR IX BOOK 2013
1985–2012: Total Returns (%) in US Dollars
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$8.28
$1
$0
1985
2012
Index data compiled by Dimensional.
45

25. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
46
1926
-1.5
-1.8
-1.5
-1.1
-2.1
-3.4
-4.4
-3.8
-3.2
-2.6
-2.2
-1.8
-1.9
-1.8
-1.6
-0.9
-0.3
-0.2
0.0
0.1
0.9
1.2
1.3
1.2
1.3
1.5
1.5
1.5
1.4
1.4
1.4
1.5
1.5
1.5
1.5
1.4
1.4
1.4
1.4
1.4
1.5
1.5
1.6
1.7
1.8
1.8
1.9
2.0
2.2
2.3
2.3
2.4
2.5
2.7
2.9
3.0
3.0
3.0
3.0
3.1
3.0
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.0
3.0
3.0
3.0
3.1
3.0
3.0
3.0
3.0
3.0
1926
1927
-2.1
-1.5
-1.0
-2.2
-3.7
-4.9
-4.1
-3.4
-2.7
-2.3
-1.8
-1.9
-1.8
-1.6
-0.9
-0.3
-0.1
0.0
0.2
1.0
1.4
1.4
1.3
1.5
1.6
1.6
1.6
1.5
1.5
1.5
1.6
1.6
1.6
1.6
1.5
1.5
1.5
1.5
1.5
1.6
1.6
1.7
1.8
1.9
1.9
1.9
2.1
2.3
2.4
2.4
2.5
2.6
2.8
3.0
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.1
3.0
3.0
3.0
1927
1928
-1.0
-0.4
-2.3
-4.2
-5.4
-4.5
-3.6
-2.8
-2.3
-1.8
-1.9
-1.8
-1.6
-0.8
-0.2
0.1
0.2
0.3
1.2
1.5
1.6
1.4
1.6
1.8
1.8
1.7
1.6
1.6
1.6
1.7
1.7
1.7
1.7
1.6
1.6
1.6
1.6
1.6
1.7
1.7
1.8
1.9
2.0
2.0
2.0
2.2
2.4
2.5
2.5
2.6
2.7
2.9
3.1
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.1
3.1
3.1
3.1
3.1
1928
1929
0.2
-3.0
-5.2
-6.5
-5.1
-4.0
-3.0
-2.5
-1.9
-2.0
-1.8
-1.6
-0.8
-0.1
0.1
0.2
0.4
1.3
1.7
1.7
1.5
1.7
1.9
1.9
1.8
1.7
1.7
1.7
1.8
1.8
1.8
1.7
1.7
1.7
1.7
1.7
1.7
1.7
1.8
1.8
1.9
2.0
2.1
2.1
2.2
2.4
2.5
2.6
2.7
2.8
3.0
3.2
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.4
3.4
3.4
3.4
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.1
1929
1930
-6.0
-7.8
-8.6
-6.4
-4.8
-3.5
-2.9
-2.1
-2.2
-2.0
-1.8
-0.9
-0.1
0.1
0.2
0.4
1.3
1.7
1.8
1.6
1.8
2.0
1.9
1.9
1.8
1.7
1.8
1.8
1.8
1.8
1.8
1.8
1.7
1.7
1.7
1.7
1.8
1.8
1.9
2.0
2.1
2.1
2.1
2.3
2.5
2.6
2.6
2.7
2.8
3.0
3.2
3.3
3.3
3.3
3.4
3.4
3.3
3.3
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.3
3.2
3.2
3.2
3.2
3.2
1930
1931
-9.5
-9.9
-6.6
-4.5
-3.0
-2.3
-1.6
-1.7
-1.6
-1.3
-0.4
0.4
0.6
0.7
0.8
1.8
2.2
2.3
2.0
2.2
2.4
2.3
2.2
2.1
2.1
2.1
2.1
2.1
2.1
2.1
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.1
2.2
2.3
2.3
2.3
2.5
2.7
2.8
2.8
2.9
3.0
3.2
3.4
3.5
3.5
3.5
3.5
3.5
3.5
3.5
3.5
3.6
3.6
3.6
3.6
3.6
3.5
3.5
3.5
3.5
3.5
3.5
3.5
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.3
3.3
3.3
3.3
1931
1932
-10.3 1933
-5.0 0.5 1934
-2.7 1.3 2.0 1935
-1.3 1.8 2.5 3.0 1936
-0.8 1.7 2.1 2.1 1.2 1937
-0.2 2.0 2.3 2.4 2.1 3.1 1938
-0.6 1.2 1.3 1.1 0.5 0.1 -2.8 1939
-0.6 0.9 1.0 0.8 0.2 -0.1 -1.6 -0.5 1940
-0.4 0.9 1.0 0.8 0.4 0.2 -0.8 0.2 1.0 1941
0.6 1.9 2.0 2.0 1.9 2.0 1.7 3.3 5.2 9.7 1942
1.3 2.6 2.8 2.9 2.9 3.2 3.2 4.8 6.6 9.5 9.3 1943
1.5 2.6 2.9 2.9 2.9 3.2 3.2 4.4 5.7 7.4 6.2 3.2 1944
1.5 2.6 2.8 2.9 2.9 3.1 3.1 4.1 5.0 6.0 4.8 2.6 2.1 1945
1.6 2.6 2.7 2.8 2.8 3.0 3.0 3.8 4.5 5.3 4.2 2.5 2.2 2.2 1946
2.6 3.6 3.9 4.0 4.1 4.4 4.5 5.5 6.4 7.3 6.8 6.2 7.3 9.9 18.2 1947
3.0 4.0 4.2 4.4 4.5 4.8 5.0 5.9 6.7 7.5 7.2 6.8 7.7 9.6 13.5 9.0 1948
3.0 3.9 4.1 4.3 4.4 4.6 4.8 5.6 6.2 6.9 6.5 6.1 6.7 7.8 9.8 5.8 2.7 1949
2.7 3.5 3.7 3.8 3.9 4.1 4.2 4.9 5.4 5.9 5.5 4.9 5.2 5.8 6.8 3.2 0.4 -1.8 1950
2.9 3.7 3.9 4.0 4.0 4.2 4.3 4.9 5.4 5.9 5.5 5.0 5.3 5.8 6.6 3.8 2.2 1.9 5.8 1951
3.0 3.8 4.0 4.1 4.1 4.3 4.4 5.0 5.5 5.9 5.5 5.1 5.4 5.8 6.4 4.2 3.1 3.2 5.8 5.9 1952
2.9 3.6 3.8 3.9 4.0 4.1 4.2 4.7 5.1 5.5 5.1 4.7 4.9 5.2 5.6 3.7 2.6 2.6 4.2 3.3 0.9 1953
2.8 3.5 3.6 3.7 3.8 3.9 4.0 4.4 4.8 5.1 4.7 4.3 4.4 4.7 5.0 3.2 2.3 2.2 3.3 2.4 0.8 0.6 1954
2.7 3.3 3.4 3.5 3.5 3.7 3.7 4.1 4.4 4.7 4.3 3.9 4.0 4.2 4.4 2.8 1.9 1.8 2.5 1.7 0.3 0.1 -0.5 1955
2.6 3.2 3.3 3.4 3.4 3.5 3.5 3.9 4.2 4.4 4.0 3.6 3.7 3.8 4.0 2.5 1.7 1.6 2.1 1.4 0.3 0.2 -0.1 0.4 1956
2.6 3.2 3.3 3.3 3.4 3.5 3.5 3.8 4.1 4.3 3.9 3.6 3.6 3.7 3.9 2.5 1.8 1.7 2.2 1.7 0.8 0.8 0.9 1.6 2.9 1957
2.6 3.2 3.3 3.3 3.3 3.4 3.5 3.8 4.0 4.2 3.9 3.5 3.6 3.7 3.8 2.6 2.0 1.9 2.3 1.9 1.2 1.3 1.4 2.1 2.9 3.0 1958
2.6 3.1 3.2 3.3 3.3 3.4 3.4 3.7 3.9 4.1 3.8 3.4 3.4 3.5 3.6 2.5 1.9 1.9 2.3 1.8 1.3 1.3 1.5 2.0 2.5 2.4 1.8 1959
2.5 3.0 3.1 3.2 3.2 3.3 3.3 3.6 3.8 3.9 3.6 3.3 3.3 3.4 3.5 2.4 1.9 1.8 2.2 1.8 1.3 1.4 1.5 1.9 2.3 2.1 1.6 1.5 1960
2.5 3.0 3.1 3.1 3.1 3.2 3.2 3.5 3.7 3.8 3.5 3.2 3.2 3.3 3.3 2.4 1.9 1.8 2.1 1.8 1.3 1.4 1.5 1.8 2.1 1.9 1.6 1.5 1.5 1961
2.4 2.9 3.0 3.0 3.0 3.1 3.1 3.4 3.5 3.7 3.4 3.1 3.1 3.1 3.2 2.2 1.8 1.7 2.0 1.7 1.3 1.3 1.4 1.7 1.9 1.7 1.4 1.2 1.1 0.7 1962
2.4 2.8 2.9 3.0 3.0 3.0 3.0 3.3 3.4 3.6 3.3 3.0 3.0 3.0 3.1 2.2 1.7 1.7 1.9 1.6 1.3 1.3 1.4 1.6 1.8 1.6 1.3 1.2 1.1 0.9 1.2 1963
2.4 2.8 2.9 2.9 2.9 3.0 3.0 3.2 3.4 3.5 3.2 2.9 2.9 2.9 3.0 2.2 1.7 1.7 1.9 1.6 1.3 1.3 1.4 1.6 1.8 1.6 1.4 1.3 1.3 1.2 1.4 1.7 1964
2.3 2.8 2.8 2.9 2.9 2.9 2.9 3.1 3.3 3.4 3.1 2.8 2.8 2.9 2.9 2.1 1.7 1.6 1.9 1.6 1.3 1.3 1.4 1.6 1.7 1.6 1.4 1.3 1.2 1.2 1.4 1.4 1.2 1965
2.3 2.7 2.8 2.8 2.8 2.9 2.9 3.1 3.2 3.3 3.1 2.8 2.8 2.8 2.8 2.1 1.7 1.7 1.9 1.6 1.3 1.4 1.4 1.6 1.7 1.6 1.4 1.4 1.4 1.3 1.5 1.6 1.6 1.9 1966
2.4 2.8 2.8 2.8 2.8 2.9 2.9 3.1 3.2 3.3 3.1 2.8 2.8 2.8 2.9 2.2 1.8 1.8 2.0 1.7 1.5 1.5 1.6 1.7 1.9 1.8 1.6 1.6 1.6 1.7 1.9 2.0 2.2 2.6 3.3 1967
2.4 2.8 2.8 2.9 2.8 2.9 2.9 3.1 3.2 3.3 3.1 2.8 2.8 2.8 2.9 2.2 1.9 1.8 2.0 1.8 1.6 1.6 1.7 1.8 2.0 1.9 1.8 1.8 1.8 1.9 2.1 2.2 2.4 2.8 3.2 3.0
2.4 2.8 2.9 2.9 2.9 3.0 3.0 3.1 3.3 3.4 3.1 2.9 2.9 2.9 3.0 2.3 2.0 2.0 2.2 2.0 1.7 1.8 1.9 2.1 2.2 2.1 2.0 2.1 2.1 2.2 2.4 2.6 2.8 3.3 3.7 3.9
2.5 2.9 3.0 3.0 3.0 3.1 3.0 3.2 3.4 3.5 3.2 3.0 3.0 3.0 3.1 2.5 2.2 2.2 2.4 2.2 2.0 2.0 2.1 2.3 2.5 2.4 2.4 2.4 2.5 2.6 2.9 3.1 3.4 3.8 4.3 4.6
2.6 3.0 3.0 3.1 3.1 3.1 3.1 3.3 3.4 3.5 3.3 3.1 3.1 3.1 3.2 2.6 2.3 2.3 2.5 2.3 2.2 2.2 2.3 2.5 2.7 2.6 2.6 2.7 2.8 2.9 3.2 3.4 3.7 4.1 4.5 4.8
2.6 3.0 3.0 3.1 3.1 3.1 3.1 3.3 3.4 3.5 3.3 3.1 3.1 3.1 3.2 2.6 2.4 2.4 2.5 2.4 2.2 2.3 2.4 2.6 2.7 2.7 2.7 2.7 2.8 3.0 3.2 3.4 3.6 4.0 4.3 4.5
2.6 3.0 3.1 3.1 3.1 3.1 3.1 3.3 3.4 3.5 3.3 3.1 3.1 3.2 3.2 2.7 2.4 2.4 2.6 2.4 2.3 2.4 2.4 2.6 2.7 2.7 2.7 2.8 2.9 3.0 3.2 3.4 3.6 3.9 4.2 4.3
2.8 3.1 3.2 3.2 3.2 3.3 3.3 3.5 3.6 3.7 3.5 3.3 3.3 3.3 3.4 2.9 2.6 2.6 2.8 2.7 2.6 2.6 2.7 2.9 3.1 3.1 3.1 3.2 3.3 3.4 3.7 3.9 4.1 4.4 4.8 5.0
3.0 3.3 3.4 3.4 3.5 3.5 3.5 3.7 3.8 3.9 3.7 3.6 3.6 3.6 3.7 3.2 3.0 3.0 3.2 3.1 3.0 3.1 3.2 3.4 3.5 3.6 3.6 3.7 3.9 4.0 4.3 4.6 4.8 5.2 5.6 5.8
3.1 3.4 3.5 3.5 3.5 3.6 3.6 3.8 3.9 4.0 3.8 3.7 3.7 3.7 3.8 3.3 3.1 3.1 3.3 3.2 3.1 3.2 3.4 3.5 3.7 3.7 3.8 3.9 4.1 4.2 4.5 4.7 5.0 5.4 5.7 6.0
3.1 3.5 3.5 3.6 3.6 3.6 3.6 3.8 3.9 4.0 3.9 3.7 3.7 3.8 3.8 3.4 3.2 3.2 3.4 3.3 3.2 3.3 3.4 3.6 3.8 3.8 3.8 4.0 4.1 4.3 4.5 4.8 5.0 5.3 5.6 5.9
3.2 3.5 3.6 3.6 3.6 3.7 3.7 3.9 4.0 4.1 3.9 3.8 3.8 3.9 3.9 3.5 3.3 3.3 3.5 3.4 3.3 3.4 3.6 3.7 3.9 3.9 4.0 4.1 4.2 4.4 4.7 4.9 5.1 5.4 5.7 5.9
3.3 3.6 3.7 3.7 3.8 3.8 3.8 4.0 4.1 4.2 4.1 3.9 4.0 4.0 4.1 3.7 3.5 3.5 3.7 3.6 3.5 3.6 3.8 3.9 4.1 4.2 4.2 4.3 4.5 4.7 4.9 5.1 5.4 5.7 6.0 6.2
3.5 3.8 3.9 4.0 4.0 4.0 4.1 4.2 4.4 4.4 4.3 4.2 4.2 4.3 4.3 3.9 3.8 3.8 4.0 3.9 3.9 4.0 4.1 4.3 4.5 4.5 4.6 4.8 4.9 5.1 5.4 5.6 5.9 6.2 6.5 6.7
3.7 4.0 4.1 4.1 4.2 4.2 4.2 4.4 4.5 4.6 4.5 4.4 4.4 4.5 4.5 4.2 4.0 4.1 4.3 4.2 4.2 4.3 4.4 4.6 4.8 4.9 4.9 5.1 5.3 5.5 5.7 6.0 6.2 6.6 6.9 7.1
3.8 4.1 4.2 4.2 4.3 4.3 4.4 4.5 4.6 4.7 4.6 4.5 4.5 4.6 4.7 4.3 4.2 4.2 4.4 4.4 4.3 4.4 4.6 4.8 4.9 5.0 5.1 5.3 5.4 5.6 5.9 6.1 6.4 6.7 7.0 7.2
3.8 4.1 4.2 4.2 4.2 4.3 4.3 4.5 4.6 4.7 4.6 4.5 4.5 4.6 4.6 4.3 4.2 4.2 4.4 4.3 4.3 4.4 4.5 4.7 4.9 5.0 5.1 5.2 5.4 5.5 5.8 6.0 6.2 6.5 6.8 7.0
3.8 4.1 4.2 4.2 4.2 4.3 4.3 4.5 4.6 4.7 4.6 4.5 4.5 4.6 4.6 4.3 4.2 4.2 4.4 4.3 4.3 4.4 4.5 4.7 4.9 4.9 5.0 5.1 5.3 5.5 5.7 5.9 6.1 6.4 6.6 6.8
3.8 4.1 4.2 4.2 4.2 4.3 4.3 4.5 4.6 4.7 4.6 4.5 4.5 4.5 4.6 4.3 4.1 4.2 4.4 4.3 4.3 4.4 4.5 4.7 4.8 4.9 5.0 5.1 5.2 5.4 5.6 5.8 6.0 6.3 6.5 6.7
3.8 4.1 4.2 4.2 4.2 4.3 4.3 4.5 4.6 4.7 4.5 4.4 4.5 4.5 4.6 4.3 4.1 4.2 4.3 4.3 4.3 4.4 4.5 4.6 4.8 4.9 4.9 5.0 5.2 5.3 5.5 5.7 5.9 6.1 6.4 6.5
3.8 4.0 4.1 4.1 4.2 4.2 4.2 4.4 4.5 4.6 4.5 4.4 4.4 4.4 4.5 4.2 4.1 4.1 4.3 4.2 4.2 4.3 4.4 4.5 4.7 4.7 4.8 4.9 5.0 5.2 5.4 5.5 5.7 5.9 6.1 6.2
3.8 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.5 4.6 4.5 4.4 4.4 4.4 4.5 4.2 4.1 4.1 4.3 4.2 4.2 4.3 4.4 4.5 4.7 4.7 4.8 4.9 5.0 5.1 5.3 5.5 5.7 5.8 6.0 6.2
3.8 4.0 4.1 4.2 4.2 4.2 4.3 4.4 4.5 4.6 4.5 4.4 4.4 4.4 4.5 4.2 4.1 4.1 4.3 4.2 4.2 4.3 4.4 4.5 4.7 4.7 4.8 4.9 5.0 5.1 5.3 5.4 5.6 5.8 6.0 6.1
3.8 4.1 4.1 4.2 4.2 4.2 4.3 4.4 4.5 4.6 4.5 4.4 4.4 4.5 4.5 4.2 4.1 4.1 4.3 4.2 4.2 4.3 4.4 4.5 4.7 4.7 4.8 4.9 5.0 5.1 5.3 5.4 5.6 5.7 5.9 6.0
3.8 4.1 4.2 4.2 4.2 4.3 4.3 4.4 4.5 4.6 4.5 4.4 4.4 4.5 4.5 4.2 4.1 4.2 4.3 4.3 4.2 4.3 4.4 4.6 4.7 4.8 4.8 4.9 5.0 5.1 5.3 5.4 5.6 5.8 5.9 6.0
3.8 4.1 4.1 4.2 4.2 4.3 4.3 4.4 4.5 4.6 4.5 4.4 4.4 4.5 4.5 4.2 4.1 4.1 4.3 4.3 4.2 4.3 4.4 4.5 4.7 4.7 4.8 4.8 5.0 5.1 5.2 5.4 5.5 5.7 5.8 5.9
3.8 4.1 4.1 4.2 4.2 4.2 4.2 4.4 4.5 4.5 4.4 4.4 4.4 4.4 4.5 4.2 4.1 4.1 4.3 4.2 4.2 4.3 4.4 4.5 4.6 4.7 4.7 4.8 4.9 5.0 5.1 5.3 5.4 5.6 5.7 5.8
3.8 4.0 4.1 4.1 4.2 4.2 4.2 4.4 4.4 4.5 4.4 4.3 4.3 4.4 4.4 4.2 4.1 4.1 4.2 4.2 4.2 4.2 4.3 4.5 4.6 4.6 4.7 4.7 4.8 4.9 5.1 5.2 5.3 5.5 5.6 5.7
3.8 4.0 4.1 4.1 4.1 4.2 4.2 4.3 4.4 4.5 4.4 4.3 4.3 4.4 4.4 4.1 4.0 4.1 4.2 4.2 4.1 4.2 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.4 5.5 5.6
3.8 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.4 4.3 4.3 4.3 4.4 4.1 4.0 4.0 4.2 4.1 4.1 4.2 4.2 4.4 4.5 4.5 4.5 4.6 4.7 4.8 4.9 5.0 5.2 5.3 5.4 5.5
3.7 4.0 4.0 4.1 4.1 4.1 4.2 4.3 4.4 4.4 4.3 4.2 4.3 4.3 4.3 4.1 4.0 4.0 4.1 4.1 4.1 4.1 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4
3.7 3.9 4.0 4.0 4.0 4.1 4.1 4.2 4.3 4.4 4.3 4.2 4.2 4.3 4.3 4.0 3.9 4.0 4.1 4.1 4.0 4.1 4.2 4.3 4.4 4.4 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3
3.7 3.9 4.0 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.2 4.1 4.2 4.2 4.2 4.0 3.9 3.9 4.0 4.0 4.0 4.0 4.1 4.2 4.3 4.3 4.4 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2
3.7 3.9 3.9 4.0 4.0 4.0 4.0 4.2 4.2 4.3 4.2 4.1 4.1 4.2 4.2 4.0 3.9 3.9 4.0 4.0 3.9 4.0 4.1 4.2 4.3 4.3 4.3 4.4 4.5 4.5 4.7 4.7 4.8 4.9 5.0 5.1
3.7 3.9 3.9 4.0 4.0 4.0 4.0 4.2 4.2 4.3 4.2 4.1 4.1 4.2 4.2 4.0 3.9 3.9 4.0 4.0 3.9 4.0 4.1 4.2 4.2 4.3 4.3 4.4 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.0
3.6 3.9 3.9 3.9 3.9 4.0 4.0 4.1 4.2 4.2 4.2 4.1 4.1 4.1 4.1 3.9 3.8 3.8 4.0 3.9 3.9 3.9 4.0 4.1 4.2 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.8 4.9 4.9
3.6 3.8 3.9 3.9 3.9 4.0 4.0 4.1 4.2 4.2 4.1 4.0 4.1 4.1 4.1 3.9 3.8 3.8 3.9 3.9 3.8 3.9 4.0 4.1 4.2 4.2 4.2 4.3 4.3 4.4 4.5 4.6 4.6 4.7 4.8 4.9
3.6 3.8 3.8 3.9 3.9 3.9 3.9 4.0 4.1 4.2 4.1 4.0 4.0 4.0 4.1 3.8 3.8 3.8 3.9 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.4 4.5 4.6 4.7 4.7 4.8
3.6 3.8 3.8 3.9 3.9 3.9 3.9 4.0 4.1 4.2 4.1 4.0 4.0 4.0 4.1 3.8 3.7 3.8 3.9 3.8 3.8 3.9 3.9 4.0 4.1 4.1 4.1 4.2 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.7
3.6 3.8 3.8 3.9 3.9 3.9 3.9 4.0 4.1 4.1 4.1 4.0 4.0 4.0 4.1 3.8 3.7 3.8 3.9 3.8 3.8 3.8 3.9 4.0 4.1 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.6 4.7 4.7
3.6 3.8 3.8 3.8 3.9 3.9 3.9 4.0 4.1 4.1 4.0 4.0 4.0 4.0 4.0 3.8 3.7 3.7 3.8 3.8 3.8 3.8 3.9 4.0 4.0 4.1 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5 4.6 4.6
3.6 3.8 3.8 3.8 3.9 3.9 3.9 4.0 4.1 4.1 4.0 4.0 4.0 4.0 4.0 3.8 3.7 3.7 3.8 3.8 3.8 3.8 3.9 4.0 4.0 4.1 4.1 4.1 4.2 4.2 4.3 4.4 4.5 4.5 4.6 4.6
3.5 3.7 3.8 3.8 3.8 3.8 3.9 3.9 4.0 4.1 4.0 3.9 3.9 3.9 4.0 3.8 3.7 3.7 3.8 3.7 3.7 3.8 3.8 3.9 4.0 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4 4.5 4.5
3.5 3.7 3.8 3.8 3.8 3.8 3.8 3.9 4.0 4.0 4.0 3.9 3.9 3.9 3.9 3.7 3.7 3.7 3.8 3.7 3.7 3.7 3.8 3.9 3.9 4.0 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.5 4.5
3.5 3.7 3.7 3.7 3.8 3.8 3.8 3.9 4.0 4.0 3.9 3.8 3.9 3.9 3.9 3.7 3.6 3.6 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.4 4.4
3.5 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 3.9 3.8 3.8 3.9 3.9 3.7 3.6 3.6 3.7 3.7 3.6 3.7 3.7 3.8 3.9 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.4 4.4
3.5 3.7 3.7 3.7 3.7 3.8 3.8 3.9 3.9 4.0 3.9 3.8 3.8 3.8 3.9 3.7 3.6 3.6 3.7 3.6 3.6 3.7 3.7 3.8 3.8 3.9 3.9 3.9 4.0 4.0 4.1 4.1 4.2 4.3 4.3 4.3
1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
D I M E N S I O N A L F U N D A D VI S O R S
US INFLATION: CHANGES IN
US CONSUMER PRICE INDEX
1926–2012 (%)
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$13
$1
$0
1926
2011
Data provided by Ibbotson Associates.
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
4.7 1969
5.4 6.1 1970
5.4 5.8 5.5 1971
4.9 5.0 4.4 3.4 1972
4.6 4.6 4.1 3.4 3.4 1973
5.3 5.4 5.2 5.2 6.1 8.8 1974
6.3 6.5 6.6 6.9 8.1 10.5 12.2 1975
6.3 6.6 6.7 6.9 7.8 9.3 9.6 7.0 1976
6.2 6.4 6.4 6.6 7.2 8.2 8.0 5.9 4.8 1977
6.2 6.4 6.4 6.6 7.1 7.9 7.7 6.2 5.8 6.8 1978
6.5 6.7 6.7 6.9 7.4 8.1 7.9 6.9 6.9 7.9 9.0 1979
7.0 7.3 7.4 7.6 8.1 8.8 8.8 8.2 8.4 9.7 11.2 13.3 1980
7.4 7.7 7.8 8.1 8.6 9.3 9.3 8.9 9.2 10.4 11.6 12.9 12.4 1981
7.6 7.8 7.9 8.1 8.6 9.2 9.3 8.9 9.2 10.1 10.9 11.5 10.7 8.9 1982
7.3 7.5 7.6 7.8 8.2 8.7 8.7 8.2 8.4 9.0 9.5 9.6 8.3 6.4 3.9 1983
7.1 7.2 7.3 7.5 7.8 8.2 8.2 7.7 7.8 8.2 8.5 8.4 7.2 5.5 3.8 3.8 1984
6.9 7.0 7.1 7.2 7.5 7.9 7.8 7.3 7.4 7.7 7.8 7.7 6.6 5.1 3.9 3.9 4.0 1985
6.7 6.8 6.9 7.0 7.2 7.5 7.4 7.0 7.0 7.3 7.3 7.1 6.1 4.9 3.9 3.9 3.9 3.8 1986
6.4 6.5 6.5 6.6 6.8 7.1 6.9 6.5 6.5 6.6 6.6 6.3 5.4 4.2 3.3 3.2 3.0 2.4 1.1 1987
6.3 6.4 6.4 6.5 6.7 6.9 6.8 6.4 6.3 6.4 6.4 6.1 5.2 4.3 3.5 3.4 3.3 3.1 2.8 4.4 1988
6.2 6.3 6.3 6.4 6.5 6.7 6.6 6.2 6.2 6.3 6.2 5.9 5.2 4.3 3.6 3.6 3.5 3.4 3.3 4.4 4.4 1989
6.2 6.2 6.2 6.3 6.4 6.6 6.5 6.1 6.0 6.1 6.1 5.8 5.1 4.3 3.8 3.7 3.7 3.7 3.6 4.5 4.5 4.6 1990
6.2 6.2 6.2 6.3 6.4 6.6 6.5 6.1 6.0 6.1 6.1 5.8 5.2 4.5 4.0 4.0 4.1 4.1 4.1 4.9 5.1 5.4 6.1 1991
6.0 6.1 6.1 6.1 6.2 6.4 6.3 5.9 5.9 5.9 5.9 5.6 5.0 4.4 3.9 3.9 3.9 3.9 4.0 4.5 4.6 4.6 4.6 3.1 1992
5.9 6.0 5.9 6.0 6.1 6.2 6.1 5.8 5.7 5.7 5.7 5.4 4.9 4.3 3.8 3.8 3.8 3.8 3.8 4.3 4.2 4.2 4.1 3.1 3.0 1993
5.8 5.8 5.8 5.8 5.9 6.1 5.9 5.6 5.5 5.6 5.5 5.3 4.7 4.1 3.7 3.7 3.7 3.7 3.7 4.1 4.0 3.9 3.7 3.0 2.9 2.8 1994
5.7 5.7 5.7 5.7 5.8 5.9 5.8 5.5 5.4 5.4 5.3 5.1 4.6 4.0 3.7 3.6 3.6 3.6 3.6 3.9 3.8 3.7 3.5 2.9 2.8 2.7 2.7 1995
5.6 5.6 5.6 5.6 5.7 5.8 5.6 5.3 5.2 5.3 5.2 5.0 4.5 3.9 3.6 3.6 3.6 3.5 3.5 3.7 3.7 3.6 3.4 2.8 2.8 2.7 2.7 2.7 1996
5.5 5.5 5.5 5.5 5.6 5.7 5.5 5.2 5.1 5.2 5.1 4.9 4.4 3.9 3.6 3.6 3.5 3.5 3.5 3.7 3.6 3.5 3.4 2.9 2.9 2.9 2.9 3.0 3.3 1997
5.3 5.4 5.3 5.3 5.4 5.5 5.4 5.1 5.0 5.0 4.9 4.7 4.2 3.8 3.5 3.4 3.4 3.4 3.3 3.5 3.4 3.3 3.2 2.7 2.7 2.6 2.6 2.6 2.5 1.7 1998
5.2 5.2 5.2 5.2 5.3 5.3 5.2 4.9 4.8 4.8 4.7 4.5 4.1 3.6 3.3 3.3 3.3 3.2 3.2 3.4 3.3 3.1 3.0 2.6 2.5 2.5 2.4 2.3 2.2 1.7 1.6 1999
5.1 5.2 5.1 5.1 5.2 5.2 5.1 4.8 4.7 4.7 4.7 4.4 4.0 3.6 3.3 3.3 3.2 3.2 3.2 3.3 3.2 3.1 3.0 2.6 2.6 2.5 2.4 2.4 2.3 2.0 2.1 2.7 2000
5.1 5.1 5.1 5.1 5.1 5.2 5.0 4.8 4.7 4.7 4.6 4.4 4.0 3.6 3.3 3.3 3.3 3.2 3.2 3.3 3.2 3.1 3.0 2.7 2.6 2.6 2.6 2.6 2.5 2.3 2.6 3.0 3.4 2001
5.0 5.0 5.0 4.9 5.0 5.0 4.9 4.7 4.6 4.6 4.5 4.3 3.9 3.5 3.2 3.2 3.2 3.1 3.1 3.2 3.1 3.0 2.9 2.6 2.5 2.5 2.4 2.4 2.4 2.2 2.3 2.5 2.5 1.6 2002
4.9 4.9 4.9 4.9 4.9 5.0 4.8 4.6 4.5 4.5 4.4 4.2 3.8 3.4 3.2 3.2 3.1 3.1 3.0 3.1 3.1 3.0 2.8 2.6 2.5 2.5 2.4 2.4 2.4 2.2 2.3 2.5 2.4 2.0 2.4 2003
4.8 4.8 4.8 4.8 4.8 4.9 4.7 4.5 4.4 4.4 4.3 4.1 3.7 3.4 3.1 3.1 3.1 3.0 3.0 3.1 3.0 2.9 2.8 2.5 2.5 2.4 2.4 2.4 2.3 2.2 2.2 2.4 2.3 1.9 2.1 1.9 2004
4.8 4.8 4.7 4.7 4.8 4.8 4.7 4.4 4.4 4.3 4.2 4.1 3.7 3.4 3.1 3.1 3.1 3.0 3.0 3.1 3.0 2.9 2.8 2.6 2.5 2.5 2.5 2.4 2.4 2.3 2.4 2.5 2.5 2.3 2.5 2.6 3.3 2005
