|Period Ending 03/31/18 ||Merryfield ||Benchmark|
|Trailing One Year ||11.48% || 8.89%|
|Trailing Three Years, annualized || 3.43%|| 7.11%|
|Trailing Five Years, annualized|| 8.27%|| 8.81%|
|Since Inception of 12/31/08 ||10.32%||10.59%|
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 85% of the total, fee-paying assets under management. The asset allocation of the composite as of 03/31/18 was 80% equities, 4% fixed income, 4% real estate investment trusts and 12% 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.