Stocks represented by the S&P 500 Index. The S&P 500 Index measures the performance of 500 mostly large-cap stocks weighted by market value, and is often used to represent performance of the U.S. stock market.
Dividend paying stocks measures the total return, as calculated by Ned Davis Research, on stocks of companies within the S&P 500 Index that pay dividends. There is no guarantee that dividend-paying stocks will continue to pay dividends.
Investment grade bonds represented by the Barclays U.S. Corporate Investment Grade Index. The Barclays U.S. Corporate Investment Grade Index is composed of U.S. dollar-denominated, investment grade, SEC-registered corporate bonds issued by industrial, utility, and financial companies.
All bonds in the index have at least one year to maturity.
High yield bonds represented by the Barclays U.S. Corporate High-Yield Index. The Barclays U.S. Corporate High-Yield Index is composed of U.S. dollar-denominated, noninvestment grade corporate bonds for which the middle rating among Moody’s Investors Service, Inc., Fitch, Inc., and Standard & Poor’s is Ba1/BB+/BB+ or below.
Diversification may not protect against market risk.
Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index.