I have a "variable annuity" with Lincoln. They have a "historic unit values" page that says fund X increased 40% since the end of last year, to yesterday. And that fund Y increased 23%.
But they also have a "fund performance" PDF dated 30 SEP 2015 that says fund X has ALWAYS lost money (32% over one year) and fund Y has an average annual gain since inception of 5% but a 19% loss over one year.
Every time I have called Lincoln with questions, I have found that the people answering the phone know less about it than I do. And either I don't know much or one of those two sources is completely wrong.
What is the explanation?