This chart represents the cumulated value (Net) as of March 31, 2008 of a $100 investment in the "WPS US Composite", representing the majority of US equity portfolios, versus a $100 investment in the S&P 500 Index (with dividends reinvested). 

 

Compounded Annual Return since Inception
WPS US Composite (Gross)	18.6%
WPS US Composite (Net)	17.4%
S&P 500 Index	12.8%

As the difference in cumulated performance between the "WPS US Composite" and the S&P 500 Index is large, the same chart is available with a logarithmic scale.

This information is incomplete without the accompanying explanatory notes.