|Period Ending 09/30/17 ||Merryfield ||Benchmark|
|Trailing One Year ||13.15%||10.92%|
|Trailing Three Years, annualized ||3.42%||7.76%|
|Trailing Five Years, annualized||8.80%||9.44%|
|Since Inception of 12/31/08 ||10.31%||10.82%|
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 94% of the total, fee-paying assets under management. The asset allocation of the composite as of 09/30/17 was 82% equities, 7% fixed income, 8% real estate investment trusts and 3% 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.