4.7 4.7 4.7 4.7 4.7 4.8 4.6 4.4 4.3 4.3 4.2 4.0 3.7 3.4 3.1 3.1 3.1 3.0 3.0 3.1 3.0 2.9 2.8 2.6 2.6 2.6 2.5 2.5 2.5 2.4 2.5 2.6 2.6 2.5 2.7 2.8 3.3 3.4 2006
4.7 4.7 4.6 4.6 4.7 4.7 4.6 4.3 4.3 4.2 4.2 4.0 3.7 3.3 3.1 3.1 3.1 3.0 3.0 3.1 3.0 2.9 2.8 2.6 2.6 2.6 2.5 2.5 2.5 2.4 2.5 2.6 2.6 2.5 2.7 2.8 3.1 3.0 2.5 2007
4.7 4.7 4.6 4.6 4.6 4.7 4.6 4.3 4.3 4.2 4.2 4.0 3.7 3.4 3.2 3.1 3.1 3.1 3.0 3.1 3.1 3.0 2.9 2.7 2.7 2.7 2.7 2.6 2.6 2.6 2.7 2.8 2.8 2.7 2.9 3.0 3.3 3.3 3.3 4.1 2008
4.6 4.6 4.5 4.5 4.5 4.6 4.4 4.2 4.1 4.1 4.0 3.9 3.5 3.2 3.0 3.0 3.0 2.9 2.9 3.0 2.9 2.8 2.7 2.6 2.5 2.5 2.5 2.5 2.4 2.4 2.4 2.5 2.5 2.4 2.5 2.5 2.7 2.5 2.2 2.1 0.1 2009
4.5 4.5 4.5 4.4 4.5 4.5 4.4 4.2 4.1 4.1 4.0 3.8 3.5 3.2 3.0 3.0 3.0 2.9 2.9 3.0 2.9 2.8 2.7 2.6 2.5 2.5 2.5 2.5 2.5 2.4 2.5 2.5 2.5 2.4 2.5 2.6 2.7 2.6 2.4 2.3 1.4 2.7 2010
4.4 4.4 4.4 4.4 4.4 4.4 4.3 4.1 4.0 4.0 3.9 3.7 3.5 3.2 3.0 2.9 2.9 2.9 2.8 2.9 2.8 2.8 2.7 2.5 2.5 2.5 2.4 2.4 2.4 2.3 2.4 2.5 2.4 2.3 2.4 2.4 2.5 2.4 2.2 2.1 1.4 2.1 1.5 2011
4.4 4.4 4.4 4.3 4.4 4.4 4.3 4.1 4.0 4.0 3.9 3.7 3.4 3.2 3.0 2.9 2.9 2.9 2.8 2.9 2.8 2.8 2.7 2.5 2.5 2.5 2.5 2.5 2.4 2.4 2.4 2.5 2.5 2.4 2.5 2.5 2.6 2.5 2.3 2.3 1.8 2.4 2.2 3.0 2012
4.3 4.3 4.3 4.3 4.3 4.3 4.2 4.0 3.9 3.9 3.8 3.7 3.4 3.1 2.9 2.9 2.9 2.8 2.8 2.9 2.8 2.7 2.7 2.5 2.5 2.4 2.4 2.4 2.4 2.3 2.4 2.4 2.4 2.3 2.4 2.4 2.5 2.4 2.2 2.2 1.8 2.2 2.1 2.3 1.7
1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
47

26. 1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
48
1927
30.8
34.9
4.6
-7.3
-15.9
-12.6
0.0
1.8
6.9
10.9
3.0
5.7
5.3
4.5
2.7
3.7
6.4
8.0
10.4
8.3
7.4
6.7
7.4
8.3
8.3
8.3
7.8
9.4
9.7
9.5
8.5
9.8
10.0
9.6
10.1
9.3
9.5
9.6
10.2
9.7
10.9
11.4
10.2
9.6
9.7
9.5
8.1
6.9
7.6
8.2
8.3
8.3
8.6
8.8
8.5
8.8
9.1
8.8
9.1
9.0
8.6
8.8
8.8
8.2
8.7
8.8
8.9
8.7
8.9
9.0
9.2
9.0
9.2
8.8
8.9
8.5
9.0
9.1
9.0
9.0
8.8
8.1
8.4
8.6
8.4
8.5
1927
1928
39.2
-6.5
-17.3
-24.7
-19.4
-4.4
-1.8
4.3
8.8
0.5
3.7
3.4
2.7
1.0
2.1
5.1
6.8
9.3
7.2
6.3
5.6
6.4
7.4
7.4
7.5
7.0
8.6
9.0
8.9
7.8
9.2
9.5
9.0
9.5
8.7
8.9
9.1
9.8
9.2
10.4
10.9
9.8
9.1
9.3
9.1
7.7
6.5
7.1
7.7
7.8
7.9
8.2
8.4
8.1
8.4
8.7
8.4
8.7
8.7
8.3
8.5
8.5
7.9
8.4
8.5
8.6
8.4
8.7
8.7
8.9
8.7
8.9
8.6
8.7
8.2
8.7
8.8
8.7
8.8
8.6
7.8
8.2
8.4
8.2
8.3
1928
1929
-37.2
-36.3
-38.6
-29.7
-11.3
-7.3
0.1
5.5
-3.1
0.7
0.7
0.1
-1.5
-0.2
3.1
5.1
7.8
5.7
4.8
4.2
5.1
6.2
6.2
6.3
5.9
7.6
8.0
7.9
6.9
8.3
8.6
8.2
8.7
7.9
8.2
8.4
9.1
8.5
9.8
10.3
9.2
8.5
8.7
8.5
7.1
5.9
6.6
7.2
7.3
7.3
7.7
7.9
7.6
7.9
8.3
7.9
8.3
8.2
7.8
8.0
8.1
7.4
7.9
8.1
8.2
8.0
8.3
8.3
8.5
8.4
8.6
8.2
8.3
7.8
8.4
8.4
8.4
8.4
8.2
7.5
7.8
8.1
7.9
7.9
1929
1930
-35.3
-39.3
-27.0
-3.4
0.2
8.1
13.7
2.4
6.1
5.5
4.5
2.3
3.5
6.8
8.8
11.5
9.0
7.9
7.0
7.8
8.9
8.8
8.8
8.2
10.0
10.3
10.1
8.9
10.4
10.6
10.1
10.6
9.7
9.9
10.1
10.7
10.1
11.4
11.9
10.7
9.9
10.1
9.9
8.4
7.1
7.8
8.4
8.5
8.5
8.8
9.1
8.8
9.0
9.3
9.0
9.3
9.3
8.9
9.0
9.1
8.4
8.9
9.0
9.1
8.9
9.2
9.2
9.4
9.2
9.4
9.0
9.1
8.6
9.2
9.2
9.1
9.2
9.0
8.2
8.6
8.8
8.6
8.6
1930
1931
-43.1
-22.4
10.5
11.8
19.8
24.9
9.3
12.8
11.4
9.6
6.6
7.6
11.0
12.9
15.6
12.6
11.2
10.0
10.7
11.7
11.5
11.4
10.7
12.4
12.7
12.4
11.0
12.5
12.7
12.1
12.6
11.6
11.7
11.8
12.5
11.8
13.1
13.6
12.2
11.4
11.5
11.3
9.7
8.3
9.0
9.6
9.7
9.7
10.0
10.2
9.9
10.1
10.4
10.1
10.4
10.3
9.9
10.0
10.0
9.3
9.8
9.9
10.0
9.8
10.0
10.1
10.3
10.1
10.3
9.8
9.9
9.4
9.9
10.0
9.9
10.0
9.7
8.9
9.3
9.5
9.3
9.3
1931
1932
5.9
53.9
40.0
44.4
46.1
21.8
24.4
21.2
17.9
13.5
14.0
17.4
19.0
21.6
17.8
15.9
14.4
14.9
15.8
15.4
15.0
14.1
15.8
16.0
15.5
13.9
15.4
15.5
14.7
15.1
14.0
14.1
14.1
14.7
14.0
15.2
15.7
14.2
13.3
13.4
13.1
11.4
10.0
10.6
11.2
11.3
11.2
11.5
11.7
11.3
11.5
11.9
11.5
11.7
11.6
11.2
11.3
11.3
10.5
11.0
11.1
11.2
10.9
11.2
11.2
11.4
11.1
11.3
10.9
11.0
10.4
11.0
11.0
10.9
10.9
10.7
9.8
10.2
10.4
10.2
10.2
1932
1933
123.8
60.9
60.1
58.4
25.3
27.8
23.6
19.5
14.4
14.8
18.5
20.1
22.9
18.8
16.6
14.9
15.5
16.3
15.9
15.5
14.5
16.3
16.4
15.9
14.3
15.8
15.8
15.0
15.5
14.3
14.4
14.4
15.0
14.2
15.5
16.0
14.5
13.5
13.6
13.3
11.5
10.1
10.8
11.4
11.4
11.4
11.6
11.8
11.4
11.7
12.0
11.6
11.8
11.7
11.3
11.4
11.4
10.6
11.1
11.2
11.3
11.0
11.3
11.3
11.5
11.2
11.4
11.0
11.1
10.5
11.0
11.1
11.0
11.0
10.7
9.9
10.3
10.5
10.2
10.3
1933
Fama/French
US Small Cap Index
1934
15.7
35.4
41.1
8.4
14.3
11.9
9.2
5.2
6.6
11.2
13.5
17.0
13.1
11.3
9.9
10.8
12.0
11.7
11.5
10.7
12.7
13.0
12.6
11.1
12.8
12.9
12.2
12.8
11.7
11.8
12.0
12.6
11.9
13.3
13.8
12.4
11.5
11.6
11.3
9.6
8.2
8.9
9.6
9.6
9.6
10.0
10.2
9.8
10.1
10.4
10.1
10.4
10.3
9.8
10.0
10.0
9.3
9.8
9.9
10.0
9.7
10.0
10.1
10.3
10.0
10.2
9.8
9.9
9.4
9.9
10.0
9.9
9.9
9.7
8.8
9.2
9.5
9.2
9.3
1934
1935
58.3
55.9
6.1
13.9
11.2
8.2
3.8
5.6
10.7
13.3
17.1
12.9
11.0
9.5
10.5
11.7
11.5
11.3
10.5
12.5
12.9
12.5
10.9
12.7
12.8
12.1
12.7
11.5
11.7
11.8
12.5
11.8
13.2
13.8
12.3
11.4
11.5
11.2
9.5
8.0
8.8
9.4
9.5
9.5
9.8
10.1
9.7
10.0
10.3
9.9
10.3
10.2
9.7
9.9
9.9
9.1
9.7
9.8
9.9
9.7
9.9
10.0
10.2
9.9
10.2
9.7
9.8
9.3
9.8
9.9
9.8
9.9
9.6
8.8
9.2
9.4
9.1
9.2
1935
1927–2012: Real Returns (%), Inflation-Adjusted
1936
53.4
-13.2
2.1
1.8
0.2
-3.2
-0.4
5.9
9.2
13.6
9.5
7.7
6.5
7.7
9.2
9.1
9.0
8.3
10.5
11.0
10.7
9.1
11.0
11.2
10.6
11.2
10.1
10.3
10.5
11.3
10.5
12.0
12.6
11.1
10.2
10.4
10.2
8.4
7.0
7.7
8.4
8.5
8.6
8.9
9.2
8.8
9.1
9.5
9.1
9.5
9.4
8.9
9.1
9.2
8.4
9.0
9.1
9.2
9.0
9.3
9.3
9.5
9.3
9.5
9.1
9.2
8.7
9.2
9.3
9.2
9.3
9.1
8.2
8.6
8.8
8.6
8.7
1936
1937
-50.9
-16.8
-11.2
-9.9
-11.8
-7.3
0.4
4.6
9.9
5.8
4.3
3.3
4.8
6.5
6.6
6.7
6.1
8.5
9.1
8.9
7.4
9.4
9.7
9.1
9.8
8.7
9.0
9.2
10.0
9.3
10.9
11.5
10.0
9.2
9.4
9.2
7.4
5.9
6.8
7.5
7.6
7.7
8.1
8.3
8.0
8.3
8.7
8.4
8.7
8.7
8.2
8.4
8.5
7.7
8.3
8.4
8.6
8.3
8.6
8.7
8.9
8.7
9.0
8.5
8.7
8.1
8.7
8.8
8.7
8.8
8.5
7.7
8.1
8.3
8.1
8.2
1937
1938
41.1
19.3
10.3
2.1
5.3
13.1
16.6
21.5
15.3
12.5
10.5
11.6
13.1
12.7
12.4
11.3
13.7
14.1
13.5
11.6
13.6
13.8
12.9
13.5
12.2
12.4
12.5
13.3
12.4
14.0
14.5
12.9
11.9
12.0
11.7
9.8
8.2
9.0
9.7
9.8
9.8
10.1
10.4
10.0
10.2
10.6
10.2
10.5
10.4
9.9
10.1
10.1
9.3
9.9
10.0
10.1
9.8
10.1
10.2
10.4
10.1
10.4
9.9
10.0
9.4
10.0
10.1
10.0
10.0
9.8
8.9
9.3
9.5
9.3
9.3
1938
GROWTH OF $1
1939
1.0
-2.5
-8.3
-2.2
8.2
12.9
18.9
12.4
9.7
7.8
9.3
11.0
10.8
10.6
9.6
12.2
12.6
12.2
10.3
12.4
12.6
11.8
12.5
11.1
11.3
11.5
12.3
11.5
13.1
13.7
12.0
11.0
11.2
10.9
9.0
7.4
8.2
9.0
9.1
9.1
9.4
9.7
9.3
9.6
10.0
9.6
9.9
9.9
9.4
9.5
9.6
8.8
9.4
9.5
9.6
9.4
9.6
9.7
9.9
9.7
9.9
9.5
9.6
9.0
9.6
9.7
9.6
9.6
9.4
8.5
8.9
9.1
8.9
9.0
1939
$100,000
1940
-5.8
-12.6
-3.2
10.1
15.5
22.2
14.1
10.8
8.6
10.1
12.0
11.6
11.4
10.2
13.0
13.4
12.9
10.8
13.0
13.2
12.3
13.0
11.6
11.8
12.0
12.8
11.9
13.6
14.2
12.4
11.4
11.6
11.2
9.2
7.6
8.4
9.2
9.3
9.3
9.7
9.9
9.5
9.8
10.2
9.8
10.2
10.1
9.6
9.7
9.8
9.0
9.5
9.7
9.8
9.5
9.8
9.9
10.1
9.8
10.1
9.6
9.7
9.1
9.7
9.8
9.7
9.8
9.5
8.6
9.0
9.3
9.0
9.1
1940
1941
-18.9
-1.9
16.0
21.5
28.7
17.8
13.4
10.6
12.0
13.9
13.3
12.9
11.5
14.5
14.8
14.1
11.9
14.2
14.3
13.3
14.0
12.5
12.6
12.8
13.6
12.6
14.4
15.0
13.1
12.0
12.2
11.8
9.7
8.0
8.9
9.6
9.7
9.7
10.1
10.4
9.9
10.2
10.6
10.2
10.5
10.4
9.9
10.1
10.1
9.3
9.9
10.0
10.1
9.8
10.1
10.2
10.4
10.1
10.4
9.9
10.0
9.4
10.0
10.1
10.0
10.0
9.7
8.8
9.2
9.5
9.2
9.3
1941
$10,000
1942
18.7
38.7
39.0
44.5
26.9
19.9
15.6
16.7
18.3
17.2
16.4
14.5
17.6
17.7
16.8
14.2
16.5
16.5
15.3
15.9
14.2
14.3
14.4
15.2
14.1
15.9
16.5
14.5
13.3
13.4
13.0
10.7
8.9
9.8
10.6
10.6
10.6
11.0
11.2
10.8
11.1
11.5
11.0
11.3
11.2
10.6
10.8
10.8
9.9
10.5
10.6
10.8
10.4
10.7
10.8
11.0
10.7
11.0
10.5
10.6
9.9
10.5
10.6
10.5
10.5
10.3
9.3
9.7
10.0
9.7
9.8
1942
1943
62.2
50.5
54.3
29.1
20.2
15.1
16.4
18.2
17.0
16.1
14.2
17.5
17.6
16.6
13.9
16.4
16.4
15.1
15.8
14.0
14.1
14.2
15.1
13.9
15.8
16.4
14.3
13.1
13.2
12.8
10.5
8.6
9.5
10.3
10.4
10.4
10.8
11.0
10.6
10.9
11.3
10.8
11.1
11.0
10.5
10.6
10.7
9.8
10.4
10.5
10.6
10.3
10.6
10.6
10.9
10.6
10.8
10.3
10.4
9.8
10.4
10.5
10.3
10.4
10.1
9.2
9.6
9.8
9.6
9.6
1943
$1,000
1944
39.6
50.4
19.6
11.5
7.4
10.1
13.0
12.4
11.9
10.2
14.1
14.5
13.7
11.0
13.8
14.0
12.8
13.7
11.9
12.1
12.3
13.3
12.2
14.2
14.9
12.8
11.6
11.8
11.4
9.1
7.2
8.2
9.1
9.2
9.2
9.6
9.9
9.5
9.8
10.2
9.8
10.2
10.1
9.5
9.7
9.7
8.9
9.5
9.6
9.8
9.5
9.8
9.9
10.1
9.8
10.1
9.6
9.7
9.1
9.7
9.8
9.7
9.7
9.5
8.5
8.9
9.2
8.9
9.0
1944
$1,117
$100
1945
62.1
10.8
3.5
0.6
5.0
9.1
8.9
8.9
7.4
11.8
12.5
11.8
9.1
12.2
12.5
11.4
12.3
10.5
10.8
11.1
12.2
11.1
13.2
13.9
11.8
10.6
10.8
10.5
8.2
6.3
7.3
8.2
8.4
8.4
8.9
9.2
8.8
9.1
9.6
9.1
9.5
9.4
8.9
9.1
9.2
8.3
8.9
9.1
9.2
8.9
9.3
9.3
9.6
9.3
9.6
9.1
9.2
8.6
9.3
9.4
9.2
9.3
9.0
8.1
8.5
8.8
8.5
8.6
1945
1946
-24.3
-17.3
-14.2
-5.8
0.8
2.0
2.8
2.0
7.3
8.5
8.1
5.5
9.1
9.6
8.6
9.7
8.1
8.5
8.9
10.1
9.1
11.4
12.2
10.1
8.9
9.2
8.9
6.6
4.8
5.9
6.8
7.0
7.1
7.6
8.0
7.6
8.0
8.5
8.0
8.5
8.4
7.9
8.1
8.2
7.3
8.0
8.2
8.3
8.1
8.4
8.5
8.8
8.5
8.8
8.3
8.5
7.8
8.5
8.6
8.5
8.6
8.3
7.4
7.9
8.1
7.9
8.0
1946
$10
1947
-9.7
-8.6
1.3
8.3
8.2
8.2
6.4
12.0
12.9
12.0
8.8
12.4
12.8
11.4
12.5
10.5
10.9
11.1
12.3
11.1
13.4
14.2
11.9
10.6
10.9
10.5
8.0
6.0
7.1
8.1
8.2
8.3
8.7
9.1
8.6
9.0
9.5
9.0
9.5
9.4
8.8
9.0
9.1
8.2
8.8
9.0
9.2
8.9
9.2
9.3
9.6
9.3
9.6
9.0
9.2
8.5
9.2
9.3
9.2
9.3
9.0
8.0
8.5
8.7
8.5
8.6
1947
1948
-7.5
7.4
15.1
13.2
12.2
9.4
15.6
16.1
14.7
10.8
14.7
14.9
13.3
14.3
12.0
12.3
12.5
13.7
12.3
14.7
15.5
13.0
11.6
11.8
11.4
8.7
6.6
7.7
8.7
8.9
8.9
9.4
9.7
9.2
9.6
10.1
9.6
10.0
9.9
9.3
9.5
9.6
8.6
9.3
9.5
9.6
9.3
9.6
9.7
10.0
9.7
10.0
9.4
9.6
8.9
9.6
9.7
9.5
9.6
9.3
8.3
8.8
9.1
8.8
8.9
1948
$1
1949
24.6
28.3
21.1
17.8
13.1
19.9
19.9
17.8
13.1
17.2
17.2
15.2
16.1
13.5
13.8
13.9
15.1
13.6
16.0
16.8
14.1
12.5
12.7
12.2
9.4
7.2
8.4
9.4
9.5
9.5
10.0
10.3
9.8
10.2
10.6
10.1
10.5
10.4
9.8
10.0
10.0
9.0
9.7
9.9
10.0
9.7
10.0
10.1
10.4
10.1
10.3
9.8
9.9
9.2
9.9
10.0
9.9
9.9
9.6
8.6
9.1
9.4
9.0
9.1
1949
1950
32.2
19.4
15.6
10.4
19.0
19.2
16.9
11.7
16.4
16.4
14.4
15.5
12.7
13.0
13.2
14.5
12.9
15.6
16.4
13.6
12.0
12.2
11.7
8.8
6.6
7.8
8.8
9.0
9.0
9.5
9.9
9.3
9.7
10.3
9.7
10.2
10.1
9.4
9.6
9.7
8.7
9.4
9.6
9.7
9.4
9.7
9.8
10.1
9.8
10.1
9.5
9.6
8.9
9.7
9.8
9.6
9.7
9.4
8.3
8.8
9.1
8.8
8.9
1950
1951
7.9
8.1
4.0
15.9
16.7
14.5
9.1
14.5
14.8
12.7
14.1
11.3
11.7
12.0
13.4
11.8
14.7
15.6
12.7
11.1
11.3
10.9
7.9
5.6
6.9
8.0
8.2
8.3
8.8
9.2
8.7
9.1
9.7
9.1
9.6
9.5
8.9
9.1
9.2
8.1
8.9
9.1
9.2
8.9
9.3
9.4
9.7
9.4
9.7
9.1
9.2
8.5
9.3
9.4
9.2
9.3
9.0
8.0
8.5
8.8
8.5
8.6
1951
D I M E N S I O N A L F U N D A D VI S O R S
$0
1927
1952
8.3
2.1
18.7
19.0
15.9
9.3
15.5
15.7
13.3
14.7
11.6
12.0
12.3
13.8
12.1
15.1
16.1
13.0
11.2
11.5
11.0
7.9
5.5
6.9
8.0
8.2
8.3
8.8
9.3
8.7
9.2
9.7
9.2
9.6
9.5
8.9
9.1
9.2
8.1
8.9
9.1
9.3
8.9
9.3
9.4
9.7
9.4
9.7
9.1
9.3
8.6
9.3
9.4
9.3
9.4
9.1
8.0
8.5
8.8
8.5
8.6
1952
1953
-3.7
24.3
22.8
17.8
9.5
16.8
16.8
13.9
15.4
11.9
12.3
12.6
14.3
12.4
15.6
16.6
13.3
11.4
11.7
11.2
7.9
5.4
6.8
8.0
8.2
8.3
8.9
9.3
8.7
9.2
9.8
9.2
9.7
9.6
8.9
9.1
9.2
8.1
8.9
9.1
9.3
8.9
9.3
9.4
9.7
9.4
9.7
9.1
9.3
8.6
9.3
9.4
9.3
9.4
9.1
8.0
8.5
8.8
8.5
8.6
1953
2012
Data provided by Fama/French.
1954
60.6
38.7
26.1
13.0
21.4
20.6
16.7
18.1
13.8
14.1
14.3
15.9
13.7
17.1
18.1
14.4
12.4
12.6
12.0
8.5
5.8
7.3
8.6
8.7
8.8
9.4
9.8
9.2
9.7
10.2
9.6
10.1
10.0
9.3
9.5
9.6
8.5
9.3
9.5
9.6
9.3
9.7
9.8
10.1
9.7
10.0
9.4
9.6
8.8
9.6
9.7
9.6
9.6
9.3
8.2
8.7
9.0
8.7
8.8
1954
1955
19.9
11.7
0.5
13.2
13.9
10.6
13.0
9.0
9.8
10.4
12.5
10.5
14.3
15.5
11.9
9.9
10.3
9.8
6.3
3.6
5.3
6.6
6.9
7.0
7.7
8.2
7.6
8.2
8.8
8.2
8.8
8.7
8.0
8.3
8.4
7.3
8.2
8.4
8.6
8.2
8.7
8.8
9.1
8.8
9.1
8.5
8.7
7.9
8.7
8.9
8.7
8.8
8.5
7.4
8.0
8.3
8.0
8.1
1955
1956
4.1
-7.9
11.0
12.5
8.9
11.9
7.5
8.6
9.4
11.8
9.7
13.8
15.2
11.3
9.3
9.7
9.2
5.6
2.9
4.6
6.1
6.4
6.5
7.2
7.8
7.2
7.8
8.4
7.9
8.4
8.4
7.7
8.0
8.1
7.0
7.8
8.1
8.3
7.9
8.4
8.5
8.9
8.5
8.9
8.3
8.5
7.7
8.5
8.7
8.5
8.6
8.3
7.2
7.7
8.1
7.8
7.9
1956
1957
-18.5
14.7
15.5
10.1
13.5
8.1
9.3
10.1
12.7
10.3
14.8
16.2
11.9
9.6
10.1
9.5
5.7
2.8
4.6
6.2
6.5
6.6
7.4
7.9
7.3
7.9
8.6
8.0
8.6
8.5
7.8
8.1
8.2
7.1
8.0
8.2
8.4
8.1
8.5
8.6
9.0
8.7
9.0
8.4
8.6
7.8
8.6
8.8
8.6
8.7
8.4
7.2
7.8
8.1
7.8
8.0
1957
1958
61.4
37.4
21.8
23.3
14.4
14.8
15.0
17.4
14.0
18.8
20.0
14.9
12.2
12.5
11.7
7.4
4.2
6.1
7.6
7.9
8.0
8.7
9.2
8.6
9.1
9.8
9.1
9.7
9.6
8.8
9.1
9.2
7.9
8.9
9.1
9.3
8.9
9.3
9.4
9.8
9.4
9.8
9.1
9.3
8.5
9.3
9.4
9.3
9.4
9.0
7.8
8.4
8.7
8.4
8.5
1958
1959
17.0
5.8
12.8
4.9
7.2
8.6
12.1
9.2
14.8
16.5
11.4
8.8
9.4
8.8
4.6
1.4
3.5
5.2
5.6
5.9
6.7
7.3
6.7
7.4
8.1
7.5
8.2
8.1
7.3
7.7
7.8
6.6
7.6
7.8
8.1
7.7
8.2
8.3
8.7
8.4
8.7
8.1
8.3
7.5
8.4
8.5
8.4
8.5
8.2
6.9
7.6
7.9
7.6
7.7
1959
1960
-4.4
10.7
1.2
4.9
7.0
11.4
8.1
14.5
16.4
10.9
8.1
8.8
8.2
3.7
0.4
2.7
4.6
5.0
5.3
6.2
6.9
6.3
7.0
7.8
7.1
7.8
7.8
7.0
7.4
7.5
6.3
7.3
7.6
7.8
7.4
7.9
8.1
8.5
8.1
8.5
7.9
8.1
7.3
8.2
8.3
8.2
8.3
8.0
6.7
7.4
7.7
7.4
7.6
1960
1961
28.2
4.1
8.2
10.1
14.8
10.4
17.5
19.3
12.7
9.4
10.1
9.4
4.4
0.8
3.2
5.2
5.6
5.9
6.8
7.5
6.8
7.5
8.4
7.6
8.4
8.3
7.5
7.8
8.0
6.6
7.7
7.9
8.2
7.8
8.3
8.5
8.9
8.5
8.9
8.2
8.4
7.6
8.5
8.6
8.5
8.6
8.3
7.0
7.6
8.0
7.7
7.8
1961
1962
-15.4
-0.6
4.7
11.7
7.1
15.8
18.1
10.9
7.5
8.4
7.8
2.6
-1.1
1.6
3.8
4.3
4.7
5.7
6.5
5.8
6.6
7.5
6.8
7.6
7.6
6.7
7.1
7.3
6.0
7.1
7.4
7.6
7.2
7.8
8.0
8.4
8.0
8.4
7.7
8.0
7.1
8.1
8.2
8.1
8.2
7.9
6.6
7.2
7.6
7.3
7.4
1962
1963
16.7
16.4
22.5
13.6
23.3
24.8
15.3
10.8
11.5
10.4
4.4
0.2
3.0
5.3
5.8
6.1
7.1
7.9
7.1
7.8
8.8
8.0
8.7
8.6
7.7
8.1
8.2
6.8
7.9
8.2
8.5
8.0
8.6
8.7
9.1
8.7
9.2
8.4
8.6
7.7
8.7
8.9
8.7
8.8
8.5
7.1
7.8
8.2
7.8
7.9
1963
1964
16.1
25.6
12.6
25.0
26.5
15.0
10.0
10.8
9.8
3.3
-1.1
2.0
4.5
5.1
5.4
6.5
7.4
6.6
7.4
8.4
7.6
8.4
8.3
7.4
7.8
7.9
6.5
7.6
7.9
8.2
7.8
8.3
8.5
8.9
8.5
9.0
8.2
8.4
7.5
8.5
8.7
8.5
8.6
8.3
6.9
7.6
8.0
7.6
7.8
1964
1965
35.7
10.9
28.1
29.3
14.8
9.0
10.1
9.0
1.9
-2.7
0.8
3.6
4.3
4.7
5.9
6.8
6.0
6.9
8.0
7.2
8.0
8.0
7.0
7.4
7.6
6.1
7.3
7.6
8.0
7.5
8.1
8.3
8.7
8.3
8.8
8.0
8.2
7.3
8.3
8.5
8.3
8.5
8.1
6.7
7.4
7.8
7.4
7.6
1965
1966
-9.4
24.5
27.2
10.1
4.3
6.3
5.6
-1.7
-6.2
-2.2
1.1
2.0
2.6
4.1
5.1
4.4
5.4
6.6
5.8
6.8
6.8
5.9
6.4
6.6
5.1
6.4
6.7
7.1
6.6
7.3
7.5
7.9
7.6
8.0
7.3
7.5
6.6
7.7
7.9
7.7
7.9
7.5
6.1
6.8
7.3
6.9
7.1
1966
1967
70.9
50.7
17.5
8.0
9.8
8.3
-0.5
-5.9
-1.4
2.2
3.1
3.7
5.2
6.3
5.4
6.4
7.6
6.7
7.7
7.7
6.6
7.1
7.3
5.7
7.0
7.4
7.7
7.3
7.9
8.1
8.6
8.1
8.6
7.8
8.1
7.1
8.2
8.4
8.2
8.3
8.0
6.5
7.2
7.7
7.3
7.5
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
32.8
-2.6
-7.3
-1.7
-1.1
-9.1
-13.5
-7.9
-3.5
-2.0
-0.9
1.0
2.5
1.8
3.1
4.6
3.8
5.0
5.1
4.2
4.8
5.1
3.6
5.0
5.4
5.8
5.4
6.1
6.4
6.9
6.6
7.1
6.3
6.6
5.7
6.8
7.0
6.9
7.1
6.7
5.3
6.1
6.5
6.2
6.4
1968
1969
-28.5
-22.5
-11.1
-8.1
-15.7
-19.5
-12.6
-7.3
-5.2
-3.8
-1.5
0.3
-0.2
1.3
2.9
2.2
3.6
3.7
2.8
3.5
3.9
2.4
3.9
4.4
4.9
4.5
5.3
5.6
6.1
5.8
6.4
5.6
5.9
5.0
6.2
6.4
6.3
6.5
6.1
4.7
5.5
6.0
5.6
5.8
1969
1970
-16.1
-0.9
-0.1
-12.2
-17.6
-9.6
-3.8
-1.8
-0.6
1.7
3.4
2.6
4.0
5.6
4.7
6.0
6.0
4.9
5.6
5.9
4.2
5.7
6.1
6.6
6.1
6.8
7.1
7.6
7.2
7.8
6.9
7.2
6.2
7.4
7.6
7.5
7.6
7.2
5.7
6.5
7.0
6.6
6.8
1970
1971
17.0
9.0
-10.9
-18.0
-8.3
-1.5
0.4
1.6
3.9
5.6
4.5
5.9
7.5
6.4
7.6
7.6
6.3
6.9
7.2
5.3
6.9
7.3
7.7
7.1
7.9
8.1
8.6
8.2
8.7
7.8
8.1
7.0
8.2
8.4
8.2
8.4
7.9
6.4
7.2
7.6
7.2
7.4
1971
1972
1.5
-22.2
-27.1
-13.7
-4.9
-2.1
-0.5
2.4
4.4
3.3
5.0
6.8
5.6
7.0
7.0
5.7
6.4
6.7
4.7
6.4
6.8
7.3
6.7
7.5
7.8
8.3
7.9
8.4
7.5
7.8
6.7
7.9
8.2
8.0
8.1
7.7
6.1
6.9
7.4
7.0
7.2
1972
1973
-40.4
-38.2
-18.3
-6.4
-2.8
-0.8
2.5
4.7
3.5
5.3
7.3
6.0
7.4
7.4
6.0
6.7
7.0
4.9
6.6
7.1
7.6
7.0
7.8
8.0
8.6
8.1
8.7
7.7
8.0
6.9
8.1
8.4
8.2
8.3
7.9
6.2
7.1
7.6
7.1
7.3
1973
1974
-36.0
-4.3
8.8
9.8
9.8
12.2
13.5
10.9
12.2
13.7
11.6
12.8
12.3
10.4
10.9
10.9
8.4
10.1
10.5
10.8
10.0
10.7
10.9
11.4
10.7
11.2
10.1
10.3
9.0
10.3
10.5
10.2
