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Quarterly US publicly traded REITs performance since 2006

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High-yield bonds remain excellent substitutes for equities

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Share of seats in the US Senate vs. the US House of Representatives since 1990

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Real S&P composite: 1871-present

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US treasury index drawdowns, % from peak since 1973

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PPP fair value and spot exchange rates for selected currencies since 1992

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USD and EUR stock-bond frontiers and 60/40 portfolios based on 2023 vs. 2022 LTCMAs for risk and return (%)

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LTCMA forecasts, 2023 vs. 2022, USD terms

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Growth of $1 invested from 12/31/1999-12/31/2009

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MSCI emerging markets less S&P 500 index since 1991

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