Explanation of Historical Results (Sheltered)

What the columns mean

Annual Return

The total return for the fund for the given calendar year (or for the unannualized return year-to-date for the current year). Distributions are paid in cash and held to the end of the year (not reinvested in the fund upon distribution).

Terminal Value of $1

This assumes that $1 is invested in the fund at the beginning of the corresponding calendar year and held to the present. Any distributions made by the fund are held in cash and then reinvested in the fund at the end of the calendar year in which they are made. The reported value shows the growth/decline of the original $1, including the reinvested distributions.


  • This analysis is intended to provide reasonable estimates of historical returns only. An investor's actual results may vary from the numbers shown.
  • Results for the current calendar year are based on (unannualized) partial returns year to date and NAVs as of the end date.
  • This analysis assumes that the fund is held in a tax-sheltered account. No taxes are paid on distributions or at the time of liquidation. Taxes paid at the time of withdrawal are not considered here.
  • Terminal values are net of the maximum front-end load (if any), but are not adjusted for any back-end load or redemption fee. Annual returns are not adjusted for any loads or redemption fees.
  • Numbers are shown for a fund for a given year only if our database has full information on the fund for that entire year.
  • In every pair of corresponding numbers, the higher value is shown in green, the lower in red.