10.3
9.8
8.0
8.8
9.3
8.8
9.0
1974
1975
43.1
41.8
31.4
25.7
25.5
24.9
19.9
20.4
21.3
18.0
18.8
17.7
15.1
15.3
15.1
12.1
13.7
13.9
14.0
13.0
13.7
13.7
14.1
13.3
13.7
12.4
12.6
11.1
12.4
12.5
12.2
12.2
11.6
9.7
10.5
10.9
10.4
10.5
1975
1976
40.5
25.9
20.4
21.5
21.5
16.5
17.4
18.8
15.5
16.6
15.7
13.1
13.4
13.3
10.2
12.1
12.3
12.6
11.6
12.4
12.4
12.9
12.1
12.6
11.4
11.5
10.1
11.4
11.6
11.2
11.3
10.7
8.8
9.7
10.1
9.6
9.7
1976
1977
12.8
11.4
15.7
17.2
12.2
14.0
16.0
12.7
14.2
13.4
10.9
11.4
11.5
8.4
10.4
10.8
11.1
10.2
11.0
11.2
11.7
11.0
11.5
10.3
10.5
9.1
10.5
10.7
10.4
10.5
9.9
7.9
8.8
9.3
8.8
9.0
1977
1978
10.1
17.2
18.7
12.0
14.2
16.5
12.7
14.4
13.5
10.7
11.3
11.3
8.0
10.2
10.6
11.0
10.0
10.9
11.1
11.7
10.9
11.5
10.2
10.4
8.9
10.4
10.6
10.3
10.4
9.8
7.7
8.7
9.2
8.7
8.9
1978
1979
24.8
23.3
12.7
15.2
17.8
13.2
15.0
13.9
10.7
11.4
11.5
7.8
10.2
10.7
11.1
10.0
11.0
11.1
11.8
10.9
11.6
10.2
10.4
8.9
10.4
10.6
10.3
10.4
9.8
7.7
8.7
9.2
8.6
8.8
1979
1980
21.7
7.0
12.2
16.1
11.0
13.5
12.5
9.1
10.0
10.2
6.4
9.1
9.7
10.2
9.1
10.2
10.4
11.1
10.2
10.9
9.5
9.8
8.2
9.8
10.1
9.7
9.9
9.3
7.1
8.2
8.7
8.2
8.4
1980
1981
-5.9
7.7
14.3
8.4
11.9
11.0
7.4
8.7
9.0
5.0
8.0
8.7
9.3
8.3
9.4
9.7
10.5
9.6
10.4
9.0
9.3
7.6
9.4
9.6
9.3
9.5
8.8
6.6
7.7
8.3
7.8
8.0
1981
1982
23.3
26.0
13.7
16.9
14.7
9.8
10.9
11.0
6.3
9.5
10.2
10.7
9.5
10.6
10.8
11.6
10.6
11.4
9.8
10.1
8.3
10.1
10.3
10.0
10.1
9.5
7.1
8.2
8.9
8.2
8.5
1982
1983
28.7 1984
9.1 -7.5 1985
14.8 8.4 27.1 1986
12.7 7.8 16.3 6.5 1987
7.3 2.5 6.0 -3.2 -11.9 1988
9.0 5.4 8.9 3.4 1.9 17.9 1989
9.4 6.4 9.5 5.4 5.1 14.8 11.8 1990
4.3 1.2 2.8 -1.5 -3.4 -0.4 -8.4 -25.0 1991
8.1 5.8 7.8 4.9 4.6 9.2 6.4 3.8 43.6 1992
8.9 6.9 8.9 6.5 6.5 10.6 8.9 7.9 29.4 16.6 1993
9.6 7.9 9.7 7.8 7.9 11.7 10.4 10.1 25.1 16.8 16.9 1994
8.4 6.7 8.2 6.3 6.3 9.2 7.8 7.0 16.9 9.2 5.6 -4.6 1995
9.7 8.3 9.8 8.2 8.4 11.3 10.4 10.1 18.9 13.4 12.4 10.2 27.2 1996
10.0 8.7 10.1 8.7 8.9 11.5 10.8 10.6 18.0 13.5 12.7 11.3 20.3 13.7 1997
10.9 9.7 11.1 9.9 10.2 12.7 12.1 12.2 18.8 15.1 14.8 14.3 21.4 18.6 23.7 1998
9.9 8.7 10.0 8.8 9.0 11.1 10.4 10.3 15.7 12.2 11.5 10.4 14.5 10.6 9.0 -3.9 1999
10.7 9.7 10.9 9.9 10.1 12.2 11.7 11.7 16.7 13.7 13.3 12.7 16.5 14.0 14.1 9.6 25.1 2000
9.1 8.0 9.1 8.0 8.1 9.8 9.2 8.9 13.1 10.1 9.3 8.2 10.5 7.5 6.0 0.7 3.0 -15.1 2001
9.5 8.5 9.5 8.5 8.6 10.3 9.7 9.5 13.3 10.7 10.0 9.2 11.3 8.9 8.0 4.4 7.3 -0.7 16.2 2002
7.6 6.6 7.5 6.4 6.4 7.8 7.1 6.7 9.9 7.3 6.4 5.2 6.5 3.9 2.3 -1.5 -0.9 -8.3 -4.6 -21.7 2003
9.5 8.6 9.6 8.7 8.8 10.2 9.7 9.6 12.8 10.6 10.1 9.4 11.1 9.2 8.6 6.2 8.4 4.6 12.1 10.1 54.9 2004
9.8 8.9 9.8 9.0 9.1 10.5 10.1 10.0 13.0 11.0 10.5 9.9 11.5 9.9 9.4 7.5 9.5 6.7 12.9 11.8 33.7 15.4 2005
9.4 8.6 9.5 8.6 8.8 10.0 9.6 9.5 12.3 10.3 9.8 9.3 10.6 9.1 8.6 6.8 8.4 5.9 10.7 9.3 22.2 8.6 2.1 2006
9.6 8.9 9.7 8.9 9.0 10.3 9.8 9.7 12.4 10.6 10.1 9.6 10.9 9.5 9.1 7.6 9.1 7.0 11.2 10.3 20.1 10.4 8.0 14.2 2007
8.9 8.2 8.9 8.2 8.2 9.4 8.9 8.8 11.2 9.4 8.9 8.4 9.5 8.1 7.6 6.1 7.3 5.2 8.5 7.3 14.3 5.9 2.9 3.4 -6.4 2008
6.6 5.7 6.3 5.5 5.5 6.4 5.8 5.5 7.6 5.7 5.1 4.3 5.0 3.5 2.7 0.9 1.4 -0.9 1.1 -1.0 3.0 -5.1 -9.6 -13.2 -24.3 -38.7 2009
7.7 7.0 7.6 6.9 6.9 7.8 7.4 7.2 9.2 7.5 7.0 6.4 7.2 5.9 5.3 3.9 4.7 2.8 5.0 3.7 8.0 1.7 -0.9 -1.6 -6.4 -6.3 43.1 2010
8.4 7.7 8.3 7.6 7.7 8.6 8.2 8.1 10.0 8.5 8.1 7.6 8.4 7.2 6.8 5.6 6.4 4.9 7.1 6.1 10.3 5.0 3.4 3.6 1.2 3.8 35.2 27.6 2011
7.8 7.1 7.7 7.0 7.0 7.9 7.5 7.3 9.1 7.6 7.2 6.6 7.3 6.2 5.7 4.5 5.2 3.7 5.6 4.6 8.0 3.3 1.7 1.6 -0.8 0.7 18.8 8.3 -8.1 2012
8.0 7.4 7.9 7.3 7.3 8.2 7.8 7.6 9.4 8.0 7.6 7.1 7.8 6.7 6.3 5.2 5.9 4.6 6.4 5.6 8.8 4.6 3.3 3.5 1.8 3.5 18.0 10.6 3.0 15.4
1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
49

27. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
50
1926
13.3
26.1
32.1
20.5
11.0
0.9
1.1
6.5
5.3
8.6
10.6
5.5
7.6
7.0
5.7
3.9
4.3
5.2
5.8
7.0
5.4
5.0
4.9
5.6
6.3
6.7
7.0
6.7
8.1
8.7
8.6
7.8
8.7
8.7
8.4
8.9
8.3
8.7
8.8
8.9
8.3
8.5
8.5
7.9
7.7
7.8
7.9
7.2
6.1
6.5
6.7
6.3
6.2
6.1
6.3
6.0
6.1
6.3
6.3
6.6
6.7
6.6
6.7
7.0
6.7
7.0
7.0
7.0
6.9
7.2
7.4
7.7
7.9
8.0
7.7
7.4
6.9
7.2
7.2
7.1
7.2
7.1
6.4
6.6
6.7
6.6
6.7
1926
1927
40.4
42.7
23.0
10.4
-1.4
-0.8
5.6
4.4
8.1
10.3
4.9
7.1
6.5
5.2
3.3
3.8
4.8
5.4
6.7
5.1
4.7
4.6
5.2
6.0
6.4
6.8
6.5
7.9
8.6
8.4
7.6
8.6
8.6
8.3
8.8
8.2
8.5
8.7
8.7
8.1
8.4
8.4
7.8
7.6
7.6
7.8
7.1
6.0
6.4
6.6
6.2
6.0
6.0
6.2
5.8
6.0
6.2
6.1
6.5
6.6
6.5
6.6
6.9
6.6
6.9
6.9
6.9
6.8
7.1
7.3
7.6
7.8
8.0
7.7
7.3
6.9
7.1
7.1
7.0
7.1
7.0
6.3
6.5
6.6
6.5
6.6
1927
1928
45.0
15.1
1.9
-9.8
-7.5
0.7
0.1
4.7
7.4
1.8
4.5
4.1
2.9
1.1
1.7
2.9
3.6
5.1
3.5
3.1
3.1
3.9
4.7
5.2
5.6
5.3
6.8
7.6
7.5
6.7
7.7
7.7
7.5
8.0
7.4
7.8
8.0
8.0
7.4
7.7
7.7
7.1
6.9
7.0
7.2
6.4
5.3
5.8
6.0
5.6
5.4
5.4
5.6
5.3
5.5
5.7
5.6
6.0
6.1
6.1
6.1
6.4
6.2
6.5
6.4
6.4
6.3
6.7
6.9
7.2
7.4
7.6
7.3
7.0
6.5
6.7
6.7
6.7
6.7
6.7
6.0
6.2
6.2
6.2
6.2
1928
1929
-8.6
-14.5
-23.0
-17.3
-6.4
-5.9
-0.1
3.5
-2.1
1.1
1.0
0.0
-1.7
-0.9
0.5
1.5
3.1
1.5
1.3
1.4
2.2
3.1
3.7
4.2
4.0
5.6
6.4
6.3
5.6
6.6
6.7
6.5
7.0
6.5
6.9
7.1
7.2
6.6
6.9
6.9
6.3
6.1
6.2
6.4
5.7
4.6
5.1
5.3
4.9
4.8
4.8
5.0
4.6
4.9
5.1
5.0
5.4
5.6
5.5
5.6
5.9
5.6
5.9
5.9
5.9
5.8
6.2
6.4
6.7
7.0
7.1
6.8
6.5
6.0
6.3
6.3
6.2
6.3
6.2
5.6
5.8
5.8
5.8
5.9
1929
1930
-20.1
-29.3
-20.0
-5.9
-5.4
1.4
5.3
-1.2
2.3
2.0
0.8
-1.1
-0.2
1.2
2.2
3.9
2.2
1.9
1.9
2.8
3.7
4.3
4.8
4.6
6.2
7.0
6.9
6.1
7.2
7.3
7.0
7.5
7.0
7.3
7.6
7.6
7.0
7.3
7.3
6.7
6.5
6.6
6.8
6.1
4.9
5.4
5.6
5.2
5.1
5.1
5.3
4.9
5.1
5.3
5.3
5.6
5.8
5.8
5.9
6.2
5.9
6.2
6.2
6.2
6.1
6.4
6.6
6.9
7.2
7.4
7.0
6.7
6.2
6.5
6.5
6.4
6.5
6.5
5.7
5.9
6.0
5.9
6.0
1930
1931
-37.4
-20.0
-0.6
-1.3
6.3
10.3
1.8
5.5
4.8
3.2
0.9
1.6
3.1
4.0
5.8
3.7
3.3
3.3
4.2
5.1
5.6
6.1
5.8
7.4
8.3
8.1
7.2
8.3
8.4
8.0
8.6
7.9
8.3
8.5
8.6
7.9
8.2
8.2
7.5
7.3
7.4
7.5
6.8
5.6
6.0
6.3
5.8
5.7
5.6
5.9
5.5
5.7
5.9
5.8
6.2
6.4
6.3
6.4
6.7
6.4
6.7
6.7
6.7
6.5
6.9
7.1
7.4
7.7
7.8
7.5
7.2
6.7
6.9
6.9
6.8
6.9
6.8
6.1
6.3
6.4
6.3
6.4
1931
1932
2.3
25.2
14.8
21.4
23.5
10.4
13.6
11.8
9.1
5.8
6.2
7.4
8.2
9.8
7.3
6.6
6.4
7.2
8.0
8.4
8.8
8.4
10.0
10.8
10.5
9.5
10.5
10.5
10.1
10.6
9.9
10.2
10.3
10.3
9.6
9.9
9.8
9.1
8.8
8.8
9.0
8.1
6.9
7.3
7.5
7.1
6.8
6.8
7.0
6.6
6.8
7.0
6.9
7.2
7.4
7.3
7.4
7.7
7.4
7.6
7.6
7.6
7.4
7.8
8.0
8.3
8.5
8.7
8.3
8.0
7.5
7.7
7.7
7.6
7.7
7.6
6.9
7.0
7.1
7.0
7.1
1932
S&P 500 INDEX
1933
53.2
21.7
28.5
29.4
12.1
15.6
13.2
9.9
6.2
6.6
7.9
8.7
10.4
7.7
6.9
6.6
7.4
8.3
8.8
9.2
8.6
10.4
11.2
10.9
9.8
10.8
10.8
10.4
10.9
10.1
10.4
10.6
10.6
9.8
10.1
10.0
9.3
9.0
9.0
9.1
8.3
7.0
7.4
7.7
7.2
6.9
6.9
7.1
6.7
6.9
7.1
7.0
7.3
7.5
7.4
7.5
7.7
7.4
7.7
7.7
7.7
7.5
7.9
8.1
8.4
8.6
8.8
8.4
8.1
7.5
7.8
7.8
7.7
7.8
7.7
6.9
7.1
7.2
7.1
7.2
1933
1926–2012: Real Returns (%), Inflation-Adjusted
1934
-3.4
17.7
22.4
3.7
9.3
7.7
4.8
1.5
2.4
4.2
5.3
7.4
4.8
4.2
4.1
5.1
6.1
6.7
7.3
6.8
8.7
9.6
9.3
8.3
9.4
9.4
9.0
9.6
8.9
9.2
9.4
9.5
8.7
9.0
8.9
8.2
8.0
8.0
8.2
7.3
6.1
6.5
6.8
6.3
6.1
6.1
6.3
5.9
6.1
6.3
6.2
6.6
6.8
6.7
6.8
7.1
6.8
7.1
7.0
7.0
6.9
7.3
7.5
7.8
8.1
8.2
7.9
7.5
7.0
7.2
7.2
7.2
7.2
7.2
6.4
6.6
6.7
6.6
6.7
1934
1935
43.4
37.7
6.1
12.7
10.0
6.3
2.2
3.1
5.1
6.2
8.5
5.5
4.8
4.7
5.7
6.8
7.4
7.9
7.4
9.3
10.2
9.9
8.8
10.0
10.0
9.5
10.1
9.3
9.7
9.9
9.9
9.1
9.4
9.3
8.6
8.3
8.4
8.5
7.6
6.3
6.8
7.0
6.5
6.3
6.3
6.5
6.1
6.3
6.5
6.4
6.8
7.0
6.9
7.0
7.3
7.0
7.3
7.2
7.2
7.1
7.5
7.7
8.0
8.3
8.4
8.1
7.7
7.2
7.4
7.4
7.3
7.4
7.3
6.5
6.7
6.8
6.7
6.8
1935
1936
32.3
-8.7
4.0
3.0
0.1
-3.4
-1.6
1.1
2.8
5.5
2.6
2.1
2.2
3.4
4.7
5.4
6.1
5.6
7.7
8.8
8.6
7.4
8.7
8.8
8.4
9.0
8.2
8.7
8.9
8.9
8.1
8.5
8.4
7.7
7.4
7.5
7.7
6.8
5.5
6.0
6.3
5.8
5.6
5.6
5.8
5.4
5.6
5.9
5.8
6.2
6.4
6.3
6.4
6.7
6.4
6.7
6.7
6.7
6.6
7.0
7.1
7.5
7.8
7.9
7.6
7.2
6.7
7.0
7.0
6.9
7.0
6.9
6.1
6.3
6.4
6.3
6.4
1936
1937
-37.0
-7.8
-5.3
-6.6
-9.3
-6.4
-2.7
-0.4
2.8
0.0
-0.3
0.0
1.5
3.0
3.8
4.6
4.3
6.5
7.7
7.5
6.4
7.7
7.9
7.5
8.2
7.4
7.9
8.1
8.2
7.4
7.8
7.8
7.0
6.8
6.9
7.1
6.2
4.9
5.4
5.7
5.2
5.0
5.0
5.3
4.8
5.1
5.4
5.3
5.7
5.9
5.8
5.9
6.3
6.0
6.3
6.3
6.3
6.2
6.6
6.8
7.1
7.4
7.6
7.2
6.9
6.3
6.6
6.6
6.5
6.6
6.6
5.8
6.0
6.1
6.0
6.1
1937
GROWTH OF $1
1938
34.9
16.2
6.4
-0.7
1.4
4.5
6.3
9.3
5.3
4.4
4.3
5.6
6.9
7.6
8.2
7.6
9.9
10.9
10.5
9.2
10.5
10.5
10.0
10.6
9.7
10.1
10.3
10.3
9.4
9.8
9.6
8.8
8.5
8.6
8.7
7.8
6.3
6.8
7.1
6.6
6.3
6.3
6.5
6.1
6.3
6.5
6.4
6.8
7.0
6.9
7.0
7.3
7.0
7.3
7.3
7.3
7.1
7.5
7.7
8.1
8.4
8.5
8.1
7.8
7.2
7.5
7.5
7.4
7.5
7.4
6.6
6.8
6.9
6.8
6.8
1938
$100,000
1939
0.1
-5.4
-10.3
-5.6
-0.6
2.1
6.1
2.1
1.5
1.6
3.2
4.9
5.8
6.5
6.0
8.5
9.7
9.3
8.0
9.4
9.5
9.0
9.7
8.8
9.2
9.5
9.5
8.6
9.0
8.9
8.1
7.8
7.8
8.0
7.1
5.6
6.2
6.5
5.9
5.7
5.7
5.9
5.5
5.7
6.0
5.9
6.3
6.5
6.4
6.5
6.9
6.5
6.9
6.8
6.8
6.7
7.1
7.3
7.7
8.0
8.1
7.8
7.4
6.8
7.1
7.1
7.0
7.1
7.0
6.2
6.4
6.5
6.4
6.5
1939
1940
-10.6
-15.1
-7.4
-0.8
2.6
7.2
2.4
1.7
1.8
3.6
5.3
6.2
7.1
6.4
9.0
10.3
9.9
8.5
10.0
10.0
9.4
10.1
9.2
9.6
9.9
9.9
8.9
9.3
9.2
8.3
8.0
8.1
8.3
7.3
5.8
6.3
6.6
6.1
5.9
5.8
6.1
5.6
5.9
6.1
6.0
6.5
6.7
6.5
6.6
7.0
6.7
7.0
7.0
7.0
6.8
7.2
7.4
7.8
8.1
8.3
7.9
7.5
6.9
7.2
7.2
7.1
7.2
7.1
6.3
6.5
6.6
6.5
6.6
1940
$10,000
1941
-19.4
-5.8
2.7
6.1
11.1
4.7
3.6
3.5
5.3
7.1
7.9
8.7
7.9
10.6
11.9
11.3
9.7
11.2
11.2
10.5
11.2
10.2
10.6
10.8
10.8
9.8
10.1
10.0
9.1
8.7
8.8
9.0
7.9
6.3
6.9
7.2
6.6
6.3
6.3
6.6
6.0
6.3
6.5
6.4
6.9
7.1
6.9
7.0
7.4
7.0
7.4
7.3
7.3
7.2
7.6
7.8
8.2
8.5
8.6
8.2
7.8
7.2
7.5
7.5
7.4
7.5
7.4
6.6
6.8
6.9
6.8
6.9
1941
1942
10.1
15.9
16.4
20.4
10.3
8.0
7.2
8.8
10.5
11.1
11.7
10.5
13.3
14.5
13.8
11.8
13.4
13.2
12.4
13.0
11.8
12.2
12.3
12.3
11.1
11.5
11.3
10.3
9.8
9.9
10.0
8.9
7.2
7.8
8.1
7.4
7.1
7.1
7.3
6.8
7.0
7.3
7.1
7.6
7.8
7.6
7.7
8.0
7.7
8.0
7.9
7.9
7.7
8.2
8.4
8.7
9.0
9.2
8.8
8.4
7.7
8.0
8.0
7.9
8.0
7.9
7.0
7.2
7.3
7.2
7.3
1942
$1,000
1943
22.0
19.6
24.0
10.4
7.6
6.7
8.7
10.5
11.2
11.8
10.5
13.6
14.9
14.0
11.9
13.6
13.4
12.5
13.2
11.9
12.3
12.4
12.4
11.2
11.5
11.3
10.3
9.8
9.8
10.0
8.8
7.1
7.7
8.0
7.3
7.0
7.0
7.2
6.7
6.9
7.2
7.1
7.5
7.7
7.5
7.6
8.0
7.6
8.0
7.9
7.9
7.7
8.1
8.3
8.7
9.0
9.2
8.8
8.3
7.7
8.0
8.0
7.9
7.9
7.8
7.0
7.2
7.3
7.2
7.3
1943
1944
17.2
25.1
6.8
4.2
3.9
6.6
9.0
10.0
10.8
9.5
12.9
14.3
13.4
11.3
13.0
12.9
12.0
12.7
11.4
11.9
12.0
11.9
10.7
11.1
10.9
9.8
9.4
9.4
9.6
8.4
6.7
7.3
7.6
6.9
6.6
6.6
6.9
6.3
6.6
6.8
6.7
7.2
7.4
7.2
7.3
7.7
7.3
7.7
7.6
7.6
7.4
7.9
8.1
8.5
8.8
8.9
8.5
8.1
7.5
7.8
7.8
7.7
7.7
7.6
6.7
7.0
7.1
7.0
7.0
1944
$274
$100
1945
33.4
1.9
0.2
0.8
4.6
7.7
9.0
10.0
8.6
12.4
14.0
13.1
10.8
12.7
12.6
11.7
12.5
11.1
11.6
11.8
11.7
10.4
10.8
10.6
9.5
9.1
9.2
9.4
8.1
6.3
7.0
7.3
6.6
6.3
6.3
6.6
6.0
6.3
6.6
6.5
6.9
7.2
7.0
7.1
7.5
7.1
7.5
7.4
7.4
7.3
7.7
7.9
8.3
8.6
8.8
8.4
8.0
7.3
7.6
7.6
7.5
7.6
7.5
6.6
6.8
6.9
6.8
6.9
1945
$10
1946
-22.2
-13.1
-8.1
-1.6
3.1
5.4
7.0
5.9
10.3
12.2
11.4
9.1
11.3
11.2
10.3
11.3
9.9
10.5
10.7
10.7
9.4
9.9
9.7
8.6
8.2
8.3
8.6
7.3
5.5
6.2
6.6
5.9
5.6
5.6
5.9
5.4
5.6
6.0
5.9
6.3
6.6
6.5
6.6
7.0
6.6
7.0
6.9
7.0
6.8
7.3
7.5
7.9
8.2
8.4
8.0
7.6
6.9
7.2
7.2
7.1
7.2
7.1
6.2
6.5
6.6
6.4
6.6
1946
1947
-3.0
-0.2
6.4
10.7
11.9
12.8
10.6
15.2
16.9
15.5
12.5
14.6
14.3
13.1
14.0
12.3
12.8
12.9
12.8
11.3
11.7
11.5
10.2
9.7
9.8
10.0
8.6
6.7
7.3
7.7
6.9
6.6
6.6
6.9
6.3
6.5
6.8
6.7
7.2
7.4
7.3
7.4
7.8
7.4
7.8
7.7
7.7
7.5
8.0
8.2
8.6
8.9
9.1
8.6
8.2
7.5
7.8
7.8
7.7
7.8
7.7
6.7
7.0
7.1
7.0
7.1
1947
$1
1948
2.7
11.5
15.7
16.0
16.3
13.1
18.1
19.7
17.8
14.2
16.4
15.9
14.5
15.3
13.4
13.9
13.9
13.7
12.1
12.5
12.2
10.9
10.3
10.3
10.5
9.1
7.0
7.7
8.1
7.3
7.0
6.9
7.2
6.6
6.8
7.1
7.0
7.5
7.7
7.5
7.6
8.0
7.6
8.0
7.9
7.9
7.7
8.2
8.4
8.8
9.2
9.3
8.9
8.4
7.7
8.0
8.0
7.9
8.0
7.9
6.9
7.2
7.3
7.1
7.2
1948
1949
21.0
22.7
20.8
19.9
15.3
20.9
22.3
19.8
15.6
17.9
17.2
15.5
16.3
14.2
14.6
14.7
14.4
12.7
13.1
12.7
11.3
10.7
10.7
10.8
9.3
7.2
7.9
8.3
7.4
7.1
7.0
7.3
6.7
7.0
7.3
7.1
7.6
7.9
7.7
7.8
8.2
7.7
8.1
8.1
8.0
7.8
8.3
8.5
9.0
9.3
9.4
9.0
8.5
7.8
8.1
8.1
8.0
8.1
8.0
7.0
7.2
7.3
7.2
7.3
1949
1950
24.5
20.8
19.6
13.9
20.9
22.5
19.6
14.9
17.5
16.8
15.0
15.9
13.7
14.2
14.3
14.0
12.2
12.6
12.3
10.8
10.2
10.2
10.4
8.9
6.7
7.4
7.8
7.0
6.7
6.6
6.9
6.3
6.6
6.9
6.7
7.3
7.5
7.3
7.5
7.9
7.4
7.9
7.8
7.8
7.6
8.1
8.3
8.7
9.1
9.2
8.8
8.3
7.6
7.9
7.9
7.8
7.9
7.7
6.8
7.0
7.1
7.0
7.1
1950
D I M E N S I O N A L F U N D A D VI S O R S
$0
1926
1951
17.1
17.2
10.6
20.0
22.1
18.8
13.6
16.7
16.0
14.1
15.2
12.8
13.4
13.6
13.3
11.5
12.0
11.6
10.1
9.5
9.6
9.8
8.2
6.0
6.8
7.2
6.4
6.1
6.0
6.4
5.7
6.0
6.4
6.3
6.8
7.1
6.9
7.0
7.5
7.0
7.5
7.4
7.4
7.2
7.7
8.0
8.4
8.8
8.9
8.5
8.0
7.3
7.6
7.6
7.5
7.6
7.5
6.5
6.7
6.9
6.7
6.8
1951
1952
17.3
7.4
21.0
23.4
19.2
13.0
16.6
15.8
13.8
15.0
12.5
13.1
13.3
13.1
11.1
11.7
11.3
9.8
9.1
9.2
9.5
7.8
5.5
6.4
6.8
6.0
5.7
5.6
6.0
5.3
5.7
6.1
5.9
6.5
6.8
6.6
6.8
7.2
6.8
7.3
7.2
7.2
7.0
7.5
7.8
8.2
8.6
8.8
8.3
7.8
7.1
7.4
7.4
7.3
7.4
7.3
6.3
6.6
6.7
6.6
6.7
1952
2012
Data provided by Standard & Poor’s Index Services Group.
1953
-1.6
22.9
25.5
19.6
12.2
16.5
15.6
13.4
14.7
12.0
12.8
13.0
12.8
10.7
11.3
11.0
9.3
8.7
8.8
9.1
7.4
5.0
5.9
6.4
5.6
5.3
5.2
5.7
5.0
5.3
5.7
5.6
6.2
6.5
6.3
6.5
7.0
6.5
7.0
6.9
6.9
6.7
7.3
7.6
8.0
8.4
8.6
8.1
7.6
6.9
7.2
7.2
7.1
7.2
7.1
6.1
6.4
6.5
6.4
6.5
1953
1954
53.4
41.8
27.7
15.9
20.5
18.7
15.7
16.9
13.6
14.3
14.4
14.0
11.7
12.3
11.9
10.1
9.4
9.4
9.7
7.9
5.4
6.3
6.8
5.9
5.5
5.5
5.9
5.2
5.6
6.0
5.9
6.5
6.8
6.6
6.7
7.2
6.8
7.2
7.2
7.2
7.0
7.5
7.8
8.3
8.6
8.8
8.3
7.8
7.1
7.4
7.4
7.3
7.4
7.3
6.3
6.5
6.7
6.5
6.6
1954
1955
31.1 1956
16.5 3.6 1957
5.5 -5.3 -13.4 1958
13.4 8.1 10.4 40.9 1959
12.8 8.7 10.4 24.7 10.3 1960
10.4 6.7 7.4 15.4 4.5 -1.0 1961
12.5 9.7 10.9 18.0 11.2 11.7 26.0 1962
9.4 6.6 7.2 11.8 5.6 4.0 6.6 -9.8 1963
10.6 8.3 9.0 13.3 8.4 8.0 11.1 4.4 20.8 1964
11.1 9.0 9.8 13.5 9.5 9.4 12.1 7.8 17.9 15.1 1965
11.0 9.2 9.8 13.1 9.6 9.5 11.8 8.4 15.3 12.7 10.3 1966
8.8 6.9 7.3 9.9 6.5 6.0 7.2 3.8 7.5 3.4 -2.0 -13.0 1967
9.6 8.0 8.4 10.9 8.0 7.7 9.0 6.4 9.9 7.4 4.9 2.3 20.3
9.4 7.9 8.2 10.4 7.8 7.5 8.6 6.3 9.3 7.1 5.2 3.6 13.0
7.7 6.1 6.3 8.2 5.6 5.2 5.9 3.6 5.7 3.3 1.1 -1.1 3.3
7.1 5.6 5.8 7.4 5.0 4.5 5.1 3.0 4.7 2.6 0.7 -1.1 2.1
7.3 5.9 6.1 7.6 5.4 5.0 5.6 3.8 5.4 3.6 2.1 0.7 3.7
7.7 6.4 6.6 8.1 6.1 5.8 6.4 4.7 6.3 4.8 3.6 2.7 5.5
5.9 4.7 4.7 6.0 4.0 3.5 3.9 2.2 3.4 1.8 0.4 -0.7 1.2
3.4 2.1 2.0 3.0 1.0 0.4 0.5 -1.2 -0.4 -2.2 -3.8 -5.2 -4.2
4.5 3.3 3.3 4.3 2.5 2.0 2.2 0.7 1.5 0.1 -1.2 -2.3 -1.0
5.0 3.9 4.0 5.0 3.3 2.9 3.1 1.7 2.6 1.3 0.3 -0.6 0.7
4.2 3.1 3.1 4.0 2.3 1.9 2.1 0.7 1.5 0.2 -0.8 -1.7 -0.6
3.9 2.9 2.8 3.7 2.1 1.7 1.8 0.6 1.3 0.1 -0.9 -1.7 -0.7
3.9 2.9 2.9 3.7 2.2 1.8 2.0 0.8 1.4 0.3 -0.6 -1.3 -0.3
4.4 3.5 3.5 4.3 2.9 2.5 2.7 1.6 2.3 1.3 0.5 -0.1 0.8
3.7 2.8 2.8 3.5 2.1 1.8 1.9 0.8 1.4 0.5 -0.3 -1.0 -0.1
4.2 3.3 3.3 4.0 2.7 2.4 2.6 1.6 2.2 1.3 0.5 0.0 0.9
4.6 3.8 3.8 4.5 3.3 3.0 3.2 2.3 2.9 2.0 1.4 0.9 1.8
4.6 3.7 3.7 4.4 3.2 3.0 3.1 2.2 2.8 2.0 1.4 1.0 1.8
5.2 4.5 4.5 5.2 4.1 3.8 4.0 3.2 3.8 3.1 2.5 2.2 3.0
5.6 4.8 4.9 5.6 4.5 4.3 4.5 3.7 4.3 3.7 3.2 2.8 3.7
5.4 4.7 4.7 5.4 4.4 4.2 4.4 3.6 4.2 3.5 3.1 2.7 3.6
5.6 4.9 5.0 5.6 4.6 4.4 4.6 3.9 4.5 3.9 3.4 3.1 3.9
6.1 5.5 5.5 6.2 5.2 5.1 5.3 4.6 5.2 4.6 4.2 4.0 4.8
5.7 5.0 5.1 5.7 4.8 4.6 4.8 4.1 4.6 4.1 3.7 3.4 4.2
6.2 5.6 5.6 6.3 5.4 5.2 5.4 4.8 5.3 4.8 4.5 4.2 5.0
6.2 5.6 5.6 6.2 5.3 5.2 5.4 4.8 5.3 4.8 4.5 4.2 5.0
6.2 5.6 5.7 6.2 5.4 5.2 5.4 4.9 5.4 4.9 4.6 4.4 5.1
6.0 5.4 5.5 6.0 5.2 5.1 5.2 4.7 5.1 4.7 4.4 4.2 4.8
6.6 6.1 6.1 6.7 5.9 5.8 6.0 5.4 5.9 5.5 5.2 5.0 5.7
6.9 6.3 6.4 7.0 6.2 6.1 6.3 5.8 6.3 5.9 5.6 5.5 6.1
7.4 6.9 7.0 7.5 6.8 6.7 6.9 6.4 6.9 6.5 6.3 6.2 6.9
7.8 7.3 7.4 8.0 7.2 7.2 7.4 6.9 7.4 7.1 6.8 6.7 7.4
8.0 7.5 7.6 8.2 7.5 7.4 7.6 7.2 7.7 7.4 7.1 7.1 7.7
7.5 7.1 7.1 7.7 7.0 6.9 7.1 6.7 7.1 6.8 6.6 6.5 7.1
