| Notes: Sample period is March 2000 to March 2026. Average of Growth Indices includes the S&P Growth, Russell 1000 Growth, MSCI USA Growth, and Bloomberg 1000 Growth indices. The rolling five-year analysis starts in 2000 to accommodate later inception dates for some underlying growth indices. Extending the U.S. analysis further back in time would have resulted in even greater excess returns for RAFI Fundamental Growth US. Source: Research Affiliates and Bloomberg. All holdings prior to 7/17/2025 are simulated. Indexes are unmanaged and cannot be invested in directly. Please see important information at the end regarding simulated data. |  |