In a recent review of marketing materials, we noted a discrepancy in the performance numbers of the S&P / Barra Small Cap 600 Growth Index for the years 1997 through 2005.  We source our returns for the index from Bloomberg, and since 2020 the returns have been misstated in Bloomberg’s database.  We reached out to Standard & Poor’s and Bloomberg to try to gain a better understanding of why this happened.  We did not gain any insight from those conversations.

The errors only affected the index returns published during the periods ending 1Q2020 through 2Q2022 and were limited to the calendar year returns for the index.  All trailing period returns were not affected.  Most importantly, our returns and all performance statistics were reported to you correctly.  See below for details of the correction: