Page 80 - FebDefComp

China 6.00 4.30 3.60 4.35 3.14

Japan 0.60 0.50 2.40 -0.10 -0.01

EU 1.20 1.20 6.70 0.25 0.50

U.S. 2.30 2.10 3.50 1.75 1.92

Global Market Data GDP Growth (YOY) (%) CPI (YOY) (%) Unemployment (%) Central Bank Rate (Level) 10 Year Govt. Yield (%) *Forecasted Q4 2020 Chart of the Quarter

1 Year 31.49 25.52 22.01 18.42 36.69 1 Year 8.72 14.54 14.32 5.32 1 Year 7.69 26.00 18.31 22.68

Index Returns (%) YTD 31.49 25.52 22.01 18.42 36.69 YTD 8.72 14.54 14.32 5.32 YTD 7.69 26.00 18.31 22.68

Quarterly Market Recap

QTD 9.07 9.94 8.17 11.84 12.47 QTD 0.18 1.18 2.61 -0.07 QTD 4.42 -0.76 3.04 8.59

Level 3,230.78 1,668.47 2,036.94 1,114.66 8,972.60 YTM 2.31 2.84 5.19 1.01 Level 80.89 726.38 1,517.27 66.00 Chart of the Quarter: Source: Strategic Insight Simfund, J.P. Morgan Asset Management.

as of 12/31/2019 Quarterly Data Center Equities S&P 500 Russell 2000 MSCI EAFE MSCI EM NASDAQ Fixed Income U.S. Aggregate U.S. Corporates Barclays U.S. High Yield Citi WGBI Non-USD Other / Specialty Bloomberg Commodity Index FTSE NAREIT Equity REIT Index Gold Brent Oil Source: Bloomberg, 12/31/2019 Morningstar Direct, 12/31/2019