This file was created using the 202607 CRSP database.
  Synthetic replica fixture: invented values in the official publication format; contains no provider-owned data.
The annual TBill return is compounded from the monthly T-bill rates from January to December. 

        Mkt-RF     SMB     HML      RF
202301   -9.71    7.92    3.34   -4.53
202302   -0.01   -0.48    3.00    1.06
202303    1.15   -0.71   -7.07   -1.66
202304   -9.15    2.75    2.07   -3.29
202305   -8.04    1.92   -7.89   -5.63
202306    2.32   -9.57    3.00    3.36
202307   -5.78   -5.24   -6.02   -6.52
202308    2.13   -2.53   -9.41    2.61
202309   -1.44   -8.07    3.22    6.51
202310    6.12    9.32    0.41   -1.24
202311    1.05   -4.33   -9.08    4.41
202312   -9.35    8.62   -0.07   -9.74
202401   -0.44   -9.52   -8.70   -5.67
202402    6.97  -99.99    -999    7.68
202403    6.01    7.97   -8.78   -0.30
202404    9.42   -7.39   -7.48   -7.89
202405    8.84   -8.27   -5.41    1.79
202406   -7.01   -0.09    0.46    5.86
202407    3.52    8.14   -8.54    4.77
202408    0.45    7.20    6.83    0.83
202409   -7.60   -1.46   -3.90   -6.37
202410   -7.93    4.43   -5.72   -7.47
202411   -0.17    1.56    0.63   -7.73
202412   -6.50    4.46    4.94    9.26
202501    2.42   -3.09   -5.15   -7.95
202502    7.81   -8.10   -0.67   -5.42
202503    9.59    9.17   -1.62    4.99
202504    8.89    1.83   -5.79   -8.50
202505    5.95   -7.15   -9.23   -9.08
202506   -2.88   -2.36    3.08   -9.32
202507    9.73    4.31    4.93   -9.68
202508   -6.80    6.50   -1.13    9.43
202509   -9.60    7.75   -3.21    1.46
202510   -2.59   -3.69   -4.18    6.90
202511  -99.99   -2.44   -3.98   -1.90
202512    0.34   -0.58    5.46   -7.85

 Annual Factors: January-December
        Mkt-RF     SMB     HML      RF
  2023    6.36    2.22    1.29    4.25
  2024   -4.57   -9.81    5.25    2.49
  2025   -3.58    2.36    9.59   -8.85

Copyright 2026 Eugene F. Fama and Kenneth R. French - synthetic replica fixture: format reference only; no provider-owned data.
