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Active Bond Management Has Worked Well Across a Range of Categories

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Triple Digits

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All Country World MSCI Index Since 1995

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Investors Intelligence Bulls & Bears Since 1987

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Relative Global Performance of US MSCI Since 1995

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MSCI Share Price Indexes During Bull Markets Since 2009

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MSCI Share Price Indexes During Bull Markets of 2003-2007

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S&P 500 Bull & Bear Markets & Corrections Since 2008

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S&P 500 Reported Trailing PE Since 1960, quarterly and monthly

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S&P 500 Annual Percent Changes Since 1928

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