7.0 6.6 6.6 7.1 6.5 6.4 6.6 6.1 6.5 6.2 6.0 5.8 6.4
6.3 5.8 5.9 6.3 5.6 5.5 5.7 5.2 5.7 5.3 5.0 4.9 5.5
6.7 6.2 6.2 6.7 6.1 6.0 6.1 5.7 6.1 5.8 5.5 5.4 6.0
6.7 6.2 6.3 6.7 6.1 6.0 6.2 5.7 6.1 5.8 5.6 5.5 6.0
6.6 6.1 6.2 6.6 6.0 5.9 6.1 5.6 6.0 5.7 5.5 5.4 5.9
6.7 6.2 6.3 6.7 6.1 6.0 6.2 5.8 6.2 5.9 5.7 5.5 6.1
6.6 6.2 6.2 6.6 6.0 5.9 6.1 5.7 6.1 5.8 5.6 5.4 5.9
5.5 5.1 5.1 5.5 4.9 4.8 5.0 4.5 4.9 4.6 4.3 4.2 4.6
5.8 5.4 5.5 5.9 5.3 5.2 5.3 4.9 5.2 4.9 4.7 4.6 5.0
6.0 5.6 5.6 6.0 5.4 5.3 5.4 5.1 5.4 5.1 4.9 4.8 5.2
5.8 5.4 5.5 5.9 5.3 5.2 5.3 4.9 5.3 5.0 4.8 4.6 5.1
6.0 5.6 5.6 6.0 5.4 5.4 5.5 5.1 5.4 5.1 4.9 4.8 5.3
1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
6.1
-4.3
-3.4
-0.1
2.8
-1.7
-7.3
-3.4
-1.2
-2.5
-2.5
-1.9
-0.5
-1.4
-0.3
0.7
0.8
2.1
2.9
2.8
3.2
4.1
3.5
4.4
4.4
4.5
4.3
5.2
5.7
6.4
7.0
7.4
6.7
6.1
5.1
5.6
5.6
5.5
5.7
5.6
4.3
4.7
4.9
4.8
5.0
1968
1969
-13.7
-7.8
-2.0
2.0
-3.2
-9.3
-4.7
-2.1
-3.4
-3.3
-2.6
-1.0
-2.0
-0.8
0.4
0.5
1.9
2.7
2.6
3.1
4.0
3.4
4.3
4.3
4.4
4.2
5.2
5.7
6.4
7.1
7.4
6.7
6.1
5.0
5.6
5.6
5.5
5.7
5.6
4.2
4.7
4.9
4.7
4.9
1969
1970
-1.4
4.4
7.9
-0.4
-8.4
-3.1
-0.3
-2.0
-2.0
-1.4
0.2
-0.9
0.3
1.5
1.5
3.0
3.8
3.6
4.0
5.0
4.3
5.2
5.2
5.3
5.0
6.0
6.5
7.2
7.9
8.2
7.5
6.7
5.7
6.2
6.2
6.1
6.3
6.2
4.7
5.2
5.4
5.2
5.4
1970
1971
10.6
12.8
-0.1
-10.1
-3.5
-0.1
-2.1
-2.1
-1.4
0.4
-0.9
0.5
1.7
1.8
3.3
4.1
3.9
4.3
5.4
4.6
5.6
5.5
5.6
5.3
6.3
6.8
7.6
8.2
8.5
7.8
7.0
5.9
6.5
6.5
6.3
6.5
6.4
4.9
5.3
5.5
5.4
5.6
1971
1972
15.0
-5.0
-16.1
-6.7
-2.2
-4.1
-3.8
-2.8
-0.7
-2.0
-0.4
1.0
1.1
2.8
3.7
3.5
4.0
5.1
4.3
5.3
5.3
5.4
5.1
6.1
6.6
7.5
8.1
8.5
7.7
6.9
5.7
6.3
6.4
6.2
6.4
6.3
4.8
5.2
5.4
5.2
5.5
1972
1973
-21.6
-28.3
-13.0
-6.1
-7.5
-6.6
-5.1
-2.5
-3.7
-1.8
-0.2
0.0
1.9
2.9
2.8
3.3
4.5
3.7
4.8
4.8
4.9
4.6
5.8
6.3
7.2
7.9
8.2
7.4
6.6
5.4
6.1
6.1
6.0
6.2
6.0
4.5
5.0
5.2
5.0
5.2
1973
1974
-34.5
-8.3
-0.2
-3.6
-3.3
-2.1
0.5
-1.2
0.6
2.3
2.3
4.1
5.1
4.8
5.2
6.4
5.5
6.5
6.4
6.5
6.1
7.2
7.7
8.6
9.2
9.6
8.7
7.8
6.5
7.1
7.1
7.0
7.1
7.0
5.3
5.8
6.0
5.8
6.0
1974
1975
28.2
23.1
9.6
6.5
6.1
8.0
4.7
6.2
7.4
6.9
8.6
9.3
8.6
8.9
9.9
8.6
9.6
9.3
9.2
8.7
9.7
10.1
11.0
11.6
11.8
10.8
9.8
8.4
9.0
8.9
8.7
8.8
8.6
6.8
7.3
7.4
7.2
7.4
1975
1976
18.2
1.3
0.1
1.2
4.3
1.3
3.4
5.1
4.8
6.8
7.7
7.1
7.5
8.7
7.4
8.5
8.3
8.2
7.7
8.9
9.4
10.3
10.9
11.2
10.2
9.2
7.7
8.3
8.3
8.1
8.2
8.0
6.2
6.7
6.9
6.7
6.9
1976
1977
-13.1
-7.8
-3.9
1.1
-1.8
1.1
3.4
3.2
5.6
6.7
6.2
6.6
8.0
6.7
7.9
7.7
7.7
7.2
8.4
8.9
9.9
10.6
10.9
9.8
8.8
7.3
8.0
8.0
7.7
7.9
7.7
5.9
6.4
6.6
6.3
6.6
1977
1978
-2.3
1.1
6.4
1.2
4.2
6.4
5.8
8.2
9.2
8.3
8.6
10.0
8.4
9.6
9.3
9.1
8.5
9.8
10.2
11.2
11.9
12.1
11.0
9.8
8.2
8.9
8.8
8.6
8.7
8.4
6.6
7.0
7.2
7.0
7.2
1978
1979
4.5
11.0
2.4
5.9
8.2
7.2
9.8
10.7
9.6
9.8
11.2
9.4
10.6
10.1
9.9
9.2
10.5
11.0
12.0
12.6
12.9
11.6
10.4
8.7
9.4
9.3
9.0
9.1
8.8
6.9
7.4
7.5
7.3
7.5
1979
1980
17.8
1.4
6.3
9.1
7.7
10.8
11.6
10.2
10.4
11.8
9.8
11.1
10.6
10.3
9.5
10.9
11.4
12.4
13.1
13.3
12.0
10.7
8.9
9.6
9.5
9.1
9.3
9.0
6.9
7.5
7.6
7.4
7.6
1980
1981
-12.7
1.0
6.4
5.3
9.4
10.7
9.2
9.5
11.2
9.0
10.5
10.0
9.8
8.9
10.5
11.0
12.1
12.8
13.1
11.7
10.3
8.5
9.2
9.1
8.8
9.0
8.7
6.6
7.1
7.3
7.0
7.3
1981
1982
16.9
17.5
12.1
15.8
16.0
13.3
13.1
14.6
11.8
13.2
12.3
11.9
10.8
12.3
12.8
13.8
14.5
14.7
13.1
11.6
9.6
10.3
10.2
9.8
9.9
9.6
7.4
7.9
8.1
7.8
8.0
1982
1983
18.0
9.8
15.4
15.8
12.6
12.5
14.3
11.1
12.8
11.9
11.5
10.3
12.0
12.5
13.6
14.4
14.6
12.9
11.4
9.3
10.0
9.9
9.5
9.7
9.3
7.0
7.6
7.8
7.5
7.7
1983
1984
2.2
14.1
15.1
11.3
11.4
13.7
10.2
12.1
11.2
10.8
9.7
11.5
12.1
13.3
14.2
14.4
12.6
11.0
8.8
9.6
9.5
9.2
9.3
9.0
6.6
7.2
7.4
7.1
7.3
1984
1985
27.4
22.1
14.6
13.9
16.1
11.6
13.6
12.4
11.8
10.4
12.4
12.9
14.2
15.1
15.3
13.3
11.6
9.2
10.1
9.9
9.5
9.7
9.3
6.8
7.4
7.6
7.3
7.5
1985
1986
17.1
8.7
9.7
13.5
8.7
11.5
10.4
10.0
8.7
11.0
11.7
13.2
14.2
14.4
12.4
10.6
8.2
9.2
9.1
8.7
8.9
8.5
6.0
6.6
6.9
6.6
6.9
1986
1987
0.8
6.2
12.3
6.7
10.4
9.4
9.0
7.7
10.3
11.2
12.9
13.9
14.2
12.1
10.2
7.7
8.7
8.6
8.2
8.5
8.1
5.5
6.2
6.5
6.2
6.5
1987
1988
11.9
18.6
8.7
12.9
11.2
10.5
8.7
11.6
12.4
14.1
15.2
15.4
13.0
10.9
8.2
9.2
9.1
8.7
8.9
8.5
5.7
6.5
6.8
6.4
6.7
1988
1989
25.7
7.1
13.3
11.0
10.2
8.2
11.6
12.5
14.4
15.6
15.8
13.1
10.9
7.9
9.1
8.9
8.5
8.7
8.3
5.4
6.2
6.5
6.2
6.5
1989
1990
-8.7
7.5
6.5
6.6
5.0
9.4
10.7
13.1
14.5
14.8
12.1
9.7
6.7
8.0
7.9
7.5
7.8
7.4
4.5
5.3
5.7
5.4
5.7
1990
1991
26.6
15.0
12.3
8.7
13.4
14.3
16.6
17.8
17.8
14.4
11.5
8.0
9.4
9.2
8.7
8.9
8.5
5.2
6.1
6.5
6.1
6.5
1991
1992
4.5
5.8
3.4
10.3
12.0
15.0
16.6
16.7
13.1
10.1
6.5
8.0
8.0
7.5
7.8
7.4
4.1
5.1
5.5
5.2
5.6
1992
MATR IX BOOK 2013
1993
7.1
2.8
12.3
13.9
17.2
18.7
18.6
14.2
10.8
6.7
8.4
8.3
7.7
8.1
7.6
4.1
5.1
5.6
5.2
5.6
1993
1994
-1.3
15.0
16.3
19.9
21.2
20.6
15.3
11.3
6.7
8.5
8.4
7.8
8.2
7.7
3.9
5.0
5.5
5.1
5.6
1994
1995
34.0
26.3
27.9
27.5
25.5
18.3
13.2
7.7
9.6
9.4
8.7
9.0
8.4
4.3
5.4
5.9
5.5
6.0
1995
1996
19.0
24.9
25.5
23.5
15.4
10.0
4.4
6.9
7.0
6.4
7.0
6.5
2.3
3.6
4.3
3.9
4.5
1996
1997
31.1
28.8
25.1
14.5
8.3
2.1
5.3
5.5
5.1
5.8
5.4
1.0
2.5
3.3
3.0
3.7
1997
1998
26.6
22.1
9.5
3.3
-2.8
1.5
2.3
2.2
3.4
3.2
-1.4
0.5
1.4
1.2
2.0
1998
1999
17.9
1.8
-3.5
-9.1
-2.9
-1.2
-0.9
0.8
0.8
-3.8
-1.6
-0.5
-0.5
0.5
1999
2000
-12.1
-12.7
-16.6
-7.5
-4.7
-3.7
-1.5
-1.1
-6.0
-3.4
-2.0
-1.9
-0.7
2000
2001
-13.2
-18.8
-5.9
-2.7
-1.9
0.4
0.6
-5.2
-2.4
-0.9
-0.9
0.3
2001
2002
-23.9
-2.0
1.1
1.2
3.4
3.1
-4.0
-0.9
0.6
0.4
1.6
2002
2003
26.3
16.5
11.2
11.6
9.5
-0.1
2.9
4.1
3.6
4.6
2003
2004
7.4
4.4
7.1
5.7
-4.7
-0.6
1.3
1.0
2.4
2004
2005
1.4
7.0
5.1
-7.5
-2.1
0.3
0.2
1.8
2005
2006
12.9
7.0
-10.4
-3.0
0.1
0.0
1.9
2006
2007
1.4
-20.1
-7.7
-2.9
-2.5
0.1
2007
2008
-37.1
-12.0
-4.2
-3.4
-0.1
2008
2009
23.1 2010
18.1 13.4 2011
11.4 6.0 -0.8 2012
12.1 8.6 6.3 14.0
2009 2010 2011 2012
51

28. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
52
1926
9.4
10.3
7.1
6.1
7.2
6.7
9.8
8.5
8.4
7.7
7.6
6.7
6.8
6.8
6.7
5.7
5.0
4.7
4.4
4.6
3.6
2.9
2.8
3.0
2.7
2.2
2.1
2.1
2.3
2.2
1.8
1.9
1.6
1.4
1.7
1.7
1.8
1.7
1.8
1.7
1.6
1.3
1.2
0.9
1.0
1.2
1.2
1.0
0.8
0.8
1.0
0.9
0.7
0.4
0.1
0.0
0.5
0.4
0.6
1.0
1.3
1.2
1.2
1.4
1.4
1.6
1.7
1.8
1.7
2.0
1.9
2.1
2.2
2.0
2.2
2.2
2.3
2.3
2.3
2.4
2.3
2.4
2.6
2.4
2.4
2.7
2.6
1926
1927
11.3
6.0
5.1
6.6
6.2
9.9
8.3
8.3
7.5
7.4
6.4
6.6
6.6
6.5
5.5
4.7
4.4
4.2
4.4
3.3
2.6
2.5
2.7
2.4
1.9
1.8
1.9
2.1
1.9
1.6
1.7
1.4
1.2
1.5
1.5
1.6
1.5
1.6
1.5
1.5
1.1
1.0
0.7
0.8
1.0
1.0
0.8
0.6
0.7
0.9
0.7
0.5
0.2
-0.1
-0.2
0.3
0.3
0.5
0.9
1.2
1.1
1.1
1.3
1.3
1.5
1.6
1.7
1.6
1.9
1.8
2.0
2.1
1.9
2.1
2.1
2.3
2.2
2.3
2.3
2.2
2.3
2.5
2.3
2.3
2.6
2.6
1927
1928
1.1
2.1
5.1
5.0
9.6
7.9
7.8
7.1
7.0
6.0
6.2
6.2
6.1
5.1
4.3
4.0
3.8
4.0
2.9
2.2
2.1
2.4
2.0
1.5
1.5
1.5
1.8
1.6
1.3
1.4
1.1
0.9
1.2
1.2
1.3
1.3
1.3
1.2
1.2
0.9
0.7
0.4
0.6
0.8
0.8
0.6
0.4
0.4
0.7
0.5
0.3
0.0
-0.3
-0.4
0.2
0.1
0.3
0.7
1.0
0.9
1.0
1.1
1.1
1.3
1.4
1.6
1.4
1.8
1.7
1.8
2.0
1.8
2.0
2.0
2.1
2.1
2.1
2.2
2.1
2.2
2.4
2.2
2.2
2.5
2.5
1928
1929
3.2
7.2
6.3
11.9
9.3
9.0
8.0
7.8
6.5
6.7
6.7
6.6
5.4
4.6
4.2
3.9
4.2
3.0
2.2
2.1
2.4
2.1
1.5
1.5
1.5
1.8
1.7
1.3
1.4
1.1
0.9
1.2
1.2
1.3
1.3
1.3
1.2
1.2
0.9
0.7
0.4
0.6
0.8
0.8
0.6
0.4
0.4
0.6
0.5
0.3
0.0
-0.3
-0.4
0.1
0.1
0.3
0.7
1.0
0.9
1.0
1.1
1.1
1.3
1.4
1.6
1.4
1.8
1.7
1.9
2.0
1.8
2.0
2.0
2.2
2.1
2.2
2.2
2.1
2.2
2.4
2.2
2.3
2.5
2.5
1929
1930
11.4
8.0
14.9
10.8
10.2
8.8
8.4
7.0
7.1
7.1
6.9
5.6
4.7
4.2
4.0
4.3
3.0
2.2
2.1
2.4
2.0
1.5
1.4
1.5
1.7
1.6
1.2
1.3
1.0
0.8
1.2
1.1
1.3
1.2
1.3
1.2
1.2
0.8
0.7
0.4
0.5
0.7
0.7
0.5
0.3
0.4
0.6
0.4
0.2
-0.1
-0.4
-0.5
0.1
0.0
0.2
0.6
1.0
0.8
0.9
1.1
1.1
1.3
1.4
1.6
1.4
1.8
1.7
1.8
2.0
1.8
2.0
2.0
2.1
2.1
2.1
2.2
2.1
2.2
2.4
2.2
2.2
2.5
2.5
1930
1931
4.6
16.7
10.7
9.9
8.3
7.9
6.3
6.6
6.6
6.4
5.0
4.1
3.7
3.5
3.8
2.5
1.7
1.6
1.9
1.6
1.0
1.0
1.1
1.3
1.2
0.8
1.0
0.6
0.5
0.9
0.8
1.0
0.9
1.0
0.9
0.9
0.5
0.4
0.1
0.2
0.5
0.5
0.3
0.1
0.1
0.4
0.2
0.0
-0.3
-0.6
-0.7
-0.1
-0.2
0.0
0.4
0.8
0.7
0.7
0.9
0.9
1.2
1.2
1.4
1.2
1.6
1.5
1.7
1.8
1.6
1.8
1.8
2.0
2.0
2.0
2.1
2.0
2.1
2.3
2.1
2.1
2.4
2.4
1931
1932
30.3
13.8
11.8
9.2
8.6
6.6
6.9
6.8
6.6
5.1
4.1
3.6
3.4
3.7
2.3
1.5
1.4
1.8
1.4
0.8
0.8
0.9
1.2
1.1
0.7
0.8
0.5
0.3
0.7
0.7
0.9
0.8
0.9
0.8
0.8
0.4
0.3
0.0
0.1
0.4
0.4
0.2
0.0
0.0
0.3
0.1
-0.1
-0.4
-0.7
-0.8
-0.2
-0.3
-0.1
0.4
0.7
0.6
0.7
0.9
0.9
1.1
1.2
1.4
1.2
1.6
1.5
1.7
1.8
1.6
1.8
1.8
2.0
1.9
2.0
2.0
2.0
2.0
2.3
2.0
2.1
2.4
2.3
1932
1933
-0.6
3.5
3.0
3.8
2.4
3.4
3.9
4.0
2.6
1.8
1.5
1.4
1.9
0.6
-0.2
-0.2
0.3
0.0
-0.5
-0.5
-0.3
0.0
0.0
-0.4
-0.2
-0.5
-0.6
-0.2
-0.2
0.0
0.0
0.1
0.0
0.0
-0.3
-0.5
-0.7
-0.6
-0.3
-0.3
-0.5
-0.6
-0.6
-0.3
-0.5
-0.7
-0.9
-1.3
-1.4
-0.7
-0.8
-0.6
-0.1
0.3
0.1
0.2
0.4
0.4
0.7
0.8
1.0
0.8
1.2
1.1
1.3
1.4
1.2
1.4
1.4
1.6
1.6
1.6
1.7
1.6
1.7
2.0
1.7
1.8
2.0
2.0
1933
1934
7.8
4.8
5.3
3.2
4.3
4.6
4.7
3.0
2.0
1.7
1.6
2.2
0.7
-0.2
-0.1
0.4
0.0
-0.5
-0.5
-0.3
0.1
0.0
-0.4
-0.2
-0.5
-0.6
-0.2
-0.2
0.0
0.0
0.1
0.0
0.1
-0.3
-0.4
-0.7
-0.6
-0.3
-0.2
-0.5
-0.6
-0.6
-0.3
-0.5
-0.7
-1.0
-1.3
-1.4
-0.7
-0.8
-0.6
-0.1
0.3
0.1
0.2
0.4
0.4
0.7
0.8
1.0
0.8
1.2
1.1
1.3
1.4
1.2
1.5
1.5
1.7
1.6
1.7
1.7
1.7
1.7
2.0
1.7
1.8
2.1
2.1
1934
LONG-TERM
GOVERNMENT BONDS
1935
1.9
4.1
1.7
3.4
4.0
4.2
2.3
1.3
1.0
1.0
1.7
0.1
-0.8
-0.7
-0.1
-0.4
-1.0
-0.9
-0.7
-0.3
-0.4
-0.7
-0.5
-0.8
-0.9
-0.5
-0.4
-0.2
-0.2
-0.2
-0.2
-0.2
-0.6
-0.7
-1.0
-0.8
-0.5
-0.4
-0.7
-0.8
-0.8
-0.5
-0.7
-0.9
-1.1
-1.5
-1.6
-0.9
-1.0
-0.7
-0.3
0.1
0.0
0.1
0.3
0.3
0.6
0.7
0.9
0.7
1.1
1.0
1.2
1.3
1.1
1.4
1.4
1.6
1.5
1.6
1.6
1.6
1.6
1.9
1.7
1.7
2.0
2.0
1935
1926–2012: Real Returns (%), Inflation-Adjusted
1936
6.2
1.6
3.9
4.5
4.6
2.4
1.2
0.9
0.9
1.6
-0.1
-1.0
-0.9
-0.2
-0.6
-1.2
-1.1
-0.8
-0.4
-0.5
-0.9
-0.6
-1.0
-1.1
-0.6
-0.5
-0.3
-0.3
-0.2
-0.3
-0.2
-0.6
-0.8
-1.1
-0.9
-0.6
-0.5
-0.7
-0.9
-0.8
-0.6
-0.7
-0.9
-1.2
-1.5
-1.6
-1.0
-1.0
-0.8
-0.3
0.1
0.0
0.1
0.3
0.3
0.5
0.6
0.9
0.7
1.1
1.0
1.2
1.3
1.1
1.4
1.4
1.6
1.5
1.6
1.6
1.6
1.6
1.9
1.6
1.7
2.0
2.0
1936
1937
-2.8
2.7
3.9
4.2
1.7
0.4
0.2
0.3
1.1
-0.7
-1.6
-1.4
-0.7
-1.1
-1.6
-1.5
-1.3
-0.8
-0.8
-1.2
-0.9
-1.3
-1.4
-0.8
-0.8
-0.6
-0.6
-0.5
-0.5
-0.5
-0.8
-1.0
-1.3
-1.1
-0.8
-0.7
-0.9
-1.1
-1.0
-0.7
-0.9
-1.1
-1.4
-1.7
-1.8
-1.1
-1.2
-0.9
-0.4
0.0
-0.2
-0.1
0.2
0.2
0.4
0.5
0.8
0.6
1.0
0.9
1.1
1.3
1.0
1.3
1.3
1.5
1.5
1.5
1.6
1.5
1.6
1.9
1.6
1.7
2.0
1.9
1937
1938
8.5
7.5
6.7
2.8
1.1
0.7
0.7
1.6
-0.4
-1.5
-1.3
-0.5
-0.9
-1.5
-1.4
-1.2
-0.7
-0.7
-1.1
-0.9
-1.2
-1.3
-0.8
-0.7
-0.5
-0.5
-0.4
-0.4
-0.4
-0.8
-0.9
-1.2
-1.0
-0.7
-0.6
-0.9
-1.0
-1.0
-0.7
-0.8
-1.0
-1.3
-1.7
-1.8
-1.1
-1.1
-0.9
-0.4
0.0
-0.1
0.0
0.2
0.2
0.5
0.6
0.8
0.6
1.1
1.0
1.2
1.3
1.1
1.4
1.4
1.6
1.5
1.6
1.6
1.6
1.6
1.9
1.6
1.7
2.0
2.0
1938
GROWTH OF $1
1939
6.5
5.8
1.0
-0.7
-0.8
-0.5
0.7
-1.5
-2.6
-2.2
-1.3
-1.7
-2.3
-2.1
-1.8
-1.2
-1.2
-1.6
-1.3
-1.7
-1.8
-1.2
-1.1
-0.8
-0.8
-0.7
-0.7
-0.7
-1.1
-1.2
-1.5
-1.3
-1.0
-0.9
-1.1
-1.3
-1.2
-0.9
-1.1
-1.3
-1.6
-1.9
-2.0
-1.3
-1.3
-1.1
-0.6
-0.1
-0.3
-0.2
0.1
0.1
0.4
0.5
0.7
0.5
0.9
0.8
1.1
1.2
1.0
1.2
1.3
1.5
1.4
1.5
1.5
1.5
1.5
1.8
1.6
1.6
1.9
1.9
1939
$100,000
1940
5.1
-1.7
-3.0
-2.5
-1.9
-0.3
-2.6
-3.6
-3.2
-2.1
-2.4
-3.0
-2.7
-2.3
-1.7
-1.7
-2.1
-1.7
-2.1
-2.1
-1.5
-1.4
-1.1
-1.1
-1.0
-1.0
-0.9
-1.3
-1.5
-1.8
-1.5
-1.2
-1.1
-1.3
-1.5
-1.4
-1.1
-1.2
-1.5
-1.8
-2.1
-2.2
-1.5
-1.5
-1.2
-0.7
-0.3
-0.4
-0.3
0.0
0.0
0.2
0.3
0.6
0.4
0.8
0.7
1.0
1.1
0.9
1.2
1.2
1.4
1.4
1.4
1.5
1.4
1.5
1.8
1.5
1.6
1.9
1.9
1940
1941
-8.0
-6.8
-4.9
-3.6
-1.3
-3.8
-4.8
-4.2
-2.8
-3.1
-3.7
-3.3
-2.9
-2.2
-2.1
-2.5
-2.1
-2.4
-2.5
-1.8
-1.7
-1.4
-1.4
-1.2
-1.2
-1.2
-1.6
-1.7
-2.0
-1.7
-1.4
-1.3
-1.5
-1.7
-1.6
-1.3
-1.4
-1.6
-1.9
-2.3
-2.4
-1.6
-1.7
-1.4
-0.8
-0.4
-0.5
-0.4
-0.1
-0.1
0.1
0.3
0.5
0.3
0.8
0.7
0.9
1.1
0.8
1.1
1.1
1.3
1.3
1.4
1.4
1.4
1.4
1.7
1.4
1.5
1.8
1.8
1941
$10,000
1942
-5.6
-3.3
-2.0
0.5
-2.9
-4.3
-3.6
-2.2
-2.5
-3.2
-2.9
-2.4
-1.7
-1.7
-2.1
-1.7
-2.1
-2.2
-1.5
-1.4
-1.1
-1.1
-0.9
-0.9
-0.9
-1.3
-1.5
-1.8
-1.5
-1.2
-1.1
-1.3
-1.5
-1.4
-1.1
-1.2
-1.5
-1.8
-2.1
-2.2
-1.5
-1.5
-1.2
-0.7
-0.2
-0.3
-0.2
0.0
0.0
0.3
0.4
0.7
0.5
0.9
0.8
1.1
1.2
1.0
1.3
1.3
1.5
1.5
1.5
1.6
1.5
1.6
1.9
1.6
1.7
2.0
2.0
1942
1943
-1.1
-0.2
2.6
-2.3
-4.0
-3.3
-1.7
-2.1
-3.0
-2.6
-2.1
-1.4
-1.4
-1.9
-1.5
-1.9
-2.0
-1.3
-1.2
-0.9
-0.8
-0.7
-0.7
-0.7
-1.1
-1.3
-1.6
-1.4
-1.0
-0.9
-1.2
-1.4
-1.3
-0.9
-1.1
-1.3
-1.7
-2.0
-2.1
-1.4
-1.4
-1.1
-0.6
-0.1
-0.2
-0.1
0.1
0.1
0.4
0.6
0.8
0.6
1.1
1.0
1.2
1.4
1.1
1.4
1.4
1.6
1.6
1.6
1.7
1.6
1.7
2.0
1.7
1.8
2.1
2.1
1943
$1,000
1944
0.7
4.4
-2.7
-4.7
-3.7
-1.8
-2.3
-3.2
-2.8
-2.3
-1.4
-1.4
-1.9
-1.5
-1.9
-2.1
-1.3
-1.2
-0.8
-0.8
-0.7
-0.7
-0.7
-1.2
-1.3
-1.7
-1.4
-1.0
-0.9
-1.2
-1.4
-1.3
-0.9
-1.1
-1.3
-1.7
-2.1
-2.2
-1.4
-1.4
-1.1
-0.5
0.0
-0.2
-0.1
0.2
0.2
0.5
0.6
0.9
0.6
1.1
1.0
1.2
1.4
1.2
1.4
1.4
1.7
1.6
1.7
1.7
1.7
1.7
2.1
1.7
1.8
2.1
2.1
1944
1945
8.3
-4.3
-6.5
-4.7
-2.2
-2.8
-3.7
-3.2
-2.6
-1.6
-1.6
-2.2
-1.7
-2.1
-2.2
-1.4
-1.3
-0.9
-0.9
-0.7
-0.8
-0.7
-1.2
-1.4
-1.8
-1.5
-1.1
-1.0
-1.3
-1.5
-1.3
-1.0
-1.2
-1.4
-1.8
-2.1
-2.3
-1.4
-1.5
-1.2
-0.6
-0.1
-0.2
-0.1
0.2
0.2
0.5
0.6
0.9
0.6
1.1
1.0
1.2
1.4
1.2
1.4
1.4
1.7
1.6
1.7
1.7
1.7
1.7
2.1
1.7
1.8
2.2
2.1
1945
$100
1946
-15.5
-13.1
-8.7
-4.7
-4.9
-5.6
-4.8
-3.9
-2.6
-2.5
-3.1
-2.5
-2.9
-2.9
-2.0
-1.9
-1.4
-1.4
-1.2
-1.2
-1.1
-1.6
-1.8
-2.2
-1.8
-1.4
-1.3
-1.6
-1.8
-1.6
-1.3
-1.4
-1.7
-2.0
-2.4
-2.5
-1.7
-1.7
-1.4
-0.8
-0.3
-0.4
-0.3
0.0
0.0
0.3
0.4
0.7
0.5
1.0
0.9
1.1
1.3
1.0
1.3
1.3
1.6
1.5
1.6
1.6
1.6
1.6
2.0
1.6
1.8
2.1
2.1
1946
$10
1947
-10.7
-5.2
-0.9
-2.0
-3.5
-2.9
-2.1
-0.9
-1.0
-1.7
-1.2
-1.8
-1.9
-1.0
-0.9
-0.5
-0.5
-0.3
-0.4
-0.4
-0.9
-1.1
-1.5
-1.2
-0.8
-0.7
-1.0
-1.2
-1.1
-0.7
-0.9
-1.2
-1.6
-2.0
-2.1
-1.3
-1.3
-1.0
-0.4
0.2
0.0
0.1
0.4
0.4
0.7
0.8
1.1
0.8
1.3
1.2
1.5
1.6
1.4
1.7
1.7
1.9
1.8
1.9
1.9
1.9
1.9
2.3
1.9
2.0
2.4
2.3
1947
1948
0.7
4.5
1.1
-1.6
-1.3
-0.6
0.6
0.3
-0.7
-0.2
-0.9
-1.1
-0.2
-0.1
0.2
0.2
0.3
0.2
0.2
-0.4
-0.6
-1.1
-0.8
-0.4
-0.3
-0.6
-0.9
-0.8
-0.4
-0.6
-0.9
-1.3
-1.7
-1.9
-1.0
-1.0
-0.7
-0.1
0.4
0.3
0.4
0.7
0.6
1.0
1.1
1.4
1.1
1.6
1.5
1.7
1.9
1.6
1.9
1.9
2.1
2.1
2.1
2.2
2.1
2.2
2.5
2.2
2.3
2.6
2.6
1948
$9.68
$1
1949
8.4
1.2
-2.4
-1.7
-0.8
0.6
0.2
-0.9
-0.3
-1.1
-1.3
-0.3
-0.2
0.2
0.2
0.3
0.2
0.2
-0.5
-0.7
-1.2
-0.9
-0.4
-0.3
-0.7
-0.9
-0.8
-0.4
-0.6
-1.0
-1.4
-1.8
-1.9
-1.0
-1.1
-0.8
-0.1
0.4
0.2
0.4
0.7
0.6
1.0
1.1
1.4
1.1
1.6
1.5
1.7
1.9
1.6
1.9
1.9
2.2
2.1
2.2
2.2
2.1
2.2
2.5
2.2
2.3
2.6
2.6
1949
1950
-5.4
-7.4
-4.9
-3.0
-0.9
-1.0
-2.1
-1.3
-2.1
-2.2
-1.0
-0.9
-0.4
-0.4
-0.2
-0.3
-0.3
-0.9
-1.1
-1.6
-1.3
-0.8
-0.7
-1.0
-1.3
-1.2
-0.7
-1.0
-1.3
-1.7
-2.1
-2.3
-1.3
-1.3
-1.0
-0.3
0.2
0.0
0.2
0.5
0.5
0.8
0.9
1.2
1.0
1.5
1.4
1.6
1.8
1.5
1.8
1.8
2.0
2.0
2.1
2.1
2.0
2.1
2.5
2.1
2.2
2.5
2.5
1950
D I M E N S I O N A L F U N D A D VI S O R S
1951
-9.3
-4.6
-2.2
0.2
-0.1
-1.5
-0.7
-1.6
-1.9
-0.5
-0.5
0.0
0.0
0.1
0.1
0.1
-0.7
-0.9
-1.4
-1.1
-0.6
-0.5
-0.9
-1.1
-1.0
-0.5
-0.8
-1.1
-1.5
-2.0
-2.1
-1.2
-1.2
-0.9
-0.2
0.4
0.2
0.3
0.6
0.6
1.0
1.1
1.4
1.1
1.6
1.5
1.8
1.9
1.7
2.0
2.0
2.2
2.1
2.2
2.2
2.2
2.2
2.6
2.2
2.3
2.7
2.6
1951
$0
1926
1952
0.3
1.6
3.6
2.3
0.1
0.8
-0.5
-0.9
0.5
0.5
0.9
0.8
0.9
0.8
0.7
-0.1
-0.4
-1.0
-0.6
-0.1
0.0
-0.5
-0.7
-0.6
-0.2
-0.4
-0.8
-1.2
-1.7
-1.9
-0.9
-0.9
-0.6
0.1
0.7
0.5
0.6
0.9
0.9
1.2
1.3
1.6
1.4
1.9
1.8
2.0
2.2
1.9
2.2
2.2
2.4
2.4
2.4
2.5
2.4
2.4
2.8
2.4
2.5
2.9
2.8
1952
1953
3.0
5.3
2.9
0.0
0.9
-0.6
-1.1
0.5
0.5
1.0
0.8
1.0
0.8
0.8
-0.1
-0.4
-1.1
-0.7
-0.1
0.0
-0.5
-0.8
-0.7
-0.2
-0.5
-0.8
-1.3
-1.8
-2.0
-0.9
-1.0
-0.6
0.1
0.7
0.5
0.6
0.9
0.9
1.2
1.4
1.7
1.4
1.9
1.8
2.1
2.2
1.9
2.2
2.2
2.5
2.4
2.5
2.5
2.4
2.5
2.9
2.5
2.6
2.9
2.9
1953
2012
Data provided by Ibbotson Associates.
