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S&P 500 Index: Forward P/E Ratio
                                    Description 25 Year Average  Latest  17.2                                 24.9                  Forward P/E  1.92                                 2.03                 Dividend Yield  Source: Bloomberg, 06/30/2020.  The S&P 500 Index is a broad‐based measure of domestic stock market performance.  The index is unmanaged, includes the reinvestment of dividends, and cannot  the performance of any particular investment.  Past performance does











                                   Valuation   Mesaure   P/E  Div. Yield                                                                        be purchased directly by investors.  Index performance is shown for illustrative purposes only and does not predict or depict




















                      as of 06/30/2020                                                                                                             not guarantee future results.
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