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* Time weighted total return, gross of fees** The investment return assumption was changed to 7.75%, effective 1/1/2018, as part of the most recent statutory triennial experience study.
16.5%
11.2%
13.8%
-7.3%
-4.7%
4.0%
15.4%
12.1% 12.3%
18.0%
-4.4%
-19.6%
14.9%
22.6%
1.0%
14.0%
18.4%
3.7%
0.7%
12.7%
8.7%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fiscal Year
Annual Total Return Investment Return Assumption**