|Period Ending 01/31/18 ||Merryfield ||Benchmark|
|Trailing One Year ||18.92% ||16.18%|
|Trailing Three Years, annualized || 6.61%|| 9.28%|
|Trailing Five Years, annualized|| 9.76%||10.37%|
|Since Inception of 12/31/08 ||11.04%||11.25%|
The Merryfield composite includes all discretionary, fee-paying portfolios with a market value greater than $100,000 and a risk tolerance above average and represents 86% of the total, fee-paying assets under management. The asset allocation of the composite as of 01/31/18 was 85% equities, 5% fixed income, 3% real estate investment trusts and 6% cash. The performance results are presented Net of Fees (after management fees and transaction charges have been deducted) and represent a time-weighted and asset-weighted compound rate of return. The benchmark return is a blended return comprised of 60% of the S&P 500 Index, Total Return, and 40% of the iShares Barclays Aggregate Bond Index (ticker symbol: AGG) with daily re-balancing and no transaction charges.
Past performance may not be indicative of future performance. Other composites are available upon request.