340-341 / 499
See disclosure page for additional information.
Over the fourth quarter, the
Russell 1000 Index of large
capitalization stocks
generated a +3.8% total
return, bringing its 2016
advance to +12.1%. For
the year, within the large
cap segment, value stocks
materially outperformed
growth stocks.
Small cap stocks, as
represented by the Russell
2000 Index, again
substantially outperformed
large caps, ending the
quarter with a total return
of +8.8%. Small cap value
outperformed small cap
growth by about 10%.
2012
2013
2014
2015
2016
1Q16
2Q16
3Q16
4Q16
18.5%
MV
43.3%
SG
14.7%
MV
5.7%
LG
31.7%
SV
4.8%
MV
4.7%
MV
9.2%
SG
14.1%
SV
18.1%
SV
48.8%
SB
13.4%
LV
0.9%
LB
21.2%
SB
2.2%
MB
4.6%
LV
9.0%
SB
8.8%
SB
17.5%
LV
35.7%
MG
13.2%
LB
-0.2%
MG
19.9%
MV
1.6%
LV
4.3%
SV
8.9%
SV
6.6%
LV
17.3%
MB
34.5%
SV
13.2%
MB
-1.4%
SG
17.3%
LV
1.5%
SV
3.8%
SB
4.6%
MG
5.5%
MV
16.4%
LB
34.8%
MB
13.0%
LG
-2.4%
MB
13.7%
MB
1.2%
LB
3.2%
SG
4.6%
LG
3.8%
LB
16.3%
SB
33.5%
LG
11.9%
MG
-3.8%
LV
12.0%
LB
0.6%
MG
3.1%
MB
4.5%
MB
3.5%
SG
15.8%
MG
33.4%
MV
5.6%
SG
-4.4%
SB
11.2%
SG
0.7%
LG
2.5%
LB
4.4%
MV
3.2%
MB
15.3%
LG
33.1%
LB
4.9%
SB
-4.8%
MV
7.3%
MG
-1.5%
SB
1.5%
MG
4.0%
LB
1.0%
LG
14.6%
SG
32.6%
LV
4.2%
SV
-7.5%
SV
7.1%
LG
-4.7%
SG
0.61%
LG
3.5%
LV
0.45%
MG
Domestic Equity