RH DataSourcesForDisclosure 123110 ShowingFund-vs-Benchmark

Ruedi Holder Index Data Sources When RH Indexes are shown in Index Portfolios, all returns data reflects a deduction of 1.0% annual investment advisory fee, which is the maximum RH fee. Your fee may be less depending on assets under management at RH. Unless indicated otherwise, data shown for each individual RH Index is shown without a deduction of the RH advisory fee. We choose this method because the creation, choice, monitoring and rebalancing of diversified index portfolios are the services of the independent investment advisor and at that point the fees are appropriate to deduct from the whole portfolio returns. Live Dimensional Fund Advisors (DFA) fund data does reflect the deduction of mutual fund advisory fees, mutual fund company brokerage fees, other expenses incurred by the portfolios and incorporates actual trading results, and when specified a deduction of 1.0% annual investment advisory fee, which is the maximum RH fee. Simulated index data also reflects DFA current mutual fund expense ratios for the entire period. Both simulated and live data reflect total returns, including dividends. A graphic representation of the description indexes or asset classes can be found below. The descriptions listed below indicate how asset classes are strung together to simulate similar risk and return characteristics back to 1970. This reduces the standard error of the mean which is unacceptably high for periods less than 20 or 30 years. All RH index ...