Performance Graph The annual changes for the period shown December 1, 2013 (when our ordinary shares began trading) to December 31, 2017 in the graph on this page are based on the assumption that $100 had been invested in Allegion plc ordinary shares, the Standard & Poor’s 500 Stock Index ("S&P 500") and the Standard & Poor's 400 Capital Goods Index ("S&P 400 Capital Goods") on December 1, 2013, and that all quarterly dividends were reinvested.
The total cumulative dollar returns shown on the graph represent the value that such investments would have had on December 31, 2017.
## Table 0 ##
associated with foreign exchange remeasurement on assets that were transferred under the new structure in Gibraltar Life and will be recognized in earnings over time as these assets mature or are sold.
See “—Results of Operations by Segment—International Insurance Division” above.
These gains were partially offset by OTTI of $97 million.
Net gains on sales and maturities of fixed maturity securities of $736 million in 2014 were primarily due to sales and maturities of U. S.  dollar-denominated securities within our International Insurance segment.
These gains were partially offset by OTTI of $36 million.
See below for information regarding the OTTI of fixed maturity securities in 2015 and 2014.
Net realized gains on equity securities were $4 million and $81 million for the years ended 2015 and 2014, respectively, primarily driven by gains on sales within our International Insurance segment.
These gains were partially offset by OTTI of $111 million and $26 million for the years ended 2015 and 2014, respectively.
See below for additional information regarding the OTTI of equity securities in 2015 and 2014.
Net realized gains on commercial mortgage and other loans for the year ended 2015 were $36 million, primarily driven by servicing revenue of $31 million in our Asset Management business and a net decrease in the allowance for losses of $5 million.
Net realized gains on commercial mortgage and other loans were $79 million for the year ended 2014 were primarily driven by a net decrease in the allowance for losses of $65 million, including the impact of assumption updates.
For additional information regarding our commercial mortgage and other allowance for losses, see “—General Account Investments—Commercial Mortgage and Other Loans—Commercial Mortgage and Other Loan Quality” below.
Net realized gains on derivatives were $1,775 million in 2015, compared to net realized losses of $445 million in 2014.
The net gains in 2015 primarily reflect $995 million of gains on product related embedded derivatives and related hedge positions mainly associated with certain variable annuity contracts, $326 million of gains on interest rate derivatives used to manage duration as interest rates decreased, $345 million of gains on foreign currency derivatives used to hedge foreign denominated investments as the U. S.  dollar strengthened against various currencies, and $159 million of gains primarily representing fees earned on fee-based synthetic guaranteed investment contracts (“GICs”) which are accounted for as derivatives.
The net derivative losses in 2014 primarily reflect net losses of $2,627 million on product related embedded derivatives and related hedge positions mainly associated with certain variable annuity contracts.
Also, contributing were net losses of $500 million on foreign currency derivatives used to hedge portfolio assets in our Japan business, primarily due to the weakening of the Japanese yen against the U. S.  dollar and other currencies.
These losses were partially offset by gains of $1,502 million on interest rate derivatives used to manage duration as long-term interest rates decreased, $869 million gains on other foreign currency derivatives primarily associated with hedges of portfolio assets in our U. S.  business and hedges of future income of non-U.
S.  businesses (predominantly in Japan) as the U. S.  dollar strengthened against various currencies, and $166 million gains of fees earned on fee-based synthetic GICs.
Net realized losses within other investments were $54 million in 2015 primarily driven by OTTI of $121 million on investments in limited partnerships, partially offset by gains of $40 million, on sales of real estate.
Net realized gains on other investments were $7 million in 2014 and included net gains of $28 million, primarily from our Asset Management and International Insurance segments, partially offset by OTTI of $21 million on real estate and joint ventures and partnership investments.
Related adjustments include the portions of “Realized investment gains (losses), net” that are included in adjusted operating income and the portions of “Other income” and “Net investment income” that are excluded from adjusted operating income.
These adjustments are made to arrive at “Realized investment gains (losses), net, and related adjustments” which are excluded from adjusted operating income.
Results for 2015 include net negative related adjustments of $934 million driven by settlements on interest rate and currency derivatives.
Results for 2014 included net negative related adjustments of $4,063 million driven by the impact of foreign currency exchange rate movements on certain non-yen denominated assets and liabilities within our Japan insurance operations and by settlements on interest rate and currency derivatives.
We implemented a structure in Gibraltar Life, effective for financial reporting beginning in the first quarter of 2015, which has minimized volatility in reported U. S.  GAAP earnings arising from foreign currency remeasurement.