1954
7.7
2.9
-0.9
0.4
-1.3
-1.7
0.1
0.2
0.8
0.6
0.8
0.6
0.6
-0.4
-0.7
-1.3
-0.9
-0.3
-0.2
-0.7
-1.0
-0.8
-0.3
-0.6
-1.0
-1.5
-2.0
-2.1
-1.1
-1.1
-0.7
0.0
0.6
0.4
0.5
0.9
0.8
1.2
1.3
1.7
1.3
1.9
1.8
2.0
2.2
1.9
2.2
2.2
2.5
2.4
2.5
2.5
2.4
2.5
2.9
2.5
2.6
2.9
2.9
1954
1955
-1.6
-5.0
-2.0
-3.5
-3.5
-1.1
-0.9
-0.1
-0.1
0.1
0.0
0.0
-1.0
-1.2
-1.9
-1.4
-0.8
-0.6
-1.1
-1.4
-1.2
-0.7
-1.0
-1.3
-1.8
-2.3
-2.5
-1.4
-1.4
-1.0
-0.2
0.4
0.2
0.3
0.7
0.7
1.0
1.2
1.5
1.2
1.8
1.6
1.9
2.1
1.8
2.1
2.1
2.4
2.3
2.4
2.4
2.3
2.4
2.8
2.4
2.5
2.8
2.8
1955
1956
-8.2
-2.1
-4.0
-4.0
-0.9
-0.7
0.1
0.1
0.3
0.2
0.2
-0.9
-1.2
-1.9
-1.4
-0.7
-0.6
-1.0
-1.4
-1.2
-0.6
-0.9
-1.3
-1.8
-2.4
-2.5
-1.3
-1.4
-1.0
-0.2
0.5
0.2
0.4
0.7
0.7
1.1
1.2
1.6
1.3
1.9
1.7
2.0
2.2
1.9
2.2
2.2
2.4
2.4
2.4
2.5
2.4
2.5
2.9
2.4
2.6
2.9
2.9
1956
1957
4.3
-1.9
-2.5
1.0
0.8
1.6
1.3
1.4
1.1
1.0
-0.2
-0.6
-1.4
-0.9
-0.2
-0.1
-0.6
-1.0
-0.8
-0.2
-0.6
-1.0
-1.5
-2.1
-2.3
-1.1
-1.1
-0.7
0.1
0.8
0.5
0.7
1.0
1.0
1.4
1.5
1.9
1.5
2.1
2.0
2.3
2.5
2.1
2.4
2.4
2.7
2.6
2.7
2.7
2.6
2.7
3.1
2.7
2.8
3.1
3.1
1957
1958
-7.7
-5.8
-0.1
0.0
1.1
0.8
1.0
0.7
0.7
-0.6
-1.0
-1.9
-1.2
-0.5
-0.3
-0.9
-1.3
-1.1
-0.5
-0.8
-1.2
-1.8
-2.4
-2.6
-1.3
-1.3
-0.9
-0.1
0.7
0.4
0.6
0.9
0.9
1.3
1.4
1.8
1.5
2.1
1.9
2.2
2.4
2.1
2.4
2.4
2.7
2.6
2.6
2.7
2.6
2.6
3.1
2.6
2.7
3.1
3.1
1958
1959
-3.7
3.9
2.7
3.4
2.6
2.6
2.0
1.8
0.2
-0.3
-1.3
-0.7
0.1
0.2
-0.4
-0.9
-0.7
-0.1
-0.4
-0.9
-1.5
-2.1
-2.3
-1.0
-1.1
-0.6
0.2
1.0
0.7
0.8
1.2
1.2
1.6
1.7
2.1
1.7
2.4
2.2
2.5
2.7
2.3
2.6
2.6
2.9
2.8
2.9
2.9
2.8
2.9
3.3
2.8
2.9
3.3
3.3
1959
1960
12.1
6.0
5.9
4.3
3.9
3.0
2.6
0.7
0.1
-1.1
-0.4
0.4
0.5
-0.2
-0.7
-0.5
0.2
-0.2
-0.7
-1.4
-2.1
-2.3
-0.9
-1.0
-0.5
0.4
1.2
0.9
1.0
1.4
1.3
1.8
1.9
2.3
1.9
2.5
2.3
2.6
2.8
2.5
2.8
2.8
3.1
3.0
3.0
3.1
3.0
3.0
3.4
3.0
3.1
3.5
3.4
1960
1961
0.3
2.9
1.8
1.9
1.3
1.1
-0.9
-1.4
-2.4
-1.6
-0.6
-0.4
-1.1
-1.5
-1.3
-0.5
-0.9
-1.4
-2.1
-2.7
-2.9
-1.4
-1.5
-1.0
0.0
0.8
0.5
0.6
1.0
1.0
1.4
1.6
2.0
1.6
2.3
2.1
2.4
2.6
2.2
2.6
2.6
2.9
2.8
2.8
2.9
2.8
2.8
3.3
2.8
2.9
3.3
3.3
1961
1962
5.6
2.5
2.4
1.5
1.3
-1.0
-1.6
-2.8
-1.8
-0.7
-0.4
-1.2
-1.7
-1.4
-0.6
-1.0
-1.5
-2.2
-2.9
-3.1
-1.5
-1.6
-1.1
-0.1
0.8
0.5
0.6
1.1
1.0
1.5
1.6
2.0
1.6
2.3
2.1
2.4
2.7
2.3
2.6
2.6
2.9
2.8
2.9
2.9
2.8
2.9
3.3
2.8
3.0
3.4
3.3
1962
1963
-0.4
0.9
0.2
0.2
-2.3
-2.7
-3.9
-2.7
-1.4
-1.0
-1.8
-2.2
-1.9
-1.0
-1.4
-1.9
-2.6
-3.3
-3.5
-1.9
-1.9
-1.4
-0.3
0.6
0.3
0.5
0.9
0.9
1.3
1.5
1.9
1.5
2.2
2.0
2.4
2.6
2.2
2.6
2.6
2.9
2.8
2.8
2.9
2.8
2.8
3.3
2.8
2.9
3.3
3.3
1963
1964
2.3
0.5
0.4
-2.8
-3.2
-4.5
-3.0
-1.5
-1.1
-1.9
-2.4
-2.0
-1.1
-1.5
-2.0
-2.8
-3.5
-3.7
-1.9
-2.0
-1.4
-0.3
0.6
0.3
0.5
0.9
0.9
1.4
1.6
2.0
1.6
2.3
2.1
2.4
2.7
2.3
2.7
2.6
2.9
2.9
2.9
2.9
2.8
2.9
3.4
2.9
3.0
3.4
3.4
1964
1965
-1.2
-0.5
-4.4
-4.5
-5.7
-3.8
-2.0
-1.5
-2.4
-2.9
-2.4
-1.3
-1.8
-2.3
-3.1
-3.8
-4.0
-2.2
-2.2
-1.6
-0.4
0.6
0.2
0.4
0.9
0.9
1.4
1.5
2.0
1.6
2.3
2.1
2.4
2.7
2.3
2.7
2.6
3.0
2.9
2.9
3.0
2.9
2.9
3.4
2.9
3.0
3.4
3.4
1965
1966
0.3
-6.0
-5.6
-6.8
-4.4
-2.2
-1.6
-2.5
-3.0
-2.5
-1.4
-1.8
-2.4
-3.2
-4.0
-4.2
-2.2
-2.3
-1.6
-0.4
0.6
0.3
0.5
1.0
0.9
1.5
1.6
2.1
1.6
2.4
2.2
2.6
2.8
2.4
2.8
2.8
3.1
3.0
3.0
3.1
3.0
3.0
3.5
3.0
3.1
3.5
3.5
1966
1967
-11.9
-8.4
-9.1
-5.5
-2.6
-1.9
-2.9
-3.4
-2.9
-1.5
-2.0
-2.7
-3.5
-4.3
-4.5
-2.4
-2.4
-1.7
-0.4
0.7
0.3
0.5
1.0
1.0
1.5
1.7
2.2
1.7
2.5
2.3
2.6
2.9
2.4
2.9
2.8
3.2
3.1
3.1
3.1
3.0
3.1
3.6
3.0
3.2
3.6
3.5
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
-4.8
-7.7
-3.3
-0.2
0.3
-1.3
-2.2
-1.7
-0.3
-1.0
-1.8
-2.7
-3.7
-3.9
-1.7
-1.8
-1.1
0.3
1.4
0.9
1.1
1.6
1.6
2.1
2.3
2.7
2.2
3.1
2.8
3.2
3.4
2.9
3.3
3.3
3.6
3.5
3.5
3.6
3.4
3.5
4.0
3.4
3.5
4.0
3.9
1968
1969
-10.5
-2.5
1.4
1.6
-0.7
-1.7
-1.2
0.3
-0.5
-1.5
-2.6
-3.6
-3.8
-1.5
-1.6
-0.8
0.6
1.7
1.2
1.4
2.0
1.9
2.4
2.6
3.1
2.5
3.4
3.1
3.4
3.7
3.2
3.6
3.6
3.9
3.7
3.8
3.8
3.7
3.7
4.2
3.6
3.7
4.2
4.1
1969
1970
6.3
7.9
6.0
2.0
0.1
0.4
1.9
0.8
-0.4
-1.7
-3.0
-3.3
-0.7
-0.9
-0.1
1.3
2.5
1.9
2.1
2.6
2.5
3.1
3.2
3.7
3.1
3.9
3.6
4.0
4.2
3.7
4.1
4.0
4.3
4.2
4.2
4.2
4.1
4.1
4.6
4.0
4.1
4.6
4.5
1970
1971
9.6
5.8
0.6
-1.4
-0.7
1.2
0.0
-1.2
-2.6
-3.8
-4.1
-1.3
-1.4
-0.6
1.0
2.3
1.7
1.9
2.4
2.3
2.9
3.1
3.6
2.9
3.9
3.5
3.9
4.2
3.6
4.0
4.0
4.3
4.1
4.2
4.2
4.0
4.1
4.6
4.0
4.1
4.5
4.4
1971
1972
2.2
-3.6
-4.8
-3.1
-0.4
-1.5
-2.7
-4.0
-5.2
-5.4
-2.2
-2.3
-1.3
0.4
1.8
1.2
1.4
2.0
1.9
2.6
2.8
3.3
2.7
3.6
3.3
3.7
4.0
3.4
3.8
3.8
4.1
4.0
4.0
4.0
3.9
3.9
4.4
3.8
3.9
4.4
4.3
1972
1973
-9.1
-8.0
-4.8
-1.0
-2.2
-3.4
-4.8
-6.1
-6.2
-2.7
-2.7
-1.6
0.3
1.8
1.2
1.4
2.0
1.9
2.6
2.8
3.3
2.7
3.7
3.3
3.8
4.0
3.4
3.9
3.8
4.2
4.0
4.1
4.1
3.9
4.0
4.5
3.9
4.0
4.5
4.4
1973
1974
-7.0
-2.6
1.9
-0.4
-2.3
-4.1
-5.7
-5.8
-1.9
-2.0
-0.9
1.1
2.6
1.9
2.1
2.8
2.6
3.3
3.5
4.0
3.3
4.3
3.9
4.3
4.6
3.9
4.4
4.3
4.7
4.5
4.5
4.5
4.3
4.4
4.9
4.2
4.3
4.8
4.7
1974
1975
2.0
6.6
1.9
-1.1
-3.5
-5.5
-5.6
-1.3
-1.5
-0.3
1.9
3.5
2.7
2.8
3.5
3.3
3.9
4.1
4.6
3.8
4.9
4.5
4.8
5.1
4.4
4.9
4.8
5.1
4.9
4.9
4.9
4.7
4.7
5.3
4.6
4.7
5.2
5.1
1975
1976
11.4
1.8
-2.1
-4.9
-6.9
-6.8
-1.7
-1.9
-0.5
1.9
3.6
2.7
2.9
3.6
3.3
4.1
4.2
4.8
3.9
5.0
4.6
5.0
5.2
4.5
5.0
4.9
5.2
5.0
5.0
5.0
4.8
4.8
5.4
4.7
4.8
5.3
5.2
1976
1977
-6.9
-8.2
-9.7
-11.0
-10.1
-3.8
-3.7
-1.9
0.9
2.9
2.0
2.2
3.0
2.8
3.6
3.8
4.4
3.5
4.7
4.2
4.7
5.0
4.2
4.7
4.6
5.0
4.8
4.8
4.8
4.6
4.6
5.2
4.5
4.6
5.1
5.0
1977
1978
-9.4
-11.1
-12.3
-10.9
-3.1
-3.1
-1.2
1.9
4.0
2.9
3.1
3.9
3.6
4.4
4.5
5.1
4.2
5.4
4.9
5.3
5.6
4.7
5.3
5.1
5.5
5.3
5.3
5.2
5.0
5.0
5.6
4.8
4.9
5.5
5.4
1978
1979
-12.8
-13.7
-11.4
-1.5
-1.8
0.2
3.6
5.8
4.4
4.4
5.2
4.7
5.5
5.6
6.2
5.1
6.3
5.7
6.1
6.4
5.5
6.0
5.8
6.2
5.9
5.9
5.8
5.6
5.6
6.2
5.3
5.4
6.0
5.8
1979
1980
-14.6
-10.6
2.6
1.2
3.1
6.6
8.8
6.7
6.5
7.2
6.5
7.2
7.1
7.7
6.4
7.7
6.9
7.3
7.5
6.5
7.0
6.7
7.1
6.8
6.7
6.6
6.3
6.3
6.9
6.0
6.1
6.6
6.4
1980
1981
-6.5
12.4
7.0
8.0
11.4
13.3
10.2
9.5
9.9
8.9
9.5
9.2
9.6
8.1
9.3
8.4
8.7
8.9
7.7
8.2
7.9
8.2
7.8
7.7
7.6
7.2
7.1
7.8
6.8
6.8
7.4
7.2
1981
1982
35.1
14.5
13.3
16.4
17.7
13.2
12.0
12.1
10.7
11.2
10.7
11.1
9.3
10.5
9.5
9.8
9.9
8.6
9.0
8.7
9.0
8.5
8.4
8.2
7.8
7.7
8.3
7.3
7.3
7.9
7.7
1982
1983
-3.0
3.8
10.8
13.7
9.3
8.6
9.2
8.0
8.8
8.6
9.1
7.4
8.9
7.9
8.3
8.5
7.2
7.7
7.4
7.8
7.4
7.3
7.1
6.8
6.7
7.4
6.4
6.5
7.0
6.8
1983
1984
11.1
18.4
19.9
12.6
11.0
11.3
9.7
10.4
9.9
10.4
8.4
9.9
8.8
9.1
9.3
7.8
8.4
8.0
8.4
7.9
7.8
7.6
7.2
7.2
7.8
6.8
6.8
7.4
7.2
1984
1985
26.2 1986
24.6 23.0 1987
13.1 7.1 -6.8 1988
11.0 6.4 -1.1 5.0 1989
11.4 8.0 3.4 8.9 12.9 1990
9.4 6.4 2.5 5.9 6.3 0.1 1991
10.3 7.9 5.1 8.2 9.3 7.6 15.7 1992
9.8 7.6 5.2 7.8 8.5 7.1 10.9 6.2 1993
10.4 8.5 6.6 9.0 9.8 9.1 12.2 10.5 15.1 1994
8.1 6.3 4.3 6.0 6.2 4.9 6.2 3.2 1.7 -10.2 1995
9.8 8.3 6.8 8.6 9.1 8.5 10.2 8.9 9.8 7.3 28.2 1996
8.6 7.1 5.6 7.1 7.4 6.6 7.7 6.2 6.2 3.4 10.9 -4.1 1997
9.0 7.6 6.3 7.8 8.1 7.5 8.6 7.4 7.7 5.9 11.9 4.5 13.9 1998
9.1 7.9 6.7 8.1 8.4 7.9 8.9 8.0 8.3 7.0 11.7 6.7 12.6 11.3 1999
7.6 6.4 5.2 6.3 6.4 5.8 6.5 5.3 5.2 3.7 6.7 1.9 4.0 -0.7 -11.4 2000
8.2 7.1 6.1 7.1 7.3 6.8 7.5 6.6 6.7 5.5 8.4 4.8 7.2 5.0 2.1 17.5 2001
7.9 6.8 5.8 6.8 6.9 6.4 7.0 6.2 6.2 5.1 7.5 4.4 6.2 4.3 2.1 9.5 2.1 2002
8.2 7.3 6.4 7.3 7.5 7.1 7.7 7.0 7.0 6.2 8.4 5.8 7.6 6.4 5.2 11.4 8.4 15.1 2003
7.8 6.8 5.9 6.8 6.9 6.5 7.0 6.3 6.3 5.5 7.4 5.0 6.4 5.2 4.0 8.3 5.4 7.0 -0.4 2004
7.6 6.7 5.9 6.7 6.8 6.4 6.9 6.2 6.2 5.5 7.2 5.0 6.2 5.2 4.2 7.6 5.3 6.4 2.3 5.1 2005
7.5 6.6 5.8 6.6 6.6 6.3 6.7 6.1 6.1 5.4 6.9 5.0 6.0 5.1 4.2 7.1 5.1 5.8 2.9 4.7 4.2 2006
7.1 6.2 5.4 6.1 6.2 5.8 6.2 5.6 5.5 4.8 6.2 4.4 5.3 4.3 3.5 5.8 4.0 4.4 1.9 2.6 1.4 -1.3 2007
7.0 6.2 5.4 6.1 6.2 5.8 6.1 5.6 5.5 4.9 6.1 4.5 5.3 4.5 3.7 5.8 4.2 4.6 2.6 3.4 2.8 2.1 5.6 2008
7.7 7.0 6.3 7.0 7.1 6.8 7.1 6.7 6.7 6.2 7.4 6.0 6.9 6.2 5.7 7.8 6.7 7.4 6.1 7.5 8.1 9.4 15.2 25.7 2009
6.6 5.8 5.1 5.7 5.8 5.4 5.7 5.2 5.1 4.5 5.6 4.1 4.8 4.1 3.4 5.0 3.7 3.9 2.4 2.9 2.5 2.1 3.2 2.0 -17.2 2010
6.7 5.9 5.3 5.8 5.9 5.6 5.8 5.3 5.3 4.8 5.8 4.4 5.0 4.4 3.8 5.3 4.2 4.4 3.2 3.7 3.5 3.3 4.5 4.2 -5.2 8.5 2011
7.3 6.6 6.0 6.6 6.6 6.4 6.7 6.2 6.2 5.8 6.8 5.6 6.2 5.7 5.3 6.8 5.9 6.3 5.4 6.1 6.2 6.6 8.2 8.9 3.8 16.3 24.5 2012
7.1 6.4 5.8 6.4 6.4 6.1 6.4 6.0 6.0 5.5 6.5 5.3 5.9 5.4 5.0 6.4 5.5 5.8 5.0 5.6 5.6 5.8 7.1 7.4 3.3 11.1 12.5 1.5
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
53

29. 1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
54
1926
4.8
5.1
4.8
4.7
5.6
6.6
7.4
6.4
5.5
4.6
4.1
3.5
3.5
3.2
3.0
2.2
1.5
1.3
1.1
1.0
0.1
-0.2
-0.3
-0.2
-0.3
-0.5
-0.4
-0.4
-0.3
-0.3
-0.3
-0.3
-0.3
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.1
0.1
0.0
0.0
0.0
0.0
-0.1
-0.1
0.0
0.1
0.2
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.6
0.6
0.6
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.6
0.7
0.7
0.7
0.6
0.6
0.6
0.5
1926
1927
5.3
4.8
4.7
5.8
6.9
7.8
6.6
5.6
4.6
4.0
3.4
3.3
3.1
2.8
2.0
1.3
1.1
0.9
0.8
-0.1
-0.5
-0.5
-0.4
-0.5
-0.7
-0.6
-0.6
-0.5
-0.4
-0.4
-0.4
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.0
0.0
-0.1
-0.1
-0.1
-0.1
-0.2
-0.2
-0.1
0.0
0.1
0.2
0.3
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.6
0.6
0.6
0.6
0.7
0.7
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.5
0.5
1927
1928
4.2
4.4
5.9
7.3
8.3
6.9
5.6
4.5
3.9
3.2
3.2
2.9
2.6
1.8
1.1
0.8
0.7
0.5
-0.4
-0.7
-0.8
-0.6
-0.8
-0.9
-0.9
-0.8
-0.7
-0.6
-0.6
-0.6
-0.6
-0.5
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.1
-0.1
-0.1
-0.1
0.0
0.0
-0.1
-0.2
-0.2
-0.2
-0.2
-0.2
-0.3
-0.3
-0.2
-0.1
0.0
0.1
0.2
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.4
0.4
0.4
0.5
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.5
0.5
0.5
0.5
0.6
0.5
0.5
0.5
0.4
1928
1929
4.5
6.7
8.4
9.4
7.4
5.8
4.5
3.8
3.1
3.1
2.8
2.5
1.6
0.8
0.6
0.5
0.3
-0.6
-1.0
-1.0
-0.9
-1.0
-1.2
-1.1
-1.0
-0.9
-0.8
-0.8
-0.8
-0.8
-0.7
-0.6
-0.6
-0.5
-0.5
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
-0.2
-0.2
-0.3
-0.3
-0.3
-0.3
-0.4
-0.4
-0.3
-0.1
-0.1
0.0
0.1
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.5
0.5
0.6
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.4
0.4
1929
1930
9.0
10.3
11.1
8.1
6.1
4.5
3.7
2.9
2.9
2.7
2.3
1.3
0.6
0.3
0.2
0.1
-0.9
-1.3
-1.3
-1.1
-1.3
-1.4
-1.3
-1.2
-1.1
-1.0
-1.0
-1.0
-0.9
-0.9
-0.8
-0.7
-0.7
-0.6
-0.5
-0.4
-0.4
-0.4
-0.3
-0.3
-0.3
-0.3
-0.2
-0.3
-0.4
-0.4
-0.4
-0.4
-0.4
-0.5
-0.5
-0.4
-0.2
-0.1
0.0
0.0
0.1
0.1
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.5
0.5
0.5
0.5
0.5
0.4
0.4
0.4
0.5
0.5
0.4
0.4
0.4
0.3
1930
1931
11.7
12.1
7.9
5.4
3.7
2.9
2.1
2.2
2.0
1.7
0.7
-0.1
-0.3
-0.4
-0.5
-1.5
-1.9
-1.9
-1.6
-1.8
-1.9
-1.8
-1.6
-1.5
-1.4
-1.4
-1.3
-1.3
-1.2
-1.1
-1.0
-0.9
-0.9
-0.8
-0.7
-0.6
-0.6
-0.6
-0.5
-0.5
-0.5
-0.4
-0.5
-0.6
-0.6
-0.5
-0.6
-0.6
-0.6
-0.6
-0.5
-0.4
-0.3
-0.2
-0.1
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.3
0.3
0.3
0.4
0.4
0.4
0.4
0.3
0.3
0.3
0.3
0.4
0.3
0.3
0.3
0.2
1931
1932
12.5
6.0
3.3
1.8
1.2
0.5
0.9
0.8
0.6
-0.4
-1.1
-1.3
-1.3
-1.3
-2.3
-2.7
-2.6
-2.3
-2.4
-2.5
-2.4
-2.2
-2.0
-1.9
-1.9
-1.8
-1.7
-1.6
-1.5
-1.4
-1.3
-1.2
-1.1
-1.0
-1.0
-0.9
-0.9
-0.8
-0.8
-0.8
-0.7
-0.8
-0.8
-0.8
-0.8
-0.8
-0.8
-0.9
-0.9
-0.8
-0.6
-0.5
-0.4
-0.3
-0.2
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
1932
1933
-0.2
-1.0
-1.6
-1.5
-1.7
-1.0
-0.8
-0.8
-1.7
-2.4
-2.4
-2.4
-2.3
-3.3
-3.6
-3.5
-3.1
-3.2
-3.2
-3.0
-2.9
-2.7
-2.5
-2.4
-2.3
-2.2
-2.1
-2.0
-1.9
-1.8
-1.7
-1.5
-1.4
-1.3
-1.3
-1.2
-1.2
-1.1
-1.1
-1.0
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.0
-0.9
-0.8
-0.6
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
1933
1934
-1.8
-2.3
-1.9
-2.1
-1.1
-0.9
-0.9
-1.9
-2.6
-2.6
-2.6
-2.5
-3.5
-3.8
-3.7
-3.3
-3.4
-3.4
-3.2
-3.0
-2.8
-2.6
-2.5
-2.4
-2.3
-2.2
-2.0
-1.9
-1.8
-1.7
-1.6
-1.5
-1.4
-1.3
-1.3
-1.2
-1.2
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.2
-1.2
-1.0
-0.9
-0.8
-0.7
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.1
0.1
0.1
0.0
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
1934
ONE-MONTH
US TREASURY BILLS
1935
-2.8
-1.9
-2.2
-0.9
-0.7
-0.7
-1.9
-2.7
-2.7
-2.6
-2.6
-3.7
-4.0
-3.8
-3.4
-3.5
-3.5
-3.3
-3.0
-2.8
-2.6
-2.5
-2.4
-2.3
-2.2
-2.1
-1.9
-1.8
-1.7
-1.6
-1.5
-1.4
-1.3
-1.2
-1.2
-1.1
-1.1
-1.0
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.0
-0.9
-0.8
-0.6
-0.5
-0.4
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.0
0.0
0.0
1935
1926–2012: Real Returns (%), Inflation-Adjusted
1936
-1.0
-1.9
-0.3
-0.1
-0.3
-1.8
-2.7
-2.7
-2.6
-2.5
-3.8
-4.1
-3.9
-3.4
-3.5
-3.5
-3.3
-3.1
-2.8
-2.6
-2.5
-2.4
-2.3
-2.2
-2.0
-1.9
-1.8
-1.7
-1.5
-1.4
-1.3
-1.2
-1.2
-1.1
-1.1
-1.0
-1.0
-1.0
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.0
-0.8
-0.7
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
-0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
1936
1937
-2.7
0.0
0.2
-0.1
-1.9
-3.0
-3.0
-2.8
-2.7
-4.0
-4.4
-4.2
-3.6
-3.7
-3.7
-3.4
-3.2
-2.9
-2.7
-2.6
-2.5
-2.4
-2.2
-2.1
-1.9
-1.8
-1.7
-1.5
-1.4
-1.3
-1.3
-1.2
-1.2
-1.1
-1.0
-1.0
-1.0
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.0
-0.8
-0.7
-0.6
-0.5
-0.4
-0.4
-0.3
-0.2
-0.2
-0.2
-0.1
-0.1
-0.1
-0.1
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.0
1937
1938
2.8
1.6
0.8
-1.7
-3.1
-3.0
-2.8
-2.7
-4.2
-4.5
-4.3
-3.7
-3.8
-3.8
-3.5
-3.2
-2.9
-2.7
-2.6
-2.5
-2.4
-2.2
-2.0
-1.9
-1.8
-1.6
-1.5
-1.4
-1.3
-1.2
-1.2
-1.1
-1.0
-1.0
-0.9
-1.0
-1.0
-1.0
-1.0
-1.0
-1.0
-1.1
-1.1
-0.9
-0.8
-0.7
-0.5
-0.4
-0.3
-0.3
-0.3
-0.2
-0.2
-0.1
-0.1
-0.1
-0.1
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.2
0.2
0.1
0.1
0.2
0.2
0.2
0.2
0.1
0.1
0.1
1938
GROWTH OF $1
1939
0.5
-0.2
-3.2
-4.5
-4.1
-3.7
-3.5
-5.0
-5.3
-5.0
-4.3
-4.3
-4.3
-3.9
-3.6
-3.3
-3.0
-2.9
-2.7
-2.6
-2.4
-2.3
-2.1
-2.0
-1.8
-1.7
-1.5
-1.4
-1.3
-1.3
-1.2
-1.2
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
-1.2
-1.2
-1.0
-0.9
-0.7
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.1
-0.1
-0.1
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.0
1939
$100,000
1940
-1.0
-5.0
-6.1
-5.3
-4.6
-4.1
-5.8
-6.0
-5.6
-4.7
-4.7
-4.7
-4.3
-3.9
-3.5
-3.2
-3.1
-2.9
-2.8
-2.6
-2.4
-2.2
-2.1
-1.9
-1.7
-1.6
-1.5
-1.4
-1.3
-1.3
-1.2
-1.1
-1.1
-1.1
-1.2
-1.2
-1.2
-1.2
-1.2
-1.2
-1.2
-1.1
-0.9
-0.8
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
-0.1
-0.1
-0.1
0.0
0.1
0.1
0.1
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.0
1940
1941
-8.8
-8.5
-6.6
-5.4
-4.7
-6.5
-6.7
-6.1
-5.2
-5.1
-5.0
-4.5
-4.1
-3.7
-3.4
-3.2
-3.0
-2.9
-2.6
-2.5
-2.3
-2.1
-2.0
-1.8
-1.6
-1.5
-1.4
-1.4
-1.3
-1.2
-1.1
-1.1
-1.1
-1.2
-1.2
-1.2
-1.2
-1.2
-1.2
-1.2
-1.1
-0.9
-0.8
-0.6
-0.5
-0.4
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.1
-0.1
-0.1
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.0
1941
$10,000
1942
-8.2
-5.5
-4.3
-3.7
-6.1
-6.4
-5.7
-4.7
-4.7
-4.6
-4.1
-3.7
-3.3
-3.0
-2.8
-2.6
-2.5
-2.3
-2.1
-1.9
-1.8
-1.6
-1.5
-1.3
-1.2
-1.1
-1.1
-1.0
-0.9
-0.9
-0.8
-0.9
-1.0
-1.0
-0.9
-0.9
-1.0
-1.0
-1.0
-0.9
-0.7
-0.6
-0.4
-0.3
-0.2
-0.2
-0.1
-0.1
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2
1942
$1,000
1943
-2.7
-2.2
-2.1
-5.5
-6.0
-5.3
-4.2
-4.2
-4.2
-3.7
-3.3
-2.9
-2.6
-2.4
-2.3
-2.1
-1.9
-1.8
-1.6
-1.4
-1.3
-1.1
-1.0
-0.9
-0.8
-0.8
-0.7
-0.7
-0.6
-0.6
-0.6
-0.7
-0.7
-0.7
-0.7
-0.8
-0.8
-0.8
-0.7
-0.5
-0.4
-0.2
-0.1
0.0
0.0
0.0
0.1
0.1
0.2
0.2
0.2
0.2
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.5
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.3
0.3
1943
1944
-1.7
-1.8
-6.4
-6.8
-5.8
-4.4
-4.4
-4.4
-3.8
-3.3
-2.9
-2.6
-2.4
-2.2
-2.1
-1.9
-1.7
-1.5
-1.4
-1.2
-1.1
-0.9
-0.8
-0.8
-0.7
-0.7
-0.6
-0.5
-0.5
-0.5
-0.7
-0.7
-0.6
-0.7
-0.7
-0.8
-0.8
-0.6
-0.4
-0.3
-0.2
-0.1
0.0
0.1
0.1
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.5
0.5
0.5
0.6
0.5
0.5
0.5
0.4
0.5
0.5
0.5
0.4
0.4
0.4
0.3
1944
$100
1945
-1.9
-8.7
-8.4
-6.8
-4.9
-4.8
-4.7
-4.1
-3.5
-3.0
-2.6
-2.5
-2.3
-2.1
-1.9
-1.7
-1.5
-1.3
-1.2
-1.0
-0.9
-0.8
-0.7
-0.7
-0.6
-0.6
-0.5
-0.5
-0.5
-0.6
-0.6
-0.6
-0.6
-0.7
-0.7
-0.7
-0.6
-0.4
-0.3
-0.1
0.0
0.1
0.1
0.1
0.2
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.5
0.5
0.5
0.6
0.6
0.6
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.4
0.4
1945
1946
-15.1
-11.5
-8.4
-5.7
-5.4
-5.2
-4.4
-3.7
-3.1
-2.7
-2.5
-2.3
-2.1
-1.9
-1.7
-1.5
-1.3
-1.2
-1.0
-0.8
-0.7
-0.7
-0.6
-0.6
-0.5
-0.4
-0.4
-0.5
-0.6
-0.6
-0.6
-0.6
-0.6
-0.7
-0.7
-0.5
-0.4
-0.2
-0.1
0.0
0.1
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.5
0.5
0.6
0.6
0.6
0.5
0.5
0.4
0.4
1946
$10
1947
-7.8
-4.9
-2.3
-2.8
-3.1
-2.5
-1.9
-1.5
-1.2
-1.2
-1.0
-1.0
-0.8
-0.6
-0.5
-0.4
-0.3
-0.1
0.0
0.0
0.1
0.1
0.1
0.2
0.2
0.2
0.1
0.0
-0.1
0.0
-0.1
-0.1
-0.2
-0.2
-0.1
0.1
0.2
0.4
0.4
0.5
0.6
0.6
0.7
0.7
0.7
0.7
0.7
0.7
0.8
0.8
0.8
0.9
0.9
0.9
0.9
0.9
0.9
0.8
0.8
0.8
0.8
0.8
0.8
0.8
0.7
0.7
1947
1948
-1.8
0.5
-1.1
-1.9
-1.4
-0.9
-0.6
-0.4
-0.4
-0.3
-0.3
-0.2
-0.1
0.0
0.1
0.2
0.3
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.4
0.3
0.2
0.2
0.2
0.1
0.0
0.0
0.2
0.3
0.4
0.6
0.7
0.8
0.8
0.8
0.9
0.9
0.9
0.9
0.9
0.9
0.9
1.0
1.0
1.1
1.1
1.1
1.1
1.1
1.0
1.0
1.0
1.0
1.0
1.0
0.9
0.9
0.8
0.8
1948
$1.59
$1
1949
3.0
-0.7
-1.9
-1.2
-0.8
-0.4
-0.2
-0.2
-0.2
-0.2
0.0
0.1
0.2
0.3
0.3
0.5
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.5
0.4
0.3
0.3
0.2
0.2
0.1
0.1
0.2
0.4
0.5
0.7
0.7
0.8
0.8
0.9
0.9
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.1
1.1
1.1
1.2
1.2
1.1
1.1
1.0
1.0
1.0
1.0
1.0
1.0
0.9
0.9
0.8
1949
1950
-4.3
-4.2
-2.6
-1.7
-1.1
-0.7
-0.6
-0.5
-0.5
-0.3
-0.2
-0.1
0.1
0.2
0.3
0.4
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.4
0.3
0.2
0.2
0.2
0.1
0.0
0.0
0.1
0.3
0.4
0.6
0.7
0.8
0.8
0.8
0.9
0.9
0.9
0.9
0.9
0.9
1.0
1.0
1.0
1.1
1.1
1.1
1.1
1.1
1.1
1.0
1.0
1.0
1.0
1.0
0.9
0.9
0.8
0.8
1950
D I M E N S I O N A L F U N D A D VI S O R S
1951
-4.1 1952
-1.7 0.8 1953
-0.8 1.0 1.2 1954
-0.2 1.1 1.3 1.4 1955
0.1 1.1 1.3 1.3 1.2 1956
0.0 0.8 0.8 0.7 0.4 -0.4 1957
0.0 0.7 0.7 0.6 0.3 -0.1 0.1 1958
0.0 0.6 0.5 0.4 0.2 -0.2 -0.1 -0.2 1959
0.1 0.7 0.7 0.6 0.4 0.2 0.4 0.6 1.4 1960
0.2 0.7 0.7 0.7 0.6 0.4 0.6 0.8 1.3 1.2 1961
0.3 0.8 0.8 0.8 0.7 0.6 0.8 1.0 1.4 1.3 1.4 1962
0.4 0.9 0.9 0.8 0.8 0.7 0.9 1.1 1.4 1.4 1.5 1.5 1963
0.5 0.9 0.9 0.9 0.9 0.8 1.0 1.1 1.4 1.4 1.5 1.5 1.4 1964
0.6 1.0 1.0 1.0 1.0 1.0 1.1 1.3 1.5 1.6 1.7 1.7 1.9 2.3 1965
0.7 1.1 1.1 1.1 1.1 1.1 1.2 1.4 1.6 1.6 1.7 1.8 1.9 2.1 1.9 1966
0.8 1.1 1.1 1.1 1.1 1.1 1.2 1.4 1.6 1.6 1.7 1.7 1.8 1.9 1.7 1.4 1967
0.8 1.1 1.1 1.1 1.1 1.1 1.2 1.3 1.5 1.5 1.6 1.6 1.6 1.7 1.5 1.2 1.1
0.8 1.1 1.1 1.1 1.1 1.0 1.2 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.2 1.0 0.8
0.8 1.0 1.0 1.0 1.0 1.0 1.1 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.1 0.8 0.7
0.8 1.0 1.0 1.0 1.0 1.0 1.1 1.2 1.3 1.3 1.3 1.3 1.3 1.2 1.1 0.9 0.8
0.8 1.0 1.0 1.0 1.0 1.0 1.1 1.2 1.3 1.3 1.3 1.3 1.2 1.2 1.0 0.9 0.8
0.8 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.2 1.2 1.2 1.2 1.1 1.1 1.0 0.8 0.7
0.7 0.9 0.9 0.9 0.8 0.8 0.9 0.9 1.0 1.0 1.0 0.9 0.9 0.8 0.7 0.5 0.4
0.5 0.7 0.7 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.6 0.6 0.5 0.4 0.2 0.0 -0.1
0.4 0.6 0.6 0.6 0.5 0.5 0.5 0.6 0.6 0.6 0.5 0.4 0.4 0.3 0.1 -0.1 -0.3
0.4 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.6 0.5 0.5 0.4 0.4 0.3 0.1 -0.1 -0.2
0.3 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.5 0.4 0.4 0.3 0.2 0.1 0.0 -0.2 -0.3
0.2 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.3 0.2 0.1 0.0 -0.1 -0.3 -0.4
0.2 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.0 -0.1 -0.1 -0.3 -0.5 -0.6
0.1 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.0 0.0 -0.1 -0.2 -0.4 -0.5 -0.6
0.3 0.4 0.4 0.4 0.4 0.3 0.3 0.4 0.4 0.3 0.3 0.2 0.2 0.1 0.0 -0.1 -0.2
0.5 0.6 0.6 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.4 0.3 0.2 0.2
0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.5 0.4
0.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 0.9 0.9 0.9 0.9 0.9 0.8 0.7 0.7
0.8 1.0 1.0 1.0 1.0 0.9 1.0 1.0 1.1 1.1 1.1 1.0 1.0 1.0 0.9 0.9 0.9
0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1
0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1
1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1
1.0 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.0 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2
1.1 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2
1.0 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.0 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.1 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
1.1 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
1.1 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.3 1.3
1.2 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4
1.2 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.4 1.4 1.4
1.2 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4
1.2 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5
1.2 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4
1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.3 1.3
1.1 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2
1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2
1.0 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1
1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.1 1.1
0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.0 1.0 1.0 1.0
0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9
1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967
$0
1926
2012
Data provided by Ibbotson Associates.
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1968
0.5
0.5
0.6
0.7
0.7
0.3
-0.3
-0.4
-0.3
-0.5
-0.6
-0.7
-0.8
-0.3
0.1
0.4
0.7
0.8
1.1
1.1
1.1
1.2
1.2
1.3
1.2
1.2
1.2
1.3
1.3
1.4
1.4
1.4
1.5
1.5
1.4
1.4
1.3
1.2
1.2
1.2
1.2
1.1
1.1
1.0
0.9
1968
1969
0.4
0.7
0.8
0.7
0.2
-0.5
-0.5
-0.4
-0.6
-0.7
-0.9
-0.9
-0.4
0.1
0.4
0.7
0.9
1.1
1.1
1.1
1.2
1.3
1.3
1.3
1.2
1.2
1.3
1.3
1.4
1.4
1.5
1.5
1.5
1.4
1.4
1.3
1.2
1.3
1.2
1.3
1.2
1.1
1.0
0.9
1969
1970
1.0
1.0
0.8
0.2
-0.6
-0.7
-0.6
-0.7
-0.8
-1.0
-1.0
-0.5
0.0
0.4
0.7
0.9
1.1
1.1
1.2
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.4
1.5
1.5
1.5
1.5
1.5
1.4
1.3
1.3
1.3
1.3
1.3
1.2
1.1
1.0
1.0
1970
1971
1.0
0.7
-0.1
-1.0
-1.0
-0.8
-0.9
-1.0
-1.2
-1.2
-0.6
0.0
0.3
0.7
0.9
1.1
1.1
1.2
1.3
1.3
1.4
1.3
1.3
1.3
1.3
1.4
1.4
1.5
1.5
1.5
1.6
1.5
1.4
1.3
1.3
1.3
1.3
1.3
1.2
1.1
1.0
1.0
1971
1972
0.4
-0.7
-1.7
-1.6
-1.2
-1.3
-1.3
-1.5
-1.4
-0.8
-0.1
0.3
0.7
0.9
1.1
1.1
1.2
1.3
1.3
1.4
1.3
1.3
1.3
1.3
1.4
1.4
1.5
1.5
1.6
1.6
1.5
1.4
1.3
1.3
1.3
1.3
1.3
1.2
1.1
1.0
1.0
1972
1973
-1.7
-2.7
-2.2
-1.6
-1.6
-1.6
-1.7
-1.6
-0.9
-0.2
0.3
0.7
0.9
1.2
1.2
1.2
1.4
1.4
1.4
1.4
1.3
1.3
1.4
1.4
1.5
1.6
1.6
1.6
1.6
1.5
1.5
1.4
1.3
1.3
1.3
1.3
1.2
1.1
1.0
1.0
1973
1974
-3.7
-2.4
-1.6
-1.6
-1.6
-1.7
-1.6
-0.8
0.0
0.4
0.9
1.1
1.4
1.4
1.4
1.6
1.6
1.6
1.6
1.5
1.5
1.5
1.5
1.6
1.7
1.7
1.7
1.7
1.7
1.6
1.5
1.4
1.4
1.4
1.4
1.3
1.2
1.1
1.0
1974
1975
-1.1
-0.4
-0.8
-1.0
-1.3
-1.3
-0.4
0.5
0.9
1.4
1.6
1.9
1.8
1.8
1.9
1.9
1.9
1.9
1.8
1.7
1.8
1.8
1.9
1.9
1.9
1.9
2.0
1.9
1.8
1.6
1.6
1.6
1.6
1.6
1.4
1.4
1.2
1.2
1975
1976
0.3
-0.6
-1.0
-1.4
-1.3
-0.2
0.7
1.2
1.7
1.9
2.2
2.1
2.0
2.1
2.1
2.1
2.0
1.9
1.9
1.9
1.9
2.0
2.1
2.0
2.1
2.1
2.0
1.9
1.7
1.7
1.7
1.6
1.6
1.5
1.4
1.3
1.2
1976
1977
-1.5
-1.6
-1.9
-1.7
-0.3
0.8
1.3
1.8
2.1
2.3
2.2
2.2
2.3
2.2
2.3
2.1
2.0
2.0
2.0
2.0
2.1
2.1
2.1
2.1
2.1
2.0
1.9
1.8
1.7
1.7
1.7
1.7
1.6
1.5
1.3
1.3
1977
1978
-1.7
-2.1
-1.8
0.0
1.2
1.8
2.3
2.5
2.8
2.6
2.5
2.6
2.5
2.5
2.4
2.3
2.2
2.2
2.2
2.3
2.3
2.3
2.3
2.3
2.2
2.1
1.9
1.8
1.8
1.8
1.8
1.6
1.6
1.4
1.3
1978
1979
-2.6 1980
-1.8 -1.0 1981
0.5 2.1 5.3 1982
2.0 3.5 5.9 6.4 1983
2.5 3.8 5.5 5.6 4.8 1984
3.0 4.2 5.5 5.6 5.2 5.5 1985
3.1 4.1 5.2 5.1 4.7 4.7 3.8 1986
3.4 4.2 5.1 5.1 4.8 4.8 4.4 4.9 1987
3.1 3.8 4.5 4.4 4.0 3.8 3.2 3.0 1.0 1988
3.0 3.6 4.2 4.0 3.6 3.4 2.9 2.6 1.4 1.9 1989
3.0 3.6 4.1 4.0 3.6 3.4 3.0 2.8 2.1 2.7 3.6 1990
2.9 3.4 3.9 3.7 3.4 3.2 2.8 2.6 2.0 2.3 2.6 1.6 1991
2.9 3.3 3.7 3.6 3.3 3.1 2.7 2.6 2.1 2.4 2.5 2.0 2.5 1992
2.7 3.1 3.5 3.3 3.0 2.8 2.5 2.3 1.8 2.0 2.0 1.5 1.5 0.5 1993
2.5 2.9 3.2 3.0 2.7 2.5 2.2 2.0 1.6 1.7 1.6 1.2 1.0 0.3 0.1 1994
2.4 2.8 3.1 2.9 2.6 2.4 2.1 1.9 1.5 1.6 1.6 1.2 1.1 0.6 0.7 1.2 1995
2.5 2.8 3.0 2.9 2.6 2.4 2.2 2.0 1.7 1.8 1.7 1.5 1.4 1.2 1.4 2.0 2.9 1996
2.4 2.7 3.0 2.8 2.6 2.4 2.1 2.0 1.7 1.8 1.8 1.5 1.5 1.3 1.5 2.0 2.3 1.8 1997
2.5 2.8 3.0 2.9 2.6 2.5 2.2 2.1 1.9 1.9 1.9 1.7 1.8 1.7 1.9 2.3 2.7 2.6 3.5 1998
2.5 2.8 3.0 2.9 2.7 2.5 2.3 2.2 2.0 2.1 2.1 1.9 1.9 1.9 2.1 2.5 2.8 2.8 3.3 3.2 1999
2.5 2.8 3.0 2.8 2.6 2.5 2.3 2.2 2.0 2.0 2.1 1.9 1.9 1.9 2.1 2.4 2.7 2.6 2.9 2.6 2.0 2000
2.5 2.7 2.9 2.8 2.6 2.5 2.3 2.2 2.0 2.1 2.1 2.0 2.0 1.9 2.1 2.4 2.6 2.6 2.8 2.5 2.2 2.4 2001
2.5 2.7 2.9 2.8 2.6 2.5 2.3 2.2 2.0 2.1 2.1 2.0 2.0 2.0 2.1 2.4 2.6 2.5 2.7 2.5 2.2 2.3 2.3 2002
2.3 2.6 2.7 2.6 2.4 2.3 2.1 2.0 1.8 1.9 1.9 1.8 1.8 1.7 1.9 2.0 2.1 2.0 2.1 1.8 1.5 1.3 0.7 -0.7 2003
2.2 2.4 2.6 2.4 2.3 2.1 2.0 1.9 1.7 1.7 1.7 1.6 1.6 1.5 1.6 1.8 1.8 1.7 1.7 1.4 1.0 0.8 0.2 -0.8 -0.8 2004
2.0 2.2 2.4 2.3 2.1 1.9 1.8 1.7 1.5 1.5 1.5 1.3 1.3 1.2 1.3 1.4 1.4 1.3 1.2 0.9 0.5 0.2 -0.3 -1.2 -1.4 -2.0 2005
2.0 2.1 2.3 2.1 2.0 1.8 1.7 1.5 1.4 1.4 1.4 1.2 1.2 1.1 1.2 1.3 1.3 1.1 1.0 0.7 0.4 0.1 -0.4 -1.0 -1.1 -1.2 -0.4 2006
2.0 2.1 2.3 2.1 2.0 1.8 1.7 1.6 1.4 1.4 1.4 1.3 1.3 1.2 1.2 1.3 1.3 1.2 1.1 0.9 0.6 0.4 0.1 -0.4 -0.3 -0.1 0.9 2.2 2007
1.9 2.1 2.2 2.1 1.9 1.8 1.6 1.5 1.4 1.4 1.4 1.2 1.2 1.1 1.2 1.3 1.3 1.1 1.1 0.8 0.6 0.4 0.1 -0.2 -0.1 0.1 0.8 1.4 0.6 2008
1.9 2.1 2.2 2.1 1.9 1.8 1.6 1.5 1.4 1.4 1.4 1.3 1.2 1.2 1.2 1.3 1.3 1.2 1.1 0.9 0.7 0.5 0.3 0.0 0.2 0.4 1.0 1.5 1.1 1.6 2009
1.8 1.9 2.0 1.9 1.7 1.6 1.5 1.4 1.2 1.2 1.2 1.1 1.0 1.0 1.0 1.0 1.0 0.9 0.8 0.6 0.4 0.2 0.0 -0.3 -0.2 -0.1 0.3 0.4 -0.1 -0.5 -2.6 2010
1.7 1.8 1.9 1.8 1.6 1.5 1.3 1.3 1.1 1.1 1.1 1.0 0.9 0.8 0.9 0.9 0.9 0.8 0.7 0.5 0.2 0.1 -0.1 -0.4 -0.4 -0.3 0.0 0.1 -0.5 -0.8 -2.0 -1.4 2011
1.5 1.7 1.7 1.6 1.5 1.3 1.2 1.1 0.9 0.9 0.9 0.8 0.7 0.7 0.7 0.7 0.7 0.5 0.4 0.2 0.0 -0.2 -0.4 -0.7 -0.6 -0.6 -0.4 -0.4 -0.9 -1.3 -2.3 -2.1 -2.8 2012
1.4 1.5 1.6 1.5 1.4 1.2 1.1 1.0 0.8 0.8 0.8 0.7 0.6 0.5 0.5 0.6 0.5 0.4 0.3 0.1 -0.1 -0.3 -0.5 -0.7 -0.7 -0.7 -0.6 -0.6 -1.1 -1.4 -2.1 -2.0 -2.2 -1.7
1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
MATR IX BOOK 2013
55

30. ONE-MONTH
CERTIFICATES OF DEPOSIT
DOW JONES
US SELECT REIT INDEX
1966–2012: Real Returns (%), Inflation-Adjusted
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
GROWTH OF $1
$100,000
$10,000
$1,000
$100
$10
$2.28
$1
1926
$0
1966
2012
Data provided by the Federal Reserve Statistical Release H.15:
Selected Interest Rates.
