1 Source: Morningstar. Investing involves risk. Past performance does not guarantee or indicate future results. 60/40 portfolio is represented by 60% S&P 500 Index and 40% Barclays U.S. Aggregate Bond Index rebalanced annually. Annualized returns based on monthly data for each index from 1/1/90 to 12/31/1999 and 1/1/2006 to 12/31/2015, respectively. Risk is based on the standard deviation of the monthly return series for the same time periods. Index performance is for illustrative purposes only. It is not possible to invest directly in an unmanaged index. The returns of these indices do not reflect the deduction of any sales charges or fees. The performance and risk information above reflects relative returns and risk information only for the periods indicated. Use of other beginning or ending points, or of a longer or shorter period, would result in different relative performance and risk information.