For additional information, see “—Results of Operations by Segment—International Insurance Division” above.
Charges that relate to “Realized investment gains (losses), net” are also excluded from adjusted operating income, and may be reflected as net charges or net benefits.
Results for 2015 include net related charges of $679 million, compared to net related charges of $542 million in 2014.
Both periods’ results were driven by the impact of derivative activity on the amortization of DAC and other costs and certain policyholder reserves.
For additional information, see Note 22 to the Consolidated Financial Statements.
During 2015, we recorded OTTI of $329 million in earnings, compared to $83 million in 2014.
The following tables set forth, for the periods indicated, the composition of OTTI recorded in earnings attributable to the PFI excluding the Closed Block division by asset type, and for fixed maturity securities, by reason.
## Table 1 ##
(1) Excludes the portion of OTTI recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment.
(2) Includes OTTI relating to investments in joint ventures and partnerships and real estate investments.
Fixed Maturity Securities and Unrealized Gains and Losses by Industry Category The following table sets forth the composition of the portion of our fixed maturity securities portfolio by industry category attributable to PFI excluding the Closed Block division as of the dates indicated and the associated gross unrealized gains (losses).
## Table 2 ##
(1) Investment data has been classified based on standard industry categorizations for domestic public holdings and similar classifications by industry for all other holdings.
(2) Includes $316 million of gross unrealized gains and $0 million of gross unrealized losses as of December 31, 2015, compared to $328 million of gross unrealized gains and $1 million of gross unrealized losses as of December 31, 2014, on securities classified as held-to-maturity.
(3) As of both December 31, 2015 and 2014, based on amortized cost, 76% represent Japanese government bonds held by our Japanese insurance operations, with no other individual country representing more than 10% of the balance.
(4) Includes securities collateralized by sub-prime mortgages.
See “—Asset-Backed Securities” below.
(5) Includes securities related to the Build America Bonds program.
(6) Excluded from the table above are securities held outside the general account in other entities and operations.
For additional information regarding investments held outside the general account, see “—Invested Assets of Other Entities and Operations” below.
Also excluded from the table above are fixed maturity securities classified as trading.
See “—Trading Account Assets Supporting Insurance Liabilities” and “—Other Trading Account Assets” for additional information.
The decrease in net unrealized gains from December 31, 2014 to December 31, 2015, was primarily due to a net decrease in fair value driven by an increase in interest rates in the U. S.  and credit spread widening.
As of December 31, 2015, PFI excluding the Closed Block division had direct and indirect energy and related exposure with a market value of approximately $13.4 billion, and a net unrealized loss of approximately $0.2 billion, which is reflected in AOCI.
The exposure was primarily through public and private corporate securities, 87% of which are investment grade, and also included trading assets, equity securities and private equity investments.
OTTI related to investments in the energy sector were $79 million for the year ended December 31, 2015, and we could be exposed to future valuation declines or impairments if energy prices remain at current or lower levels for an extended period of time.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>December 1, 2013</td><td>December 31, 2013</td><td>December 31, 2014</td><td>December 31, 2015</td><td>December 31, 2016</td><td>December 31, 2017</td></tr><tr><td>Allegion plc</td><td>100.00</td><td>102.20</td><td>129.03</td><td>154.37</td><td>150.97</td><td>189.19</td></tr><tr><td>S&P 500</td><td>100.00</td><td>102.53</td><td>116.57</td><td>118.18</td><td>132.31</td><td>161.20</td></tr><tr><td>S&P 400 Capital Goods</td><td>100.00</td><td>104.58</td><td>104.84</td><td>99.07</td><td>130.70</td><td>162.97</td></tr></table>
