The image compares the difference in the hypothetical growth of $1,000 invested in stocks and bonds over the last 20 years with and without reinvestment of dividends or coupon payments. Source: StateTrust’s analysis of Morningstar data. Performance shown is not indicative of the performance of any specific investment. An investor cannot invest in an index, such as the one these graphs are based on. Past returns are no guarantee of future performance. These returns are based on historical information, from sources believed to be reliable, but accuracy cannot be guaranteed, and these returns can vary in future time periods.