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Economy

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Outside US, Managers and Funds Outperformed over time

Outside US, Managers and Funds Outperformed over time.PNG

Active Management Goes Through Cycles

Active Management Goes Through Cycles.PNG

US Funds Median Excess Return VS S&P 500 Index

US Funds Median Excess Return VS S&P 500 Index.PNG

Range of Returns and Equity % Allocations

Range of Returns and Equity % Allocations.PNG

Three Year Rolling Index Return vs Index Rank 1999-2017

Three Year Rolling Index Return vs Index Rank 1999-2017.PNG

Primary Determinant of Risk and Return in a TDF

Primary Determinant of Risk and Return in a TDF.PNG

US Budget Deficit % of GDP

US Budget Deficit % of GDP.PNG

US Federal Debt as % GDP 1790-2030

US Federal Debt as % GDP 1790-2030.PNG

US Wage Growth Overall 1997-2018

US Wage Growth Overall 1997-2018.PNG

S&P 500 and Official National Bureau of Economic Research US Recessions

S&P 500 and Official National Bureau of Economic Research US Recessions.PNG

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