Schwab Center for Financial Research with data provided by Morningstar Inc. In the hypothetical portfolio above, the indexes representing each asset class are: cash = Citigroup 3-Month U.S. Treasury Bill Index; fixed income = Barclays U.S. Aggregate Bond Index; large-cap equities = S&P 500^® Index; small-cap equities = Russell 2000^® Index; international equities = MSCI EAFE^® Index. Please see the disclosures section at the end of the article for more information on the indexes used. The example does not reflect the effects of taxes or fees.