Effect of Fees on Investment Results

INITIAL $100,000 BECOMES ... AT END OF EACH YEAR
DOW JONES
MARKET PERFORMANCE
- INDEX FUND MGT FEE - AVG MUTUAL FUND MGT FEE - AVG MUTUAL FUND MTG FEE
- ADVISOR'S FEE
YEAR DJA
+/- pct
VALUE IN
DECEMBER
START OF
YEAR
+GROWTH -EXPENSE
(0.0000)
=END OF
YEAR
START OF
YEAR
+GROWTH -EXPENSE
(0.0000)
=END OF
YEAR
START OF
YEAR
+GROWTH -EXPENSE
(0.0000)
=END OF
YEAR
19740.38138,000100,00038,0000138,000100,00038,0000138,000100,00038,0000138,000
19750.18162,840138,00024,8400162,840138,00024,8400162,840138,00024,8400162,840
19760.17135,157162,840-27,6830135,157162,840-27,6830135,157162,840-27,6830135,157
19770.03131,102135,157-4,0550131,102135,157-4,0550131,102135,157-4,0550131,102
19780.04136,347131,1025,2440136,347131,1025,2440136,347131,1025,2440136,347
19790.15156,799136,34720,4520156,799136,34720,4520156,799136,34720,4520156,799
19800.09142,687156,799-14,1120142,687156,799-14,1120142,687156,799-14,1120142,687
19810.20171,224142,68728,5370171,224142,68728,5370171,224142,68728,5370171,224
19820.20205,469171,22434,2450205,469171,22434,2450205,469171,22434,2450205,469
19830.04197,250205,469-8,2190197,250205,469-8,2190197,250205,469-8,2190197,250
19840.28252,480197,25055,2300252,480197,25055,2300252,480197,25055,2300252,480
19850.23310,551252,48058,0700310,551252,48058,0700310,551252,48058,0700310,551
19860.02316,762310,5516,2110316,762310,5516,2110316,762310,5516,2110316,762
19870.12354,773316,76238,0110354,773316,76238,0110354,773316,76238,0110354,773
19880.27450,562354,77395,7890450,562354,77395,7890450,562354,77395,7890450,562
19890.04432,539450,562-18,0220432,539450,562-18,0220432,539450,562-18,0220432,539
19900.20519,047432,53986,5080519,047432,53986,5080519,047432,53986,5080519,047
19910.04539,809519,04720,7620539,809519,04720,7620539,809519,04720,7620539,809
19920.14615,382539,80975,5730615,382539,80975,5730615,382539,80975,5730615,382
19930.02627,690615,38212,3080627,690615,38212,3080627,690615,38212,3080627,690
19940.33834,827627,690207,1380834,827627,690207,1380834,827627,690207,1380834,827
19950.261,051,883834,827217,05501,051,883834,827217,05501,051,883834,827217,05501,051,883
19960.231,293,8161,051,883241,93301,293,8161,051,883241,93301,293,8161,051,883241,93301,293,816
19970.161,500,8261,293,816207,01001,500,8261,293,816207,01001,500,8261,293,816207,01001,500,826
19980.251,876,0321,500,826375,20601,876,0321,500,826375,20601,876,0321,500,826375,20601,876,032