Performance should be considered in the context of portfolio risk. A hallmark of our approach has been our below-market risk, whether measured as incidence of experiencing a 12-month loss, number of double-digit 12-month losses, standard deviation, or odds of meeting return targets in 5-year periods. These risk measures are particularly relevant to investors seeking peace of mind, or whose investments are needed to support spending or budget requirements.
| Return Since Inception |
11.9% |
11.0% |
10.1% |
9.7% |
|
| Incidence of Loss (Rolling 12 Months) |
14.1% |
15.9% |
25.3% |
23.8% |
|
| No. of 12-Month Double-Digit Losses |
16 |
18 |
30 |
42 |
|
| Rolling 12-Month Standard Deviation |
13.5% |
13.4% |
16.7% |
17.9% |
|
| % Rolling 5-Year Periods Below 8% |
10% |
12% |
28% |
34% |
|