Page 19 - MayDefComp

China 3.00 3.30 4.10 4.25 2.64

Japan -2.40 0.10 2.70 0.00 -0.04

EU -3.90 0.90 7.60 0.11 0.42

U.S. -3.20 1.20 3.80 0.25 0.70

Global Market Data GDP Growth (YOY) (%) CPI (YOY) (%) Unemployment (%) Central Bank Rate (Level) 10 Year Govt. Yield (%) *Forecasted Q1 2020 Chart of the Quarter

1 Year -6.98 -23.99 -14.38 -17.69 0.70 1 Year 8.93 4.98 -6.94 1.79 1 Year -22.31 -21.26 22.48 -67.05

Index Returns (%) YTD -19.60 -30.61 -22.83 -23.60 -13.95 YTD 3.15 -3.63 -12.68 -1.88 YTD -23.29 -27.30 3.95 -65.55

Quarterly Market Recap

QTD -19.60 -30.61 -22.83 -23.60 -13.95 QTD 3.15 -3.63 -12.68 -1.88 QTD -23.29 -27.30 3.95 -65.55

Level 2,584.59 1,153.10 1,559.59 848.58 7,700.10 YTM 1.59 3.43 9.44 0.49 Level 61.86 522.15 1,577.18 22.74 Chart of the Quarter: Source: Strategic Insight Simfund, J.P. Morgan Asset Management.

as of 03/31/2020 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, 03/31/2020 Morningstar Direct, 03/31/2020