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U.S. Economic Data

 as of 12/31/17

                                    Source: Bloomberg, 12/31/2017

          CPI ex. Food & Energy and CPI Index Levels
                               Year over Year

 6% CPI ex. F&E 1.7%
 5% CPI 2.2%
 4%
 3%
 2%
 1%
 0%
-1%
-2%
-3%

                                     Source: Bloomberg, 11/30/2017
 Source: Bloomberg, Bureau of Labor Statistics and Bureau of Economic Analysis.
 1) The S&P 500 Index is a broad-based measure of domestic stock market performan
 cannot be purchased directly by investors. Index performance is shown for illustrativ
 inv estment. Past performance does not guarantee future results.
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