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
56
1966
2.1 1967
2.0 1.9 1968
1.7 1.5 1.1 1969
1.7 1.5 1.4 1.6 1970
1.8 1.8 1.7 2.0 2.5 1971
1.8 1.7 1.7 1.9 2.1 1.7 1972
1.7 1.6 1.6 1.7 1.7 1.3 1.0 1973
1.4 1.3 1.2 1.3 1.2 0.8 0.3 -0.4 1974
1.1 1.0 0.9 0.9 0.7 0.3 -0.1 -0.7 -1.1 1975
1.0 0.9 0.8 0.7 0.6 0.2 -0.2 -0.6 -0.7 -0.3 1976
1.0 0.9 0.7 0.7 0.6 0.2 0.0 -0.3 -0.3 0.1 0.5 1977
0.8 0.7 0.5 0.5 0.3 0.0 -0.2 -0.5 -0.5 -0.3 -0.3 -1.2 1978
0.6 0.5 0.4 0.3 0.2 -0.1 -0.3 -0.6 -0.6 -0.5 -0.5 -1.1 -1.0 1979
0.5 0.4 0.2 0.2 0.0 -0.3 -0.5 -0.7 -0.8 -0.7 -0.8 -1.3 -1.3 -1.6 1980
0.5 0.4 0.3 0.2 0.1 -0.1 -0.3 -0.5 -0.5 -0.4 -0.5 -0.7 -0.6 -0.4 0.9 1981
1.0 0.9 0.8 0.8 0.8 0.6 0.5 0.4 0.5 0.8 0.9 1.0 1.6 2.4 4.5 8.4 1982
1.4 1.4 1.4 1.4 1.4 1.3 1.2 1.3 1.4 1.8 2.1 2.3 3.0 4.1 6.0 8.7 9.0 1983
1.7 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.8 2.2 2.5 2.8 3.4 4.3 5.9 7.6 7.2 5.4 1984
1.9 1.9 1.9 2.0 2.0 1.9 2.0 2.0 2.3 2.6 2.9 3.2 3.9 4.7 6.0 7.4 7.0 6.0 6.7 1985
2.0 2.0 2.0 2.1 2.1 2.1 2.1 2.2 2.4 2.8 3.1 3.4 4.0 4.7 5.8 6.8 6.4 5.5 5.6 4.5 1986
2.2 2.2 2.2 2.3 2.3 2.3 2.4 2.5 2.7 3.0 3.3 3.6 4.2 4.8 5.8 6.6 6.3 5.6 5.7 5.1 5.8 1987
2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.5 2.7 3.0 3.3 3.5 4.0 4.5 5.3 6.0 5.6 4.9 4.8 4.2 4.1 2.4 1988
2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 2.7 3.0 3.3 3.5 3.9 4.4 5.1 5.7 5.3 4.7 4.5 4.0 3.8 2.9 3.3 1989
2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.7 2.9 3.1 3.4 3.6 4.0 4.5 5.1 5.6 5.2 4.7 4.6 4.2 4.1 3.5 4.1 4.8 1990
2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.6 2.8 3.1 3.3 3.5 3.9 4.3 4.8 5.2 4.9 4.4 4.3 3.9 3.7 3.2 3.5 3.6 2.4 1991
2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.7 2.8 3.1 3.3 3.5 3.8 4.2 4.7 5.1 4.7 4.3 4.1 3.8 3.6 3.2 3.4 3.5 2.8 3.2 1992
2.3 2.4 2.4 2.4 2.5 2.5 2.5 2.6 2.7 3.0 3.1 3.3 3.6 4.0 4.4 4.7 4.4 3.9 3.8 3.4 3.2 2.8 2.9 2.8 2.1 2.0 0.8 1993
2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 2.6 2.8 3.0 3.1 3.4 3.7 4.1 4.4 4.0 3.6 3.4 3.1 2.9 2.5 2.5 2.3 1.7 1.5 0.6 0.5 1994
2.3 2.3 2.3 2.3 2.4 2.3 2.4 2.4 2.6 2.8 2.9 3.1 3.3 3.6 3.9 4.2 3.8 3.4 3.3 2.9 2.7 2.4 2.4 2.2 1.7 1.5 1.0 1.0 1.6 1995
2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 2.6 2.8 2.9 3.1 3.3 3.6 3.9 4.1 3.8 3.4 3.3 3.0 2.8 2.5 2.5 2.4 2.0 1.9 1.6 1.8 2.5 3.4 1996
2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 2.6 2.8 2.9 3.0 3.3 3.5 3.8 4.0 3.7 3.3 3.2 2.9 2.7 2.4 2.5 2.3 2.0 1.9 1.7 1.9 2.4 2.8 2.2 1997
2.3 2.4 2.4 2.4 2.4 2.4 2.5 2.5 2.6 2.8 3.0 3.1 3.3 3.5 3.8 4.0 3.7 3.4 3.2 3.0 2.8 2.6 2.6 2.5 2.2 2.2 2.1 2.3 2.8 3.2 3.1 4.0 1998
2.4 2.4 2.4 2.5 2.5 2.5 2.5 2.6 2.7 2.9 3.0 3.1 3.3 3.5 3.8 4.0 3.7 3.4 3.3 3.1 2.9 2.7 2.7 2.7 2.4 2.4 2.3 2.6 3.0 3.4 3.4 4.0 4.1 1999
2.4 2.4 2.4 2.5 2.5 2.5 2.5 2.6 2.7 2.9 3.0 3.1 3.3 3.5 3.8 3.9 3.7 3.4 3.2 3.0 2.9 2.7 2.7 2.7 2.5 2.5 2.4 2.6 3.0 3.2 3.2 3.5 3.3 2.6 2000
2.4 2.4 2.4 2.5 2.5 2.5 2.5 2.6 2.7 2.9 3.0 3.1 3.3 3.5 3.7 3.9 3.6 3.4 3.2 3.0 2.9 2.7 2.8 2.7 2.5 2.5 2.5 2.7 3.0 3.2 3.2 3.4 3.3 2.9 3.1 2001
2.4 2.4 2.5 2.5 2.5 2.5 2.6 2.6 2.7 2.9 3.0 3.1 3.3 3.5 3.7 3.8 3.6 3.3 3.2 3.0 2.9 2.7 2.8 2.7 2.5 2.6 2.5 2.7 3.0 3.2 3.1 3.3 3.1 2.8 2.9 2.8 2002
2.3 2.4 2.4 2.4 2.4 2.4 2.5 2.5 2.6 2.7 2.8 2.9 3.1 3.3 3.5 3.6 3.4 3.1 3.0 2.8 2.7 2.5 2.5 2.5 2.3 2.3 2.2 2.3 2.6 2.7 2.6 2.6 2.4 2.0 1.8 1.1 -0.6
2.3 2.3 2.3 2.3 2.3 2.3 2.4 2.4 2.5 2.6 2.7 2.8 3.0 3.1 3.3 3.4 3.2 2.9 2.8 2.6 2.5 2.3 2.3 2.3 2.1 2.1 2.0 2.1 2.2 2.3 2.2 2.2 1.9 1.4 1.1 0.5 -0.6
2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.3 2.3 2.5 2.6 2.6 2.8 2.9 3.1 3.2 3.0 2.7 2.6 2.4 2.3 2.1 2.1 2.0 1.8 1.8 1.7 1.7 1.9 1.9 1.7 1.7 1.3 0.9 0.5 -0.1 -1.0
2.1 2.1 2.1 2.1 2.2 2.1 2.2 2.2 2.3 2.4 2.5 2.5 2.7 2.8 3.0 3.1 2.9 2.6 2.5 2.3 2.2 2.0 2.0 1.9 1.7 1.6 1.5 1.6 1.7 1.7 1.5 1.5 1.1 0.7 0.4 -0.1 -0.8
2.1 2.1 2.1 2.1 2.2 2.2 2.2 2.2 2.3 2.4 2.5 2.5 2.7 2.8 3.0 3.0 2.8 2.6 2.5 2.3 2.2 2.0 2.0 1.9 1.7 1.7 1.6 1.7 1.8 1.8 1.6 1.6 1.3 1.0 0.7 0.3 -0.1
2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.2 2.3 2.4 2.4 2.5 2.6 2.7 2.9 3.0 2.8 2.5 2.4 2.2 2.1 2.0 1.9 1.9 1.7 1.7 1.6 1.6 1.7 1.7 1.6 1.5 1.3 1.0 0.8 0.5 0.1
2.1 2.1 2.1 2.1 2.2 2.2 2.2 2.2 2.3 2.4 2.5 2.5 2.6 2.8 2.9 3.0 2.8 2.6 2.4 2.3 2.2 2.0 2.0 1.9 1.8 1.8 1.7 1.7 1.8 1.8 1.7 1.7 1.5 1.2 1.0 0.8 0.5
2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.1 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.6 2.4 2.3 2.1 2.0 1.8 1.8 1.7 1.6 1.5 1.4 1.5 1.5 1.5 1.4 1.4 1.1 0.9 0.7 0.4 0.2
1.9 1.9 1.9 2.0 2.0 2.0 2.0 2.0 2.1 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.5 2.2 2.1 2.0 1.9 1.7 1.7 1.6 1.4 1.4 1.3 1.3 1.4 1.4 1.2 1.2 1.0 0.7 0.5 0.3 0.0
1.8 1.8 1.8 1.8 1.9 1.8 1.8 1.9 1.9 2.0 2.1 2.1 2.2 2.3 2.4 2.5 2.3 2.1 2.0 1.8 1.7 1.5 1.5 1.4 1.3 1.2 1.1 1.1 1.2 1.1 1.0 0.9 0.7 0.4 0.3 0.0 -0.3
1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 2.0 2.0 2.1 2.2 2.3 2.4 2.2 2.0 1.8 1.7 1.6 1.4 1.4 1.3 1.1 1.1 1.0 1.0 1.0 1.0 0.8 0.8 0.5 0.3 0.1 -0.1 -0.4
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
D I M E N S I O N A L F U N D A D VI S O R S
1978
1.8
15.7
16.6
14.4
14.8
16.8
16.9
15.0
15.4
12.5
12.5
11.2
7.6
8.4
8.6
8.8
8.3
8.4
9.5
9.9
8.4
7.7
8.5
8.6
8.3
9.1
9.8
9.8
10.5
9.3
7.3
7.8
8.3
8.2
8.4
1978
1979
31.5
24.8
19.0
18.3
20.1
19.6
17.0
17.2
13.7
13.6
12.1
8.1
8.9
9.1
9.3
8.7
8.8
10.0
10.4
8.7
8.0
8.8
8.9
8.5
9.5
10.1
10.1
10.9
9.6
7.5
8.0
8.5
8.4
8.6
1979
1978–2012: Real Returns (%), Inflation-Adjusted
1980
18.4
13.2
14.3
17.4
17.4
14.8
15.3
11.7
11.8
10.3
6.1
7.3
7.6
7.9
7.4
7.5
8.8
9.3
7.6
7.0
7.8
7.9
7.6
8.6
9.4
9.4
10.2
8.9
6.7
7.3
7.8
7.8
8.0
1980
1981
8.2
12.2
17.1
17.1
14.0
14.8
10.7
11.0
9.5
5.0
6.3
6.7
7.1
6.6
6.8
8.2
8.8
7.1
6.4
7.3
7.5
7.2
8.2
9.0
9.0
9.9
8.5
6.3
6.9
7.5
7.5
7.7
1981
1982
16.4
21.7
20.2
15.5
16.1
11.2
11.4
9.6
4.6
6.1
6.6
7.0
6.5
6.7
8.2
8.8
7.0
6.3
7.3
7.4
7.1
8.2
9.0
9.1
9.9
8.6
6.2
6.9
7.5
7.4
7.7
1982
GROWTH OF $1
1983
27.3
22.1
15.3
16.0
10.2
10.5
8.7
3.3
5.0
5.7
6.2
5.7
6.0
7.7
8.3
6.4
5.7
6.8
7.0
6.7
7.8
8.7
8.8
9.7
8.3
5.9
6.5
7.2
7.1
7.4
1983
$100,000
1984
17.2
9.7
12.5
6.2
7.5
5.9
0.2
2.5
3.5
4.3
3.9
4.4
6.3
7.1
5.2
4.5
5.7
6.0
5.7
6.9
7.9
8.0
9.0
7.5
5.1
5.8
6.5
6.5
6.8
1984
$10,000
1985
2.6
10.2
2.8
5.2
3.7
-2.4
0.6
1.9
3.0
2.7
3.3
5.4
6.3
4.4
3.7
5.0
5.3
5.1
6.4
7.5
7.6
8.6
7.1
4.6
5.4
6.1
6.1
6.4
1985
1986
18.4
2.9
6.0
4.0
-3.3
0.2
1.8
3.0
2.7
3.3
5.7
6.7
4.5
3.8
5.2
5.5
5.2
6.6
7.7
7.8
8.9
7.3
4.7
5.5
6.2
6.2
6.6
1986
$1,000
1987
-10.5
0.3
-0.4
-8.1
-3.1
-0.7
1.0
0.9
1.8
4.5
5.6
3.4
2.7
4.3
4.7
4.5
6.0
7.2
7.3
8.4
6.8
4.1
5.0
5.8
5.8
6.1
1987
1988
12.5
5.1
-7.3
-1.1
1.4
3.1
2.6
3.4
6.3
7.4
4.8
3.9
5.5
5.9
5.5
7.1
8.3
8.4
9.5
7.8
4.9
5.7
6.5
6.5
6.9
1988
$100
1989
-1.8
-15.8
-5.2
-1.2
1.3
1.1
2.2
5.6
6.9
4.0
3.2
4.9
5.4
5.1
6.8
8.0
8.2
9.4
7.5
4.5
5.4
6.3
6.3
6.6
1989
1990
-27.8
-6.9
-1.1
2.1
1.7
2.9
6.7
8.0
4.7
3.7
5.6
6.0
5.6
7.4
8.7
8.8
10.1
8.1
4.9
5.8
6.7
6.7
7.0
1990
$17
$10
1991
20.1
15.9
14.6
10.7
10.5
13.9
14.4
9.7
7.9
9.7
9.8
9.0
10.8
12.0
11.8
13.0
10.7
7.1
7.9
8.8
8.7
8.9
1991
1992
11.7
11.9
7.8
8.2
12.7
13.5
8.3
6.5
8.6
8.8
8.1
10.0
11.4
11.3
12.6
10.1
6.3
7.3
8.2
8.1
8.4
1992
$1
1993
12.1
5.8
7.0
12.9
13.8
7.7
5.8
8.2
8.5
7.7
9.8
11.3
11.2
12.6
10.0
6.0
7.0
8.0
7.9
8.3
1993
1994
0.0
4.5
13.2
14.3
6.9
4.8
7.7
8.0
7.2
9.6
11.3
11.2
12.7
9.9
5.6
6.7
7.8
7.7
8.1
1994
1995
9.3
20.4
19.5
8.6
5.7
9.0
9.2
8.2
10.8
12.5
12.2
13.8
10.7
6.0
7.2
8.3
8.2
8.6
1995
$0
1978
1926
1996
32.6
24.9
8.4
4.9
8.9
9.2
8.0
10.9
12.8
12.5
14.2
10.8
5.8
7.1
8.2
8.1
8.5
1996
1997
17.7
-2.0
-3.0
3.7
5.0
4.4
8.1
10.5
10.5
12.5
9.0
3.8
5.3
6.7
6.6
7.2
1997
2012
Data provided by Dow Jones Indexes.
1998
-18.3
-12.0
-0.6
2.1
1.9
6.6
9.6
9.6
12.0
8.2
2.6
4.3
5.9
5.9
6.5
1998
1999
-5.1
9.7
10.0
7.7
12.5
15.1
14.3
16.5
11.6
5.0
6.7
8.2
8.0
8.5
1999
2000
26.8
18.4
12.4
17.3
19.6
17.9
19.9
13.9
6.2
7.9
9.5
9.2
9.7
2000
2001
10.6
5.8
14.4
17.9
16.3
18.8
12.1
3.9
6.0
7.9
7.7
8.3
2001
2002
1.2
16.3
20.4
17.7
20.5
12.4
2.9
5.5
7.6
7.5
8.1
2002
2003
33.7
31.3
23.8
25.9
14.8
3.2
6.1
8.4
8.2
8.9
2003
2004
29.0
19.1
23.5
10.5
-2.0
2.1
5.2
5.4
6.4
2004
2005
10.1 2006
20.8 32.6
4.9 2.5
-8.5 -13.9
-2.6 -5.5
1.7 0.1
2.4 1.1
3.9 3.0
2005 2006
2007
-20.8
-30.6
-15.6
-6.7
-4.2
-1.2
2007
2008
-39.3
-12.8
-1.4
0.5
3.2
2008
2009
25.1 2010
25.6 26.2 2011
18.8 15.8 6.2 2012
17.9 15.6 10.6 15.1
2009 2010 2011 2012
DOW JONES-UBS
COMMODITY INDEX
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2003
-0.7
-1.2
-0.9
0.0
0.2
0.7
0.3
0.1
-0.2
-0.4
2003
2004
-1.8 2005
-1.0 -0.1 2006
0.2 1.2 2.5 2007
0.5 1.2 1.9 1.3 2008
1.0 1.7 2.3 2.2 3.0 2009
0.4 0.9 1.1 0.7 0.4 -2.2 2010
0.2 0.5 0.7 0.2 -0.2 -1.7 -1.2 2011
-0.2 0.1 0.1 -0.4 -0.8 -2.0 -2.0 -2.7 2012
-0.3 -0.1 -0.1 -0.6 -0.9 -1.9 -1.8 -2.1 -1.5
2004 2005 2006 2007 2008 2009 2010 2011 2012
1992
1992 0.7 1993
1993 -1.6 -3.7
1994 3.2 4.6
1995 5.4 7.1
1996 8.0 10.0
1997 5.8 6.8
1998 0.1 0.0
1999 2.5 2.7
2000 5.0 5.6
2001 2.1 2.2
2002 3.8 4.2
2003 5.2 5.6
2004 5.2 5.6
2005 6.1 6.5
2006 5.6 6.0
2007 6.0 6.4
2008 2.9 3.1
2009 3.6 3.8
2010 4.2 4.4
2011 3.1 3.2
2012 2.8 2.9
1992 1993
1992–2012: Real Returns (%), Inflation-Adjusted
1994
13.6
12.9
15.0
9.6
0.7
3.9
7.0
3.0
5.1
6.6
6.5
7.4
6.8
7.1
3.5
4.3
4.9
3.6
3.2
1994
1995
12.2
15.7
8.3
-2.3
2.0
5.9
1.6
4.0
5.9
5.9
6.9
6.2
6.6
2.8
3.7
4.3
3.0
2.7
1995
GROWTH OF $1
1996
19.2
6.4
-6.7
-0.4
4.7
-0.1
2.9
5.1
5.2
6.3
5.7
6.2
2.2
3.1
3.8
2.5
2.2
1996
$100,000
1997
-5.0
-17.4
-6.2
1.3
-3.5
0.4
3.2
3.5
5.0
4.4
5.1
0.9
1.9
2.8
1.5
1.2
1997
1998
-28.2
-6.7
3.5
-3.2
1.6
4.7
4.8
6.3
5.5
6.1
1.4
2.5
3.4
1.9
1.6
1998
$10,000
1999
21.1
24.3
7.0
10.8
12.9
11.6
12.4
10.7
10.8
5.0
5.9
6.6
4.7
4.2
1999
2000
27.5
0.5
7.5
10.9
9.8
11.1
9.3
9.6
3.3
4.5
5.4
3.5
3.0
2000
$1,000
2001
-20.7
-1.3
5.8
5.8
8.0
6.6
7.3
0.6
2.2
3.4
1.5
1.1
2001
2002
23.0 2003
22.3 21.6
16.5 13.4
16.7 14.7
13.1 10.7
1926
12.8 10.9
4.1 1.3
5.5 3.2
6.5 4.6
4.1 2.1
3.4 1.6
2002 2003
MATR IX BOOK 2013
$100
2004
5.7
11.4
7.3
8.4
-2.4
0.4
2.4
-0.1
-0.4
2004
$10
2005
17.4
8.1
9.3
-4.3
-0.6
1.9
-0.9
-1.1
2005
$1.78
$1
2006
-0.5
5.4
-10.6
-4.6
-1.0
-3.6
-3.5
2006
2007
11.7
-15.3
-6.0
-1.1
-4.2
-4.0
2007
2008
-35.7
-13.7
-5.0
-7.8
-6.8
2008
$0
1992
2009
15.8 2010
15.4 15.1 2011
3.9 -1.6 -15.8 2012
2.2 -2.0 -9.5 -2.8
2009 2010 2011 2012
2012
Data provided by Dow Jones Indexes.
57

31. BALANCED STRATEGIES:
BALANCED STRATEGIES:
WEIGHTS
SUMMARY STATISTICS
Index statistics as of December 31, 2012
Fixed
Conservative
Moderate
Normal
Aggressive
Equity
0%
20%
40%
60%
80%
100%
US Stocks
0%
14%
28%
42%
56%
70%
Large Cap
0.0
4.0
8.0
12.0
16.0
20.0
Large Cap Value
0.0
4.0
8.0
12.0
16.0
20.0
SMALL Cap
0.0
2.0
4.0
6.0
8.0
0.0
2.0
4.0
6.0
8.0
10.0
Real Estate strategy
0.0
2.0
4.0
6.0
8.0
10.0
NON-US Stocks
0%
6%
12%
18%
24%
30%
Value
0.0
2.0
4.0
6.0
8.0
10.0
Small Cap
0.0
1.0
2.0
3.0
4.0
0.0
1.0
2.0
3.0
4.0
5.0
Emerging Markets
0.0
0.6
1.2
1.8
2.4
3.0
Moderate
Normal
Aggressive
Equity
0%
20%
40%
60%
80%
100%
100%
80%
60%
40%
20%
0%
One-Year TOTAL RETURN (%)
1.1
4.7
8.4
12.1
15.8
19.6
Three-Year Annualized Return (%)
1.7
3.6
5.5
7.2
8.9
10.3
FIVE-Year Annualized Return (%)
2.5
2.9
3.0
2.8
2.4
1.7
TEN-Year Annualized Return (%)
2.9
4.8
6.6
8.2
9.7
11.0
Twenty-Year Annualized Return (%)
4.5
6.0
7.3
8.5
9.6
10.5
Annualized Return (%)
1973–2012
6.8
8.2
9.6
10.9
12.1
13.2
ANNUALIZED Standard Deviation (%)
1973–2012
2.5
3.8
6.6
9.6
12.7
15.8
5.0
Small Cap Value
Conservative
10.0
Small Cap Value
Fixed
Equity
S&P 500 Index
DIMENSIONAL US Large CAP Value index
DIMENSIONAL US Small CAP index
DIMENSIONAL US Small CAP Value Index
Dow Jones US SELECT REIT Index
DIMENSIONAL International Value index
DIMENSIONAL International Small Cap index
DIMENSIONAL international small cap value index
DIMENSIONAL Emerging Markets Index
Emerging Markets Value
0.0
0.6
1.2
1.8
2.4
0.0
0.8
1.6
2.4
3.2
4.0
100%
80%
60%
40%
20%
0%
One-Year
25.0
20.0
15.0
10.0
5.0
25.0
20.0
15.0
10.0
5.0
0.0
FIVE-Year Government
25.0
20.0
15.0
10.0
5.0
0.0
FIVE-Year Global
25.0
20.0
15.0
10.0
5.0
0.0
Lowest ONE-YEAR Return (%)
0.5
(1/94-12/94)
-9.9
(3/08-2/09)
-22.2
(3/08-2/09)
-33.3
(3/08-2/09)
-43.2
(3/08-2/09)
-51.9
(3/08-2/09)
0.0
TWo-Year Global
FiXED INCOME
3.0
Emerging Markets Small Cap
Equity
DIMENSIONAL Emerging Markets value Index
DIMENSIONAL Emerging Markets Small CAp Index
Fixed Income
bofa Merrill Lynch One-Year US Treasury Note Index
Citigroup World Government bond Index 1-3 Years (hedged)
Barclays Treasury Bond Index 1-5 Years
Citigroup World Government bond Index 1-5 Years (hedged)
Real Estate Strategy weighting allocated evenly between US Small Cap and US Small Cap Value prior to January 1978 data inception.
International Value weighting allocated to Fama/French International Value Index prior to January 1994 data inception, and evenly between International Small Cap and MSCI EAFE Index (net
dividends) prior to January 1975 data inception. International Small Cap Value weighting allocated to International Small Cap prior to July 1981 data inception.
Emerging Markets weighting allocated to MSCI Emerging Markets Index (gross dividends) prior to January 1994 data inception, and evenly between International Small Cap and International
Value prior to January 1988 data inception.
Emerging Markets Value and Small Cap weighting allocated evenly between International Small Cap and International Value prior to January 1989 data inception. Two-Year Global weighting
allocated to One-Year prior to January 1985 data inception.
Five-Year Government weighting allocated to Barclays US Government Bond Index Intermediate prior to January 1976 data inception.
Lowest Annualized
three-YEAR Return (%)
Highest ONE-YEAR Return (%)
highest Annualized
three-YEAR Return (%)
Growth of $1
1973–2012
1.5
(12/09-11/12)
22.6
(10/81-9/82)
15.7
0.6
(3/06-2/09)
25.4
(7/82-6/83)
17.3
-4.3
(3/06-2/09)
33.5
(7/82-6/83)
21.6
-9.2
(3/06-2/09)
45.6
(3/09-2/10)
26.9
-14.0
(3/06-2/09)
62.9
(3/09-2/10)
32.4
-18.8
(3/06-2/09)
81.9
(3/09-2/10)
38.1
(3/80-2/83)
(4/80-3/83)
(8/84-7/87)
(8/84-7/87)
(8/84-7/87)
(8/84-7/87)
$13.68
$23.68
$39.35
$62.74
$95.93
$140.58
Assumes all strategies have been rebalanced monthly. Highest and lowest one-year and three-year returns are calculated from periods overlapping monthly. Annualized standard deviation is
calculated from monthly data.
All performance results of the balanced strategies are based on performance of indices with model/back-tested asset allocations; the performance was achieved with the benefit of hindsight;
it does not represent actual investment strategies. The model’s performance does not reflect advisory fees or other expenses associated with the management of an actual portfolio. There are
limitations inherent in model allocations. In particular, model performance may not reflect the impact that economic and market factors may have had on the advisor’s decision-making if the
advisor were actually managing client money.
Past performance is no guarantee of future results.
Five-Year Global weighting allocated to Five-Year Government prior to January 1985 data inception.
For illustrative purposes only. The balanced strategies are not recommendations for an actual allocation.
Indices are not available for direct investment; their performance does not reflect the expenses associated with the management of an actual portfolio. Past performance is no guarantee of
future results.
