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Returns

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S&P 500 Versus Gold (Jan 1971-May 2014)

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Dedicated EM Equity Fund Flows (US$ Billions) and Valuations Trading at a Discount

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Active Versus Passive Fund Strategies

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Global Stock Prices (January 1, 1980-January 22, 2016)

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Since 1929 to 2009, The S&P 500 Index Has Averages a 33% Decline during Recessionary Pullbacks

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Annualized Trailing 10 Year Relative Total Return

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Annual Style Factor Returns: US Equities, 2007-2015

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Style Factor Performance - Return Relative to US Market

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Range of Target-Date Funds' 2014 Returns by Vintage Year

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Emerging Markets Equities

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