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Returns

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Result for Different Returns over 30 years

Result for Different Returns over 30 years.PNG

U.S. vs. International Stocks Returns Since 2002

U.S. vs. International Stocks Returns Since 2002.PNG

Performance of Endowment Portfolio

Performance of Endowment Portfolio.PNG

Federal Funds Rate and Market Expectations Since 1999

Federal Funds Rate and Market Expectations Since 1999.PNG

Asset Class Returns Since 2003

Asset Class Returns Since 2003.PNG

International vs. U.S. Equity Since 1997

International vs. U.S. Equity Since 1997.PNG

Duration and Yield of the U.S. Bonds Since 1990

Duration and Yield of the U.S. Bonds Since 1990.PNG

Comparison of U.S. Treasury Yield Curve in 2013 and 2018

Comparison of U.S. Treasury Yield Curve in 2013 and 2018.PNG

Valuation Implied Returns by Regions

Valuation Implied Returns by Regions.PNG

The Importance of Upside and Downside Capture in U.S. Equity Since 1997

The Importance of Upside and Downside Capture in U.S. Equity Since 1997.PNG

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