58
D I M E N S I O N A L F U N D A D VI S O R S
MATR IX BOOK 2013
59

32. 1973
1973 5.1 1974
1974 6.5 7.9 1975
1975 7.0 7.9 7.9 1976
1976 7.3 8.0 8.1 8.3 1977
1977 6.7 7.1 6.8 6.2 4.2 1978
1973–2012: Total Returns (%)
1978 6.3 6.6 6.3 5.7 4.5 4.7 1979
1979 6.6 6.9 6.7 6.4 5.8 6.6 8.5 1980
1980 6.9 7.2 7.1 6.9 6.6 7.4 8.8 9.1 1981
1981 7.6 7.9 7.9 8.0 7.9 8.8 10.2 11.1 13.2 1982
GROWTH OF $1
1982 8.8 9.2 9.4 9.6 9.8 11.0 12.6 14.0 16.6 20.0 1983
$100,000
1983 8.8 9.2 9.3 9.5 9.7 10.6 11.8 12.7 13.9 14.3 8.8 1984
1984 9.2 9.6 9.7 9.9 10.1 11.0 12.1 12.8 13.8 14.0 11.1 13.4 1985
$10,000
1985 9.5 9.8 10.0 10.2 10.4 11.2 12.2 12.8 13.6 13.7 11.6 13.1 12.8 1986
1986 9.5 9.8 10.0 10.2 10.4 11.1 11.9 12.4 13.0 12.9 11.2 12.1 11.4 10.1 1987
$1,000
1987 9.3 9.6 9.7 9.8 10.0 10.6 11.3 11.6 12.0 11.8 10.2 10.5 9.6 8.0 6.0 1988
1988 9.1 9.4 9.5 9.6 9.7 10.2 10.8 11.0 11.3 11.0 9.6 9.7 8.8 7.5 6.3 6.5 1989
$100
1989 9.1 9.4 9.5 9.6 9.7 10.2 10.7 10.9 11.1 10.8 9.6 9.7 9.0 8.0 7.4 8.1 9.7 1990
$14
1990 9.1 9.3 9.4 9.5 9.6 10.1 10.5 10.7 10.9 10.6 9.5 9.6 9.0 8.2 7.7 8.3 9.2 8.8 1991
$10
1991 9.2 9.4 9.5 9.6 9.7 10.1 10.5 10.7 10.9 10.6 9.6 9.7 9.2 8.6 8.3 8.9 9.7 9.8 10.7 1992
$1
1992 9.0 9.2 9.3 9.4 9.5 9.8 10.2 10.3 10.4 10.2 9.3 9.3 8.8 8.3 8.0 8.4 8.8 8.5 8.4 6.1 1993
1993 8.9 9.1 9.2 9.2 9.3 9.6 9.9 10.0 10.1 9.9 9.0 9.0 8.5 8.0 7.7 8.0 8.3 8.0 7.7 6.2 6.2 1994
$0
1994 8.5 8.7 8.7 8.7 8.8 9.0 9.3 9.4 9.4 9.1 8.2 8.2 7.7 7.1 6.8 6.9 7.0 6.4 5.8 4.3 3.3 0.5 1995
1973
1926
2012
1995 8.6 8.8 8.8 8.9 8.9 9.2 9.4 9.5 9.5 9.3 8.5 8.5 8.0 7.5 7.3 7.4 7.6 7.2 6.9 6.0 5.9 5.8 11.3 1996
1996 8.5 8.7 8.7 8.7 8.8 9.0 9.3 9.3 9.3 9.1 8.3 8.3 7.9 7.4 7.2 7.3 7.4 7.1 6.8 6.0 6.0 5.9 8.7 6.2 1997
1997 8.4 8.6 8.6 8.7 8.7 8.9 9.1 9.2 9.2 8.9 8.2 8.2 7.8 7.4 7.1 7.2 7.3 7.0 6.8 6.1 6.1 6.1 8.0 6.5 6.7 1998
1998 8.4 8.5 8.6 8.6 8.6 8.8 9.0 9.1 9.1 8.8 8.2 8.1 7.7 7.4 7.1 7.2 7.3 7.1 6.8 6.3 6.3 6.4 7.9 6.8 7.0 7.3 1999
1999 8.2 8.3 8.4 8.4 8.4 8.6 8.8 8.8 8.8 8.5 7.9 7.8 7.4 7.1 6.9 6.9 7.0 6.7 6.5 5.9 5.9 5.9 7.0 5.9 5.8 5.4 3.4 2000
2000 8.2 8.3 8.3 8.4 8.4 8.5 8.7 8.7 8.7 8.5 7.9 7.8 7.5 7.1 6.9 7.0 7.1 6.8 6.6 6.2 6.2 6.2 7.1 6.3 6.4 6.3 5.7 8.1 2001
2001 8.2 8.3 8.3 8.3 8.3 8.5 8.7 8.7 8.6 8.4 7.8 7.8 7.5 7.1 6.9 7.0 7.1 6.8 6.7 6.3 6.3 6.3 7.1 6.5 6.5 6.5 6.2 7.6 7.1 2002
2002 8.1 8.2 8.2 8.2 8.2 8.3 8.5 8.5 8.5 8.3 7.7 7.6 7.3 7.0 6.8 6.9 6.9 6.7 6.5 6.2 6.2 6.1 6.9 6.3 6.3 6.2 5.9 6.7 6.1 5.1 2003
2003 7.9 8.0 8.0 8.0 7.9 8.1 8.2 8.2 8.2 8.0 7.4 7.3 7.0 6.7 6.5 6.6 6.6 6.3 6.2 5.8 5.8 5.7 6.3 5.7 5.6 5.4 5.1 5.5 4.6 3.4 1.8 2004
2004 7.7 7.7 7.7 7.7 7.7 7.8 8.0 7.9 7.9 7.7 7.1 7.1 6.8 6.5 6.3 6.3 6.3 6.0 5.8 5.5 5.4 5.3 5.8 5.2 5.1 4.9 4.5 4.7 3.9 2.8 1.8 1.7 2005
2005 7.5 7.6 7.6 7.6 7.5 7.6 7.8 7.7 7.7 7.5 6.9 6.9 6.5 6.2 6.0 6.1 6.0 5.8 5.6 5.2 5.2 5.1 5.5 5.0 4.8 4.6 4.2 4.3 3.6 2.7 2.0 2.1 2.4 2006
2006 7.4 7.5 7.5 7.4 7.4 7.5 7.6 7.6 7.5 7.3 6.8 6.7 6.4 6.1 6.0 5.9 5.9 5.7 5.5 5.2 5.1 5.0 5.4 4.9 4.8 4.5 4.2 4.3 3.7 3.0 2.5 2.7 3.3 4.1 2007
2007 7.4 7.4 7.4 7.4 7.4 7.5 7.6 7.6 7.5 7.3 6.8 6.7 6.4 6.2 6.0 6.0 6.0 5.8 5.6 5.3 5.2 5.1 5.5 5.0 4.9 4.7 4.5 4.6 4.1 3.6 3.3 3.7 4.4 5.4 6.6 2008
2008 7.3 7.4 7.4 7.4 7.4 7.5 7.6 7.5 7.5 7.3 6.8 6.7 6.4 6.2 6.0 6.0 6.0 5.8 5.6 5.3 5.3 5.2 5.6 5.1 5.0 4.9 4.7 4.8 4.4 4.0 3.8 4.2 4.9 5.7 6.5 6.4 2009
2009 7.2 7.2 7.2 7.2 7.2 7.3 7.3 7.3 7.2 7.0 6.6 6.5 6.2 6.0 5.8 5.8 5.8 5.6 5.4 5.1 5.0 5.0 5.3 4.9 4.8 4.6 4.3 4.4 4.0 3.7 3.5 3.7 4.2 4.6 4.8 3.8 1.3 2010
2010 7.0 7.1 7.1 7.0 7.0 7.1 7.2 7.1 7.1 6.9 6.4 6.3 6.1 5.8 5.6 5.6 5.6 5.4 5.2 4.9 4.9 4.8 5.1 4.7 4.6 4.4 4.1 4.2 3.8 3.5 3.3 3.5 3.8 4.1 4.1 3.2 1.7 2.0 2011
2011 6.9 7.0 6.9 6.9 6.9 6.9 7.0 7.0 6.9 6.7 6.3 6.2 5.9 5.7 5.5 5.5 5.4 5.2 5.1 4.8 4.7 4.6 4.9 4.5 4.4 4.2 4.0 4.0 3.7 3.3 3.1 3.3 3.5 3.7 3.6 2.9 1.7 1.9 1.9 2012
2012 6.8 6.8 6.8 6.7 6.7 6.8 6.8 6.8 6.7 6.5 6.1 6.0 5.7 5.5 5.3 5.3 5.2 5.0 4.9 4.6 4.5 4.4 4.7 4.3 4.2 4.0 3.8 3.8 3.4 3.1 2.9 3.1 3.2 3.3 3.2 2.5 1.6 1.7 1.5 1.1
1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Balanced strategy: fixed
100% fixed income
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
60
1973
0.2
0.7
5.4
7.2
7.1
7.4
7.9
8.5
8.9
9.9
10.2
10.4
10.9
11.1
10.9
10.9
11.0
10.6
10.8
10.6
10.6
10.1
10.3
10.2
10.1
10.0
9.9
9.8
9.7
9.4
9.4
9.3
9.1
9.1
9.0
8.6
8.6
8.5
8.3
8.2
1973
1974
1.2
8.1
9.6
8.9
8.8
9.2
9.8
10.0
11.1
11.3
11.4
11.9
12.0
11.7
11.6
11.7
11.2
11.4
11.1
11.1
10.6
10.7
10.7
10.6
10.5
10.3
10.2
10.0
9.7
9.7
9.6
9.4
9.4
9.3
8.8
8.9
8.8
8.5
8.4
1974
1975
15.5
14.1
11.7
10.9
10.9
11.3
11.4
12.4
12.5
12.5
12.9
13.0
12.5
12.4
12.4
11.9
12.0
11.7
11.7
11.1
11.2
11.1
11.0
10.9
10.7
10.5
10.4
10.0
10.0
9.9
9.7
9.7
9.5
9.1
9.1
9.0
8.8
8.6
1975
Balanced strategy: Conservative
1976
12.8
9.8
9.4
9.8
10.4
10.7
11.9
12.1
12.1
12.6
12.7
12.3
12.1
12.2
11.6
11.8
11.5
11.5
10.9
11.0
10.9
10.8
10.7
10.5
10.3
10.2
9.8
9.8
9.7
9.5
9.5
9.4
8.9
8.9
8.8
8.6
8.5
1976
1977
6.9
7.7
8.8
9.8
10.3
11.8
12.0
12.1
12.6
12.7
12.3
12.1
12.2
11.6
11.7
11.4
11.4
10.8
10.9
10.8
10.7
10.6
10.4
10.2
10.1
9.7
9.7
9.6
9.4
9.4
9.3
8.8
8.8
8.7
8.5
8.3
1977
20% equity, 80% fixed income
1978
8.5
9.8
10.8
11.1
12.8
12.9
12.8
13.4
13.4
12.8
12.6
12.6
11.9
12.1
11.7
11.7
11.0
11.2
11.0
10.9
10.7
10.6
10.4
10.2
9.9
9.9
9.7
9.5
9.5
9.3
8.8
8.8
8.8
8.5
8.4
1978
1973–2012: Total Returns (%)
1979
11.1
12.0
12.0
13.9
13.8
13.6
14.1
14.0
13.3
13.0
13.0
12.2
12.4
12.0
11.9
11.2
11.3
11.2
11.0
10.9
10.7
10.5
10.3
9.9
9.9
9.7
9.5
9.5
9.4
8.8
8.9
8.8
8.5
8.4
1979
1980
13.0
12.5
14.8
14.4
14.0
14.6
14.5
13.6
13.2
13.2
12.3
12.5
12.0
11.9
11.2
11.3
11.2
11.0
10.8
10.6
10.4
10.2
9.9
9.9
9.7
9.5
9.4
9.3
8.8
8.8
8.7
8.4
8.3
1980
1981
12.0
15.7
14.9
14.3
14.9
14.7
13.7
13.2
13.2
12.2
12.4
12.0
11.9
11.1
11.2
11.1
10.9
10.7
10.5
10.3
10.1
9.7
9.7
9.6
9.3
9.3
9.2
8.6
8.6
8.6
8.3
8.2
1981
1982
19.6
16.4
15.1
15.6
15.2
13.9
13.4
13.4
12.3
12.5
11.9
11.8
11.0
11.2
11.0
10.9
10.6
10.4
10.2
10.0
9.6
9.6
9.4
9.2
9.2
9.1
8.5
8.5
8.4
8.2
8.0
1982
1983
13.3
12.9
14.3
14.2
12.8
12.4
12.5
11.4
11.7
11.2
11.2
10.3
10.5
10.4
10.3
10.1
9.9
9.7
9.5
9.1
9.2
9.0
8.8
8.8
8.7
8.1
8.1
8.1
7.8
7.7
1983
GROWTH OF $1
1984
12.5
14.9
14.5
12.7
12.2
12.4
11.1
11.5
11.0
11.0
10.0
10.3
10.2
10.1
9.9
9.7
9.5
9.3
8.9
9.0
8.8
8.6
8.6
8.5
7.9
7.9
7.9
7.6
7.5
1984
$100,000
1985
17.3
15.5
12.8
12.2
12.3
10.9
11.4
10.8
10.8
9.8
10.1
10.0
9.9
9.7
9.5
9.3
9.1
8.7
8.8
8.6
8.4
8.4
8.3
7.7
7.8
7.7
7.4
7.3
1985
$10,000
1986
$1,000
13.7 1987
10.6 7.6 1988
$100
10.5 9.0 10.3 1989
11.1 10.3 11.6 13.0 1990
$10
9.6 8.7 9.0 8.4 3.9 1991
10.4 9.8 10.3 10.4 9.1 14.5 1992
$1
9.9 9.3 9.6 9.4 8.3 10.5 6.7 1993
10.0 9.5 9.8 9.7 8.9 10.6 8.7 10.7 1994
$0
9.0 8.4 8.5 8.2 7.3 8.1 6.1 5.8 1.2 1995
1973
1926
9.4 8.9 9.1 8.9 8.3 9.2 7.9 8.3 7.1 13.4 1996
9.4 8.9 9.1 8.9 8.4 9.1 8.1 8.4 7.7 11.1 8.8 1997
9.3 8.9 9.0 8.9 8.4 9.1 8.2 8.5 7.9 10.3 8.8 8.7 1998
9.2 8.8 8.9 8.8 8.3 8.9 8.1 8.3 7.8 9.6 8.3 8.1 7.4 1999
9.0 8.6 8.7 8.6 8.2 8.6 7.9 8.1 7.7 9.0 8.0 7.7 7.2 6.9 2000
8.8 8.5 8.6 8.4 8.0 8.4 7.8 7.9 7.5 8.6 7.7 7.4 7.0 6.8 6.6 2001
8.7 8.3 8.4 8.2 7.8 8.2 7.6 7.7 7.3 8.3 7.4 7.1 6.7 6.5 6.3 6.0 2002
8.2 7.9 7.9 7.8 7.4 7.7 7.1 7.1 6.7 7.4 6.6 6.2 5.7 5.3 4.7 3.8 1.7 2003
8.3 8.0 8.0 7.9 7.5 7.8 7.3 7.3 7.0 7.7 7.0 6.7 6.4 6.2 6.0 5.8 5.7 9.9 2004
8.2 7.9 7.9 7.8 7.4 7.7 7.2 7.2 6.9 7.5 6.8 6.6 6.3 6.1 6.0 5.8 5.7 7.8 5.7 2005
8.0 7.7 7.7 7.6 7.2 7.4 7.0 7.0 6.7 7.2 6.6 6.3 6.1 5.9 5.7 5.5 5.4 6.6 5.0 4.4 2006
8.0 7.7 7.7 7.6 7.3 7.5 7.0 7.1 6.8 7.3 6.7 6.5 6.3 6.1 6.0 5.9 5.9 7.0 6.0 6.2 8.1 2007
7.9 7.6 7.6 7.5 7.2 7.4 7.0 7.0 6.7 7.2 6.7 6.5 6.2 6.1 6.0 5.9 5.9 6.8 6.0 6.1 7.0 5.9 2008
7.3 7.0 7.0 6.8 6.5 6.7 6.2 6.2 5.9 6.2 5.7 5.5 5.2 4.9 4.7 4.5 4.3 4.7 3.7 3.2 2.8 0.3 -5.1 2009
7.4 7.1 7.1 6.9 6.6 6.8 6.4 6.4 6.1 6.4 6.0 5.7 5.5 5.3 5.2 5.0 4.9 5.3 4.6 4.4 4.4 3.2 1.8 9.2 2010
7.3 7.1 7.0 6.9 6.6 6.8 6.4 6.3 6.1 6.4 6.0 5.8 5.5 5.4 5.2 5.1 5.0 5.4 4.8 4.6 4.7 3.9 3.2 7.6 6.0 2011
7.0 6.8 6.8 6.6 6.3 6.4 6.0 6.0 5.8 6.0 5.6 5.4 5.1 5.0 4.8 4.6 4.5 4.8 4.2 4.0 3.9 3.1 2.4 5.1 3.1 0.2 2012
7.0 6.7 6.7 6.5 6.3 6.4 6.0 6.0 5.7 6.0 5.5 5.3 5.1 5.0 4.8 4.7 4.5 4.8 4.3 4.1 4.1 3.4 2.9 5.0 3.6 2.5 4.7
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
D I M E N S I O N A L F U N D A D VI S O R S
$24
2012
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1973
-4.6
-4.9
3.7
6.9
7.5
8.3
9.0
10.0
10.1
10.9
11.6
11.6
12.3
12.7
12.4
12.5
12.8
12.0
12.3
12.0
12.2
11.7
11.8
11.8
11.8
11.6
11.6
11.3
11.1
10.6
10.9
10.9
10.7
10.8
10.6
9.8
10.0
10.0
9.6
9.6
1973
1974
-5.3
8.1
11.1
10.7
11.0
11.5
12.2
12.1
12.8
13.3
13.2
13.9
14.1
13.7
13.8
13.9
13.0
13.3
13.0
13.1
12.5
12.7
12.6
12.5
12.3
12.2
12.0
11.7
11.2
11.4
11.4
11.2
11.3
11.1
10.2
10.4
10.4
10.0
10.0
1974
1975
23.3
20.3
16.6
15.5
15.2
15.5
14.8
15.3
15.6
15.2
15.8
15.9
15.4
15.3
15.4
14.3
14.5
14.1
14.1
13.5
13.6
13.5
13.4
13.1
13.0
12.7
12.4
11.8
12.1
12.0
11.8
11.8
11.6
10.7
10.9
10.9
10.5
10.4
1975
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1973
-9.3
-10.4
1.8
6.5
7.7
9.1
10.1
11.3
11.1
11.8
12.8
12.6
13.6
14.2
13.9
14.1
14.5
13.2
13.7
13.4
13.7
13.2
13.4
13.4
13.4
13.1
13.1
12.8
12.5
11.8
12.3
12.3
12.2
12.3
12.1
10.8
11.2
11.3
10.9
10.9
1973
1974
-11.4
7.9
12.4
12.4
13.1
13.7
14.6
14.0
14.5
15.3
14.8
15.8
16.2
15.7
15.9
16.1
14.7
15.1
14.7
15.0
14.3
14.5
14.5
14.4
14.1
14.1
13.7
13.3
12.6
13.1
13.1
13.0
13.1
12.8
11.5
11.8
11.9
11.5
11.5
1974
1975
31.4
26.5
21.7
20.3
19.5
19.7
18.2
18.2
18.7
17.9
18.6
18.8
18.1
18.1
18.3
16.6
16.9
16.4
16.6
15.8
15.9
15.8
15.7
15.3
15.3
14.8
14.4
13.6
14.1
14.0
13.9
13.9
13.6
12.2
12.6
12.6
12.2
12.2
1975
1976
17.3
13.4
13.0
13.2
13.9
13.4
14.2
14.7
14.3
15.1
15.3
14.7
14.7
14.8
13.7
14.0
13.6
13.7
13.0
13.1
13.0
12.9
12.7
12.6
12.3
12.0
11.4
11.7
11.6
11.4
11.5
11.3
10.3
10.5
10.5
10.2
10.1
1976
Balanced strategy: moderate
1977
9.6
11.0
11.9
13.1
12.7
13.7
14.3
13.9
14.8
15.1
14.5
14.5
14.6
13.4
13.7
13.3
13.4
12.8
12.9
12.8
12.7
12.5
12.4
12.1
11.8
11.2
11.5
11.4
11.2
11.3
11.1
10.1
10.3
10.3
10.0
9.9
1977
1978
12.3
13.0
14.3
13.4
14.5
15.1
14.6
15.5
15.7
15.0
14.9
15.0
13.7
14.0
13.6
13.7
12.9
13.1
13.0
12.9
12.6
12.5
12.2
11.9
11.3
11.6
11.5
11.3
11.3
11.1
10.1
10.4
10.3
10.0
9.9
1978
40% equity, 60% fixed income
1979
13.7
15.3
13.8
15.1
15.6
15.0
15.9
16.1
15.3
15.2
15.3
13.8
14.2
13.7
13.8
13.0
13.1
13.0
12.9
12.6
12.5
12.2
11.8
11.2
11.5
11.5
11.3
11.3
11.1
10.1
10.3
10.3
9.9
9.9
1979
1973–2012: Total Returns (%)
1980
16.9
13.8
15.5
16.1
15.2
16.3
16.4
15.5
15.3
15.4
13.9
14.2
13.7
13.8
12.9
13.1
13.0
12.9
12.6
12.5
12.1
11.8
11.1
11.4
11.4
11.2
11.2
11.0
9.9
10.2
10.2
9.8
9.7
1980
1981
10.8
14.8
15.9
14.8
16.2
16.4
15.3
15.1
15.3
13.6
14.0
13.4
13.5
12.7
12.9
12.8
12.6
12.3
12.2
11.9
11.5
10.9
11.2
11.1
11.0
11.0
10.8
9.7
10.0
10.0
9.6
9.5
1981
1982
19.0
18.5
16.1
17.6
17.5
16.0
15.8
15.9
13.9
14.3
13.6
13.8
12.8
13.0
12.9
12.8
12.4
12.3
11.9
11.6
10.9
11.2
11.2
11.0
11.0
10.8
9.7
9.9
9.9
9.5
9.5
1982
1983
17.9
14.7
17.1
17.1
15.5
15.3
15.4
13.2
13.8
13.1
13.3
12.3
12.5
12.5
12.4
12.0
11.9
11.5
11.2
10.5
10.9
10.8
10.6
10.7
10.5
9.3
9.6
9.6
9.2
9.2
1983
GROWTH OF $1
1984
11.6
16.6
16.9
14.8
14.7
15.0
12.6
13.3
12.6
12.9
11.8
12.1
12.1
12.0
11.6
11.6
11.2
10.8
10.1
10.5
10.5
10.3
10.4
10.2
9.0
9.3
9.3
8.9
8.9
1984
$100,000
1985
21.9
19.6
16.0
15.5
15.7
12.7
13.5
12.7
13.0
11.8
12.2
12.1
12.0
11.6
11.6
11.2
10.8
10.0
10.5
10.4
10.2
10.3
10.1
8.9
9.2
9.2
8.8
8.8
1985
1986
17.4
13.1
13.5
14.2
11.0
12.2
11.4
11.9
10.7
11.2
11.2
11.2
10.9
10.9
10.5
10.1
9.4
9.9
9.9
9.7
9.8
9.6
8.3
8.7
8.7
8.3
8.3
1986
$10,000
1987
9.0
11.6
13.1
9.5
11.2
10.5
11.2
9.9
10.6
10.7
10.7
10.4
10.4
10.0
9.6
8.9
9.4
9.5
9.3
9.4
9.2
7.9
8.3
8.4
8.0
8.0
1987
1988
14.2
15.3
9.6
11.7
10.8
11.5
10.1
10.8
10.8
10.8
10.5
10.5
10.1
9.7
8.9
9.5
9.5
9.3
9.5
9.2
7.9
8.3
8.4
7.9
8.0
1988
$1,000
1989
$100
16.4 1990
7.4 -0.9 1991
$10
10.9 8.2 18.2 1992
$1
9.9 7.9 12.6 7.2 1993
11.0 9.7 13.5 11.2 15.4 1994
$0
9.4 8.1 10.4 8.0 8.4 1.8 1995
1973
1926
10.3 9.3 11.5 9.8 10.7 8.5 15.6 1996
10.4 9.6 11.5 10.2 10.9 9.5 13.5 11.5 1997
10.5 9.7 11.4 10.2 10.9 9.8 12.6 11.1 10.7 1998
10.1 9.5 10.8 9.8 10.3 9.3 11.2 9.8 9.0 7.3 1999
10.2 9.6 10.8 9.9 10.3 9.5 11.1 10.0 9.5 8.9 10.5 2000
9.7 9.2 10.2 9.4 9.6 8.8 10.1 9.0 8.4 7.6 7.8 5.2 2001
9.4 8.8 9.7 8.9 9.1 8.3 9.3 8.3 7.7 6.9 6.8 5.0 4.8 2002
8.5 7.9 8.7 7.9 8.0 7.2 7.9 6.8 6.0 5.1 4.6 2.7 1.5 -1.8 2003
9.2 8.7 9.4 8.7 8.9 8.2 9.0 8.2 7.7 7.2 7.2 6.4 6.9 7.9 18.6 2004
9.2 8.7 9.5 8.8 8.9 8.4 9.1 8.4 8.0 7.6 7.7 7.1 7.6 8.5 14.1 9.8 2005
9.0 8.6 9.2 8.6 8.7 8.2 8.8 8.2 7.8 7.4 7.5 7.0 7.3 8.0 11.4 8.0 6.4 2006
9.2 8.8 9.4 8.9 9.0 8.5 9.1 8.5 8.2 8.0 8.0 7.7 8.1 8.8 11.6 9.4 9.2 12.1 2007
9.0 8.6 9.2 8.6 8.7 8.3 8.8 8.2 7.9 7.7 7.7 7.4 7.7 8.2 10.3 8.3 7.9 8.6 5.2 2008
7.6 7.2 7.6 7.0 7.0 6.5 6.8 6.2 5.7 5.3 5.1 4.5 4.5 4.4 5.5 3.0 1.4 -0.2 -5.8 -15.7 2009
8.0 7.6 8.1 7.6 7.6 7.1 7.5 6.9 6.6 6.2 6.2 5.7 5.8 5.9 7.1 5.3 4.4 3.9 1.3 -0.6 17.2 2010
8.1 7.7 8.2 7.7 7.7 7.3 7.6 7.1 6.8 6.5 6.5 6.1 6.2 6.4 7.4 5.9 5.3 5.1 3.4 2.8 13.5 10.0 2011
7.7 7.3 7.7 7.2 7.2 6.8 7.1 6.6 6.2 5.9 5.8 5.5 5.5 5.5 6.4 5.0 4.3 4.0 2.4 1.7 8.3 4.1 -1.6 2012
7.7 7.4 7.7 7.3 7.3 6.9 7.1 6.7 6.4 6.1 6.0 5.7 5.7 5.8 6.6 5.3 4.8 4.6 3.4 3.0 8.3 5.5 3.3 8.4
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$39
2012
Balanced strategy: normal
1976
21.9
17.0
16.8
16.7
17.5
16.1
16.4
17.2
16.5
17.4
17.8
17.1
17.2
17.4
15.7
16.1
15.6
15.8
15.1
15.2
15.1
15.0
14.7
14.6
14.2
13.7
13.0
13.5
13.5
13.3
13.4
13.1
11.7
12.1
12.1
11.7
11.7
1976
1977
12.4
14.3
15.0
16.4
15.0
15.6
16.6
15.8
17.0
17.4
16.7
16.8
17.0
15.2
15.7
15.2
15.5
14.7
14.8
14.8
14.7
14.3
14.3
13.9
13.4
12.7
13.2
13.2
13.0
13.1
12.8
11.4
11.8
11.9
11.4
11.4
1977
60% equity, 40% fixed income
1978
16.2
16.3
17.8
15.6
16.2
17.3
16.3
17.5
17.9
17.1
17.2
17.4
15.5
15.9
15.4
15.6
14.8
15.0
14.9
14.8
14.4
14.4
13.9
13.5
12.7
13.2
13.2
13.1
13.2
12.9
11.4
11.8
11.8
11.4
11.4
1978
1973–2012: Total Returns (%)
1979
16.3
18.5
15.5
16.2
17.5
16.3
17.7
18.1
17.2
17.3
17.5
15.4
15.9
15.3
15.6
14.7
14.9
14.9
14.8
14.3
14.3
13.8
13.4
12.5
13.1
13.1
12.9
13.1
12.7
11.2
11.6
11.7
11.2
11.2
1979
1980
20.7
15.0
16.1
17.7
16.3
18.0
18.4
17.3
17.4
17.6
15.3
15.9
15.2
15.6
14.6
14.8
14.8
14.7
14.2
14.2
13.7
13.2
12.3
13.0
13.0
12.8
12.9
12.6
11.0
11.5
11.6
11.0
11.1
1980
1981
9.5
13.9
16.8
15.2
17.4
18.0
16.8
17.0
17.3
14.8
15.4
14.8
15.2
14.2
14.4
14.4
14.3
13.9
13.9
13.4
12.9
12.0
12.6
12.7
12.5
12.6
12.3
10.7
11.2
11.3
10.7
10.8
1981
1982
18.4
20.5
17.1
19.4
19.8
18.1
18.1
18.3
15.4
16.0
15.2
15.6
14.6
14.8
14.8
14.6
14.2
14.1
13.6
13.0
12.1
12.8
12.8
12.6
12.8
12.4
10.7
11.2
11.3
10.8
10.8
1982
1983
22.7
16.5
19.8
20.1
18.0
18.1
18.3
15.0
15.8
14.9
15.4
14.3
14.5
14.5
14.4
13.9
13.9
13.3
12.8
11.8
12.5
12.6
12.4
12.5
12.2
10.5
11.0
11.1
10.5
10.6
1983
GROWTH OF $1
1984
10.6
18.4
19.3
16.9
17.1
17.6
14.0
14.9
14.1
14.7
13.5
13.9
13.9
13.8
13.3
13.4
12.8
12.2
11.2
12.0
12.1
11.9
12.1
11.8
10.0
10.5
10.7
10.1
10.2
1984
$100,000
1985
26.7
23.9
19.0
18.8
19.0
14.5
15.6
14.5
15.2
13.8
14.2
14.2
14.0
13.5
13.6
12.9
12.3
11.3
12.1
12.2
12.0
12.2
11.8
10.0
10.5
10.7
10.1
10.2
1985
1986
21.1
15.4
16.3
17.2
12.2
13.8
12.9
13.8
12.5
13.0
13.1
13.1
12.6
12.7
12.1
11.5
10.4
11.3
11.5
11.3
11.5
11.2
9.3
9.9
10.1
9.5
9.6
1986
$10,000
1987
10.0
14.0
15.9
10.1
12.4
11.6
12.8
11.4
12.1
12.3
12.4
11.9
12.1
11.4
10.9
9.8
10.8
11.0
10.8
11.1
10.8
8.8
9.4
9.6
9.1
9.2
1987
$1,000
1988
18.2
19.0
10.2
13.0
11.9
13.3
11.6
12.4
12.6
12.6
12.1
12.2
11.5
11.0
9.8
10.8
11.0
10.9
11.1
10.8
8.7
9.4
9.6
9.0
9.2
1988
1989
19.8
6.3
11.3
10.4
12.3
10.6
11.6
11.9
12.0
11.5
11.7
11.0
10.4
9.2
10.4
10.6
10.4
10.8
10.4
8.3
9.0
9.2
8.7
8.8
1989
$100
1990
-5.6
7.3
7.4
10.5
8.8
10.3
10.8
11.0
10.6
10.9
10.2
9.7
8.4
9.7
10.0
9.9
10.3
9.9
7.7
8.5
8.8
8.2
8.3
1990
1991
22.0
14.6
16.4
12.7
13.7
13.8
13.6
12.8
12.9
12.0
11.2
9.7
11.0
11.2
11.0
11.3
10.9
8.5
9.3
9.5
8.9
9.0
1991
$63
$10
1992
7.7
13.8
9.8
11.8
12.2
12.3
11.5
11.8
10.9
10.1
8.6
10.1
10.4
10.3
10.6
10.2
7.7
8.6
8.9
8.3
8.4
1992
1993
20.2
10.9
13.2
13.4
13.3
12.2
12.5
11.3
10.4
8.7
10.3
10.6
10.5
10.9
10.4
7.7
8.7
9.0
8.3
8.5
1993
$1
1994
2.3
9.8
11.2
11.6
10.6
11.2
10.1
9.3
7.5
9.4
9.8
9.7
10.2
9.8
7.0
8.0
8.4
7.7
7.9
1994
1995
1926
17.8 1996
16.0 14.2
14.9 13.4
12.8 11.2
13.1 11.9
11.5 10.2
10.3 9.1
8.2 6.9
10.2 9.3
10.6 9.8
10.4 9.7
10.9 10.2
10.3 9.7
7.3 6.5
8.4 7.8
8.7 8.2
8.0 7.4
8.2 7.7
1995 1996
MATR IX BOOK 2013
$0
1973
2012
1997
12.6 1998
9.7 6.9 1999
11.2 10.5 14.1 2000
9.3 8.1 8.8 3.7 2001
8.1 7.0 7.0 3.6 3.5 2002
5.7 4.4 3.8 0.6 -1.0 -5.2 2003
8.6 8.0 8.2 6.7 7.8 10.0 27.7 2004
9.3 8.8 9.1 8.1 9.3 11.3 20.6 13.9 2005
9.2 8.7 9.0 8.2 9.1 10.5 16.4 11.1 8.3 2006
9.9 9.6 9.9 9.3 10.3 11.7 16.4 12.8 12.2 16.3 2007
9.4 9.0 9.3 8.7 9.4 10.4 13.9 10.6 9.6 10.2 4.4 2008
5.9 5.3 5.2 4.2 4.3 4.4 6.1 2.2 -0.5 -3.3 -11.8 -25.5 2009
7.3 6.9 6.8 6.1 6.4 6.8 8.6 5.7 4.2 3.2 -0.9 -3.4 25.3 2010
7.7 7.4 7.4 6.8 7.2 7.6 9.3 6.9 5.8 5.2 2.7 2.1 19.5 14.0 2011
7.0 6.6 6.5 5.9 6.1 6.4 7.8 5.5 4.4 3.7 1.4 0.7 11.3 4.9 -3.5 2012
7.3 6.9 6.9 6.4 6.6 6.9 8.2 6.2 5.3 4.9 3.1 2.8 11.5 7.2 4.0 12.1
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
61

33. 1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
62
1973
-13.8
-15.6
-0.1
5.9
7.7
9.7
11.0
12.6
12.1
12.7
13.9
13.6
14.9
15.6
15.2
15.7
16.1
14.4
15.0
14.7
15.1
14.6
14.8
14.9
14.9
14.5
14.6
14.2
13.7
12.9
13.6
13.8
13.6
13.8
13.5
11.8
12.4
12.5
12.0
12.1
1973
1974
-17.3
7.5
13.5
13.9
15.2
15.8
17.0
15.9
16.1
17.2
16.5
17.7
18.2
17.6
17.9
18.3
16.4
16.9
16.4
16.8
16.1
16.3
16.3
16.2
15.8
15.9
15.4
14.9
14.0
14.7
14.8
14.6
14.8
14.5
12.7
13.2
13.3
12.8
12.8
1974
1973
-18.3
-20.7
-2.2
5.2
7.7
10.3
11.8
13.7
13.0
13.4
15.0
14.4
16.0
16.9
16.5
17.1
17.6
15.5
16.2
15.9
16.5
15.9
16.1
16.3
16.3
15.9
16.1
15.5
14.9
13.9
14.9
15.1
15.0
15.3
14.9
12.7
13.4
13.6
13.0
13.2
1973
1974
-22.9
7.0
14.5
15.4
17.1
17.8
19.3
17.6
17.6
19.0
18.0
19.5
20.1
19.5
19.9
20.3
17.9
18.5
18.0
18.6
17.8
18.0
18.1
18.0
17.5
17.6
17.0
16.3
15.2
16.2
16.4
16.2
16.5
16.1
13.7
14.4
14.6
14.0
14.1
1974
1975
39.8
33.0
26.8
25.1
23.8
24.0
21.6
21.1
21.8
20.5
21.5
21.8
20.9
21.0
21.1
18.9
19.3
18.6
19.0
18.1
18.2
18.1
18.0
17.5
17.5
16.9
16.3
15.3
16.0
16.0
15.9
16.0
15.6
13.7
14.2
14.3
13.7
13.8
1975
1975
48.4
39.5
32.0
30.0
28.2
28.3
25.0
23.9
24.9
23.1
24.3
24.7
23.6
23.8
24.0
21.1
21.6
20.8
21.3
20.3
20.4
20.4
20.2
19.6
19.7
18.9
18.1
16.9
17.8
18.0
17.8
18.0
17.5
15.0
15.7
15.9
15.2
15.3
1975
1976
26.5
20.7
20.6
20.1
21.0
18.8
18.6
19.7
18.6
19.8
20.2
19.4
19.6
19.9
17.6
18.1
17.5
17.9
17.1
17.2
17.2
17.1
16.6
16.6
16.0
15.4
14.4
15.2
15.3
15.1
15.3
14.9
13.0
13.5
13.6
13.1
13.1
1976
Balanced strategy: Aggressive
1977
15.3
17.7
18.1
19.7
17.3
17.4
18.8
17.6
19.1
19.6
18.8
19.1
19.4
17.0
17.6
17.0
17.4
16.6
16.7
16.8
16.6
16.2
16.2
15.6
15.0
14.0
14.8
14.9
14.8
14.9
14.6
12.6
13.2
13.3
12.7
12.8
1977
1978
20.2
19.6
21.2
17.8
17.8
19.4
17.9
19.6
20.1
19.2
19.4
19.8
17.1
17.7
17.1
17.6
16.6
16.8
16.8
16.7
16.2
16.3
15.6
15.0
14.0
14.8
14.9
14.7
14.9
14.5
12.5
13.1
13.2
12.6
12.7
1978
80% equity, 20% fixed income
1979
18.9
21.7
17.1
17.2
19.2
17.6
19.5
20.1
19.0
19.4
19.7
16.9
17.5
16.8
17.4
16.4
16.6
16.6
16.5
16.0
16.1
15.4
14.8
13.7
14.6
14.7
14.5
14.8
14.3
12.2
12.9
13.0
12.4
12.5
1979
1973–2012: Total Returns (%)
1980
24.6
16.1
16.6
19.3
17.3
19.6
20.3
19.1
19.4
19.8
16.7
17.4
16.7
17.3
16.3
16.5
16.5
16.4
15.9
15.9
15.3
14.6
13.5
14.4
14.5
14.4
14.6
14.2
12.0
12.7
12.8
12.2
12.3
1980
1981
8.3
12.9
17.6
15.5
18.6
19.6
18.3
18.8
19.3
15.9
16.8
16.1
16.7
15.7
16.0
16.0
15.9
15.4
15.5
14.8
14.2
13.0
14.0
14.1
14.0
14.2
13.8
11.6
12.3
12.5
11.8
12.0
1981
1982
17.7
22.6
18.1
21.3
22.0
20.0
20.4
20.7
16.8
17.7
16.8
17.5
16.3
16.5
16.6
16.4
15.8
15.9
15.2
14.5
13.2
14.2
14.4
14.2
14.5
14.0
11.7
12.4
12.6
12.0
12.1
1982
1983
27.7
18.3
22.6
23.1
20.5
20.8
21.2
16.7
17.7
16.7
17.4
16.2
16.5
16.5
16.4
15.7
15.8
15.0
14.3
13.0
14.1
14.3
14.1
14.3
13.9
11.5
12.2
12.4
11.8
11.9
1983
GROWTH OF $1
1984
9.6
20.1
21.6
18.8
19.5
20.1
15.2
16.5
15.5
16.5
15.2
15.6
15.7
15.6
14.9
15.1
14.3
13.6
12.3
13.4
13.7
13.5
13.8
13.4
10.9
11.7
11.9
11.2
11.4
1984
$100,000
1985
31.6
28.2
22.0
22.1
22.3
16.2
17.5
16.3
17.3
15.7
16.1
16.2
16.1
15.3
15.5
14.6
13.8
12.4
13.6
13.9
13.7
14.0
13.5
10.9
11.8
12.0
11.3
11.5
1985
1986
24.9
17.5
19.1
20.1
13.4
15.3
14.3
15.6
14.1
14.7
14.9
14.9
14.2
14.4
13.6
12.8
11.4
12.7
13.0
12.9
13.2
12.8
10.1
11.0
11.3
10.6
10.8
1986
$10,000
1987
10.6
16.3
18.6
10.6
13.5
12.6
14.3
12.8
13.6
13.9
14.0
13.3
13.7
12.8
12.0
10.6
12.0
12.4
12.3
12.7
12.2
9.5
10.4
10.7
10.0
10.3
1987
1988
22.4
22.8
10.6
14.3
13.0
14.9
13.1
14.0
14.3
14.3
13.6
13.9
13.0
12.2
10.6
12.1
12.5
12.4
12.8
12.3
9.4
10.4
10.7
10.0
10.2
1988
$1,000
1989
23.2
5.2
11.7
10.8
13.5
11.7
12.8
13.3
13.5
12.7
13.2
12.2
11.4
9.8
11.5
11.9
11.8
12.3
11.8
8.8
9.9
10.2
9.5
9.8
1989
1990
-10.2
6.3
6.9
11.2
9.5
11.2
12.0
12.3
11.6
12.2
11.3
10.5
8.9
10.7
11.2
11.1
11.6
11.2
8.1
9.3
9.7
8.9
9.2
1990
$96
$100
1991
25.8
16.6
19.4
15.0
16.0
16.2
15.9
14.7
15.0
13.7
12.6
10.6
12.5
12.9
12.7
13.2
12.6
9.3
10.4
10.8
9.9
10.2
1991
$10
1992
8.1
16.3
11.7
13.7
14.3
14.4
13.2
13.8
12.4
11.3
9.3
11.4
11.9
11.8
12.4
11.8
8.3
9.6
10.0
9.2
9.5
1992
1993
25.2
13.5
15.6
15.9
15.7
14.1
14.6
13.0
11.7
9.4
11.7
12.3
12.1
12.7
12.1
8.4
9.7
10.1
9.2
9.6
1993
1977
18.2
21.1
21.3
23.0
19.6
19.1
21.0
19.4
21.2
21.9
20.9
21.3
21.7
18.7
19.4
18.7
19.3
18.4
18.6
18.6
18.5
17.9
18.1
17.3
16.6
15.3
16.4
16.6
16.4
16.7
16.2
13.7
14.4
14.6
13.9
14.1
1977
1995
1926
20.1 1996
18.5 16.9
17.1 15.7
14.4 12.5
15.0 13.8
12.8 11.4
11.2 9.8
8.5 6.9
11.4 10.3
12.0 11.2
11.9 11.1
12.6 11.9
11.8 11.2
7.6 6.8
9.2 8.5
9.7 9.1
8.8 8.1
9.1 8.5
1995 1996
$0
1973
1997
14.6
10.4
12.8
10.0
8.4
5.3
9.4
10.5
10.4
11.4
10.7
5.9
7.8
8.5
7.5
8.0
1997
1998
6.4
11.9
8.6
6.9
3.6
8.6
9.9
9.9
11.1
10.3
5.2
7.3
8.1
7.0
7.6
1998
1999
17.8
9.7
7.1
2.9
9.0
10.5
10.5
11.7
10.7
5.1
7.4
8.2
7.1
7.7
1999
2000
2.2
2.1
-1.7
6.9
9.1
9.3
10.8
9.9
3.8
6.4
7.4
6.3
7.0
2000
2001
2.0
-3.5
8.6
10.9
10.8
12.3
11.0
4.0
6.9
7.9
6.6
7.4
2001
2002
-8.7
12.0
14.0
13.1
14.5
12.6
4.2
7.5
8.6
7.1
7.9
2002
2003
37.4
27.5
21.4
21.2
17.5
6.6
10.0
11.0
9.0
9.7
2003
2004
18.2
14.2
16.3
13.0
1.3
6.0
7.7
5.9
7.0
2004
2005
10.3
15.3
11.3
-2.5
3.8
6.0
4.3
5.6
2005
2006
20.6
11.8
-6.5
2.2
5.2
3.3
5.0
2006
2007
3.6
-17.6
-3.3
1.6
0.2
2.6
2007
2008
-34.5
-6.5
1.0
-0.7
2.4
2008
2009
33.4 2010
25.4 17.8 2011
14.1 5.5 -5.5 2012
14.5 8.9 4.6 15.8
2009 2010 2011 2012
1980
28.4
17.2
17.1
20.8
18.2
21.1
22.2
20.7
21.3
21.9
18.0
18.9
18.1
18.9
17.8
18.1
18.2
18.1
17.4
17.6
16.7
15.9
14.5
15.8
16.0
15.9
16.2
15.7
12.9
13.8
14.0
13.3
13.5
1980
1981
6.9
11.8
18.4
15.8
19.7
21.2
19.7
20.5
21.2
17.0
18.1
17.3
18.2
17.1
17.4
17.6
17.5
16.8
17.1
16.2
15.4
13.9
15.2
15.5
15.4
15.8
15.2
12.4
13.3
13.6
12.8
13.0
1981
GLOBAL
ALLOCATION
25/75
GLOBAL
ALLOCATION
60/40
16%
39%
64%
Core Equity 1 Strategy
4%
10%
16%
Core Equity 2 Strategy
12%
28%
46%
0.4%
0.9%
1.5%
7%
16%
27%
39%
2%
5%
9%
19%
75%
40%
0%
0%
STRATEGy weights
1973–2012: Total Returns (%)
1979
21.5
24.9
18.6
18.2
21.0
18.8
21.2
22.1
20.8
21.4
21.8
18.3
19.1
18.3
19.1
18.0
18.3
18.4
18.3
17.6
17.8
16.9
16.2
14.8
16.0
16.2
16.1
16.4
15.9
13.2
14.0
14.2
13.5
13.7
1979
The underlying core equity strategies in the US, international, and
emerging markets allocations combine marketwide stock coverage
with continuous access to the dimensions of higher expected returns,
rendering a powerful and cost-efficient alternative to a component-based
approach. Benefits may include improved market coverage, less frequent
rebalancing and trading, lower operating costs, and reduced tax impact.