<table><tr><td></td><td colspan="2">Year Ended December 31,</td></tr><tr><td></td><td>2015</td><td>2014</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>OTTI recorded in earnings—PFI excluding Closed Block Division-1</td><td></td><td></td></tr><tr><td>Public fixed maturity securities</td><td>$31</td><td>$22</td></tr><tr><td>Private fixed maturity securities</td><td>66</td><td>14</td></tr><tr><td>Total fixed maturity securities</td><td>97</td><td>36</td></tr><tr><td>Equity securities</td><td>111</td><td>26</td></tr><tr><td>Other invested assets-2</td><td>121</td><td>21</td></tr><tr><td>Total</td><td>$329</td><td>$83</td></tr></table>
<table><tr><td></td><td colspan="4">December 31, 2015</td><td colspan="4">December 31, 2014</td></tr><tr><td>Industry-1</td><td>AmortizedCost</td><td>GrossUnrealizedGains-2</td><td>GrossUnrealizedLosses-2</td><td>FairValue</td><td>AmortizedCost</td><td>GrossUnrealizedGains-2</td><td>GrossUnrealizedLosses-2</td><td>FairValue</td></tr><tr><td></td><td colspan="8">(in millions)</td></tr><tr><td>Corporate securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Finance</td><td>$21,505</td><td>$1,385</td><td>$224</td><td>$22,666</td><td>$20,569</td><td>$1,984</td><td>$55</td><td>$22,498</td></tr><tr><td>Consumer non-cyclical</td><td>20,732</td><td>2,073</td><td>408</td><td>22,397</td><td>20,956</td><td>2,822</td><td>141</td><td>23,637</td></tr><tr><td>Utility</td><td>17,369</td><td>1,423</td><td>393</td><td>18,399</td><td>16,144</td><td>2,149</td><td>82</td><td>18,211</td></tr><tr><td>Capital goods</td><td>10,503</td><td>978</td><td>241</td><td>11,240</td><td>10,170</td><td>1,348</td><td>67</td><td>11,451</td></tr><tr><td>Consumer cyclical</td><td>9,223</td><td>846</td><td>146</td><td>9,923</td><td>9,447</td><td>1,129</td><td>37</td><td>10,539</td></tr><tr><td>Foreign agencies</td><td>5,222</td><td>1,086</td><td>67</td><td>6,241</td><td>5,186</td><td>1,227</td><td>38</td><td>6,375</td></tr><tr><td>Energy</td><td>10,793</td><td>674</td><td>855</td><td>10,612</td><td>11,395</td><td>1,135</td><td>275</td><td>12,255</td></tr><tr><td>Communications</td><td>6,294</td><td>690</td><td>200</td><td>6,784</td><td>6,465</td><td>1,021</td><td>41</td><td>7,445</td></tr><tr><td>Basic industry</td><td>5,658</td><td>404</td><td>321</td><td>5,741</td><td>6,003</td><td>640</td><td>71</td><td>6,572</td></tr><tr><td>Transportation</td><td>6,536</td><td>605</td><td>105</td><td>7,036</td><td>5,718</td><td>769</td><td>18</td><td>6,469</td></tr><tr><td>Technology</td><td>3,459</td><td>278</td><td>72</td><td>3,665</td><td>3,474</td><td>389</td><td>30</td><td>3,833</td></tr><tr><td>Industrial other</td><td>3,547</td><td>245</td><td>73</td><td>3,719</td><td>2,746</td><td>333</td><td>21</td><td>3,058</td></tr><tr><td>Total corporate securities</td><td>120,841</td><td>10,687</td><td>3,105</td><td>128,423</td><td>118,273</td><td>14,946</td><td>876</td><td>132,343</td></tr><tr><td>Foreign government-3</td><td>72,265</td><td>12,167</td><td>131</td><td>84,301</td><td>70,327</td><td>11,286</td><td>111</td><td>81,502</td></tr><tr><td>Residential mortgage-backed</td><td>4,861</td><td>353</td><td>6</td><td>5,208</td><td>5,747</td><td>466</td><td>4</td><td>6,209</td></tr><tr><td>Asset-backed securities-4</td><td>6,873</td><td>195</td><td>69</td><td>6,999</td><td>7,094</td><td>292</td><td>78</td><td>7,308</td></tr><tr><td>Commercial mortgage-backed</td><td>7,300</td><td>160</td><td>37</td><td>7,423</td><td>9,688</td><td>344</td><td>24</td><td>10,008</td></tr><tr><td>U.S. Government</td><td>11,479</td><td>2,900</td><td>11</td><td>14,368</td><td>11,493</td><td>3,468</td><td>5</td><td>14,956</td></tr><tr><td>State & Municipal-5</td><td>7,661</td><td>675</td><td>39</td><td>8,297</td><td>5,163</td><td>693</td><td>3</td><td>5,853</td></tr><tr><td>Total-6</td><td>$231,280</td><td>$27,137</td><td>$3,398</td><td>$255,019</td><td>$227,785</td><td>$31,495</td><td>$1,101</td><td>$258,179</td></tr></table>

Question: what is the annualized return for the investment in the allegion plc during 2013-2017?
Answer: -0.96554
Reasoning program: subtract(189.19,100), divide(1,const_4), subtract(#1,1), exp(#0,#2), subtract(#3,1)