Page 17 - AugDefComp

YTD Fixed Income 6.14 Cash 0.49 Large Cap ‐3.08 High Yield ‐3.80 Asset Alloc. ‐4.34 EM Equity ‐9.78 Int'l Equity ‐11.34 Small Cap ‐12.98 REITS ‐18.71 Comdty ‐19.4

2019 Large Cap 31.49 REITS 26.00 Small Cap 25.52 Int'l Equity 22.01 EM Equity 18.42 Asset Alloc. 18.20 High Yield 14.32 Fixed Income 8.72 Comdty 7.69 Cash 2.21

2018 Cash 1.82 Fixed Income 0.01 High Yield ‐2.08 Large Cap ‐4.38 REITS ‐4.62 Asset Alloc. ‐5.58 Small Cap ‐11.01 Comdty ‐11.25 Int'l Equity ‐13.79 EM Equity ‐14.58

2017 EM Equity 37.28 Int'l Equity 25.03 Large Cap 21.83 Small Cap 14.65 Asset Allocation 13.28 High Yield 7.50 REITS 5.23 Fixed Income 3.54 Comdty 1.70 Cash 0.82 the following weights (60% Equity, 40% Bonds): 20% in the S&P 500, return for stated period. Past performance is not indicative of

2016 Small Cap 21.31 High Yield 17.13 Large Cap 11.96 Comdty 11.77 Emrg Mrkt Equity 11.19 REITS 8.52 Asset Allocation 7.91 Fixed Income 2.65 Int'l Equity 1.00 Cash 0.26

2015 REITS 3.20 Large Cap 1.38 Fixed Income 0.55 Cash 0.03 Int'l Equity ‐0.81 Asset Allocation ‐2.16 Small Cap ‐4.41 High Yield ‐4.47 Emrg Mrkt Equity ‐14.92 Comdty ‐24.66

Asset Class Returns
2014 REITS 30.14 Large Cap 13.69 Fixed Income 5.97 Asset Allocation 4.95 Small Cap 4.89 High Yield 2.45 Cash 0.02 Emrg Mrkt Equity ‐2.19 Int'l Equity ‐4.90 Comdty ‐17.01

2013 Small Cap 38.82 Large Cap 32.39 Int'l Equity 22.78 Asset Allocation 13.06 High Yield 7.44 REITS 2.47 Cash 0.05 Fixed Income ‐2.02 Emrg Mrkt Equity ‐2.60 Comdty ‐9.52

Emrg Mrkt Equity REITS Int'l Equity Small Cap Large Cap High Yield Asset Allocation Fixed Income Comdty
2012 18.22 18.06 17.32 16.35 16.00 15.81 11.25 4.21 Cash 0.08 ‐1.06 Source: Morningstar Direct, 06/30/2020. Large cap: S&P 500, Small cap: Russell 2000, EM Equity: MSCI EME, DM Equity: MSCI EAFE, Comdty: Bloomberg Commodity Index, High Yield: Barclays High 10% in the Russell 2000, 15% in the MSCI, 5% in the MSCI EME, 30% in the Barclays Capital aggregate, 5% in the Barclays 1‐3m Treasury, 5% in the Barclays High Yield Index, 5% in the Bloomberg

2011 REITS 8.29 Fixed Income 7.84 High Yield 4.98 Large Cap 2.11 Cash 0.07 Asset Allocation ‐0.38 Small Cap ‐4.18 Int'l Equity ‐12.14 Comdty ‐13.32 Emrg Mrkt Equity ‐18.42

2010 REITS 27.96 Small Cap 26.85 Emrg Mrkt Equity 18.88 Comdty 16.83 High Yield 15.12 Large Cap 15.06 Asset Allocation 12.77 Int'l Equity 7.75 Fixed Income 6.54 Cash 0.13

Emrg Mrkt Equity High Yield Int'l Equity REITS Allocation Fixed
2009 78.51 58.21 31.78 27.99 Small Cap 27.17 Large Cap 26.46 Asset 23.74 Comdty 18.91 Income 5.93 Cash 0.15 Yield Index, Fixed Income: Barclays Capital Aggregate, REITs: NAREIT Equity REIT Index. The “Asset Allocation” portfolio assumes Commodity Index and 5% in the NAREIT Equity REIT index. Balanced portfolio assumes annual rebalancing. All data represents total

2008 Fixed Income 5.24 Cash 1.77 Asset Allocation ‐23.27 High Yield ‐26.16 Small Cap ‐33.79 Comdty ‐35.65 Large Cap ‐37.00 REITS ‐37.73 Int'l Equity ‐43.38 Emrg Mrkt Equity ‐53.33

Emrg Mrkt Equity Comdty Int'l Equity Asset Allocation Fixed Income Large Cap High Yield Small Cap REITS
2007 2006 REITS 35.06 39.42 Emrg Mrkt Equity 16.23 32.14 Int'l Equity 11.17 26.34 Small Cap 18.37 7.04 Large Cap 15.79 6.97 Asset Allocation 5.49 14.54 Cash High Yield 4.78 11.85 Cash 1.87 4.80 Fixed Income ‐1.57 4.33 Comdty ‐15.69 2.07 Diversification does not guarantee a profit or protect against loss.

as of 06/30/2020 2005 2004 Emrg Mrkt REITS Equity 31.58 34.00 Emrg Mrkt Comdty Equity 21.36 25.55 Int'l Int'l Equity Equity 13.54 20.25 REITS Small Cap 12.16 18.33 Asset Asset Allocation Allocation 7.86 12.28 Large Cap High Yield 4.91 11.13 Small Cap Large Cap 4.55 10.88 Cash Comdty 3.00 9.15 Fixed High Yield Income 2.74 4.34 Fixed Cash Income 1.24 2.43 future returns. Past performance does not guarantee future results.

Emrg Mrkt Equity Small Cap Int'l Equity REITS High Yield Large Cap Allocation Fixed
2003 55.82 47.25 38.59 37.13 28.97 28.68 Asset 24.83 Comdty 23.93 Income 4.10 Cash 1.03