2012
100% equity
1978
24.2
22.8
24.7
20.0
19.3
21.5
19.5
21.6
22.3
21.1
21.6
22.0
18.7
19.5
18.7
19.4
18.4
18.6
18.7
18.6
17.9
18.1
17.2
16.5
15.2
16.3
16.5
16.4
16.6
16.2
13.5
14.3
14.5
13.8
14.0
1978
Dimensional’s global strategies are designed to focus the world’s investing
opportunities into a set of cost-aware options for investors. Consistent
and efficient access to markets and broad diversification are its hallmarks.
$1
1994
2.9
11.1
13.0
13.4
12.0
12.9
11.3
10.1
7.8
10.5
11.2
11.1
11.8
11.2
7.3
8.8
9.3
8.4
8.8
1994
Balanced strategy: Equity
1976
31.1
24.4
24.4
23.6
24.6
21.4
20.8
22.2
20.6
22.1
22.7
21.7
22.0
22.4
19.5
20.1
19.4
20.0
19.0
19.2
19.2
19.1
18.5
18.6
17.8
17.1
15.8
16.9
17.0
16.9
17.1
16.7
14.2
14.9
15.1
14.4
14.5
1976
GLOBAL STRATEGIES
US Stocks
Real Estate Strategy
International Stocks
1982
16.9
24.6
19.0
23.2
24.2
21.9
22.6
23.1
18.2
19.3
18.3
19.2
17.9
18.2
18.3
18.2
17.4
17.6
16.7
15.8
14.3
15.6
15.9
15.8
16.1
15.6
12.6
13.5
13.8
13.0
13.2
1982
GROWTH OF $1
1983
32.8
20.0
25.3
26.2
22.9
23.5
24.0
18.3
19.5
18.4
19.4
18.0
18.3
18.4
18.3
17.5
17.7
16.7
15.8
14.2
15.6
15.9
15.7
16.1
15.5
12.4
13.4
13.7
12.9
13.1
1983
$100,000
1984
8.5
21.7
24.0
20.6
21.8
22.6
16.4
18.0
16.9
18.2
16.7
17.2
17.4
17.3
16.5
16.8
15.8
14.9
13.3
14.8
15.1
15.0
15.4
14.9
11.7
12.7
13.0
12.2
12.5
1984
1985
36.6
32.6
24.9
25.3
25.6
17.8
19.4
18.0
19.3
17.6
18.0
18.2
18.0
17.1
17.4
16.3
15.3
13.5
15.1
15.5
15.3
15.7
15.1
11.8
12.9
13.2
12.4
12.6
1985
1986
28.7
19.5
21.8
23.0
14.3
16.8
15.6
17.3
15.7
16.3
16.6
16.6
15.7
16.1
15.0
14.0
12.3
14.0
14.5
14.3
14.8
14.2
10.9
12.0
12.4
11.5
11.8
1986
1987
10.9
18.5
21.2
11.0
14.5
13.5
15.8
14.1
15.0
15.5
15.6
14.7
15.2
14.1
13.1
11.3
13.2
13.7
13.6
14.2
13.6
10.1
11.3
11.7
10.9
11.2
1987
1989
26.7
4.0
11.9
11.1
14.7
12.7
14.0
14.7
14.9
13.9
14.6
13.4
12.3
10.4
12.5
13.1
13.1
13.7
13.1
9.3
10.7
11.1
10.3
10.6
1989
$141
$100
1990
-14.6
5.2
6.3
11.8
10.1
12.1
13.1
13.5
12.6
13.5
12.2
11.2
9.2
11.6
12.3
12.3
13.0
12.4
8.5
9.9
10.4
9.6
10.0
1990
1991
29.6
18.6
22.4
17.3
18.3
18.5
18.2
16.6
17.1
15.3
13.9
11.5
13.9
14.5
14.3
15.0
14.2
9.9
11.4
11.9
10.9
11.2
1991
1993
30.3
16.1
18.1
18.5
18.1
15.9
16.7
14.5
12.9
10.1
13.1
13.8
13.7
14.5
13.6
8.9
10.6
11.2
10.1
10.5
1993
1995
1926
22.3 1996
21.0 19.6
19.4 18.0
15.8 13.7
16.9 15.6
14.0 12.5
12.0 10.4
8.6 6.8
12.4 11.2
13.4 12.4
13.3 12.4
14.2 13.5
13.3 12.6
7.9 6.8
9.9 9.0
10.6 9.8
9.4 8.6
9.9 9.2
1995 1996
Inflation-Protected Securities Strategy
$0
1973
1997
16.4
10.9
14.3
10.7
8.6
4.8
10.1
11.6
11.6
12.9
11.9
5.8
8.2
9.1
7.9
8.6
1997
D I M E N S I O N A L F U N D A D VI S O R S
2012
1999
21.5
10.6
7.1
1.9
9.7
11.8
11.8
13.4
12.2
4.9
7.8
8.9
7.5
8.3
1999
5%
11%
2%
15%
Selectively Hedged Global Strategy
Short-Term Extended Quality Strategy
1998
5.6
13.3
8.9
6.7
2.6
9.0
10.9
11.0
12.5
11.5
4.9
7.6
8.6
7.4
8.1
1998
30%
10%
5%
Intermediate-Term Extended Quality Strategy
2000
0.6
0.5
-3.9
7.0
9.9
10.3
12.3
11.0
3.2
6.5
7.8
6.4
7.4
2000
2001
0.4
-6.1
9.2
12.4
12.4
14.4
12.6
3.5
7.2
8.5
6.9
7.9
2001
World ex US Government Strategy
2002
-12.3
13.8
16.7
15.6
17.4
14.8
3.9
8.0
9.5
7.6
8.6
2002
2003
47.7
34.6
26.7
26.2
21.1
6.9
11.3
12.5
10.1
11.0
2003
2004
22.6
17.3
19.8
15.3
0.2
6.1
8.2
6.1
7.5
2004
42%
30%
Five-Year Global Strategy
$1
1994
3.4
12.5
14.8
15.2
13.2
14.6
12.5
10.9
8.0
11.5
12.4
12.4
13.3
12.5
7.6
9.4
10.1
9.1
9.6
1994
FIXED INCOME
Two-Year Global Strategy
$10
1992
8.6
18.9
13.5
15.7
16.4
16.4
14.8
15.6
13.9
12.4
9.9
12.7
13.4
13.3
14.1
13.3
8.9
10.5
11.0
10.0
10.4
1992
42%
Emerging Markets Core Strategy
$1,000
1988
26.6
26.7
11.1
15.4
14.0
16.6
14.6
15.5
16.0
16.0
15.0
15.6
14.3
13.3
11.4
13.4
13.9
13.8
14.3
13.7
10.1
11.3
11.8
10.9
11.2
1988
Selectively
Hedged Global
Equity
International Core Strategy
EMERGING MARKETS STOCKS
$10,000
GLOBAL
EQUITY
2005
12.2
18.4
12.9
-4.7
3.1
6.0
3.9
5.8
2005
4%
3%
As of December 31, 2012.
Diversification neither guarantees a profit nor prevents a loss.
2006
24.9
13.3
-9.8
1.0
4.8
2.6
4.9
2006
2007
2.7
-23.3
-5.9
0.3
-1.3
1.9
2007
2008
-42.7
-10.0
-0.5
-2.3
1.7
2008
2009
41.5 2010
31.2 21.6 2011
16.7 6.0 -7.6 2012
17.4 10.3 5.1 19.6
2009 2010 2011 2012
MATR IX BOOK 2013
63

34. WORLD MARKET CAPITALIZATION
This cartogram illustrates the balance of equity investment opportunities
around the world, with each country sized according to its relative market
capitalization. Of course, this is just a snapshot in time. The world is in
motion, and markets are continually adjusting to changing expectations
that ride on bits and waves of new information. The change can be gradual
or sudden. But this dynamic landscape also offers a testament to the
increased flow of data and quickened response of market participants.
$37.5 Trillion as of December 31, 2012
Where Dimensional Invests: ■■ Developed Markets ■ Emerging Markets ■ Not Invested
CANADA
$1,629B
As global competition intensifies, securities prices hasten toward
equilibrium. This view of the world has profound implications. Rather
than trying to predict the future direction of markets, Dimensional
builds strategies that seek diversified access to the dimensions of higher
expected returns around the world. Capital flows to markets offering
the best expected returns. Dimensional will be there to help investors
pursue opportunity.
4%
FINLAND
$129B
SWEDEN
$432B
MSFT 1
$225B
NORWAY
$124B
RUSSIA
1%
$334B
1%
UNITED KINGDOM
$2,789B
7%
IRELAND
$52B
$147B
$335B
BELGIUM
SOUTH
KOREA
DENMARK
NETHERLANDS
$816B
1%
$153B
UNITED STATES
JAPAN
2%
OTHER
EUROPEAN
NATIONS
$2,710B
7%
GERMANY
$17,122B
$1,073B
46%
3%
FRANCE
POLAND
$83B
$1,109B
TAIWAN
CZECH REPUBLIC
3%
$13B
$51B
2%
$12B
$1,025B
GREECE
3%
TURKEY
$30B
$113B
ISRAEL
SPAIN
PORTUGAL
ITALY
$99B
1%
1%
SAUDI
ARABIA
$312B
$24B
VIETNAM
PAKISTAN
LEBANON
$388B
2%
$893B
HUNGARY
SWITZERLAND
$660B
CHINA
AUSTRIA
$154B
OMAN
$470B
INDIA
KUWAIT
1%
THAILAND
$409B
JORDAN
HONG KONG
1%
$142B
PHILIPPINES
BAHRAIN
QATAR
UAE
$79B
SRI LANKA
MALAYSIA
$176B
SINGAPORE
MEXICO
$243B
1%
MOROCCO
$277B
EGYPT
1%
$28B
OTHER
AFRICAN NATIONS
INDONESIA
COLOMBIA
$79B
$176B
SOUTH
AFRICA
PERU
$359B
BRAZIL
$68B
1%
$609B
2%
CHILE
AUSTRALIA
$1,185B
3%
$125B
NEW ZEALAND
$43B
ARGENTINA
CAPITALIZATION BY ASSET CLASS ($ TRILLIONS)
US
$17
46%
Developed ex US
$15
39%
Emerging $5
14%
Not Invested $0.4
1%
CAPITALIZATION BY NATION ($ BILLIONS)
 United States
 United Kingdom
 Japan
 Canada
 Australia
 France
 Germany
 Switzerland
 China
 South Korea
17,122
2,789
2,710
1,629
1,185
1,109
1,073
1,025
893
816
 Taiwan
 Brazil
 Hong Kong
 Sweden
 India
 Spain
 South Africa
 Netherlands
 Russia
 Italy
660
609
470
432
409
388
359
335
334
312
 Singapore
 Mexico
 Malaysia
 Indonesia
 Saudi Arabia
 Belgium
 Denmark
 Thailand
 Finland
 Chile
CAPITALIZATION OVER TIME
277
243
176
176
154
153
147
142
129
125
 Norway
 Turkey
 Israel
 Poland
 Philippines
 Colombia
 Peru
 Ireland
 Austria
 New Zealand
124
113
99
83
79
79
68
52
51
43
 Kuwait
 Greece
 UAE
 Egypt
 Nigeria
 Portugal
 Qatar
 Morocco
 Vietnam
 Czech Republic
36
30
29
28
26
24
20
13
13
13
 Pakistan
 Argentina
 Hungary
 Oman
 Kenya
 Kazakhstan
 Sri Lanka
 Croatia
 Jordan
 Bahrain
12
12
12
7
6
6
5
5
4
4
 Slovenia
 Mauritius
 Ukraine
 Tunisia
 Lebanon
 Romania
 Bulgaria
 Lithuania
 Estonia
3
3
3
3
3
2
1
1
1
2008
$22.8 trillion
-44%
2009
$31.0 trillion
+36%
2010
$35.5 trillion
+14%
2011
$31.6 trillion
-1
1%
2012
$37.5 trillion
+18%
In US dollars. Market cap data is free-float adjusted from Bloomberg Securities Data. Many small nations not displayed. Totals may not equal 100% due to rounding. For educational purposes; should not be used as investment advice.
Dimensional makes case-by-case determinations about the suitability of investing in each emerging market, making considerations that include local market accessibility, government stability, and property rights, before making investments.
1. An example large cap stock provided for comparison.
64
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MATR IX BOOK 2013
65

35. SOURCES AND
DESCRIPTIONS OF DATA
US EQUITIES
S&P 500 INDEX
Provided by Standard & Poor’s Index Services Group. “Standard & Poor’s®,” “S&P®,”
“S&P 500®,” Standard & Poor’s 500®,” and “500” are trademarks of the McGraw-Hill
Companies, Inc. and have been licensed for use by Dimensional Fund Advisors.
FAMA/FRENCH TOTAL US MARKET INDEX
Fama/French Total US Market Index provided by Fama/French from CRSP securities
data.1 Includes all NYSE securities (plus NYSE Amex equivalents since July 1962 and
Nasdaq equivalents since 1973), including utilities.
DIMENSIONAL US ADJUSTED MARKET 1 INDEX
Dimensional US Adjusted Market 1 Index compiles all the securities of US companies
traded on the NYSE, NYSE Amex, Nasdaq NMS, Nasdaq Global, and Nasdaq Global
Select Market. The index has been retroactively calculated by Dimensional and did not
exist prior to February 2007. Rather than weighting by market capitalization, the index
overweights securities of small and value companies.
DIMENSIONAL US TARGETED VALUE INDEX
Dimensional US Targeted Value Index is a market-capitalization weighted index of
securities of small and mid cap value companies. These are defined as companies
whose market capitalization falls below that of the 500th (for mid) or 1,000th (for
small) largest company in the eligible market, and whose book-to-market ratio falls
in the top 25% (for mid) or 50% (for small) of the market capitalization of the size
range after the exclusion of utilities, companies lacking financial data, and companies
with negative book-to-market ratio. The eligible market is composed of securities of
US companies traded on the NYSE, AMEX, and Nasdaq Global Market, excluding
non-US companies, REITs, UITs, and investment companies. The index has been
retroactively calculated by Dimensional and did not exist prior to February 2007.
FAMA/FRENCH US SMALL CAP INDEX
Fama/French US Small Cap Index provided by Fama/French from CRSP securities
data.1 Includes the lower-half range in market cap of NYSE securities (plus NYSE
Amex equivalents since July 1962 and Nasdaq equivalents since 1973).
DIMENSIONAL US ADJUSTED MARKET 2 INDEX
Dimensional US Adjusted Market 2 Index compiles all the securities of US companies
traded on the NYSE, NYSE Amex, Nasdaq NMS, Nasdaq Global, and Nasdaq Global
Select Market. The index has been retroactively calculated by Dimensional and did not
exist prior to February 2007. Rather than weighting by market capitalization, the index
overweights securities of small and value companies to a greater degree than does the
Dimensional US Adjusted Market 1 Index.
DOW JONES US SELECT REIT INDEX
Provided by Dow Jones Indexes.
DIMENSIONAL US ADJUSTED MARKET VALUE INDEX
Dimensional US Adjusted Market Value Index compiles all the securities of US
companies traded on the NYSE, NYSE Amex, Nasdaq NMS, Nasdaq Global, and
Nasdaq Global Select Market. The index has been retroactively calculated by
Dimensional and did not exist prior to February 2007. Rather than weighting by market
capitalization, the index overweights securities of small and value companies to a
greater degree than the Dimensional US Adjusted Market 2 Index does.
INTERNATIONAL EQUITIES
DIMENSIONAL US LARGE CAP GROWTH INDEX
Dimensional US Large Cap Growth Index compiled by Dimensional from CRSP1 and
Compustat data. The index has been retroactively calculated by Dimensional and did
not exist prior to December 2012. The index focuses on large cap companies with
a high relative price. High relative price is defined as the top 50% of price-to-book
by market capitalization. The index excludes REITs, utilities, and companies with
the lowest profitability within the large cap growth universe. Profitability is defined
as operating income before depreciation and amortization minus interest expense
scaled by book value. The index overweights higher expected return securities (higher
profitability, lower relative price, and midmarket cap). Rebalanced annually.
DIMENSIONAL US SMALL CAP GROWTH INDEX
Dimensional US Small Cap Growth Index compiled by Dimensional from CRSP1 and
Compustat data. The index has been retroactively calculated by Dimensional and did
not exist prior to December 2012. The index focuses on small cap companies with
a high relative price. High relative price is defined as the top 50% of price-to-book
by market capitalization. The index excludes REITs, utilities, and companies with the
lowest profitability within the small cap growth universe. Profitability is defined as
operating income before depreciation and amortization minus interest expense scaled
by book value. Rebalanced annually.
FAMA/FRENCH US LARGE VALUE RESEARCH INDEX
Fama/French US Large Value Index provided by Fama/French from CRSP securities
data.1 Includes the upper-half range in market cap and the upper 30% in book-tomarket of NYSE securities (plus NYSE Amex equivalents since July 1962 and Nasdaq
equivalents since 1973).
FAMA/FRENCH US SMALL VALUE RESEARCH INDEX
Fama/French US Small Value Index provided by Fama/French from CRSP securities
data.1 Includes the lower-half range in market cap and the upper 30% in book-tomarket of NYSE securities (plus NYSE Amex equivalents since July 1962 and Nasdaq
equivalents since 1973).
DOW JONES-UBS COMMODITY INDEX
Provided by Dow Jones Indexes.
DIMENSIONAL INTERNATIONAL LARGE CAP GROWTH INDEX
Dimensional International Large Cap Growth Index compiled by Dimensional
from Bloomberg securities data. The index has been retroactively calculated by
Dimensional and did not exist prior to December 2012. The index focuses on large
cap companies with a high relative price. Large cap companies are defined as the top
90% of a country's market. High relative price is defined as the top 50% of price-tobook by market capitalization within a country. The index excludes REITs, utilities, and
companies with the lowest profitability. Profitability is defined as operating income
before depreciation and amortization minus interest expense scaled by book value.
The index overweights higher expected return securities (higher profitability, lower
relative price, and mid-market cap). Rebalanced semi-annually.
MSCI EAFE INDEX
MSCI EAFE Index (net dividends) copyright MSCI 2013, all rights reserved. Without
prior written permission of MSCI, this information and any other MSCI intellectual
property may only be used for your internal use, may not be reproduced or
redisseminated in any form, and may not be used to create any financial instruments
or products or any indices. This information is provided on an “as is” basis, and the
user of this information assumes the entire risk of any use made of this information.
Neither MSCI nor any third party involved in or related to the computing or compiling
of the data makes any express or implied warranties, representations, or guarantees
concerning the MSCI index-related data, and in no event will MSCI or any third party
have any liability for any direct, indirect, special, punitive, consequential, or any other
damages (including lost profits) relating to any use of this information.
DIMENSIONAL INTERNATIONAL ADJUSTED MARKET INDEX
Dimensional International Adjusted Market Index compiled by Dimensional
from Bloomberg securities data. The index has been retroactively calculated by
Dimensional and did not exist prior to April 2008. Includes securities of MSCI
World ex USA countries. Rather than weighting by market capitalization, the index
overweights securities of small and value companies. Utilities are treated as having
no value tilt, and REITs are excluded. Maximum index weight of any one company is
capped at 5%.
1. CRSP is the Center for Research in Security Prices, University of Chicago.
66
D I M E N S I O N A L F U N D A D VI S O R S
DIMENSIONAL INTERNATIONAL VECTOR INDEX
Dimensional International Vector Index compiled by Dimensional from Bloomberg
securities data. The index has been retroactively calculated by Dimensional and did
not exist prior to May 2008. Includes securities of MSCI World ex USA countries.
Rather than weighting by market capitalization, the index overweights securities
of small and value companies to a greater degree than does the Dimensional
International Adjusted Market Index. Utilities are treated as having no value tilt, and
REITs are excluded. Maximum index weight of any one company is capped at 5%.
FAMA/FRENCH INTERNATIONAL VALUE INDEX
2008–present: Fama/French International Value Index provided by Fama/French
from Bloomberg securities data. Simulated strategy of MSCI EAFE
countries in the upper 30% book-to-market range. 1975–2007:
Provided by Fama/French from MSCI securities data.
DIMENSIONAL INTERNATIONAL SMALL CAP GROWTH INDEX
Dimensional International Small Cap Growth Index compiled by Dimensional
from Bloomberg securities data. The index has been retroactively calculated by
Dimensional and did not exist prior to December 2012. The index focuses on small
cap companies with a high relative price. Small cap companies are defined as those
in the bottom 10% of a country's market. High relative price is defined as the top
50% of price-to-book by market capitalization within a country. The index excludes
REITs, utilities, and companies with the lowest profitability. Profitability is defined as
operating income before depreciation and amortization minus interest expense scaled
by book value. Rebalanced semi-annually.
DIMENSIONAL INTERNATIONAL SMALL CAP INDEX
1994–present: Dimensional International Small Cap Index compiled by
Dimensional from Bloomberg securities data. The index has
been retroactively calculated by Dimensional and did not exist
prior to December 2004. Includes securities of MSCI World ex
US countries in the bottom 10% range of market capitalization;
market-capitalization weighted; each company is capped at 5%;
rebalanced annually.
July 1981–1993: Compiled by Dimensional from StyleResearch securities
data. Includes securities in the bottom 10% range of market
capitalization, excluding the bottom 1%; market-capitalization
weighted; each country is capped at 50%; rebalanced semiannually.
1970–June 1981: 50% Elroy Dimson and Paul Marsh, Hoare Govett Smaller
Companies Index 2009, ABN-AMRO / Royal Bank of Scotland,
January 2009; 50% Nomura Japanese Small Companies Index.
DIMENSIONAL INTERNATIONAL SMALL CAP VALUE INDEX
1994–present: Dimensional International Small Cap Value Index compiled by
Dimensional from StyleResearch securities data. The index has
been retroactively calculated by Dimensional and did not exist
prior to February 2006. Includes securities of MSCI World ex US
countries in the bottom 10% range of market capitalization and
in the upper 30% book-to-market range; market-capitalization
weighted; each company is capped at 5%; excludes REITs and
utilities; rebalanced annually.
1982–1993:
Compiled by Dimensional from StyleResearch securities data.
Includes securities in the bottom 10% range of market capitalization,
excluding the bottom 1%, and in the upper 30% book-to-market
range; market-capitalization weighted; each country is capped at
50%; rebalanced semiannually.
MSCI EMERGING MARKETS INDEX
MSCI Emerging Markets Index (gross dividends) copyright MSCI 2013,
all rights reserved.
DIMENSIONAL EMERGING MARKETS GROWTH INDEX
Dimensional Emerging Markets Growth Index compiled by Dimensional from
Bloomberg securities data. The index has been retroactively calculated by
Dimensional and did not exist prior to December 2012. The index focuses on
large and small cap companies with a high relative price. Large and small cap
companies are defined as the top 92% of a country's market. High relative price is
defined as the top 50% of price-to-book by market capitalization within a country.
The index excludes REITs, utilities, and companies with the lowest profitability.
Profitability is defined as operating income before depreciation and amortization
minus interest expense scaled by book value. The index overweights higher
expected return securities (higher profitability, lower relative price, and
mid-market cap). Rebalanced semi-annually.
FIXED INCOME
ONE-MONTH US TREASURY BILLS
© 2012 and earlier, Morningstar. All Rights Reserved. Underlying data is from
the Ibbotson SBBI Yearbook, by Roger G. Ibbotson and Rex A. Sinquefield.
Updated annually.
LONG-TERM GOVERNMENT BONDS
© 2012 and earlier, Morningstar. All Rights Reserved. Underlying data is from the
Ibbotson SBBI Yearbook, by Roger G. Ibbotson and Rex A. Sinquefield. Updated
annually. Includes US government bonds with an average maturity of 20 years.
LONG-TERM CORPORATE BONDS
© 2012 and earlier, Morningstar. All Rights Reserved. Underlying data is from the
Ibbotson SBBI Yearbook, by Roger G. Ibbotson and Rex A. Sinquefield. Updated
annually. Includes US corporate bonds with an average maturity of 20 years.
BARCLAYS US TIPS INDEX
Provided by Barclays Bank PLC.
ONE-MONTH CERTIFICATES OF DEPOSIT
Provided by the Federal Reserve Statistical Release H.15: Selected Interest Rates.
The Statistical Release H.15 contains daily interest rates for selected US Treasury and
private money market and capital market instruments. Monthly return calculated by
Dimensional using actual/360 methodology.
BARCLAYS US AGGREGATE BOND INDEX
Provided by Barclays Bank PLC.
BARCLAYS MUNICIPAL BOND INDEX
Provided by Barclays Bank PLC.
DIMENSIONAL US INTERMEDIATE VARIABLE CREDIT INDEX
Compiled by Dimensional using data provided by Barclays Bank PLC. Includes
securities in the Barclays Intermediate Credit AAA, AA, A, and BBB indices.
The index has been retroactively calculated by Dimensional and did not exist
prior to December 2012. Securities can be over- or under-weighted with respect
to their market cap weight based on credit spreads. When the difference in yields
between AAA+AA and A+BBB is narrow, AAA+AA bonds may be held above
market cap weight. When the difference in yields between AAA+AA and A+BBB
is wide, AAA+AA bonds may be held below market cap weight. When the difference
in yields between AAA+AA and BBB is narrow, BBB bonds may be held below market
cap weight. When the difference in yields between AAA+AA and BBB is wide, BBB
bonds may be held above market cap weight. Rebalanced monthly.
DIMENSIONAL EMERGING MARKETS ADJUSTED MARKET INDEX
Dimensional Emerging Markets Adjusted Market Index compiled by Dimensional
from Bloomberg securities data. The index has been retroactively calculated by
Dimensional and did not exist prior to April 2009. Countries included are Brazil,
Chile, China, Czech Republic, Hungary, India, Indonesia, Israel, Korea, Malaysia,
Mexico, Philippines, Poland, South Africa, Taiwan, Thailand, and Turkey. Maximum
index weight of any one company is capped at 5%. Rather than weighting by market
capitalization, the index overweights securities of small and value companies.
Utilities are treated as having no value tilt, and REITs are excluded.
MATR IX BOOK 2013
67

36. Dimensional US Intermediate Variable Government/Credit Index
Compiled by Dimensional using data provided by Barclays Bank PLC. Includes securities
in the Barclays Intermediate Government and Credit AAA, AA, A, and BBB indices.
The index has been retroactively calculated by Dimensional and did not exist prior to
December 2012. Securities can be over- or under-weighted with respect to their market
cap weight based on credit spreads. When the difference in yields between credit
and government bonds is narrow, government bonds may be held above market cap
weight. When the difference in yields between credit and government bonds is wide,
government bonds may be held below market cap weight. When the difference in
yields between AAA+AA and A+BBB is narrow, AAA+AA bonds may be held above
market cap weight. When the difference in yields between AAA+AA and A+BBB is
wide, AAA+AA bonds may be held below market cap weight. When the difference in
yields between AAA+AA and BBB is narrow, BBB bonds may be held below market cap
weight. When the difference in yields between AAA+AA and BBB is wide, BBB bonds
may be held above market cap weight. Rebalanced monthly.
Dimensional US Intermediate Variable Maturity Govt/Credit Index
Compiled by Dimensional using data provided by Barclays Bank PLC. Includes securities
in the Barclays Intermediate and 1-3 Year Government/Credit indices. The index has
been retroactively calculated by Dimensional and did not exist prior to December
2012. The duration is based on the term spread between intermediate government and
credit bonds and 1-3 year government and credit bonds. When the difference in yields
between intermediate and 1-3 year government/credit bonds is wide, the duration of
the index matches the duration of the Barclays Intermediate Government/Credit Index.
When the difference in yields between intermediate and 1-3 year government/credit
bonds is narrow, the duration of the index can be as short as the average of the Barclays
Intermediate and 1-3 Year Government/Credit indices. Rebalanced monthly.
Dimensional Global Intermediate Variable Maturity Index
Compiled by Dimensional using data copyright 2013 by Citigroup. Includes securities
in the Citigroup World Government Bond 1-3 Years, 3-5 Years, and 5-7 Years indices.
The index has been retroactively calculated by Dimensional and did not exist prior to
December 2012. Countries: Austria, Belgium, Canada, France, Germany, Japan, the
Netherlands, New Zealand, Norway, Spain, Sweden, Switzerland, United Kingdom,
and the US as data becomes available. Countries with the steepest yield curves are
overweight with respect to their market cap weight. For countries included, duration
corresponds to the steepest segment of that country’s yield curve. Currency exposure
is hedged to US dollars. Rebalanced monthly.
InFLATION
US INFLATION: CHANGES IN US CONSUMER PRICE INDEX
© Stocks, Bonds, Bills, and Inflation Yearbook™, Ibbotson Associates, Chicago
(annually updated work by Roger G. Ibbotson and Rex A. Sinquefield). Used with
permission. All rights reserved.
Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.
The Dimensional Matrix Book 2013 contains copyrighted data owned by Dimensional Fund Advisors and/or licensed for use by
Dimensional Fund Advisors pursuant to agreements with index data providers. This book and the data contained herein may not
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Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management
of an actual portfolio. Past performance is not a guarantee of future results.
This material is solely for informational purposes and shall not constitute an offer to sell or the solicitation to buy securities. The opinions
expressed herein represent the current, good faith views of the author(s) at the time of publication and are provided for limited purposes,
are not definitive investment advice, and should not be relied on as such. The information presented in this article has been developed
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as of the date they are made, and Dimensional Fund Advisors assumes no duty to and does not undertake to update forward-looking
statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Actual
results could differ materially from those anticipated in forward-looking statements.
The returns of indices presented herein reflect hypothetical performance and do not represent returns that any investor actually
attained. Changes in the assumptions upon which such performance is based may have a material impact on the hypothetical returns
presented. Hypothetical backtested returns have many inherent limitations. Unlike actual performance, it does not represent actual
trading. Since trades have not been actually been executed, results may have under- or over-compensated for the impact, if any, of
certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had
on the decision-making process. Hypothetical backtested performance also is developed with the benefit of hindsight. Other periods
selected may have different results, including losses. There can be no assurance that Dimensional Fund Advisors will achieve profits or
avoid incurring substantial losses.
Data presented in the Growth of $1 charts is hypothetical and assumes reinvestment of income and no transaction costs or taxes.
The charts are for illustrative purposes only and are not indicative of any investment.
Equity investment risks include loss of principal and fluctuating value. Small cap securities are subject to greater volatility than those
in other asset categories. International investing involves special risks such as currency fluctuation and political instability. Investing in
emerging markets may accentuate these risks. Sector-specific investments can also increase these risks.
Fixed income risks include loss of principal and fluctuating value. Fixed income securities are subject to increased loss of principal during
periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, liquidity,
prepayments, and other factors.
Copyright © 2013 by Dimensional Fund Advisors.
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